Project Risk Management Plan for Alaska Affordable Housing Project

Abstract

Adequate housing has been a consistent problem in rural Alaska. COVID-19 pandemic has made living there even more difficult. The state requires approximately 16,107 housing units each year. To reduce the housing deficit in Alaska, need interventions in the provision of affordable housing. We have collaborated with the state for providing affordable housing in Anchorage. Project focus is to provide 100 housing units in Anchorage. This project will focus on the Risk Management for affordable housing project. Risk management is a key project management practice to minimize negative risk occurrences during the project. While we can never predict the future with certainty, we can apply a simple and streamlined risk management process to identify uncertainties in projects and proactively minimize the negative impact of these uncertainties. A robust risk management process improves the probability of successful project completion and reduces the negative consequences of those risks. This project created the risk management process, tools, and techniques to increase the probability and impact of opportunities and decrease the probability of negative events for affordable housing projects in Alaska