Regional Rail Fleet (NSW) – Recommendations for WA
Verified
Added on 2023/01/16
|16
|4374
|79
AI Summary
This report discusses the recommendations for the replacement of the existing fleet of NSW regional rail with new and advanced trains. It also includes a risk management plan and strategies to mitigate possible risks.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Running head:REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA Regional Rail Fleet (NSW) – Recommendations for WA Name of the Student Name of the University Author’s note
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
1REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA Table of Contents 1. Introduction..................................................................................................................................2 2. Discussion....................................................................................................................................3 2.1 The Possible Risk Treatments or Responses Elements.........................................................3 2.2 Risk Management Plan..........................................................................................................6 2.3 Recommendations towards the Project................................................................................10 3. Conclusion.................................................................................................................................11 References......................................................................................................................................13
2REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA 1. Introduction The NSW Government is in the current process of replacing the existing fleet of the NSW regional rail that is provided by XPLORER, XPT and Endeavour trains. Some of the trains that are included within the Regional Rail service include trains that have been providing service for more than 36 years. The new plans of the NSW Government is to replace the existing fleet of trains and thus bring in new and advanced model of trains(Regional Rail Transport for NSW, 2019). The new fleet of trains would be built in Dubbo in order to stimulate and thus help in growthoftheregionaleconomyandthusalsohelpinthecreationofsustainablejob opportunities. The new fleet of trains that would be built would help in improving of comfort, safety, accessibility and reliability among the customers who would travel from Sydney to various centres in NSW and would also include Melbourne, Brisbane and Canberra. The development of the new trains for the region would help in the creation of new job opportunities for the region and would also help in improving the facilities provided to the passengers. Thus the generation of the new fleet of trains would help in the improvement of the scenario of NSW Government and the people. In the present situation, it has been seen that the NSW Government has put the major responsibility for the design of the trains to Momentum Trains. The company is considered as an international consortium that would comprise of UGL Rail Services, CAF Investment Projects, CAF and DIF Infrastructure V Cooperatief(New Intercity Fleet Transport for NSW, 2019). The entire contract would also include the factors of financing of the project, designing of the project plan, building and thus maintaining the new fleet of trains. The new fleet of trains would also include several benefits such as improved mode of accessibility, improved comfort and enhanced
3REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA mode of safety features. Other kind of modern features would also be included within the design of the new fleet of trains. The discussion in the following part of the report would mainly focus on the possible risks elements that might be incurred during the development phase of the project. Based on the understanding of the situations of risk, a risk management plan would be included in the report. This report would thus discuss about the positive or negative risks that would be included within the risk management scenario. The report would also discuss about the different kind of recommendations that would be required for mitigating the risk scenarios and thus help in the proper execution of the risks. 2. Discussion 2.1 The Possible Risk Treatments or Responses Elements There could be several forms of situations of risks based on the scenarios that are being created during the design system of the new coaches. The different kind of situations of risks that would involve within the design of the fleet are – technical risks, financial risks, risks during the construction period, economical risks and political interest based risks. Some of the risk strategies for mitigating and avoiding the risk scenarios are described as: RisksRisk StatementRisk Response Technical Risks There can be some form of risks based on the construction phase of the bogies. The design of the bogies might not be suitable to design due to several form of complexities within the system (Project ManagementInstitute,(2017).The technicians might recommended better strategies for the design of the coaches. Avoid:In order to avoid the complications within the designing of coaches, the project managers and technical team should consult withseniortechniciansandworkerswho would be working over the project (Smith, Merna & Jobling, 2014). The wiring within the coaches would beMitigate:In order to reduce the technical
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
4REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA complicated that would result in future challengesofmaintainingthem.The electriciansmightalsofacesome amountofdifficultyinpreparinga technicalplanforthecoachdesign (Young, 2016). complicationsinrelationtotheelectrical designoftheproject,MomentumTrains shoulddesignaparticularstrategyfor designing the electric wiring layout plan that wouldbeimplementedwithinthetrains (Takey & de Carvalho, 2015). The entire plan should be explained to the technical team involved within the project and they should alsoproviderecommendationsforthe prepared plan. Financial Risks Theremightbeseveralkindof escalating costs that could be incurred within the project (Kerzner & Kerzner, 2017).Theseescalationinthecosts might result with the changing pricing structuresofthevariousresources requiredduringtheprojectdesigning phase. Mitigate:The project manager and all the important stakeholders who are involved with thedesignoftheprojectshouldbe responsible for progressing with the project phases (Huston, Rahimzad & Parsa, 2015). The cost of each resources required during each phase should be taken into consideration and then the resources should be procured. Thebudgetrequiredfortheproject might exceed from the discussed and required cost of the project. The NSW Governmentmightnotbeableto sanction the exceeded budget for the project. Avoid:In order to avoid such situations in which the cost of the project would exceed from the estimated cost, the project manager andtheprojectsponsorshoulddecidein advance about the needed requirements for the project (Pauw, 2015). There should be some form of provisioning of extra budget that might be required for the project. Construction period Risks The disruption of power supply could be considered as an alarming factor for the design of the train structure project (Liu, Van Nederveen & Hertogh, 2017). Mitigate:Inordertoavoidthesituation basedondisruptionofpower,theNSW Government and Momentum Trains should discuss and sign a negotiation contract with the Electric Department (Albert et al., 2014). They should explain the complexity of the project, which would thus result in successful completion of the project. The resources that would be required during the project might not be available inacertaintimewhenitwouldbe highly needed for the project. Avoid:Momentum Trains could avoid the current situation of the lack of resources by conducting an analysis over the resources on a timely basis (Chen & Tarko, 2014). The project manager and other key stakeholders should look into the intrinsic details of the
5REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA project and should understand the necessity of the situation. Economical Risks There might be some situations in which there would be some kind of financial crises for the NSW Government who would fund the entire project (Yeung, 2017). The impact of financial crises would be such as it might lead to delay inprogressandcompletionofthe project work. Mitigate:In order to mitigate the scenario, the project manager should discuss the total estimatedcostoftheproject(Linnerooth- Bayer & Mechler, 2015). The project sponsor should also consider some extra funds for the project.Thiswouldhelpinfinancingthe entire project. Theincreaseofinterestratesand changes in the taxation system might hampertheprojectperformance (Mander, 2014). Avoid:The Momentum Trains should adapt to the changing scenarios of interest rates and thetaxationsystem.Thiswouldhelpin bringingoutpositiveoutcomesforthe performance of the project (Abrahamsson et al., 2017).
6REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA 2.2 Risk Management Plan The impact of a risk management plan would be helpful for the identification of different risks, the level of risks involved within the project, the risk impacts and the mitigation or contingency strategies that would be affecting the project. Identified Risks Implications of risksRisk TypeLevel of RiskImpact of riskContingency or Mitigation Strategies Technical Risks Basedontheimproper definingofprojectrisks, therojectmightincur several problems that could affect towards the progress oftheproject(Islam, Mouratidis&Weippl, 2014).Thiswouldalso lead to negative outcomes forthepurposeofthe projectandtherelated outcomes. PositiveMediumHighIn order to reduce the negative impacts towards the project, the project manager should have a proper form of discussion with each of the senior technicians and other co-workers within the team. The project manager should also decide on the best form of strategies that would be implemented fordesigningapropertechnicalplanforthe project. This plan would be brought under the review of senior technicians. They would thus be able to conduct a systematic assessment over the entire architecturalplanandwouldthusrecommend better solutions for the design aspects. Financial Risks Basedonthediscussed financialrisksthatmight affect the project, it could leadtodownfallofthe project.Thefinancial instabilityoftheproject wouldleadtonegative impacts towards the project NegativeMediumMediumTheprojectmanagershouldreportthedaily productivity of tasks to the project sponsor. The costsoftheseveralresourcesthatwouldbe required for the project should be properly listed and thus this would help in gaining a financial estimation of the project. Each of the necessary costs for the development oftheprojectshouldbepropertakeninto
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
7REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA (Milosevic&Martinelli, 2016). Thecasesinwhichthe costsincurredwithinthe projectwouldescalate would thus reduce the time of delivery of the project. The project sponsor would havetoreviewthe escalated costs and would thus have to design a future plan for the project. consideration.Thefutureoutcomesfromthe project should be considered and then compared with the present investment within the project. A positiveoutcomefromthecomparisonwould helpinunderstandingaboutthepositive outcomes towards the project. Construction period Risks The various discussed risks withintheconstruction periodwouldresultin negativeimpactstowards the project.Disruption in the electric power supply would lead to disruption in theentireworkoverthe project (Rowlinson et al., 2014).Withoutaproper supplyofelectricity,the techniciansandother workers who are currently workingovertheproject wouldnotbeableto proceedwiththework (Verner et al., 2014). PositiveHighMediumThe project manager, management team at NSW GovernmentandMomentumTrainsshould conductathoroughanalysisovertheentire situationsthatwouldoccurduringthe constructionperiod(Rentzosetal.,2014). Disruption in such kind of activity would lead to risks and might disrupt the project. In order to avoid or mitigate such kind of situations, the project manager and the management level should conduct a thorough analysis over each of the risks based on construction in the project. They should commit services with the Electric Department and should also sign a negotiation contract.Thiswouldensurethattheelectric servicesthatwouldbeprovidedshouldnot disrupt and thus might not hamper the work over the project.
8REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA On the other hand, the lack ofproperresources towards the project would lead to stoppage of various services.Thiswouldin turnhamperthe productivityofworkand wouldthusresultin delayed service delivery. The resources that would be required during the project should also be procured on an early basis. Theprojectmanagershouldreviewoverthe resourcesthatwouldberequiredduringthe project. They should maintain a daily record over each of the resource that is used or the stock exceeds of each of the resources. This would thus ensurethatthereisnolackorshortageof resources that might be required for the project. Procurementofresourcesinthepropertime would thus help in continuous service delivery of the project. Economical Risks The risk based on financial instabilitywouldleadto several forms of negative impactstowardsthe project. The project might get delayed or it might also lead to incomplete project delivery (Kreimeier et al., 2014).Whenever a project wouldbeperformedand wouldbeinthedesign stages, the financial crisis towards the project would leadtonegativeimpacts towardstheproject.The lack of funds towards the projectwouldleadto NegativeHighHighIn order to mitigate the challenges faced due to economicriskswithintheproject,the management and other higher authorities should ensure that there is no stoppage of services. The cost of different resources that would be incurred for the project should be proper assumed. Theprojectsponsorshouldconductan assessment over the entire costs that would be incurredfortheproject.Thecurrentcosts incurred for the project and the resources required shouldbeproperlyassumedandthenthe resources should be procured within the proper time. The company should also adapt to the changing scenariosofthetaxationandtheincreaseof interest rates. This would help in understanding of the scenarios and thus would adjust themselves
9REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA stoppage of services as the resources required for the project cannot be procured (Giloth,2018).The technicians and co-workers whowould workfor the project would need to be providedwithaproper salary in order to motivate them with the project (Qin, 2016). Instability in the conditions of taxation and increase of interest rates would lead to severalkindofchanges towardstheproject.This might be a confusing factor towardstheproper execution of the project. to those kind of changes.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
10REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA 2.3 Recommendations towards the Project The risks that might approach towards the project would be able to lead to several problems based on measuring the success criteria for the project. The different risks that have been discussed within the report should be taken on a high priority basis and thus several recommendation strategies should be taken into consideration. The different recommendations, which could support the project are: Identify the risks or issues– The concerned team that would be involved within the project should be able to conduct different risk assessments over the discussed risk of the project. The discussion in this report focuses over the financial risks, technical risks, economical risks andrisksduringtheconstructionperiod.Theprojectmanagerwouldholdthemajor responsibility of gathering sufficient requirements and thus make proper analysis over the systems. Each of the technical details of the project would be taken into consideration. Different surveys could be conducted and thus the critical aspects of the project should be discussed properly. Development of an Action Plan– After the proper identification of risks, the project manager and the management team at the organization would decide on the best kind of factors that could be applied to the organisational strategies. The action plan would also include the basic details in relation to the technical design of the project, the financial analysis over the project. The managerial team at the organisation would also design such kind of helpful strategies that would help them in taking proper action against the scenarios of risks. Approval of the Action Plan– After the design of the action plan has been confirmed and made, the managerial team at the organisation should review over the entire plan. They
11REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA should thus approve the action plan and thus help the team to train the workers in working over the scenario. The financial risks involved within the project could be discussed between the project manager and the project sponsor. They should also have a formal meeting with the steering committee at NSW Government and Momentum Trains. These kind of meetings would thus be ensuring that the work of the project would be progressing in a safe manner. The need of proper resources within the project should also be analysed properly. The project manager and the other stakeholders involved within the team should take the sole responsibility on taking care for the need of resources within the project. The consideration of each of the issues involved within the project should be highly considered and thus the best possible measures would be taken for mitigating the involved risks within the project. 3. Conclusion Based on the discussed conclusions drawn from the report, it can be concluded that the described risks should be discussed properly. The risks should be highly measured and the likelihood and the impacts of the risks would be measured. The different risks that have been identified are based on financial instability, economic crisis, technical risks and also the risks during the construction period. The risks that are defined within the report are highly crucial and thus should be removed on an urgent basis. The risks that are highly crucial should be taken into high consideration and thus the different people at the management level should take proper measures in order to mitigate the risk scenarios. The discussion over the implementation of new fleet of trains would be considered to be highly important. These new fleet of trains would be helpful for improving the comfort of the passengers. Hence, the concern over the risk scenarios should be taken into consideration in order to improve the scenario of risks.
12REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA In this report the different risks have been defined and the implications have been defined. The discussion over the implications from the risks have been discussed within the report. The discussion also puts emphasis over the best kind of measures that could be implemented within each of the risks. Based on a proper analysis over the situations of risks, a risk management plan have been discussed within the report. This form of risk management plan ensures that each of the risk situations should be properly analysed and thus the best form of measures should be implied by the management team of NSW Government and Momentum Trains. The implementation of the risk management plan would discuss about the positive and negative risks that have been implied over the risks of the project. Based on the argument over the scenarios of the risks, the different plans for the improvement over the risk scenarios have been discussed within the report. The discussion over the report also helps in the identification of possible risk situations. With the understanding over the scenarios of risks, the proper kind of recommendations have been made within the report, which would lead the company to avoid or mitigate such kind of situations.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
13REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA References Abrahamsson, P., Salo, O., Ronkainen, J., & Warsta, J. (2017). Agile software development methods: Review and analysis.arXiv preprint arXiv:1709.08439. Albert, A., Hallowell, M. R., Kleiner, B., Chen, A., & Golparvar-Fard, M. (2014). Enhancing constructionhazardrecognitionwithhigh-fidelityaugmentedvirtuality.Journalof Construction Engineering and Management,140(7), 04014024. Chen, E., & Tarko, A. P. (2014). Modeling safety of highway work zones with random parameters and random effects models.Analytic methods in accident research,1, 86-95. Giloth, R. (2018). Jobs and economic development.Advancing Equity Planning Now,149. Huston,S.,Rahimzad,R.,&Parsa,A.(2015).‘Smart’sustainableurbanregeneration: Institutions, quality and financial innovation.Cities,48, 66-75. Islam, S., Mouratidis, H., & Weippl, E. R. (2014). An empirical study on the implementation and evaluation of a goal-driven software development risk management model.Information and Software Technology,56(2), 117-133. Kerzner, H., & Kerzner, H. R. (2017).Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons. Kreimeier, D., Morlock, F., Prinz, C., Krückhans, B., Bakir, D. C., & Meier, H. (2014). Holistic learning factories–A concept to train lean management, resource efficiency as well as management and organization improvement skills.Procedia CIRP,17, 184-188.
14REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA Linnerooth-Bayer, J., & Mechler, R. (2015). Insurance for assisting adaptation to climate change in developing countries: a proposed strategy. InClimate Change and Insurance(pp. 29- 44). Routledge. Liu,Y.,VanNederveen,S.,&Hertogh,M.(2017).UnderstandingeffectsofBIMon collaborativedesignandconstruction:AnempiricalstudyinChina.International Journal of Project Management,35(4), 686-698. Mander, J. (Ed.). (2014).The case against the global economy: and for a turn towards localization. Routledge. Milosevic, D. Z., & Martinelli, R. J. (2016).Project management toolbox: tools and techniques for the practicing project manager. John Wiley & Sons. NewIntercityFleet|TransportforNSW.(2019).Retrievedfrom https://www.transport.nsw.gov.au/projects/current-projects/new-intercity-fleet Pauw, W. P. (2015). Not a panacea: private-sector engagement in adaptation and adaptation finance in developing countries.Climate Policy,15(5), 583-603. Project Management Institute. (2017a). A guide to the project management body ofknowledge (PMBOK guide). (6th ed.). Newton Square, PA: Project Management Institute. Qin, Y. (2016). China's transport infrastructure investment: Past, present, and future.Asian Economic Policy Review,11(2), 199-217. RegionalRail|TransportforNSW.(2019).Retrievedfrom https://www.transport.nsw.gov.au/projects/current-projects/regional-rail
15REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA Rentzos, L., Doukas, M., Mavrikios, D., Mourtzis, D., & Chryssolouris, G. (2014). Integrating manufacturing education with industrial practice using teaching factory paradigm: A construction equipment application.Procedia CiRP,17, 189-194. Rowlinson, S., YunyanJia, A., Li, B., & ChuanjingJu, C. (2014). Management of climatic heat stressriskinconstruction:areviewofpractices,methodologies,andfuture research.Accident Analysis & Prevention,66, 187-198. Smith, N. J., Merna, T., & Jobling, P. (2014).Managing risk in construction projects. John Wiley & Sons. Takey, S. M., & de Carvalho, M. M. (2015). Competency mapping in project management: An action research study in an engineering company.International Journal of Project Management,33(4), 784-796. Verner, J. M., Brereton, O. P., Kitchenham, B. A., Turner, M., & Niazi, M. (2014). Risks and riskmitigationinglobalsoftwaredevelopment:Atertiarystudy.Informationand Software Technology,56(1), 54-78. Yeung, H. W. C. (2017). The political economy of transnational corporations: a study of the regionalization of Singaporean firms. InSingapore(pp. 57-84). Routledge. Young, T. L. (2016).Successful project management. Kogan Page Publishers.