University Engineering Risk Management Report: Tianjin Port Explosion

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AI Summary
This report examines engineering risk management through a case study of the Tianjin Port explosion in China. It begins with an executive summary and table of contents, followed by an introduction that defines risks and their management in project contexts. The report identifies key issues impacting engineering activities, including human resource, engineering, technical, and political risks. It then delves into risk analysis, discussing various methods such as expert investigation and checklist methods, and applies them to the Tianjin explosion. The report uses the explosion as a case study and analyzes the risk assessment process and its use as a decision-making tool. A communication plan and a clear description of the process used to analyze strategic issues are presented. The report concludes with a discussion of risk management tools, a risk management plan, and references. The report provides an in-depth understanding of the risks involved in the Tianjin Port explosion, including causes, assessment, and mitigation strategies.
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Running head: ENGINEERING RISK MANAGEMENT
Engineering Risk management
Name of the Student
Name of the University
Author’s Note
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ENGINEERING RISK MANAGEMENT
Executive Summary
This report discusses about the risks management process in the project. The case study of
explosion in Tianjin Port, China has been analyzed in the report. This report has focused on the
identification of risk involved in the scenario. The risk assessment plan has been created in the
report. The report analyses the causes of the explosion in the port. A clear description of the
process used in mitigating the risks is provided in the report. The risk principles of the risk
management process has been provided in the report.
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Table of Contents
Introduction......................................................................................................................................3
Key issues which have a significant impact on risks associated with engineering activities
including safety and environmental management systems..............................................................3
Analyzing Risk................................................................................................................................5
Risk assessment as a decision making tool......................................................................................6
Communication plan........................................................................................................................8
Clear Description of Process used to analyze strategic Issues........................................................9
Risk management tools..................................................................................................................10
Risk management Plan..................................................................................................................11
Conclusion.....................................................................................................................................13
References......................................................................................................................................15
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Introduction
Risks refer to the loss and unfavorable outcomes that are associated with an action. The
loss in the preferred results and outcomes of project in a business organization can be maintained
by risk management. This report deals with a case study of an explosion in Tianjin port, China.
This report focuses on risks involved in the Explosion in Tianjin port, China. This report
has helped in risk assessment process in the given case study. This report deals with providing
proposal for mitigating the risks sin the scenario.
This report outlines analysis of the identified risks in the case scenario. The risks
assessment process has been provided in the report. The different communication plans are
discussed in the report that helps in mitigating the risks involved in the business.
Key issues which have a significant impact on risks associated with engineering activities
including safety and environmental management systems
Risk management deals with identification and prioritizing of risks involved in the
business organization or any place. The application of economic resources is considered for
attaining various risks and minimizing the threats (Shedden et al., 2016). In this case, the risks
management process is an important tool for mitigating the risks and analyzing the risks involved
in the explosion in Tianjin Port, China. This technique helps in maintaining the control over the
disastrous incidents. The identification of the risks in the business organization is important for
the analyzing risks. There are various categories of engineering risks:
Human Resource
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The availability of the team members and project staffs became less that causes crisis in
the human resources. The use of the human resources helps in maintaining a proper structural
overview of the company in the market (Suter II, 2016). The production of company is very
dependent on human resources. The project is completed by employees and staffs of the
company. The employee engagement in company plays a vital role in the development of
company. However, there is a risk involved in case employee satisfaction is poor in this
company.
Engineering
Various tasks are planned and prepared by the concerned engineers. This helps in getting
a clear understanding about the blueprint of the project. The engineers help maintaining the
project in a correct manner (Li, 2014). However, there are risks involved in the engineering
activities. The major risk is human error. Maximum tasks and calculation are done by engineers
that might night cause errors in the calculation. This might result in huge damage to the project.
Therefore, the engineering service also contains risks in them.
Technical
The technical risks involve poor performance by the experts involved in the project. The
technical knowledge is only acknowledged by the technician. Therefore, absence of technical
expert might cause major impact on the project (Schwing & Albers, 2013). The main agenda of
the expert is to solve the technical issues in the project. Therefore, these create risks in the
absence of an expert.
Political
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There are various political pressures on any project outgoing in an area. The political
parties of area have to be in support for smooth running of project. The political and legal
measures of the government have to be followed on the project (Thakor, 2016). Therefore, this
creates a risk in the project completion. In this case, the Chinese government was not alert about
the explosion in the port. The political parties are responsible to provide support to staffs of the
company working in project. In this case, the Chinese government has helped in providing fund
to the affected areas.
In other words, process of risk identification includes techniques of brainstorming. The
main objectives of the paper are to identify the risks in scenario (Boritz, Carnaghan & Alencar,
2014). The solution of the risks is done by the risk assessment and applying various steps. The
identification process includes strategies, goals and objectives of the study.
Analyzing Risk
The analysis of risks involved in a project deals with the level and depth of the risks
involved in the organization. The analyzing process of the risks includes the risks framework that
helps in identifying different risks involved in the project. There are various methods for
identification of risks in the project including expert investigation method, checklist method and
graphic method. In this case, of Tianjin explosion in China, authorities have claimed for murders
of 50 individuals during the explosion (Haimes, 2015). The blast occurs in a modern zone
containing lethal chemicals and gas that harms less than 700 individuals in the state. The Tianjin
Administration of Work Safety organizes a meeting with the organization for taking care of risk
materials in the state. As per the report of the government ecological examiners, the stock room
was unsafe in the office. There was dangerous chemical substance sodium cyanide and
compacted gaseous petrol the area that have caused risk in engineering management. Once the
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controls have been distinguished, and their adequacy examined, an appraisal is made of the
probability of the hazard happening furthermore, the result if the hazard were to happen (Covello
& Merkhoher, 2013). This creates an exact, though subjective, appraisal of the level of hazard or
chance rating and helps in the following stage to decide if dangers are satisfactory or require
facilitate treatment.
Risk assessment as a decision making tool
In given context, anti-chemical warfare troops were sent to site after the blast occurred in
the Tianjin Port. These troops investigated and analyzed the area for finding the reasons of blast
(Thakor, 2016). The Risk Assessment process is appropriate to an organized and efficient
approach.
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Figure 1: Engineering risk management steps
(Source: Viehmann, 2016, pp. 7)
Initial situation without risk source
Data and information related to risk and damage has been collected. It includes
geographical, geometrical and topological information related to the scenario.
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Description of risk source
The description of risk source includes distribution, geometry, mass, position and
velocity. These factors help in analyzing the level of risk and mitigating risk in the area. The
description of the source of the risk is important for analyzing the effect of the risk in the
affected area.
Risk Propagation and analysis
The risk analysis includes potential dispersion, load distribution and impact of the
enhanced mechanism work on the risks (Torabi, Giahi & Sahebjamnia, 2016). The high and low
levels of the risks have helped in propagating in the decision-making scenario in Tianjin Port,
China.
Risk communication
Risk communication deals with the communication of risk with experts and third party.
The risk comparable to risks involved in various attributes. Risk communication has been an
important factor in making decisions in the organization (Mcube, Gerber & Von Solms, 2016).
This has helped in participating in risks assessment procedure in the scenario. Communication is
the principle tool for developing the mitigating strategies in the risk prevailing area.
Decision making tool
Risk assessment can be used as a decision making tool in an organization. The evaluation of
risks prevailing in the organization might help in obtaining a proper decision related to strategies
for mitigating those issues. The use of the risks assessment in risk management process provides
an empirical approach towards monitoring risks involved in case scenario. In the case of Tianjin
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Port, the risk involved in the blast has been identified and properly analyzed. Therefore, with the
help of risk assessment process, various decision related to strategic planning of mitigating risks
can be made.
Communication plan
Deliverable
Info (What)
Recipient
(Who)
Delivery
method(How)
Schedule
(When)
Responsible
person
Project
Information
Project team Sharepoint As needed Project
manager
Project
Status
Project
planner
Email By afternoon Project
manager
Agenda Project team Team
meetings
Monthly Project
manager
Timeline
update
Steering
center
Sharepoint As needed Project
manager
Project
update
Project
Manager
Email,
Conference
calls
As needed Project
manager
Project risks Executive
Sponsor
Risk
document
As needed Project
manager
Table 1: Communication plan
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Clear Description of Process used to analyze strategic Issues
The risk management plan manages all risks that are involved in the scenario. There are
four basic division of the plan that are discussed below:
Acknowledgement
The project manager is responsible for acknowledging about risks in the area. The project
manager helps in maintaining the record of the risks involved in the project (Gollenia, 2016). In
the case if the explosion in Tianjin port, these risks were not properly analyzed in the area that
have caused explosion.
Controlling
The controlling of the risks in perceiving performance activities for limiting the
emergency in the course of action creating a chance of causing an accident (Sadgrove, 2016).
The strategies to control the risks shave to be prepared at this stage. This helps in controlling the
damage caused due to the risk in that area.
Avoidance
The strategies for mitigating the risks in the area are created in this stage. The strategies
are used for maintaining and avoiding the risks in the area. A successful implementation of the
strategies helps in avoiding accidents in the region due to specific risks.
Transferring
The transferring of risk with another area or by exchanging at extent minimizes the risks.
This helps in mitigating risks using various strategies at particular activities in the scenario.
These activities are considered to be undertaken by the execution design and risks examination
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procedure (Holick, 2017). Describing main factors that drive the risks in the area and causes
destruction. These factors are analyzed during the risk assessment method that helps in
controlling risks. The assessing of the risks maintains consistency of controlling the risks
involved in the scenario.
Risk management tools
The entrepreneurial organization real joins speculation with chip away at offering
opportunities to test hypotheses, models, and procedures learned in classroom. Understudies
influence bona fide attractive procedures, to wear down other field exercises, and acquire
passageway and comprehension from entrepreneurial business bunch pioneers (Meier et al.,
2016). The organization noteworthy empowers chiefs in changing overall economy to see total
endeavor and fathom forces that shape an affiliation's course, procedures, and targets for course
of MBA. The course moreover empowers boss to hone singular expert' in supervising delegates.
The engineers will apply key human science educates and examine systems to
organization and expert issues in the all-inclusive community and private divisions. Building risk
administration to some more prominent degree that tends to modify the venture system and thus
fabricated methodologies against a plan of the described essentials, particulars and specific
standards (Nachman et al., 2017). Organization models connected to system whose convenience
and execution has been orchestrated by correspondence and interconnection.
Risk management Plan
Risk Management Plan courses of action should be set up to deliberately track and survey
ampleness of danger response exercises against lilt up estimations. Designing activities contain
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