Track: Engineering Management

Abstract

Over the last four years, instability and unrest in Libya raised risk analysis topic to a very sensitive grade that it might affect any business. This imposed more attention at identifying and assessing of potential risks in a very early stage of any project, which is highly important for planning the most appropriate strategies to minimize threats and exploit opportunities.

This paper demonstrates the risk management plan for phase one of RAPIDCOM Wi-Fi Project designed and constructed by Ericsson AB, Libya branch. RAPIDCOM is a new Libyan internet services provider, based in Tripoli, recently received the license from the Ministry Of Telecommunications and Informatics. RAPIDCOM is focusing on Wi-Fi deployment for providing internet services and applications to users. Their tight time plan targeted launching services in four months’ time.

Results showed that having very early risk analysis in conception stage with good tracking of response strategies and countermeasures applied reduced area of uncertainty associated with business performance and decreased the catastrophic risks percentage from 23% to 2%.  Significant risks also decreased from 54% to 14%. This reflected in satisfying key stakeholder expectations and saving money and time.