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Panama 2006

The Panama Canal connects the Atlantic and Pacific oceans through the narrowest part of Central America. The French first attempted to build the canal in 1881 but failed. The US later took over the project in 1904 and completed it in 1914. Key factors in the ultimate success of the project included improved resource management, planning, and risk mitigation strategies to address issues like disease outbreaks, landslides, and damage from explosives.

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Ashwin Rajaratnam
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79 views16 pages

Panama 2006

The Panama Canal connects the Atlantic and Pacific oceans through the narrowest part of Central America. The French first attempted to build the canal in 1881 but failed. The US later took over the project in 1904 and completed it in 1914. Key factors in the ultimate success of the project included improved resource management, planning, and risk mitigation strategies to address issues like disease outbreaks, landslides, and damage from explosives.

Uploaded by

Ashwin Rajaratnam
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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Key Concepts in Project Management:

Panama Canal

Ashwin Rajaratnam 300989202


Hardeep Kaur 300992114
Melike Merih 300986470
Rajvindra Singh 300990631
Simrandeep Singh 300991264

12/3/2018 1
Agenda

Introduction Issues Solutions

2
Introduction

 Panama Canal is a 48 mile canal that


connects the Atlantic Ocean to Pacific
Ocean (Canal De Panama, 2018).

 Located in the narrowest part of the


American continent.

Source: Canal De Panama; Retrieved from https://www.pancanal.com/eng/

3
History
French started the project in 1881, but failed.
 USA took over the project in 1904 and completed in 1914.

4
Agenda

Introduction Issues Solutions

5
Project Issue
 Failure of Panama Canal.

 Attempt by French Company.

6
Reasons of Failure

7
Agenda

Introduction Issues Solutions

8
Resource Management

 Retaining people to do tasks.


 Building up work morale using routine messages for the cultural
differences (Clarke,2015).
 Recognizing the work.

Source: Clarke, Snyder, & Shwom (2015)

9
Planning

 Building productive and collaborative relationships (Clarke, 2015).

 Setting incremental goals.

 Learning based on previous projects and experience.

10
Risks
 Spreading of the diseases at workplace (Giancola, 2015).

 Occurring of Mudslides.

 Damaging the site with explosives (Nix, 2015).

11
Risk Management
 Overcoming the mudslides using contingency plan

 Approaching to diseases using a scientific approach.

 Engineering challenges for locking the doors ( Kendrick, 2018).

12
Risk Management (contd.)
 Protecting the houses from earthquake using wood houses/basement.

 Eliminating workers strike with adequate system of wages.

 Controlling the damage by explosives with various approaches.

13
Conclusion
The first sea-going vessel passed the Panama Canal on August 15, 1914.

The successful completion was through enhanced human resource management,

proper planning and risk management.

14
References
Canal De Panama. (2018). Retrieved from https://www.pancanal.com/eng/

Giancola, S. (2015). E1 - Panama Canal Risk Analysis. Retrieved from


https://www.slideshare.net/SstienGiancola/e1-panama-canal-risk-analysis

Kendrick, T. (2018). A Tale of Two Projects: The Panama Canal and the Birth of Project and Risk
Management. Retrieved from http://www.failureproofprojects.com/Panama2006.pdf

Nix, E. (2014, August 15). 7 Fascinating Facts About the Panama Canal. Retrieved from
https://www.history.com/news/7-fascinating-facts-about-the-panama-canal

Clarke, L., Snyder, L. G., & Shwom, B., (2015). Business Communication: Polishing Your Professional
Presence. New Jersey: Pearson Education.

15
Thanks

16

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