SEB723 T1-2020: Asset Management Project for Geelong - Report

This report details a project focused on asset management in Geelong, Australia, addressing the city's increasing population and associated water distribution challenges. The project initiates with a root cause analysis to identify issues and explores feasible options for investigation. It identifies key business needs, including estimating future population growth and expanding water distribution capacity. The report analyzes stakeholder needs, assesses benefits, and evaluates various options to meet project goals, such as improving water storage and supply. It outlines the project stakeholders, including managers and laborers, and assesses their needs for improved water infrastructure and sustainable living standards. The document also discusses project risk estimation, personal contributions, and relevant references, providing a comprehensive overview of the project's planning and execution. The report provides a detailed analysis of the project's scope, budget, and schedule, including a Gantt chart.

Asset Management for
Geelong
Name of the Student
Name of the University

Team Member 1: Root Cause Analysis for
Project Initiation
(Figure 1: The Root Cause Analysis for the Geelong)
(Source: Created by author)

Root Cause Analysis for Project
Initiation
The certain issues being faced at Geelong has raised
concerns for initiating the project. These are:
 Increase in population by 20% has raised concerns
for increasing water distribution capacity
 Issues with storing water for a rising population is
the primary concern

Team Member 1: Feasible Options of
Investigation
 The project relates to determine assets for deciding
over a range of concerns for water storage and
supply
 Bringing innovation within the water resources is
the prime concern at Geelong
 Improvement in current systems could be brought in
with proper approaches of project management

Team Member 2: Business Need
Identification
Based on the previous underlined issues, the key
goals of the business are:
 Estimating the population rise in the next few years
 Assessment of areas in which water demands needs
to be met
 Expansion should be brought within Geelong’s water
distribution capacity

Team Member 2: Benefit Analysis
From the key goals identified for Geelong, the
expected changes that would be required are:
 Capacity of water distribution should be improved
 Support should be provided to market intelligence
team
 Primary understanding of areas in extreme need and
supplying essentials
 Facilitating supplies of water before project is
accomplished

Team Member 3: Project Stakeholders
The primary stakeholders within the project are:
 Corporate Planning Manager
 Project Manager
 Procurement Manager
 Construction Manager
 Labours

Team Member 3: Needs
assessment for stakeholders
 Understanding resident problems and resolving water
needs in specific regions
 Preparing new solutions of water storage and supply
 Expansion of water storage systems for meeting
demands at Geelong [2]
 Developing a sustainable living standard for residents

Team Member 4: Options chosen
 Increasing population in Geelong would not be facing
water shortage problems
 Demands in water supply would be mitigated primarily
 Improvement in water storage systems would in turn
lead to better standards of living for residents [1]
 Proper supply of water to support the 20% population
rise

Team Member 4: Evaluation of options
 Understanding the key areas of problem with an efficient
market intelligence team
 Forecasting the future demands of water production and
implementing solutions accordingly
 Preparing a proper approach and methodology for
approaching the problem [3]
 Proper estimation of costs and preparing solutions
accordingly

Project Risk Estimation
Risks Likeliho
od
Impac
t
Risk Mitigation Plan
Project schedule
might exceed [4]
Medium High Project manager to look
into activities
accordingly
Costs might get
escalated due to
market demands
Low Mediu
m
Preparing a contingency
budget for handling
additional costs
Some of the defined
project aspects might
not be covered due to
lack of market
intelligence skillsets
Low High Expertise employees to
be hired for managing
work required to be
performed during
research and
development of ideas

Project Discussions
Team Member 1:
1. Causes were chosen based on their relevance and proper research over
different peer-reviewed articles to the Geelong project
2. Secondary information sources were referred from peer-reviewed journals
and articles on their relevance with the project.
Team Member 2:
1. Business goals impacting the project are: expansion of water distribution
capacity while meeting increasing population demands. Demonstration of
achieving business goals has been shown in the Gantt chart.
2. Project outcomes and outputs are being targeted on expansion of water
distribution capacity. Before, water capacity was not enough to meet
population increase of 20%. With the project completion, water storage
capacity increased gradually thus would meet the growing needs.