MBA643: North East Link Melbourne Risk Analysis and Mitigation Report

This report presents a risk analysis and mitigation plan for the North East Link Melbourne project, a large-scale infrastructure initiative. Part A provides a project overview, including the overall budget, social and economic rationale, key statistics, funding mechanisms, and stakeholder identification. Part B focuses on risk analysis, identifying potential risks such as delays in project completion, budget overruns, construction issues, and stakeholder agitations. Each risk is assessed based on its likelihood and severity. Part C outlines a risk mitigation plan, including a time management plan to address potential delays, contingency planning for budget issues, and strategies for effective communication and quality control. The project's scope involves the construction of roads and freeways to improve communication networks in Melbourne. The report includes detailed budget breakdowns, timelines, and stakeholder considerations, providing a comprehensive analysis of potential challenges and proposed solutions.

Running head: RISK ANALYSIS AND MITIGATION PROJECT
Risk Analysis and Mitigation Project
North East Link Melbourne
Name of the Student:
Student ID:
Author’s note:

1RISK ANALYSIS AND MITIGATION PROJECT
Table of Contents
PART A: PROJECT OVERVIEW........................................................................................2
1. OVERALL BUDGET..............................................................................................................2
2. SOCIAL AND ECONOMIC RATIONALE.................................................................................2
3. KEY STATISTICS.................................................................................................................3
4. FUNDING MECHANISM........................................................................................................6
5. STAKEHOLDER IDENTIFICATION.........................................................................................6
PART B: RISK ANALYSIS....................................................................................................7
PART C: RISK MITIGATION PLAN..................................................................................9
REFERENCES.......................................................................................................................12

2RISK ANALYSIS AND MITIGATION PROJECT
Part A: Project Overview
1. Overall Budget
Particulars Units Rate Cost
Human Resource
Engineer 1 $ 22,500.00 $ 22,500.00
Designer 2 $ 12,000.00 $ 24,000.00
Developer 2 $ 12,500.00 $ 25,000.00
Contractor 5 $ 20,000.00 $ 1,00,000.00
Workers 50 $ 5,000.00 $ 2,50,000.00
Planner 1 $ 8,500.00 $ 8,500.00
Budgeter 1 $ 9,200.00 $ 9,200.00
Documenter 1 $ 8,100.00 $ 8,100.00
Project manager 1 $ 27,700.00 $ 27,700.00
Sub Total $ 4,75,000.00
Materials
Construction Materials 15 $ 5,000.00 $ 75,000.00
Equipment Rent 6 $ 4,000.00 $ 24,000.00
Rails 150 $ 400.00 $ 60,000.00
System 3 $ 15,000.00 $ 45,000.00
Communication System 2 $ 10,250.00 $ 20,500.00
Safety Equipment 15 $ 700.00 $ 10,500.00
Sub Total $ 2,35,000.00
Total $ 7,10,000.00
2. Social and Economic Rationale
The social and economic rationale for the project is given below,
 The project would involve the use of the construction and technology innovation for
constructing the linkage of roads and freeways/busway for the linking north and
eastern (Kerzner, 2018).
 Socially the project would allow the constructing of the communication medium for
the Melbourne link connection
 40% of the communication would become faster with the help of the effective
development of the information (Fleming and Koppelman, 2016).
 Launching of the network would be marked for enduring the management of the
information

3RISK ANALYSIS AND MITIGATION PROJECT
 Doncaster busway would be connected also with the help of the project
 The project had been scheduled for the budget of AUD 710,000.00
3. Key Statistics
Scope and Size:
The project scope would include the use of construction project management for enduring the
management of the facilities. The overall project construction is very large and it would
require the implication of effective work development (Welch, Ismail and Masarip, 2018).
The large scale construction of roads and freeways / busway for linking northern and eastern
communication medium in the Melbourne is undertaken. 40% of the communication will
become faster with the help of the effective development of the linkage of the Melbourne
Network (Reim, Parida and Sjödin, 2016). Doncaster busway will also be connected with the
help of this project.
Budget and Estimated Costs
Particulars Units Rate Cost
Human
Engineer 1 $ 22,500.00 $ 22,500.00
Designer 2 $ 12,000.00 $ 24,000.00
Developer 2 $ 12,500.00 $ 25,000.00
Contractor 5 $ 20,000.00 $ 1,00,000.00
Workers 50 $ 5,000.00 $ 2,50,000.00
Planner 1 $ 8,500.00 $ 8,500.00
Budgeter 1 $ 9,200.00 $ 9,200.00
Documenter 1 $ 8,100.00 $ 8,100.00
Project manager 1 $ 27,700.00 $ 27,700.00
Sub Total $ 4,75,000.00
Materials
Construction Materials 15 $ 5,000.00 $ 75,000.00
Equipment Rent 6 $ 4,000.00 $ 24,000.00
Road/Freeway 150 $ 400.00 $ 60,000.00
System 3 $ 15,000.00 $ 45,000.00
Communication System 2 $ 10,250.00 $ 20,500.00
Safety Equipment 15 $ 700.00 $ 10,500.00
Sub Total $ 2,35,000.00
Total $ 7,10,000.00

4RISK ANALYSIS AND MITIGATION PROJECT
Engineer
Designer
Developer
Contractor
Workers
Planner
Budgeter
Documenter
Project manager
Construction Materials
Equipment Rent
Rails
System
Communication System
Safety Equipment
$-
$50,000.00
$100,000.00
$150,000.00
$200,000.00
$250,000.00
$300,000.00
$22,500.00 $24,000.00 $25,000.00
$100,000.00
$250,000.00
$8,500.00 $9,200.00 $8,100.00
$27,700.00
$75,000.00
$24,000.00
$60,000.00
$45,000.00
$20,500.00
$10,500.00
The time required for work completion
WBS Task Name Duration Start Finish Predecessors
0 North East Link Melbourne 150 days Mon 06-05-19 Fri 29-11-19
1 Initiation Phase 24 days Mon 06-05-19 Thu 06-06-19
1.1 Analysis of requirements 5 days Mon 06-05-19 Fri 10-05-19
1.2 Developing of Initiation Documents 5 days Mon 13-05-19 Fri 17-05-19 2
1.3 Collecting Information 7 days Mon 20-05-19 Tue 28-05-19 3
1.4 PID development 7 days Wed 29-05-19 Thu 06-06-19 4
1.5 Kick off 0 days Thu 06-06-19 Thu 06-06-19 5
2 Planning Phase 20 days Fri 07-06-19 Thu 04-07-19
2.1 Scheduling of activities 5 days Fri 07-06-19 Thu 13-06-19 6
2.2 Forming complete plan 5 days Fri 14-06-19 Thu 20-06-19 8
2.3 Contingency Development 5 days Fri 21-06-19 Thu 27-06-19 9
2.4 Risk management planning 5 days Fri 28-06-19 Thu 04-07-19 10

5RISK ANALYSIS AND MITIGATION PROJECT
2.5 Plan Approval 0 days Thu 04-07-19 Thu 04-07-19 11
3 Designing 33 days Fri 05-07-19 Tue 20-08-19
3.1 Road/Freeway Network designing 7 days Fri 05-07-19 Mon 15-07-19 12
3.2 Structure of the network is developed 10 days Tue 16-07-19 Mon 29-07-19 14
3.3 Completed Designing of the Road/Freeway lines 6 days Tue 30-07-19 Tue 06-08-19 15
3.4 Blue Print 6 days Wed 07-08-19 Wed 14-08-19 16
3.5 Alignment of the effective designing 4 days Thu 15-08-19 Tue 20-08-19 17
3.6 Design Approval 0 days Tue 20-08-19 Tue 20-08-19 18
4 Development 64 days Wed 21-08-19 Mon 18-11-19
4.1 Structure of the Road/Freeway 8 days Wed 21-08-19 Fri 30-08-19 19
4.2 Lines are developed 10 days Mon 02-09-19 Fri 13-09-19 21
4.3 Laying of roads 13 days Mon 16-09-19 Wed 02-10-19 22
4.4 Communication is installed 5 days Thu 03-10-19 Wed 09-10-19 23
4.5 Development Operations 6 days Thu 10-10-19 Thu 17-10-19 24
4.6 Safety Facilities are developed 7 days Fri 18-10-19 Mon 28-10-19 25
4.7 Effective Road/Freeway network is developed 15 days Tue 29-10-19 Mon 18-11-19 26
4.8 Completed 0 days Mon 18-11-19 Mon 18-11-19 27
5 Closing 9 days Tue 19-11-19 Fri 29-11-19
5.1 Final Reports are developed 5 days Tue 19-11-19 Mon 25-11-19 28
5.2 Submission 2 days Tue 26-11-19 Wed 27-11-19 30
5.3 Sign off and review 2 days Thu 28-11-19 Fri 29-11-19 31
5.4 Closed 0 days Fri 29-11-19 Fri 29-11-19 32

6RISK ANALYSIS AND MITIGATION PROJECT
Key Construction Phase
The construction phase of the project is given below,
WBS Task Name Duration Start Finish
3 Designing 33 days Fri 05-07-19 Tue 20-08-19
3.1 Rail Network designing 7 days Fri 05-07-19 Mon 15-07-19
3.2 Structure of the network is developed 10 days Tue 16-07-19 Mon 29-07-19
3.3 Completed Designing of the rail lines 6 days Tue 30-07-19 Tue 06-08-19
3.4 Blue Print 6 days Wed 07-08-19 Wed 14-08-19
3.5 Alignment of the effective designing 4 days Thu 15-08-19 Tue 20-08-19
3.6 Design Approval 0 days Tue 20-08-19 Tue 20-08-19
4 Development 64 days Wed 21-08-19 Mon 18-11-19
4.1 Structure of the rail 8 days Wed 21-08-19 Fri 30-08-19
4.2 Lines are developed 10 days Mon 02-09-19 Fri 13-09-19
4.3 Laying of tracks 13 days Mon 16-09-19 Wed 02-10-19
4.4 Communication is installed 5 days Thu 03-10-19 Wed 09-10-19
4.5 Development Operations 6 days Thu 10-10-19 Thu 17-10-19
4.6 Safety Facilities are developed 7 days Fri 18-10-19 Mon 28-10-19
4.7 The effective rail network is
developed 15 days Tue 29-10-19 Mon 18-11-19
4.8 Completed 0 days Mon 18-11-19 Mon 18-11-19
Environmental Cost
The sustainable cost of the project would include sustainable cost alignment. An overall
budget of AUD 710,000.00 would include extrapolation of AUD 40,000.00 for the eco-
friendly cost.
4. Funding Mechanism
The various banks and government funds would be used for the collection of the funds.
5. Stakeholder Identification
The identified stakeholders of the project would include the State Government, Australian
Board, Contractors, Steering Committee, and Public (Soelberg Sorensen, 2017).

7RISK ANALYSIS AND MITIGATION PROJECT
Part B: Risk Analysis
Risk Description Likelihood Severity Mitigation
Delay in
Completion
The delay in completion of the
project would be marked with the
major alignment issues with the
works (Thorne et al., 2018). The
development would result in
aligning the management of the
operations. The overall project
construction is very large and it
would require the implication of
effective work development (Siau,
Chiang and Hardgrave, 2015). The
large scale construction of roads and
freeways/busway for the linking
north and eastern for the
communication medium for the
Melbourne link connection
(Subramanian et al., 2016).
However, the issues would tend to
result in the hindrances in the
completion of the works. The
probable issues would tend to form
the major setback for the effective
completion of works.
High Low Time
Management
Plan
Budget
overshoot
The lack of resources or budget
hindrances of the project would be
marked with the major alignment
issues with the works. The
development would result in
aligning the management of the
operations (Heagney, 2016). The
overall project construction is very
large and it would require the
implication of effective work
development. The large scale
construction of roads and
freeways/busway for the linking
north and eastern for the
communication medium for the
Melbourne link connection
(Northeastlink.vic.gov.au, 2019).
However, the issues would tend to
result in the hindrances in the
completion of the works. The
probable issues would tend to form
the major setback for the effective
completion of works.
Medium Mediu
m
Contingency
Budget
Construction The quality and other issues in the Medium High SDLC

8RISK ANALYSIS AND MITIGATION PROJECT
Issues construction of the project would be
marked with the major alignment
issues with the works. The
development would result in
aligning the management of the
operations (Kerzner and Kerzner,
2017). The overall project
construction is very large and it
would require the implication of
effective work development. The
large scale construction of roads and
freeways/busway for the linking
north and eastern for the
communication medium for the
Melbourne link connection.
However, the issues would tend to
result in the hindrances in the
completion of the works (Pym,
2015). The probable issues would
tend to form the major setback for
the effective completion of works.
planning
Human
Agitation
against the
construction
The agitations by the human against
the construction of the project would
be marked with the major alignment
issues with the works. The
development would result in
aligning the management of the
operations (Schwalbe, 2015). The
overall project construction is very
large and it would require the
implication of effective work
development. The large scale
construction of roads and
freeways/busway for the linking
north and eastern for the
communication medium for the
Melbourne link connection.
However, the issues would tend to
result in the hindrances in the
completion of the works. The
probable issues would tend to form
the major setback for the effective
completion of works.
Low Mediu
m
Proper
Conveyance
of
information
Failure of
Equipment
The equipment failure of the project
would be marked with the major
alignment issues with the works. The
development would result in
aligning the management of the
operations. The overall project
construction is very large and it
Low High Testing and
Development

9RISK ANALYSIS AND MITIGATION PROJECT
would require the implication of
effective work development (Binder,
2016). The large scale construction
of roads and freeways/busway for
the linking north and eastern for the
communication medium for the
Melbourne link connection.
However, the issues would tend to
result in the hindrances in the
completion of the works. The
probable issues would tend to form
the major setback for the effective
completion of works.
Part C: Risk Mitigation Plan
Time Management Plan: The time management plan will be helpful for the management of
time issues that may be faced by different stakeholders involved in the undertaken project.
The deferral in finishing of the project would be set apart with the significant arrangement
issues with the works. The advancement would bring about adjusting the administration of
the tasks. The general project construction is substantial and it would require the
ramifications of the powerful work advancement (Subramanian et al., 2016). The vast scale
construction of streets and interstates/transport route for the connecting north and eastern for
the correspondence vehicle for the Melbourne interface association. It may be possible that
the issues would be in general outcome in the obstructions in the culmination of the works.
The likely issues in general structure will make significantly difficult to finish the works or to
perform all the activities of the undertaken project.
Contingency Budget: The contingency budget would be helpful for aligning the management
of the works for resource management planning. The absence of assets or spending obstacles
of the project would be set apart with the real arrangement issues with the works. The
advancement would bring about adjusting the administration of the activities. The general
project construction is exceptionally substantial and it would require the ramifications of the
successful work advancement (Verzuh, 2015). The substantial scale construction of streets

10RISK ANALYSIS AND MITIGATION PROJECT
and turnpikes/transport route for connecting north and eastern correspondence vehicle for the
Melbourne interface association is taken place. Nonetheless, the issues would will in general
outcome in the preventions in the fulfilment of the works.
SDLC planning: The SDLC planning would enable the formation of effective work
completion for the equipment management. The quality and different issues in the
construction of the project would be set apart with the real arrangement issues with the
works. The improvement would bring about adjusting the administration of the tasks
(Kerzner, 2018). The general project construction is exceptionally expansive and it would
require the ramifications of the compelling work advancement. Be that as it may, the issues
would will in general outcome in the impediments in the finishing of the works.
Proper Conveyance of information: The information would be helpful for making sure that
the innovative information benefits are provided to the agitators. The disturbances by the
human against the construction of the project would be set apart with the significant
arrangement issues with the works. The advancement would bring about adjusting the
administration of the activities. The general project construction is exceptionally huge and it
would require the ramifications of the viable work advancement. Nonetheless, the issues
would will in general outcome in the deterrents in the fulfilment of the works (Subramanian
et al., 2016). The plausible issues will in general structure the significant misfortune for the
powerful culmination of works.
Testing and Development: The equipment would be tested and developed with the alignment
of the facilities. The hardware disappointment of the project would be set apart with the real
arrangement issues with the works. The improvement would bring about adjusting the
administration of the tasks (Zou, Kiviniemi and Jones, S2017). The general project
construction is extremely extensive and it requires the ramifications of the compelling work

11RISK ANALYSIS AND MITIGATION PROJECT
advancement. Be that as it may, the issues would will in general outcome in the obstructions
in the fruition of the works.