Project Management: Case Study - Regional Rail Fleet (NSW)
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Added on  2023/04/08
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This case study explores the project management aspects of the Regional Rail Fleet project in Western Australia. It discusses the background, literature review, project feasibility, and the positive and negative events associated with the project. The study also highlights the need for the project and the risks involved.
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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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1 PROJECT MANAGEMENT Table of Contents Part 1-Deliverables..........................................................................................................................2 1.1Background.......................................................................................................................2 1.2Literature Review..............................................................................................................2 1.2.1Identification of the PM risk framework...................................................................2 1.2.2Reviewing the industry report and identification of the risk.....................................3 1.3Western Australian Government’s need for the project....................................................5 1.4Project feasibility..............................................................................................................5 1.5Negative and positive events.............................................................................................6 Bibliography....................................................................................................................................9
2 PROJECT MANAGEMENT Part 1-Deliverables 1.1Background 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. 1.2Literature Review 1.2.1Identification of the PM risk framework According toAven (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 byBromiley et al.(2015) that effective risk management framework is helpful in adding proper value to the organization. An effective risk management framework is helpful
3 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 toWiengarten 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. 1.2.2Reviewing the industry report and identification of the risk According toTupa, 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.
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4 PROJECT MANAGEMENT It is stated byKerzner and Kerzner (2017) that land acquisition risk is one of the major risk that can create impact on the progress of the project. If proper notice is not sent to the owner of the land for the acquisition, then it would be quite challenging to start investigation that is associated with the work. In addition to this, it is found that if the materials that are used for rail project are not proper in quality then there is high chance that quality related problems can occur due to not following proper quality standards in the project. It is opined byJoslin and Muller (2015)that major time is generally needed in order to design the rail project effectively. It is quite necessary for the designers to create detailed design for the project so that the rail fleet can be developed successfully by avoiding the problems as well as issues with the project. Thus, proper report containing good design will be developed with the commencement of the project. On the other hand, it is identified that contractual liability related risk can generally create serious impact on the progress of the project while conducting proper survey. In addition to this, it is found that market inflation can be one of the major reason due to the rising number of financialchallenges(Hornstein,2015).The occurrenceof various typesof financial challenges can generally create major impact on the project. In addition to this, it is identified that site safety risk can be one of the very common challenges that are faced by the rail project in the construction project. Thus, it is quite necessary to utilize proper measures so that risk as well as challenges of the project can be mitigated. Moreover, management risk is also considered to be significant when the project manager face lot of challenges in managing the project completion within the estimated budget as well as time of the project (Aven, 2016).Furthermore, legal risk can also create negative impact on many of the government agencies, civic bodies that are affected by the
5 PROJECT MANAGEMENT development of rail line that further needs approval for the project that is considered to be complex. 1.3Western Australian Government’s need for the project The government of Western Australia generally needs the project of rail fleet for successfully stimulating the regional economy so that proper job opportunities as well as skills can be developed. It is found that by undertaking the project of rail fleet, the government can be able to provide much more comfortable design of the project by providing proper facilities of spacious buffet, reversible seating and more. In addition to this, proper facility of toilets, presence of automatic doors as well as proper electronic charging points. All these facilities that are provided by the government will generally be helpful in reducing the issues that the travellers faces while travelling and can be able to travel comfortably. 1.4Project feasibility The project feasibility is generally undertaken for measuring the ability as well as likelihood for completing the work of the project quite successfully by including all the important factors. The project feasibility study helps in properly testing the visibility of the project. It is found that the main goal of the feasibility study is to properly emphasize the various types of potential errors. The feasibility analysis that is mainly undertaken in the project are generally elaborated below: Operational feasibility:The operations that are undertaken for the development of the rail fleet project is considered to be undertaken feasibly.
6 PROJECT MANAGEMENT Financial feasibility:The project that is undertaken is considered to be economically feasible and therefore it is determined that the work of the project can be completed successfully within the time that is assumed. Technological feasibility:The project is technologically feasible as the various types of hardware that are needed for the project are easily available in the market. 1.5Negative and positive events The positive as well as negative events that are mainly related with the development of the rail project is western Australia are mainly illustrated below: Risk IdRiskDescriptionNegative/Positive 1Schedule slippageIftheprojectdelay due to the addition of somenewfeatures withintherailfleet then it can generally causedelaywithin the entire project. Positive risk 2Financial riskIf the budget of the projectisnot managedeffectively thenitcancause numberoffinancial riskswithinthe Negative risk
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7 PROJECT MANAGEMENT project. 3Material riskIf the materialsthat aresuppliedforthe projectarenotof good quality, then it generallycancause number of issues and challengesinthe project. In addition to this,qualityrelated problemscan generallyoccur within the project for not following proper qualitystandards within the project. Negative risk 4Safety riskIfthesafetyrelated precautionsarenot used, then number of safetyrelated problemscan generallyoccur withintheproject. Negative risk
8 PROJECT MANAGEMENT Thus, it is necessary to utilize appropriate numberofsafety precautionswhile undertaking the work oftheprojectquite successfully. 5Management riskIftheproject managerwhois involvedwiththe workoftheproject arenotmuch experienced,thenit will be quite difficult for themto manage the risks as well as challengesofthe project. Furthermore, it will also delay in the completion of the projectthatcan furtherincreasethe budget of the project. Negative risk
9 PROJECT MANAGEMENT
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11 PROJECT MANAGEMENT Sánchez, M. A. (2015). Integrating sustainability issues into project management.Journal of Cleaner Production,96, 319-330. Todorović, M. L., Petrović, D. Č., Mihić, M. M., Obradović, V. L., & Bushuyev, S. D. (2015). Projectsuccessanalysisframework:Aknowledge-basedapproachinproject management.International Journal of Project Management,33(4), 772-783. Tupa, J., Simota, J., & Steiner, F. (2017). Aspects of risk management implementation for Industry 4.0.Procedia Manufacturing,11, 1223-1230. Wiengarten, F., Humphreys, P., Gimenez, C., & McIvor, R. (2016). Risk, risk management practices,andthesuccessofsupplychainintegration.InternationalJournalof Production Economics,171, 361-370.