Regional Rail Fleet (NSW) – Recommendations for WA
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The report discusses about the different kind of imminent risks that could approach to the project based on the development of new trains. The project is concerned for the development of new trains that would be helpful for the NSW Government.
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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
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1REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA Executive Summary The report discusses about the different kind of imminent risks that could approach to the project based on the development of new trains. The project is concerned for the development of new trains that would be helpful for the NSW Government. The responsibility for the project has been undertaken by Momentum Trains and they are designing the entire project. The report discusses about the various forms of risks, the response elements and the risk management plan that needs to approached for mitigating the risks. The report also discusses about the recommendations that should be implemented within the project for helping the project to mitigate the risk scenarios and thus generate profits for the organisation.
2REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA Table of Contents 1. Introduction..................................................................................................................................2 2. Discussion....................................................................................................................................2 2.1 Possible Risk Treatments/Response Elements......................................................................2 2.2 Risk Management Plan..........................................................................................................5 2.3 Recommendations regarding the project...............................................................................8 3. Conclusion.................................................................................................................................10 References......................................................................................................................................11
3REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA 1. Introduction In this paper, the main topic of study is based on the NSW regional fleet development documents are studied. From the analysis over the case study, it has been seen that the NSW government has initiated a project based on replacing the ageing NSW regional fleet that was based on XPLORER, XPT and Endeavour trains. The current trains that are facilitated are mostly 36 years old.The NSW Government is on the process of creating a new train maintenance facility, which would be built in Dubbo in order to stimulate the regional economy and thus help in creating infrastructure for the purpose of creating new job skills and opportunities (Regional Rail Transport for NSW, 2019). With the facilitation of new trains for the area, it has been estimated that the new trains would help in improving the comfort, accessibility, reliability and safety of the customers who would travel from Sydney to different other regional countries in NSW, Melbourne, Brisbane and Canberra. In order to develop the project based on Regional Rail Fleet, the NSW Government has majorly delivered the contract to Momentum Trains. The contract mainly includes different aspects of the project such as designing a plan, building, maintaining and thus also operate the new purpose of fleet maintenance facility in Dubbo region (New Intercity Fleet Transport for NSW, 2019). The initiation of the project would begin from 2019 and the initial fleet of trains would be expected to run by the year 2023. The full fleet of trains would initiate their service in a progressive manner.
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4REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA 2. Discussion 2.1 Possible Risk Treatments/Response Elements The risks that could approach towards the project are based on technical risks, financial risks, political instability, manpower or human resources, risks during construction period, risks during operation period and natural hazards. The possible risk treatment or response elements that could be applicable to the project are: Risk Response Strategies RisksRisk StatementRisk Response Technical designof the project There could be some form of problems in the survey file or the project plan file that could lead to perform of rework within the aspects of technical design of the project. Mitigate:In order to mitigate the risks, the design of the project plan should be highlyaccurateandcomplete(Reich, Gemino&Sauer,2014).Additional surveysshouldalsobeconductedin order to gain a perfect idea of the project. The technical designers of the project might not be efficient with the use of software used within the project. Avoid:Themakingofdesignor planning for changes should be done in order to help in designing of the project (Smith,Merna&Jobling,2014). Efficientsoftwareshouldbeusedin whichtheywouldbecompatiblefor designing the project plan. Financial Risks The NSW Government might not fund the project in an advanced manner. The sponsor of the project might pay the payment for the entire project in certain installments (Daniel, Ward&Franken,2014).Thiskindof facilitationofpaymentsmightnotbe acceptablebytheprojectmanagerat Momentum Trains. Mitigate:The plan for the development of the project should be finalized before thestartoftheproject.Extra assumptions should be made about the changes that could be made within the project. The assumption of extra funds fortheprojectwouldhelpinproper development of the project performance. There might be certain escalation of costsMitigate:Duringtheprogressofthe
5REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA that would be incurred within the project during the design of the project (Carbonara et al., 2015). After the project has initiated, there might be some areas in which the costs could escalate such as the increase of costs of materials or other budgetary changes. project, the project manager should have adiscussionwiththeprojectsponsor about the intrinsic details that would be included within the project. Risks during the Operational Period There might be certain risks based on the dangerofimpactsfromtheproject.The impacts based on the certain kind of changes that would be made within a project might be large (Dindar, Kaewunruen & An, 2018). This might negatively impact towards the development of the project. Mitigate:The project manager should define such kind of strategies that would be taken for reducing or mitigating the negative impacts from the made changes withintheproject.Suchkindof situations as controlling the impacts from the increase of the costs incurred within the project could be controlled by the project manager within the project. There could be some kind of deficiency in the measures taken during ecological risks. During the development of the project, there mightbeseveralkindofecological imbalances within the project. Avoid:Theprojectmanagershould conduct a risk assessment based on the ecological disturbances that could impact the project (Guo et al., 2014). Based on gainingaknowledgeaboutthe ecological imbalances within the project, the project manager should develop a planforavoidingtheuseofsuch resources, which could negatively impact theprojectandcauseanecological instability for the project. Risks during Constructio n Period The risks could be based on the fact that there might be interruption in power for the project. The supply of power for the project might be interrupted due to several reasons such as the lack of proper negotiation with the Electric Supply Board at NSW. Mitigate:Therisksbasedon interruption in power supply could be mitigatedbysigninganegotiation contract with the Electric Supply Board, whowouldthenberesponsiblefor supplyinguninterruptedpower for the development of the project. There might not be a proper infrastructure basedonremovingtheplanfor contamination of water supply (Davies et al., 2014). The contamination of water supply would occur due to the waste that will be extracted from the construction activities. Mitigate:The risks based on reducing thecontaminationofwatercouldbe reduced by using proper resources for reducing the contamination of water that wouldbeloggingduetoimproper drainagefunctionalitieswithinthe project (Wu, Fang & Li, 2015).
6REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA
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7REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA 2.2 Risk Management Plan The development of the risk management plan that would be included within the project would also help in identifying the positive and negative risks that might be affecting the project. RisksImplicationsRisk TypeRisk LevelImpactMitigation/Contingency The initiationof theproject doesnot startfrom the scheduled project date 1. Lead to delay in the work of the project. Delay in starting of the project would lead to delay inthefinishoftheproject (Hamzaoui et al., 2015). 2. Late finish of the completion oftheprojectcouldleadto damagetothereputationfor MomentumTrainsandthis might affect the future projects that they would handle. NegativeHighHighThe project manager and the consultant team should properly estimate the scenarios of the initiation of the project.Theyshouldbethusresponsiblefor arranging the materials that would be needed for the development of train coaches (Adam, Josephson & Lindahl, 2015). They should also gather the resources requiredandthusinitiatetheprojectwork.This wouldthusensurethattheprojectiscompleted within the estimated time period and thus might lead to delay in service delivery. Risks during the developmen tand construction period 1.Thelackofproperpower supplywouldleadto complications in making use of technicalservicesduringthe development period. 2. The lack of a proper drainage systemwouldleadto contaminationofwaterinthe workshopwherethecoaches wouldbedesigned(Rumane, 2017).Thiscouldleadto NegativeMediumMediumThe management team at Momentum Trains should contact the Electric Supply Department in order to handle the issues that are faced in the management of electricsupply.Anegotiationcontractshouldbe signed with the departmental head of the Electric Supply Board, which would ensure that there would beanuninterruptedsupplyofpowerduringthe project development phase. Theworkshopinwhichthedevelopmentofthe railway coaches would be done should have a proper infrastructure (Hirschman, 2014). This would ensure
8REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA stoppage of work of the project.that there is no contamination of water that would be extracted during the construction of the project. Financial Risks in the Project 1. The payment for the project in an instalment phase would lead to proper execution of the phases of the project (Ebrat & Ghodsi, 2014). The payment would be doneafterthecompletionof each of the phase of the project. 2. The costs within the project mightgetescalateddueto increase in the costs for each of the resources of the project. This would lead to fluctuation in the estimation for the costs of the project. PositiveMediumMediumEnsuring that the payment for the project to be done in an instalment phase, it would result that the project would be completed in a phased wised manner. The initiation of each of the stages of the project would initiateafteracertainpaymenthasbeenmade (Ayyub, 2014). This would ensure the successful payment to each of the staff members of the project. The costs within the project might be escalated due to increase in the costs of certain specific resources required in the project. These inflated costs should be takeninto accountandthusthe projectmanager should plan the revised financial plan (Takey & de Carvalho, 2015). This plan would be presented to the project sponsor in order to sanction the payments that would be done during procuring of the project. The project manager should maintain a regular form of communication with the project sponsor and thus give them with the regular kind of updates about the changingscenariosinrelationtocostthatare affecting the project (Milosevic & Martinelli, 2016). This would help them in gaining knowledge about the present scenario of the project and thus they think of proper strategies in order to revise on the planning of the project. Risks during the 1.Theworkovertheproject mightincursomeimpacts, NegativeMediumLowTheprojectmanagershouldconductarisk assessment before the start of the project. A proper
9REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA operation period whichcouldleadtodanger during operations of the project (Furlongetal.,2017).These impacts might lead to dangers forthefutureworkoverthe project. 2. A lack of proper ecological measures for the project could lead to negative impacts for the project. strategy should be defined prior to start of the project (Ashworth & Perera, 2018). Based on the defined strategies, resources should be gathered in order to mitigate the negative impacts that have been affecting the project. The project manager should ensure that there are proper form of ecological measures that should be taken for development of the project.
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10REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA 2.3 Recommendations regarding the project Inordertomitigatetheapproachedriskstowardstheproject,thefollowing recommendations could be approached for the project are: Identification of the most possible options– After the evaluated risks have been identified, the project manager at Momentum Trains would take certain steps in order to decide on some strategies for the development of the project. The project manager should design some treatment and management options based on the selected risks. This would ensure a positive outcome for the project. These include: 1. The likelihood of the risks should be modified in order to increase the benefits towards the project. 2. The risks that are incurred for the project should be shared among other parties involved within the project. In certain situations where the approached risks could be resolved with the implication of extra resources, these resources should be implemented within the project. Development of an Action Plan– The treatment plans for the approached risks towards the train development project would be important to understand for the management of actions, making of time for mitigation and measuring of quality performances for the progress of the project. Each of the risks within the project such as financial, technical, operational and risks based on technical development of the project should be properly be discussed with the entire team of the project. The project manager should design a mitigation strategy for each of the risks within the project. The ranking of each of the risks should be determined and their likelihood of
11REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA impact over the project should also be measured. This would help in planning of the next step for improvement of the project. Approval for the Plan of Action– After the project manager has designed the mitigation plan, it should be approved by the project sponsor and other supervisors of the project. This would ensure the successful mitigation of the possible risks occurring within the project. As per the present case study, it has been discussed that the current project focuses on the financial risks, constructional risks, operational and technical risks. The project manager should ensure that the financial risks involved within the project should be discussed with each of the stakeholders involved within the project. Each of the costs allocated for resources within the project should be taken in full details and a revised financial plan should be planned. The risks during the constructional phase such as the interrupted power supply and the contamination of water at the workshop should be properly be taken care of. The management team at NSW Government should contact the Electric Supply Board and thus sign a negotiation contract in order to mitigate the situation. On the other hand, the contamination of water coming from extracted wastes of constructional activities could be removed by taking care of the maintenance work over the project. The conditions of the workshop should be improved further in order to enhance the infrastructure of work in the project. The discussed risks within the operational period such as the incoming risks based on impacts should be removed by the project manager. The project manager should also ensure that the best kind of ecological measures should be taken in order to reduce the negative impacts over the project.
12REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA The most important risk that should be mitigated from the project is based on the financial impacts that affect the project. The different financial risks that are incurable for the project is based on escalating costs of resources required within the project. Hence, the project manager should design the financial plan by taking care of each of the present cost of resources within the project. This would highly ensure the sustainability of the project and result in timely delivery of the project. 3. Conclusion Based on the discussions supported in the report, it could be concluded that the discussed risks that are occurring over the project should be mitigated at the possible earliest time. The risks that incur during the construction work over the project should be highly taken as a situation of priority. The priority should be set for the risks that incur for the project. Based on the setting of priority for each of the concerned risks within the project, the project managers should conduct an assessment and then plan for the best suitable action that would be taken for mitigating them. In this project, the NSW Government is in high need for the regional rail fleet project. They need to develop new trains that would provide some additional benefits for the passengers. Hence, they have given the responsibility to Momentum Trains who would be entirely be responsible for financing, designing, building and performing future maintenance work over the project. Hence, in order to ensure a proper project sustainability, the possible risks within the project should be mitigated. This would highly ensure the sustainability of the project and result in timely delivery of the project.
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13REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA References Adam, A., Josephson, P. E., & Lindahl, G. (2015). Implications of cost overruns and time delays onmajorpublicconstructionprojects.InProceedingsofthe19thInternational Symposium on Advancement of Construction Management and Real Estate(pp. 747-758). Springer, Berlin, Heidelberg. Ashworth,A.,&Perera,S.(2018).Contractualproceduresintheconstructionindustry. Routledge. Ayyub, B. M. (2014).Risk analysis in engineering and economics. Chapman and Hall/CRC. Carbonara, N., Costantino, N., Gunnigan, L., & Pellegrino, R. (2015). Risk management in motorway PPP projects: Empirical-based guidelines.Transport reviews,35(2), 162-182. Daniel, E. M., Ward, J. M., & Franken, A. (2014). A dynamic capabilities perspective of IS project portfolio management.The Journal of Strategic Information Systems,23(2), 95- 111. Davies, A., MacAulay, S., DeBarro, T., & Thurston, M. (2014). Making innovation happen in a megaproject:London'scrossrailsuburbanrailwaysystem.ProjectManagement Journal,45(6), 25-37. Dindar, S., Kaewunruen, S., & An, M. (2018). Identification of appropriate risk analysis techniques for railway turnout systems.Journal of Risk Research,21(8), 974-995. Ebrat, M., & Ghodsi, R. (2014). Construction project risk assessment by using adaptive-network- basedfuzzyinferencesystem:Anempiricalstudy.KSCEJournalofCivil Engineering,18(5), 1213-1227.
14REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA Furlong, C., De Silva, S., Gan, K., Guthrie, L., & Considine, R. (2017). Risk management, financial evaluation and funding for wastewater and stormwater reuse projects.Journal of environmental management,191, 83-95. Guo, F., Chang-Richards, Y., Wilkinson, S., & Li, T. C. (2014). Effects of project governance structures on the management of risks in major infrastructure projects: A comparative analysis.International Journal of Project Management,32(5), 815-826. Hamzaoui, F., Taillandier, F., Mehdizadeh, R., Breysse, D., & Allal, A. (2015). Evolutive Risk Breakdown Structure for managing construction project risks: application to a railway project in Algeria.European Journal of Environmental and Civil Engineering,19(2), 238-262. Hirschman, A. O. (2014).Development projects observed. Brookings Institution Press. 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 RegionalRail|TransportforNSW.(2019).Retrievedfrom https://www.transport.nsw.gov.au/projects/current-projects/regional-rail Reich,B.H.,Gemino,A.,&Sauer,C.(2014).Howknowledgemanagementimpacts performanceinprojects:Anempiricalstudy.InternationalJournalofProject Management,32(4), 590-602. Rumane, A. R. (2017).Quality management in construction projects. CRC Press.
15REGIONAL RAIL FLEET (NSW) – RECOMMENDATIONS FOR WA 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. Wu, C., Fang, D., & Li, N. (2015). Roles of owners' leadership in construction safety: the case of high-speed railway construction projects in China.International Journal of Project Management,33(8), 1665-1679.