Risk Management - Recommendation for WA

The report explains the effective factors that help in focusing while implementing the rail system between the regional centre and Perth in Western Australia. It addresses all the risks associated with the management of this plan and provides recommendations for better risk management.

Running head: RISK MANAGEMENT – RECOMMENDATION FOR WA
RISK MANAGEMENT – RECOMMENDATION FOR WA
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RISK MANAGEMENT – RECOMMENDATION FOR WA
Introduction
The purpose of this report is to explain the effective factors that helps in focusing
while implementing the rail system between the regional centre and Perth in Western
Australia. The proposed railway system will provide better benefits towards the government
rail system. The report will address all the risks associated with the management of this plan.
The developed rail system will ensure efficient way of working (Taylor, Bogdan & DeVault,
2015). The system will include wider space, high seta backs and proper tray tables. In
addition to this the new system also offers easy accessibility for disabled persons. The report
will discuss the feasibility of the project and the data collection part in detailed. The WA
government has planned a better way of organizing the railway plan. The second part
includes the risk management plan and the recommendation that will help in enhancing the
working of the rail system.
Part 1 data collection
The aim behind developing the new rail system is to ensure that proper transportation is
provided towards the passengers travelling between the railway station regional centres and Perth.
The project is undergone by sub parts and is being funded by Western Australian Government. The
expected budget for the new system is $146 m (Tupa, Simota & Steiner, 2017). thus it is important to
ensure that all requirements are fulfilled efficiently by addressing all the risks. There are several risks
associated with the project that are needed to be addressed before implementation of the project. The
data are collected from every members associated with the new rail system. People associated with
the plan also plays a crucial role, thus it becomes important to discuss the importance of new system
along with the customers. The feedbacks achieved from customers has an efficient role to play. The
proposed system gets approved and will be implemented when every major stakeholders and key
customers associated with the project approves it. The new system main requirement is to provide

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better facility towards the passengers and ensures better vision with mobility. In addition to this the
new system also includes better feature for newly born and aged people.
The aimed project includes a feasible rail system that will be approved by the government.
The aim behind developing the new rail system is to ensure that proper carriage is offered so that
proper transport can be implemented. Moreover the major stakeholders associated with the new
railway project are the customers, the railway department and the government. In addition to this
every passengers and staffs associated with the implementation needs to have a clear knowledge about
the management of the new system. The new system will ensure better facilities and quick services.
The new requirements for rail system is the need of proper system analyst ( Hillson & Murray-
Webster, 2017). This will help in analysing all the requirements and will allow proper maintenance.
After the requirements are analysed it becomes easy to develop a system properly. Apart from this the
system must have the capability of addressing the need of the passengers. Proper sensors are needed
to be installed within the trains so that it can detect any emergency condition. Apart from this every
train will have automatic door system based on sensors. The sensor will allow to detect every person
and will be operated once every passengers has entered the train. In addition to this it becomes
important to ensure that all the requirements of passengers are successfully meet.
Part 2- risks assessment
The main risks associated with the implementation of new rail system includes issues related
to social, political and financial concerns. This is important for Western Australian government to
ensure that all risks are mitigated at the time of implementation so that it does not create issues in
future. The risks implications associated with the rail has high impacts (Giannakis & Papadopoulos,
2016). There is a risk related to schedule as it becomes important to ensure that the project is
completed within the given schedule. The profits can be obtained if the project is completed with the
budget and schedule. Budget has also an important role to play. The risks are also related to budget
and design. In addition to this risks also arises when there is an improper communication. There are
also some risks associated with stakeholders. Different opinions can lead to risks as the chances of
conflicts increases. Apart from this there are chances of risks associated with transportation ( Ho et al.,

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2015). Transportation also plays an important role as this is an effective way of completing the
project. The technical risks that are associated with the implemented system has a critical place. This
has the potential of leading the project to failure. The chances of risks associated with project needs to
be mitigated as soon as possible so that it will reduce the impact.
Risk table
Sl. No. Risk/Vulnerabilities Description Likelihood Impact
1 Schedule Escalation This is used to describe the minimum
chances that is aligned with project. The
project needs to be finished within the time
so that it does not adds up to the cost.
3 5
2 Budget Escalation Budget associated with the project needs to
manage properly so that the system can be
developed within the provided budget.
4 5
3 Design Risk The design needs to be made in such a way
that it does not effects the performance of
the system. The urgent risks associated with
the rail system needs to be mitigated as soon
as possible.
3 4
4 Resource jump Every resource needs to be aligned in such a
way that there does not occurs any resource
gap (Kerzner & Kerzner, 2017). The new
rail system should ensure that all resources
are included within the budget.
4 4
5 Improper
communication
Improper communication needs to be
avoided so that proper communication can
be implemented within the system.
3 5
6 Stakeholder Conflicts It is observed that risks comes along with
the difference in opinions of conflicts
(Schwalbe, 2015). Thus it is important to
ensure that proper communication is
performed between the stakeholders for
avoiding such conflicts.
2 2
7 Resource
displacements
This resource getting displaced as all the
resources are being adjusted as per the
instruction of the government.
3 3
8 Improper estimation Improper estimation has the capability to
effect the whole project. This can also leads
to create an impact on the new rail system
plan.
2 5
9 Technical risk Technical issues are related to installment of
new features. This features needs to be
mitigated effectively. The chances and
impact is high.
3 3

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RISK MANAGEMENT – RECOMMENDATION FOR WA
Risk matrix
Likelihood
54
R 5 R 2
3
R 8 R 3 R. 1
R 6
2
R 7 R 4 R 9
1
1 2 3 4 5
Impact

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RISK MANAGEMENT – RECOMMENDATION FOR WA
Recommendation
The recommendation for the new rail system will ensure better working of the system. This will
help in mitigating all the risks that are likely to impact the system. The recommendation for the
system are as follows:
 Cost: the cost involved in development of the system needs to be understood properly before
implementation and allocation. This will ensure that the system is offered with proper budget
and is allocated as per the new requirements of the system. The government should focus on
developing the project and needs to keep in mind that the budget is maintained throughout the
project.
 Schedule: proper schedule is needed to be maintained so that the project can be performed
correctly after measuring all the requirements properly. This will ensure that the project is
completed within the schedule. This will ensure that proper team development will be
implemented without effecting the project. This project needs to be developed as per the
schedule.
 Allocation for resources: tee resource allocation needs to be started at correct time so that they
can ensure proper project can be implemented as per the hardware and raw materials. This
will ensure that all resources are allocated properly while developing the new system. Proper
resource allocation will ensure that the resources are allocated as per the need of budget
planning. Thus proper allocation needs to be done so that it can ensure benefit of the project.
Conclusion
The report has described all the important features associated with the new rail system. The
rail system is implemented within the Western Australian government with the aim of providing
better transport for the passengers between the Perth and regional centres of Western Australia. The
main risk associated with the implementation of new rail system is the issue regarding budget and
technical parts. The technical parts needs to be assessed properly as it has the potential of effecting the
new rail system. Every technical parts needs proper assessment so that it can ensure better working. In

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RISK MANAGEMENT – RECOMMENDATION FOR WA
addition to this it is important to ensure that proper feasibility of the new system is being performed.
This will bring more profits towards the developed system. In addition to this the possible risks
associated with the project are also being addressed. The major stakeholders associated with the
projects are also mentioned in the report. Thus from the report it can be stated that the project will be
implemented properly and successfully so that the risks can be determined at correct stage.

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RISK MANAGEMENT – RECOMMENDATION FOR WA
References
Giannakis, M., & Papadopoulos, T. (2016). Supply chain sustainability: A risk management
approach. International Journal of Production Economics, 171, 455-470.
Hillson, D., & Murray-Webster, R. (2017). Understanding and managing risk attitude. Routledge.
Ho, W., Zheng, T., Yildiz, H., & Talluri, S. (2015). Supply chain risk management: a literature
review. International Journal of Production Research, 53(16), 5031-5069.
Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning,
scheduling, and controlling. John Wiley & Sons.
Schwalbe, K. (2015). Information technology project management. Cengage Learning.
Taylor, S. J., Bogdan, R., & DeVault, M. (2015). Introduction to qualitative research methods: A
guidebook and resource. John Wiley & Sons. Taylor, S. J., Bogdan, R., & DeVault, M.
(2015). Introduction to qualitative research methods: A guidebook and resource. John Wiley
& Sons.
Tupa, J., Simota, J., & Steiner, F. (2017). Aspects of risk management implementation for Industry
4.0. Procedia Manufacturing, 11, 1223-1230.