Risk Management Plan for UTS Crane Fire Incident

Running head: RISK MANAGEMENT
RISK MANAGEMENT
Name of the Student
Name of the University
Author Note:

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RISK MANAGEMENT
EXECUTIVE SUMMARY
The plan which is related to the concept of the report can be stated to be
concentrated on the domain of the UTS crane fire. It can be direct based on the case study
of the UST which can caught fire which directly lead to different factors of loss even
relating to monitory loss. The plan which is linked to the concept of the operation can be
considered to be very much crucial which can be seen in the sector of the mitigation of the
risk factor. The main concern area which is related to the concept is linked to the
identification of the risk factor and how the risk factor would be mitigated and the planning
which can be done in the sector of the working of the project.

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Table of Contents
EXECUTIVE SUMMARY....................................................................................................2
1 Introduction.........................................................................................................................6
1.1 Project information.......................................................................................................6
1.2 Project scope................................................................................................................7
1.3 Project objectives.........................................................................................................8
1.4 Risk management process............................................................................................8
2. Communication and consultant plan................................................................................10
2.1 Main objective............................................................................................................11
2.2 Stakeholder analysis...................................................................................................11
3. Establishing context.........................................................................................................13
3.1 Internal context...........................................................................................................13
3.2 External context..........................................................................................................14
3.3 Risk management context..........................................................................................15
3.4 Stakeholders...............................................................................................................15
3.5 Roles and Responsibility............................................................................................15
3.6 Risk management policy............................................................................................16
4. Risk assessment process...................................................................................................16
4.1 Risk identification......................................................................................................16
4.2 Risk scope..................................................................................................................17
4.3 Risk register...............................................................................................................17

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4.4 Risk analysis...............................................................................................................17
4.5 Risk criteria................................................................................................................17
4.6 Existing risk control...................................................................................................19
4.7 Risk acceptance criteria..............................................................................................20
4.8 Risk evaluation...........................................................................................................20
4.9 Evaluation method.....................................................................................................20
4.10 Key risk for treatment..............................................................................................21
5. Risk treatment..................................................................................................................21
5.1 Problem treatment option...........................................................................................21
5.2 Effective treatment option..........................................................................................21
6. Risk monitoring and review.............................................................................................22
6.1 Process........................................................................................................................22
6.2 Risk closure................................................................................................................23
References............................................................................................................................24
Appendix..............................................................................................................................25
Appendix A: Risk Identification Checklist......................................................................25
Appendix B: Risk Register...............................................................................................26
Appendix C: Failure Mode Effects Analysis (FMEA).....................................................28

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Table of Figures:
Figure 1: Risk Management Process..............................................................................8
Figure 2: Power-Interest Grid of UTS Crane Fire.........................................................9
Figure 3: Qualitative Risk Assessment Matrix............................................................14
Figure 4: Description of Risk Levels...........................................................................15
Figure 5: The ALARP Principle..................................................................................16
Table of Tables:
Table 1: Stakeholders....................................................................................................12
Table 2: Roles and Responsibilities..............................................................................12
Table 3: Monitoring schedule.......................................................................................19

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1 Introduction
The concept which is related to the risk management can be considered as an
attribute which is very much essential. The main reason for the statement is due to the
factor that project management can be directly be associated with the different factor of
risk. The risk factor if not managed properly can directly lead the project to the factor of
failure that can involve losses and accidents. Taking into focus the different constraint it
can be stated that the role of the manager in the context is very much crucial to evaluate the
risk factor which can be associated with the project and he is entitled to take necessary
steps so that mitigation of the risk factor can be done. The plan which is related to the
objective of risk management can be directly be achieved through a planning which
indulge how the risk factor can be mitigated.
The main focus point of the report is to take into consideration detail retrospective
plan of risk management for previous events which have occurred at the university of the
technology Sydney (UTS). The main sector which the risk management plan would be
emphasizing would be the contractors, engineers, manager of risk and other parties which
are directly related to the different operation of handling the cranes. In this sector it can be
stated that the UTS crane fire acts of incidence as a case study in the context of the
limitations, context, objective and scope of the plan relating to the risk management.
1.1 Project information
The case study which is related to the UTS crane fire is one of the events were risk
management was not taken into focus. This is mainly taken into consideration focusing the
review of one of the structural engineers which was very much sentimental. The engineer
in the context had got a directly opportunity which is related to the evaluation of the
projects just two weeks prior to the accident took place and he stated that a disaster would