Project Management Fundamentals and Practices

Running head: PROJECT MANAGEMENT FUNDAMENTALS AND PRACTICES
Project Management Fundamentals and Practices
[Name of the Student]
[Name of the University]
[Author note]

1PROJECT MANAGEMENT FUNDAMENTALS AND PRACTICES
Project Charter:
1 Introduction
The light rail transport system would be associated with providing a comfortable, frequent as
well as reliable journey for the commuters through the city as well as to the south eastern
suburbs. Besides this it is also expected that this project would be helping in the reduction of the
congestion at the central business district and this would be done by means of cutting down the
dependency upon the nus services.
The line would also be including the major interchanges taking place at the ferry rail, and the bus
stations as well as in the routes which in turn would be associated with providing a 1 KM
pedestrian zone between the two streets Hunter and Bathurst along with the George Street.
2 Project and Product Overview
The New project of the light railway would be a 12KM long rail between the CBD and the South
East Light Rail (CSELR) project. This particular project would be helping Australia in extending
from Circular Quay and would be passing through the Central station and would lastly be
connecting the Moore Park sporting and the entertainment precinct, Randwick Rececourse, the
University of New South Wales and Prince of Wales Hospital at Randwick.
This project has received its approval for the entire plan from the Government of New South
Wales. This project has been developed with a PPP or Public-Private Partnership, which would
be put forward to the entire world along with being operated as well as being maintained by the
Connecting Sydney consortium Some of the major partners of the consortium included the
Australasian Railway Association or the ARA, and the ARA members mainly includes the
Transdev Sydney, Alstom Transport Australia Action Infrastructure Australia and Capella
Capital.
3 Justification
The project would be also be benefitted by means of making improvements in the access
to the major sporting and the entertainment facilities and this would be including the Football
Stadium of Sydney, The Cricket ground of Sydney as well as the Randwick Racecourse and
Moore Park’s Entertainment Quarter. Some of the other reason behind conducting this project is
that it is associated with providing some other facilities such as the including of the stabling
facility in Randwick along with a maintenance depot in Rozelle. This project would also be
associated with the creation of an urban experience which would be improved along with a
reduced congestion and the sustainability would be promoted. Public would be provided with a
better public transport associated with more connections for more people. The economy would
be highly boosted by means of taking the key shopping and the entertainment districts.
4 Objectives
The major objective of this project includes the following:
Deploy the railway service which would be operating with a fleet of electric powered
light rail vehicle which would be fully air-conditioned featuring a low-floor design and would be

2PROJECT MANAGEMENT FUNDAMENTALS AND PRACTICES
powered by around 12 substations. The new project is also aimed at completion of a project
which after completion would be capable of carrying up to 9000 passengers every hour in each
direction.
5 Risks
Risk Mitigation
Site Risk This type of risk can be mitigated by starting the project
after all the procurement of the land I completed and is
handed over by the government. This can also be
mitigated by sending of letter of acquisition of the land to
the respective owner (Halpin, Lucko and Senior 2017). A
DPR or a Daily project Report system can be used and
this DP should be consisting of the site photograph along
with daily consumption of the materials, used manpower,
amount of work done and many more.
Material Risk This is one of the major risk that is likely to be faced.
This is generally faced in the Design and survey phase
and so there is an essential need of a perfect design
(Igwe, Nasiri and Hammad 2017). The engineers
associated with the project must be aware of the different
materials that are to be purchased and the dealers who
would be supplying be materials must be ISO certified.
Besides this the dealer’s should necessarily be associated
with providing the certification for the quality of each
and every material (Qazi et al. 2016). Besides this there
should also exist multiple dealers for the supply of
materials so as to make sure that if one of the supplier
fails then other could deliver the material that is required.
Design Risk There is always a need of having a perfect design so as to
avoid any kind of risks related to designing (Banihashemi
et al. 2017). There is also a need of spending more time
upon the designing process and survey reports along with
which the survey must be containing the GADs or the
general arrangements of sheets along with the hydrology
of every bridges along with the curves of the tracks.
Contractual risks and
exposure
This type of risks are having a huge impact upon the
projects the higher authority along with the railway
ministry should strictly be aware of any kind of breach in
the contract which would be initially responsible for
tendering the processes (Burtonshaw-Gunn 2017).

3PROJECT MANAGEMENT FUNDAMENTALS AND PRACTICES
Risk Mitigation
Financial risks This type of risk can be mitigated by taking a closer look
into the techniques utilized for the project cash flow
which would be acting as one of the major function of
the risk management process (Kerzner 2018).
Site Safety This is one of the major risk faced in the construction
sites and this can be mitigated simply by wearing safety
equipment such as the helmets, boots, hand glows and
many more (Sears et al. 2015). Besides this various acts
also needs to be followed for the welfare of the
employees.
Management risks This type of risks mainly arises when the site is not
receiving proper resources needed for proceeding with
the project and for that reason all the transportation
system needs to be managed properly and besides this the
resources which are stored in the sites should also be
protected from various things such as rains, winds and all
other unnecessary elements (Harrison and Lock 2017).
Human resource risks Proper assigning of employees for respective tasks in
which they specialized along with providing of proper
training to the new employees.
Construction related risks This type of risk is very much common in construction
project which generally occurs at the time of execution
and this can be mitigated by making sure that the site
engineer is associated with discussing the entire plan
with the senior engineer (Heagney 2016).
Besides all this the execution process should also be done
in a proper way by maintain proper guidelines and
modern equipment should also be used so as to have easy
and quality construction.
Legal risks This type of risks when the government agencies or the
civic bodies are getting affected due to the project puts
forward certain complaints. In order to mitigate this
problem it is essential to make sure that the project gets
approval from all this bodies so as to avoid any kind of
problem in the middle of the project.
6. Literature review:
According to Schwalbe (2015), life cycle is associated with the implication of two things
that is the process is perpetual along with the sequence of events which is obligatory or is uni-