Risk Analysis in Modernization and Replacement of WA Trains

Running Head: RISK ANALYSIS 1
Risk Analysis
Students Name
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RISK ANALYSIS 2
Contents
RISK ANALYSIS...........................................................................................................................3
Introduction......................................................................................................................................3
Risks................................................................................................................................................4
Risk analysis................................................................................................................................4
Identified risks.........................................................................................................................6
Identification of hazards..........................................................................................................6
Risk mitigation.........................................................................................................................7
Environmental risk.......................................................................................................................7
Mitigation................................................................................................................................7
Recommendations............................................................................................................................8
Use of elaborate road signs and public sensitization...................................................................8
Outline regulations that guide environmental pollution..............................................................8
Conclusion.......................................................................................................................................8

RISK ANALYSIS 3
Introduction
Railway transport is always viewed as a mechanism that can spur economic and social
growth in a country. Establishing a new railway line or improving the existing one is always a
step towards achieving this growth. Replacement of the WA trains is a step towards achieving
the goal. It is important given the role railway transport plays in the economic development in
Australia. The government has introduced numerous legislations that will enable a more efficient
railway network is established in the country. However, there are potential risks that can be faced
due to the current technological developments, (Infrastructure.gov.au, 2019. This paper will
discuss the possible risks assessed in the modernization and replacement of the WA trains that
will serve the whole country.
Risks
Risks are an expansive subject that many scholars have developed interests in its
definition based on various subjects. According to Dindar, Kaewunruen, and An, (2019), a risk is
an injury or loss that is as a result of exposure to hazardous conditions. Quantitatively, risk can
be defined in relation to the danger that can potentially lead to adverse results.
Risk analysis
Risk analysis involves the general estimation of the number of times an accidental event
can occur and the probable outcome. The estimation can be achieved based on the previous data
about accidents that occurred, the expert’s opinion or from the fault tree analysis. Analysis of the