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Presentation/PPT
27/08/2022
Question:
You are a project analyst at a large construction company. You have been asked to develop a riskanalysis and mitigation plan for one of the below five projects:
Sydney Light Rail: https://www.parliament.nsw.gov.au/researchpapers/Documents/CBD%20and%20South%20East%20Light%20Rail.pdfAlsosee:
https://www.railway-technology.com/features/sydney-light-rail-fiasco/
Singapore Sun Cable:https://www.suncable.sg/Also see:
https://www.theguardian.com/environment/2019/jul/14/just-a-matter-of-when-the-20bn-plan-to-power-singapore-with-australian-solar
https://www.straitstimes.com/business/economy/20b-plan-to-supply-solar-power-from-australia-to-spore
3. Future Frigates (War Ships) https://www.defence.gov.au/CASG/EquippingDefence/SEA%205000%20Phase%201.aspAlsosee:
https://www.defence.gov.au/casg/Multimedia/Hunter_Class_FFG_Fact_Sheet-9-9243.pdf
https://www.defence.gov.au/casg/Multimedia/GCSInfographic-9-9233.pdf
4. Cross River Rail, Brisbane: https://crossriverrail.qld.gov.au/
5.Hudson Yards, New York: https://www.hudsonyardsnewyork.com/about/building-hudson-yards/
6.Western Sydney Airport, https://westernsydneyairport.gov.au/
There are three parts to the Analysis:
Part A: Project Overview:
For each students allocated case study students must be able to identify the following information through their own research:
The overall budgetfor the project (real or projected)
Social and economic rationale: Including benefits and drawbacks for the project
Key Statistics: Provide key information about the project:
Scope and Size
Budget and estimated cost
Time required to complete the project
Key construction elements or phases (e.g. if you are building a toll road one key element may be the tunnel segment or bridge segment)
Environmental costs or benefits
Funding mechanisms: How the project makes money or provide return to its promoters
Identify the Key Stakeholdersin the project
Part B: Risk Analysis
In this part students develop a risk assessment analysis in which they use both qualitativeand quantitative measures to identify potential risks in the project and determine how they should beweighted.
The risk analysis should draw upon principles outlined in the Project Management Body of Knowledge (PMBOK) and material discussed in class in weeks 1 -5.
Students would be expected to produce a risk matrixwhere the likelihood of potential risks events are mapped against their possible consequences. Other risk assessment and analysis activities might focus on a range of financial measures associated with the project.
Part C: Risk Mitigation Plan
In this part students will use the information collected and analysed in the previous two parts to develop a risk mitigation plan and strategy. Based on information identified in the risk analysis students will be expected to develop a plan for how they deal with the various identified risks. The mitigation plan should outline which risks need to be address and in what order. The plan should also identify and potential risks that they believe do not require attention.
The plan should then explain how risks might be addressed and by what means. Where possible places should include the reference to time and resource (costs) implications. Students need to take into account commercial considerations when constructing the plan and identify whether the plan is cost effective or has any implementation issues. (10 marks)
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