Risk Assessment Analysis

Running head: RISK ASSESSMENT ANALYSIS
Risk Assessment Analysis
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1RISK ASSESSMENT ANALYSIS
Table of Contents
1. Introduction............................................................................................................................2
2. Project Objectives..................................................................................................................2
3. Background of the project......................................................................................................3
4. Literature Review...................................................................................................................3
4.1 Identifying the Project Risk Management........................................................................3
4.2 Identifying Risks according to the industry.....................................................................4
4.2 Mitigation techniques for the risks...................................................................................9
5. Feasibility of the project.......................................................................................................10
6. Conclusion............................................................................................................................10
7. References............................................................................................................................12

2RISK ASSESSMENT ANALYSIS
1. Introduction
The principal aspect of this assignment is to focus on the Regional Rail Fleet Project
of the NSW Government. This undertaken project is carried out by the NSW Government,
which deals with the replacement of the ageing NSW regional rail fleet. This project takes
into consideration of the replacement of the rails that are up to 36 years old (Mikaeil et al.,
2016). This project is said to put a positive and strong effect on the innovation of the railway
fleet replacement. The proposed project will be an enhanced system of infrastructure
development in the strategic field of the regional railway fleet management. The aim of this
project is to enhance the facilities that are to be provided by the NSW Government to its
customers. The NSW is looking forward to bring an innovation the infrastructure of their
railway systems that sought to be beneficial for the customers (Profillidis, 2016). The key
facility that the Government is trying to provide to its customers is that the rail will facilitate
the customers by improved safety, accessibility, comfort as well as reliability. This facilities
assures the customers with the ease to travel from Sydney to other parts of the NSW.
2. Project Objectives
The objectives of the project is to put a focus on the below stated factors:
 The design of the rail compartments will be made much more comfortable as well as
many functional implementations are to be made for providing better facilities to the
customers (Hwang, Zhao & Yu, 2016). This may include reversible seats, spacious
car bogies, overhead storage for luggage and many more.
 Each trains are to be provided with accessible toilets so that the customers are to be
provided with better facilities (Forsell et al., 2017). The compartments of the trains
are to be enhanced with wider doors, seating priority as well as maximum help or
safety points are to be implemented.

3RISK ASSESSMENT ANALYSIS
 The automated door technology are also to be implemented for the stations that have
short platforms and modern equipment such as enhanced audio video CCTV camera
implementation are some of the new ideas that the NSW is trying to implement.
 The charging ports for laptops, mobiles as well as other electronic devices are to be
provided in each of the bogies of the trains (Dinmohammadi et al., 2016).
 The NSW is also looking forward to implement some tray tables that can be used to
keep laptops and spacious pockets are to be built so that the customers can keep their
luggage in an organized manner (Naish, Fleet & Arumugam, 2017).
3. Background of the project
The increase in the population of Australia mainly affects the migration of the
population in the fields of study as well as for jobs. For this reason the current transport
system also needs a transformation for the commuters to avail their schools, colleges as well
as offices. With the increase rate of commuters, it was not sufficient for the present transport
system to facilitate the passengers (Assadipour, Ke & Verma, 2015). Thus to cope with the
present transport system the NSW is trying to introduce intra as well as intercity rail transport
facilities to cope with the present traffic blockages in the roads of Australia. This will also
provide the commuters with enhanced transit system with the railway management project.
4. Literature Review
4.1 Identifying the Project Risk Management
According to Andrzejczak, Młyńczak & Selech (2017), a project irrespective of its
field has an integral part that is risk. The risk associated with every project is different and it
is mandatory to mitigate them for the smooth functioning of the project (Cole, 2017).
However, it is necessary to have a proper effective framework within the project so that the
risk can be identified easily and mitigated in a real time basis. In the perspective of the NSW