EBUS 534: Planning for Risk in Coventry Rail Station Development

This report provides a comprehensive risk assessment for the Coventry Rail Station development project, focusing on identifying potential risks and proposing mitigation strategies. It addresses key areas such as infrastructure damage, theft, vandalism, and material/labor shortages, outlining their potential impact on project success factors like time, quality, and cost. The report includes a risk breakdown structure, likelihood-impact matrix, and composite risk index to quantify and prioritize risks. Statistical analysis is performed to determine the mean probability and impact of risks, and recommendations are made for improving security measures, such as deploying lighting, installing surveillance cameras, and hiring security guards. The report concludes with a discussion on the importance of proactive risk management to ensure the project's success. Desklib offers a variety of study resources, including similar assignments and past papers, to support students in their academic endeavors.

EBUS 534

TABLE OF CONTENTS
MAIN BODY...................................................................................................................................3
Risks.............................................................................................................................................3
REFERENCES................................................................................................................................9
Books and Journals......................................................................................................................9
Online...........................................................................................................................................9

Objective: The main objective behind the completion of this project is to meet the needs the
demands of the travellers related to easy accessibility and more capacity in a station outside
London, UK.
 Coventry rail station is looking to develop a footbridge and extend the platform canopies.
 To create a second entrance for the station which will provide step free excess to the
platforms.
 To develop a multi storey car parking area.
 To form a bus interchange which will be connected with the building of the station.
 To have improvements in the conditions of roads and including new ones.
 To develop new bay platform.
MAIN BODY
Q1
This project is made to transform the Coventry station in order to create a aesthetic gateway
which will lead to the city with a more accommodation to the number of passengers. It is to build
a new entrance to the station and proper pedestrian crossing. The project management team is
working on designing and constructing work with a proper strategy and aligning with the
stakeholders while managing the whole program within the budget. The involvement of
stakeholders is given in the table.
Stakeholders\ success
factors
Time Quality Cost
Jeff
Sally
Alessandro
Risks
Working on such large project brings in many risks which can happen during the project
working. It is important to identify these risks and creating a risk response accordingly. Some of
the major risks are given below with their associated risk response.

Infrastructure damage: This type of risk can occur when the existing infrastructure is damaged
during the time of construction. Such risks can lead to increase the cost in the already set
budgets. There will be a cost of repairing and replacing the damaged product. The risk response
for this can be to reduced by the help of repairing and replacing the defected part. The work
processes started in a way which will reduce the effects of infrastructure failure (Stosic, and
et.al., 2017).
Theft and vandalism: Such types of risk can result in disruption of the on going work. This risk
will have a major impact on the success factors like time and money. There will be a cost to
replace the damage caused by theft and vandalism as well as extra cost to replace the stolen
assets. The risk response for theft and vandalism is to transfer the risk to the third party. It can be
prevented with the purchase of having an insurance on all the products and investing more in the
security activities.
Material and labour shortage: Not having a proper supply chain will result in material not
arriving at the time they are required. This will result in delay which will consume a lot of time
and will harm the quality when the required materials are not available. Labour shortage happens
when the contractors which are required at the instant time and in the short notice become
unavailable. This will result in delay and increased costs as the workers will demand high rates
on coming for short notice (Ferakhim and Latief, 2019). The response for this risk is to have a
contingency plan in a proper place which will handle the risk at the time it will occur. Having a
backup supplier will help in preventing from causing disruptions due to supply chains.
Trade off are very loosely defined during the time of any situation when taking a decision
can result in losing something else. This will lead to renunciation of the benefits and
opportunities. Trade off in the zero situation will result in plus in one area and at the same time
negative to another. Trade off during the time of a decision will lead to losing one quantity or
quality in return for the other gains. It is where one thing is decreased and other is increased.
Q2
Risk breakdown structure is like a hierarchical chart which help in breaking the risk down
starting with the higher level category and continuing down the levels of risk.

Likelihood- impact matrix
Likelihood\
consequence
Significant Minor Moderate Major Critical
Rare Low Low Low Medium High
Unlikely Low Low Medium Medium High
Possible Low Medium Medium High High
Likely Medium Medium High High Extreme
Almost certain Medium Medium High Extreme Extreme
Q3 6.75
The composite risk index is the probability multiplied with the impact of the risk. The composite
risk index for the low risk at
1 probability and 1 severity = 1 1
1,2 = 2
Illustration 1: Risk breakdown structure

1, 3 = 3
1, 4 = 4
1, 5 = 5
2, 1 = 2
2, 2 = 4
2, 3 = 6
2, 4 = 8
2, 5 = 10
3, 1 = 3
3, 2 = 6
3, 3 = 9
3, 4 = 12
3 , 5 = 15
4, 1 = 4
4, 2 = 8
4, 3 = 12
4, 4 = 16
4, 5 = 20
5, 1 = 5
5, 2 = 10
5, 3 = 15
5, 4 = 20
5, 5 = 25
From the risk register table it can be seen that the success factor of cost is highly affected by the
risks. The major risks such as infrastructural damage, theft and vandalism and material and
labour shortage are all leading to extra costs be used from the already set budget. Each of the
success point is important and all the risks grouping against the cost factor can result in over
budget which can lead to the closure of the whole project. It is important to control these risks
prior enough. In the risk of having an infrastructure damage can lead to causing various problems
such as not allowing new construction or making the new development defected. It is important
to eliminate this risk and is done with the help of reducing the risk as the damaged infrastructure

will cause replacement and repairing costs. Another risk is the theft and vandalism which will
affect the cost factor in an obvious way (Sañudo-Fontaneda, and et.al., 2020). The stolen
products and managing the damage will require the use of extra costs and thus makes it
important to eliminate this risk. The risk response for this is transferring. It means that there is a
need to involve a third party which will help the management to prevent from this risk to happen.
This third party is the use of security cameras and hiring a team for securing the site and
materials. Another type of risk is the risk of material and labour shortage. This risk is directly
affecting the cost factor as when there is a disruption in the supply chain during the time when
the material is required will be available in more costs than before as the demand for it is
increased. Same is the case for the labours. To avoid this risk to happen, a proper contingency
plan is required which will solve the problem from way before it will create a risk to the project.
Q4 4
The mean for probability is 2.86
The mean for impact is 2.38
The coefficient of variation is 6.54
It can be said from the calculated mean is that the total probability of risk happening in this
project is high, however the imp[act produced by the risk comes in the medium range which is
neither more nor less (Kozak-Holland and Procter, 2019). Even the small impact of risk can lead
the project to a failure. So to avoid this, it is important to have a proper risk response which will
prevent this risk from happening in the first place. From the risk register it can be seen that there
are broad range of risk in the ongoing project which have the power to influence the factors
leading to success. Each risk has its own pro and impact o the project but the highest composite
risk index is 12 from the table.
Q7
Theft and vandalism is very common problem happening in area of construction and
development sites just like in the development of Coventry rail station. The temporary nature of
the site provides the adequate boarder security as a challenge. These sites have the availability of
many different equipments which are heavy such as bulldozers will attract a lot of criminal
activities. It is important to have the security in the construction site a top priority or the other

wise case will result in high risk of experiencing costly damage of the property and the materials
which in turn will create many losses and make the project delay. Such risk can be monitored
and controlled with the help of deploy lighting as these sites are dark and become very isolated
during the night time will attract lot of targets for bad activities (Vaa, 2017). When this site is
well lit, it will decrease the risk of vandalism and theft and let the intruder stay out even during
the night time. Another method is by installing the surveillance cameras which can deter the
criminals and the modern cameras will provide with a highly detailed footage of the whole place.
The option for live and recorded camera will help in feeding to catch the perpetrators. The
advanced technology which is used today is can give easy access on the mobile phones and
making the monitoring easy.
Developing a security plan and implementing it will help in protecting the different
vulnerable areas. Communicating this plan will help in raising the security awareness. Coventry
rail station will use the most common process to help with the security is by hiring the security
guards. The use of technology and lighting are helpful for the this site, the criminals can still be
motivated in their aim when they know the process to defeat them (Tang, and et.al., 2019).
Hiring the professional security guards which will monitor the site during the whole day as well
as during the night time will help in maximising the security efforts. These security guards serve
the purpose of visible deterrent and their job makes them respond quickly to investigate any
suspicious activity. Another process is to conduct background checks as in some cases the
employees working in the development project help themselves to tool and equipments while
doing their job (Shahtaheri, and et.al., 2017). They act as an inside theft which can be difficult to
prevent. This makes it important to have a background checks on the employees during the time
of the hiring process to eliminate such potential thieves.

REFERENCES
Books and Journals
Ferakhim, D. and Latief, Y., 2019. Development of safety cost for architectural works in rental
apartments building construction project based on work breakdown structure. Int. J.
Eng. Adv. Technol.. 8. pp.16-27.
Kozak-Holland, M. and Procter, C., 2019. Managing transformation projects: tracing lessons
from the industrial to the digital revolution. Springer Nature.
Sañudo-Fontaneda, and et.al., 2020. Descriptive Analysis of the Performance of a Vegetated
Swale through Long-Term Hydrological Monitoring: A Case Study from Coventry, UK.
Water. 12(10). p.2781.
Shahtaheri, and et.al., 2017. Managing risk in modular construction using dimensional and
geometric tolerance strategies. Automation in construction. 83. pp.303-315.
Stosic, and et.al., 2017. Risk identification in product innovation projects: new perspectives and
lessons learned. Technology analysis & strategic management. 29(2). pp.133-148.
Tang, and et.al., 2019. Personalized safety instruction system for construction site based on
internet technology. Safety science. 116. pp.161-169.
Vaa, T., 2017. Proposing a risk monitor model based on emotions and feelings: Exploring the
boundaries of perception and learning. In Driver Distraction and Inattention (pp. 103-
119). CRC Press.
Online
Risk breakdown structure. [Online]. Available through
:<https://web-static.wrike.com/blog/content/uploads/2020/08/Understanding-Risk-
Breakdown-Structure-2.png?av=d14c5c803f16a4fb9c8f16281df3630e>