There is always a risk involved in big projects and it always has a positive or an negative impact on the project objective.
The team should just evaluate the scale of crisis then organize a team according to it and establish a crisis management plan and implement it.
The crisis was faced on every level from Dubai government to all the corporations and the investors.
They were facing a huge debt in figure of billions by the corporation which further resulted in:
A large number of employees lost their jobs.
Due to crisis the foreign investors stopped to invest.
There were various factors behind it.
The government is not that functional and is just influenced by big corporate groups.
It is also not earning that much money from oil resources as they are depleting rapidly. So, it is relying upon tourism.
The real life threats faced during the process of construction were:
The waves were about 2 meters high in the sea.
There were earthquakes experienced on a scale of 6 to 7.
The soil kept on weakening because of the constant exposure to rising sea water.
Crisis Management to achieve the objective:
The corporation started by replacing the members of the Dubai’s Corporate Elite.
Investment advisers were hired to face the foreign investors problem.
To face the financial crisis a loan of 10$ Billion was taken.
The price was full paid and recovered in the year 2011.
Wave blockers were installed all around the island which are about 3 meters high. Dubai coastal monitoring program also began studying the baseline barometric and topographic survey of the Jumeirah coastline