Risk Analysis and Mitigation Project

Running head: RISK ANALYSIS AND MITIGATION PROJECT
Risk Analysis and Mitigation Project
North East Link Melbourne
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1RISK ANALYSIS AND MITIGATION PROJECT
Table of Contents
PART A: PROJECT OVERVIEW........................................................................................2
1. OVERALL BUDGET..............................................................................................................2
2. SOCIAL AND ECONOMIC RATIONALE.................................................................................2
3. KEY STATISTICS.................................................................................................................3
4. FUNDING MECHANISM........................................................................................................6
5. STAKEHOLDER IDENTIFICATION.........................................................................................6
PART B: RISK ANALYSIS....................................................................................................7
PART C: RISK MITIGATION PLAN..................................................................................9
REFERENCES.......................................................................................................................12

2RISK ANALYSIS AND MITIGATION PROJECT
Part A: Project Overview
1. Overall Budget
Particulars Units Rate Cost
Human Resource
Engineer 1 $ 22,500.00 $ 22,500.00
Designer 2 $ 12,000.00 $ 24,000.00
Developer 2 $ 12,500.00 $ 25,000.00
Contractor 5 $ 20,000.00 $ 1,00,000.00
Workers 50 $ 5,000.00 $ 2,50,000.00
Planner 1 $ 8,500.00 $ 8,500.00
Budgeter 1 $ 9,200.00 $ 9,200.00
Documenter 1 $ 8,100.00 $ 8,100.00
Project manager 1 $ 27,700.00 $ 27,700.00
Sub Total $ 4,75,000.00
Materials
Construction Materials 15 $ 5,000.00 $ 75,000.00
Equipment Rent 6 $ 4,000.00 $ 24,000.00
Rails 150 $ 400.00 $ 60,000.00
System 3 $ 15,000.00 $ 45,000.00
Communication System 2 $ 10,250.00 $ 20,500.00
Safety Equipment 15 $ 700.00 $ 10,500.00
Sub Total $ 2,35,000.00
Total $ 7,10,000.00
2. Social and Economic Rationale
The social and economic rationale for the project is given below,
 The project would involve the use of the construction and technology innovation for
constructing the linkage of roads and freeways/busway for the linking north and
eastern (Kerzner, 2018).
 Socially the project would allow the constructing of the communication medium for
the Melbourne link connection
 40% of the communication would become faster with the help of the effective
development of the information (Fleming and Koppelman, 2016).
 Launching of the network would be marked for enduring the management of the
information

3RISK ANALYSIS AND MITIGATION PROJECT
 Doncaster busway would be connected also with the help of the project
 The project had been scheduled for the budget of AUD 710,000.00
3. Key Statistics
Scope and Size:
The project scope would include the use of construction project management for enduring the
management of the facilities. The overall project construction is very large and it would
require the implication of effective work development (Welch, Ismail and Masarip, 2018).
The large scale construction of roads and freeways / busway for linking northern and eastern
communication medium in the Melbourne is undertaken. 40% of the communication will
become faster with the help of the effective development of the linkage of the Melbourne
Network (Reim, Parida and Sjödin, 2016). Doncaster busway will also be connected with the
help of this project.
Budget and Estimated Costs
Particulars Units Rate Cost
Human
Engineer 1 $ 22,500.00 $ 22,500.00
Designer 2 $ 12,000.00 $ 24,000.00
Developer 2 $ 12,500.00 $ 25,000.00
Contractor 5 $ 20,000.00 $ 1,00,000.00
Workers 50 $ 5,000.00 $ 2,50,000.00
Planner 1 $ 8,500.00 $ 8,500.00
Budgeter 1 $ 9,200.00 $ 9,200.00
Documenter 1 $ 8,100.00 $ 8,100.00
Project manager 1 $ 27,700.00 $ 27,700.00
Sub Total $ 4,75,000.00
Materials
Construction Materials 15 $ 5,000.00 $ 75,000.00
Equipment Rent 6 $ 4,000.00 $ 24,000.00
Road/Freeway 150 $ 400.00 $ 60,000.00
System 3 $ 15,000.00 $ 45,000.00
Communication System 2 $ 10,250.00 $ 20,500.00
Safety Equipment 15 $ 700.00 $ 10,500.00
Sub Total $ 2,35,000.00
Total $ 7,10,000.00