Risk Management in Engineering: A Case Study of Sydney Opera House

Running head: RISK MANAGEMENT IN ENGINEERING
Risk Management in Engineering
Name of the Student
Name of the University
Author Note:

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RISK MANAGEMENT IN ENGINEERING
Table of Contents
Introduction:....................................................................................................................................3
Stakeholder analysis:...................................................................................................................3
Literature Review:.......................................................................................................................4
System boundaries:......................................................................................................................5
Risk identification:...................................................................................................................5
Risk analysis:...........................................................................................................................5
Risk Evaluation:.......................................................................................................................6
Risk treatment:.........................................................................................................................6
Risk communication:...............................................................................................................7
Risk Monitoring:......................................................................................................................7
Methods for risk assessment:.......................................................................................................8
Australian standard AS/NZS ISO 31000.................................................................................8
Standard AS/NZS HB: 436......................................................................................................9
Application of risk assessment techniques using SA/SNZ HB 89........................................10
Tolerability of Risk:...................................................................................................................10
Risk management tools:.............................................................................................................12
Conclusion:....................................................................................................................................13
Reference:......................................................................................................................................14

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Introduction:
The main method for the successful achievement of the task is the overcoming of the
risks that may arise. There are a number of various types of risks that may arise in the various
field. The proper risk management is required from the large organizations to a small start- up in
order for the proper functioning. The risk may consist of the various factors. The use of the risk
management is necessary for the overcoming of these risks. The use of the various tools may be
made for the proper management of the risk. The risk may be of the various forms such as
internal or external [12].
The report presents the case study of the risk assessment in the high- rise buildings. The
case study of the Sydney Opera House has been chosen. The choice of the Sydney Opera house
has been made due to the existence of the various risks that is present in the Sydney Opera
House. The Sydney opera house exists in the heart of Australia that is Sydney. The Sydney
Opera House is responsible for the holding of the various concerts and the various other
functions. There are a large number of vulnerabilities that are involved in the Sydney Opera
House. The proper risk management is necessary for the solving of the various problems.
Stakeholder analysis:
The stakeholder analysis involves the choosing of the correct form of project in which the
investment has to be made. The analysis of the stakeholder helps in the making of the various
important decisions. In this case the stakeholder analysis has to be made for the choosing the
areas of improvement in the Sydney Opera house. The use of the stakeholder analysis will help
in contributing towards knowing the areas in which the investment has to be made for the
improvement of the status of the Sydney opera house. The Sydney Opera house have a large

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RISK MANAGEMENT IN ENGINEERING
number of vulnerabilities such as the sound and the space. These vulnerabilities can be identified
by the use of the stakeholder analysis and can be solved accordingly.
Literature Review:
The literature review presents the case of the Sydney Opera house and the various threats
and risk that the Sydney Opera house may face. The proper management of these risks is
mandatory in order to maintain the large intake of the people and maintain the reputation.
The design of the Sydney opera house is not well designed. The structure of the Sydney
Opera house may appear alluring from the outside. However, the structure of the Sydney Opera
house is not as it was planned. This discrepancy occurs due to the variation of the design and the
actual implementation of the structure [5]. Due to the improper implementation of the design
there have been cracks that have been seen in the Sydney Opera House. The proper structure
could not be implemented in a proper way as the design was not made in a proper manner.
The dissatisfaction of the requirement of the people can also pose a risk for the Sydney
opera House. The Sydney Opera house does not satisfy the requirement of the people. The
people go to the Sydney Opera house for the providing of the better experience in concerts.
However, the sound quality of the Opera house is falling and in the recent times the sound
quality is not enough to provide the satisfaction to the people. Thus, this is another risk that
needs to be addressed.
The Opera house has a smaller stage and is not enough space for the performance of the
performers. The performers in the Sydney Opera house does not have a good experience while
performing [14]. The various performers have reported that the collision has taken place among
the performers while performing. This is another risk that needs to be addressed in order to