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Risk Management Plan for Melbourne Metro Tunnel

   

Added on  2023-01-19

27 Pages4857 Words69 Views
Running head: RISK MANAGEMENT
Risk management plan- Project: Melbourne Metro Tunnel
Name of the Student
Name of the University
Author’s Note

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RISK MANAGEMENT
Table of Contents
1. Introduction............................................................................................................................3
1.1 Project information...........................................................................................................3
1.2 Project scope....................................................................................................................3
1.3 Project objectives.............................................................................................................4
1.4 Risk management process................................................................................................4
2. Consultation and communication strategies...........................................................................5
2.1 Internal communication...................................................................................................6
2.2 External communication..................................................................................................7
3. Establishing the context.........................................................................................................8
3.1 Internal context.................................................................................................................8
3.2 External context...............................................................................................................9
3.3 Risk management context................................................................................................9
3.4 Risk criteria......................................................................................................................9
3.5 Stakeholders...................................................................................................................11
3.6 Roles and responsibilities...............................................................................................12
3.7 Risk management policy................................................................................................13
4. Risk assessment process.......................................................................................................13
4.1 Risk identification..........................................................................................................13
4.2 Risk analysis...................................................................................................................16
4.3 Risk evaluation...............................................................................................................17
5. Risk treatment......................................................................................................................18

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5.1 Probable treatment options.............................................................................................18
5.2 Effective treatment option..............................................................................................19
6. Risk monitoring and review.................................................................................................20
6.1 Process............................................................................................................................20
6.2 Risk closure....................................................................................................................21
Bibliography.............................................................................................................................22

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1. Introduction
1.1 Project information
The paper mainly reflects on the construction of “Melbourne metro tunnel”. It is
found that the main aim of the project is to develop an end-to-end rail line in south east with
very much high capacity of trains as well as five underground stations. The project of metro
tunnel that will be undertaken will generally be helpful in creating proper capacity on the
entire network in order to enable about one and half million passengers across Melbourne.
The concept of metro tunnel is created as Melbourne is growing steadily and therefore it is
not possible to have more trains in the city as the city loop is full (Metrotunnel 2019).
Therefore, a new dedicated pathway is generally created through the inner Sunbury,
Cranbourne as well as Pakenham services such that more trains can run across the city. In
addition to this, it is found that the construction of metro tunnel in Melbourne is considered
as one of the key for the expansion in the future by successfully enabling the growth of the
transport system.
The metro tunnel that will be constructed will generally include twin rail tunnel of
nine kilometres from west to south-east of the city. The project also includes construction of
new underground stations with very much high capacity of signalling for maximizing the
effectiveness of the new fleet that consists of proper capacity of the trains. Moreover, wider
network generally comprises of a number of works including proper infrastructure for
facilitating the access to sidings and improvement within the signalling headway.
1.2 Project scope
The scope of the project mainly includes:
Twin rail tunnels of nine kilometre from Cranbourne line to Sunbury line
Five new stations will be constructed underground

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High capacity of signalling for maximizing the efficiency of the new fleet
Interchange of trams between the Domain interchange and Anzac station
1.3 Project objectives
The project objective is to construct metro tunnel for the city of Melbourne for
creating a new end-to-end rail line in south east in order to provide a new dedicated pathway
through the inner Sunbury to Cranbourne such that more trains can run across the city
without creating any problem for the trains that runs on the city.
1.4 Risk management process
As the project that is undertaken mainly engages in the construction of a metro tunnel
and it is analyzed that the construction of the project will face high degree of uncertainties.
According to (McNeil, Frey and Embrechts (2015), risk is mainly defined as one of the event
that generally has a probability of either creating a positive or a negative impact on the
project progress. Thus, it is analyzed that the project of Metro tunnel in Melbourne is facing a
number of issues and challenges as the there is no project that does not have uncertainties, If
the risk and challenges of the project are properly managed then it will be helpful in ensuring
the final project success.
In order to properly ensure the effectiveness of project risk management, it is quite
necessary to adopt proper standard method that should be applied and it is necessary to
include AS/NZS ISO 3000:2009 within the risk management plan so that it can provide
proper guidance to the entire risk management procedure. It is found that AS/NZS ISO
3000:2009 assist in making better commitment in order to understand as well as manage the
risks whether positive or negative (Ho et al. 2015). In addition to this, it is mainly utilized in
order to properly harmonize the entire risk management procedures and further helps in

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giving a common approach in order to support different types of standards in order to deal
with different risks that is generally not intended for the certification process.
Figure 1: Risk management process in AS/NZS ISO 3000:2009
(Source: Created by Author)
2. Consultation and communication strategies
It is found that in order to undertake the construction of metro tunnel, it is necessary
to prepare a good consultation and communication plan. Both the consultation as well as
communication plays a significant role in giving information about the different types of risks
that are associated with the project and their impact on the success of the project (Bromiley et
al. 2015). Thus, consultation and communication plan are generally categorized into internal
and external which are generally elaborated below:

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