The aim of the Environment Quality International (EQI) is to promote and execute sustainable development projects in the traditionally and culturally affluent North-African country of Siwa. It endeavored to bring about economical progress to the region while ensuring that the developments are in harmony with the ecology and the environment. Besides these, one very significant aspect where the EQI directed its efforts was to build on the place’s age-old wisdom and traditional wealth (INSEAD- Rensselaer, 2009). The various construction activities followed the vernacular styles and employed the local residents while utilizing their creativity and skills.
Scope of the Project
Siwa being one of the largest recipients of financial assistance from America has got ample opportunities of growth and development (INSEAD- Rensselaer, 2009). The country is blessed to have a rich and diverse cultural heritage that attracts many tourists from all over the world, thus bringing in abundant foreign exchange earnings. However, due to many geographical factors such as water scarcity, widespread desert regions and lack of green, arable lands the country faces severe difficulties in the execution of any major developmental activity.
The Key Stakeholders and Their Issues
The term stakeholder refers to all people or organizations that are impacted by the project and vice versa (PMI, 2008). The stakeholders of this project include:
- Local residents including tribes.
- Siwan builders and hotel developers.
- Tourists and travelers. These include the scholars, politicians, artists, fashion designers, young students, etc.
- Lodge partners and employees.
The project is aimed at bringing about an all round benefit to every element connected to it besides standing out as an inspiration. On the one hand, the activities will lead to economic progress for the builders and developers, they will help to restore the traditional quality and promote tourism.
The Organizational Culture and its Impact on Risk Management
The organization has a very visionary and utilitarian approach and thus it has been receiving a lot of encouragement including economical assistance. Furthermore, both the environment aspects and preservation of the cultural heritage of the country are the major benefactors. Besides these, their activities will also enhance the economy and generate more sources of employment (INSEAD- Rensselaer, 2009). Thus, having reduced the risk factor the opportunities for experimentation increase. And the successful implementation of these strategies will help multifariously.
Potential Sources of Risk for the Project and Their Impact on the Critical Success Factors for Effective Project Management
Amongst the various vulnerable aspects of the project the following ones are of special importance (INSEAD- Rensselaer, 2009):
- The price of local expertise and materials is beyond the affordable capacity of the local population. Therefore, only foreigners building vacation homes will take the pains to exclusively use the local traditional techniques, art and materials.
- The country is witnessing a rise in urbanization and there is an increased usage of the modern machines like motorcycles.
- Modern construction methods prove to be more economical and faster to the native residents who are looking forward to expanding their homes.
- Digging of too many wells and introduction of indoor bathrooms has put stress on water supply and sustainability of the oasis.
- Scarcity of water and the continuous lowering down of the ground water table.
The prime idea behind this project is to restore the cultural and traditional identity of the place and to promote tourism. With the development based on its rich heritage, age-old traditions and environmental features, the country has got a strong potential of development and to stand as a unique example. Thus, the major function of effective management is to ensure that the desired organization objectives are met. This can be accomplished by exercising control over scarce resources (Lewis, 2007).
It, thus, calls for a higher degree of assistance and when more organizations come forward with the similar idea, the probably of success will rise sharply.