Project Management: Case Study - Regional Rail Fleet (NSW)

Running head: PROJECT MANAGEMENT
Case Study: Project - Regional Rail Fleet (NSW)
Name of the Student
Name of the University
Author’s Note

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PROJECT MANAGEMENT
Table of Contents
Part 1-Deliverables..........................................................................................................................2
1.1 Background.......................................................................................................................2
1.2 Literature Review..............................................................................................................2
1.2.1 Identification of the PM risk framework...................................................................2
1.2.2 Reviewing the industry report and identification of the risk.....................................3
1.3 Western Australian Government’s need for the project....................................................5
1.4 Project feasibility..............................................................................................................5
1.5 Negative and positive events.............................................................................................6
Bibliography....................................................................................................................................9

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Part 1-Deliverables
1.1 Background
The government of Western Australia, wants to replace the rail fleet of Explorer, XPT as
well as different types of endeavour trains that are around 36 years old. It is identified that a new
train maintenance facility will generally be built for stimulating the economy as well as for
creating proper job opportunities as well as skills. It is found that the new trains will be helpful in
improving the safety, comfort as well as accessibility as well as reliability of the customers who
generally travel around Western Australia. With the help of the new project, the government
wants to provide different types of facilities to the travellers including the facility of selective
door proper electronic charging points as well as comfortable seating arrangements. The Western
Australia government has generally awarded the contract for delivering the regional rail fleet
project to the various momentum trains. In addition to this, it is expected that the new trains in
the region of Western Australia will be started from the year 2023.
1.2 Literature Review
1.2.1 Identification of the PM risk framework
According to Aven (2016), a risk management framework is mainly defined as one of the
structured procedure that is helpful in determining various types of threat to an organization for
successfully defining the strategy and for eliminating or reducing the impact of the risk as well as
other types of mechanisms that are helpful in effectively monitoring as well as evaluating the
strategy of the project quite successfully.
It is stated by Bromiley et al. (2015) that effective risk management framework is helpful
in adding proper value to the organization. An effective risk management framework is helpful

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PROJECT MANAGEMENT
in protecting the capital base of the organization for hindering the economic growth. In addition
to this, it is found that risk management framework helps in providing proper process that helps
in integrating the security as well as different risk management activities of the system within the
development life cycle of the project. The risk management framework generally helps in
carrying out some of the important steps for managing the risks effectively.
According to Wiengarten et al. (2016), in the initial step of risk management framework,
it is quite necessary to carry out the prepare step that is considered as one of the essential
activities for the organization as well as for the business process that in this particular step, the
organization generally helps in managing the security as well as privacy risks that are mainly
associated with the risk management framework of the project.
In the second step, the project manager needs to categorize the entire system as well as
processing of the information that are stored as well as transmitted with the help of proper impact
analysis (Cole, Gine & Vickery, 2017). In the third step, proper risk mitigation techniques are
generally implemented in order to resolve the problems that are mainly associated with the
project.
1.2.2 Reviewing the industry report and identification of the risk
According to Tupa, Simota and Steiner (2017), risk management is considered as one of
the significant concept that helps in determining, quantifying as well as mitigating as well as
reviewing the risk events that generally create adverse impact on the project. In order to mitigate
the risks that are associated with the rail projects in Western Australia, it is quite important to
determine the risks that are mainly related with the project (Leveson, 2015). The risks that are
mainly related with the rail project in Western Australia generally include site risk, material risk,
design risk, financial risk, safety risk as well as human resource related risk.