Recommendation for WA and Risk Mitigation Methods

Running head: RECOMMENDATION FOR WA AND RISK MITIGATION METHODS
Recommendation for WA and Risk Mitigation Methods
Name of the Student
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Author’s note

1RECOMMENDATION FOR WA AND RISK MITIGATION METHODS
Executive Summary
The report discusses about the imminent risks that would approach towards the project during the
design of the new fleet of coaches. The report would discuss about the identification of the
scenarios of risks that could approach towards the project. The different risks that would
approach towards the project and would be identified in the report. The risks identified in the
report would be analysed and thus a proper kind of evaluation of risks would be identified. Based
on the risk scenarios, various strategies would be developed and thus a proper process of
deployment of such strategies have been defined. These strategies would be helpful for reducing
the likelihood and the impacts made by such kind of risks. The management of the discussed
organisation would have to decide on the best factors for mitigating the risk scenarios. Hence,
the roles and responsibilities of each stakeholders based on the management of risks have been
properly estimated. The report also includes a risk register that contain each of the risks
identified within the project. This would be useful for the identification of likelihood and
seriousness of each of the identified risks. Based on the understanding over the discussed
scenarios, the ways of the mitigation of each the risks would be understood.

2RECOMMENDATION FOR WA AND RISK MITIGATION METHODS
Table of Contents
1. Introduction and Content.............................................................................................................3
2. Stakeholders and Risk Management............................................................................................3
3. Risk Management Plan................................................................................................................4
3.1 Process...................................................................................................................................4
3.2 Tools......................................................................................................................................5
3.3 Activities................................................................................................................................5
3.3.1 Identifying Risks.............................................................................................................5
3.3.2 Determining Risks/Assessment of risks.........................................................................6
3.3.3 Evaluating Risks.............................................................................................................7
3.3.4 Planning of Risks/Management of risk...........................................................................8
3.3.5 Communicating Risks and Stakeholder Matrix..............................................................9
4. Conclusion.................................................................................................................................11
5. Appendix....................................................................................................................................11
References......................................................................................................................................12

3RECOMMENDATION FOR WA AND RISK MITIGATION METHODS
1. Introduction and Content
The Government of Western Australia (WA) is designing a new plan for the replacement
of the NSW regional rail fleet that were named as XPT, XPLORER and Endeavour trains. The
old trains were mostly 36 years old and thus they were in high need for changing the systems.
The main aim with the design implementation of the new trains is based on the creation of
sustainable opportunities for job and also introducing new skills (Regional Rail Transport for
WA, 2019). The newly implemented trains would also improve the accessibility, comfort,
reliability and safety for the customers in the region who mostly travel from Brisbane, Canberra
and Melbourne.
The task based on the design of the new trains has been provided to Momentum Trains,
which is a renowned organisation in the manufacturing department. The project based on the
design of new trains is based within WA to support the transportation system at NSW along with
Melbourne, Brisbane and Canberra. Based on the design of the new project, it can be considered
that it would help in providing employment to the people within WA and also open new
sustainable job skills and opportunities. These risks could be based on financial risks, technical
risks, operational risks, economic risks and manpower based risks. These risks would be highly
needed to be eliminated from the system in order to help in mitigating the risks scenarios and
thus helping in the improvement of the situation. The management over the risks scenarios
should be highly taken into consideration.
2. Stakeholders and Risk Management
The stakeholders involved within the project based on designing of the new fleet of trains
within WA can be described as: