Risk Assessment of Regional Rail Fleet (NSW): Analysis, Recommendations, and Safety Improvements

Running head: RISK ASSESSMENT
Risk Assessment of Regional Rail Fleet (NSW)
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1RISK ASSESSMENT
Table of Contents
Table of Figures...............................................................................................................................2
1. Introduction..................................................................................................................................3
1.1 Background............................................................................................................................3
1.2 Purpose of the research..........................................................................................................3
1.3 Scope of the project...............................................................................................................4
2. Research Framework...................................................................................................................4
2. Literature Review........................................................................................................................5
2.1 Possible Risk Treatments.......................................................................................................5
2.2 Risk Management Plan of Project Management...................................................................7
2.3 Reviewing the Regional Rail Fleet Report and Identify Possible Risks.............................10
2.3 Recommendations................................................................................................................14
3. Conclusion.................................................................................................................................14
References......................................................................................................................................15

2RISK ASSESSMENT
Table of Figures
Figure 1: Risk Analysis Matrix........................................................................................................7
Figure 2: Factors of Risk associated in Regional Rail Fleet Project...............................................9
Figure 3: Impact of Risks on the project.......................................................................................11
Figure 4: Showing Feasibility Study of the Project.......................................................................13

3RISK ASSESSMENT
1. Introduction
1.1 Background
The case study of the Regional Rail Fleet is analyzed in this project that replaces the
trains that are 36 years old. The project describes the maintenance of the training facility that is
to be built in Dubbo (Transport.nsw.gov.au., 2019). This will help to stimulate the economy of a
region as well as help to create job opportunities as well as skills involved in the project. The
report of the rail fleet will help to improve the safety, accessibility, reliability as well as comfort
of the trains (Cases & Viewer, 2019). The main aim of the project is to design more comfortable
trains as well as functions in terms of reversible seating, spacious buffet cars and many more.
The government of NSW has given the contract to Momentum Trains for delivering the Rail
Fleet project. The contract that is given includes financing of the project, designing of the
project, building as well as maintaining the rail fleet. The main purpose of the rail fleet is
providing safety, accessibility as well as comfort to the passengers of NSW.
1.2 Purpose of the research
The need for the project is to involve a new fleet of trains running within the cities is
needed to come into service in the last 2019. The project will help the customer to travel from
Sydney to the Central Coast, the Blue Mountains, Newcastle and South Coast (Cases & Viewer,
2019). The replacement needed for the Regional Rail fleet project mainly includes designing,
building maintenance, as well as financing the new fleet of trains and new facility maintenance is
to be constructed in Dubbo.
The project of the new rail fleet is required for the government to replace the aged
regional rail fleet in NSW. The new trains will provide safety, accessibility, reliability, and