Detailed Risk Management Plan for Water Infrastructure Project

This report provides a comprehensive risk management plan for a water infrastructure project in South Australia, developed by the Voss Foundation. It adheres to ISO 31000 standards and outlines the project's scope, objectives, and budget. The plan details a structured approach to risk management, including communication and consultation strategies, stakeholder analysis, and the establishment of internal and external contexts. It identifies potential risks, such as health and safety concerns, and employs the IEC/ISO 31010:2009 standard for risk assessment. The report covers risk identification, analysis, evaluation, and treatment, including mitigation strategies. It also emphasizes the importance of risk monitoring and review to ensure project success. This report is a valuable resource for understanding and implementing effective risk management in infrastructure projects.

Risk management

EXECUTIVE SUMMARY
The reports include the risk management plan for the water infrastructure project that is
to be constructed in the South Australia. Risk management plan is created by the Voss
foundation considering the risk management standard that is ISO 31000.
The brief overview of the project has been given which also shows the location where
project is to be included, objective of project, budget etc. In addition to this, scope of the project
has also clearly defined in the assignment. Risk management plan includes the detail about risk
which are likely to occur in execution of specific issue. It also includes the mitigation strategies
which are applied in order to avoid different risk. Risks are identified, analysed and evaluated in
the risk assessment section based on IEC/ISO 31010:2009. Checklist has been used to address,
measure and evaluate risk. The major risk which has been associated with the water project are
health and safety of workers. Risk management matrix consists of information about the chances
of occurrence as well as consequences of specific type of risk.

TABLE OF CONTENTS
EXECUTIVE SUMMARY ............................................................................................................2
INTRODUCTION ..........................................................................................................................5
1.1 Information about the project ...............................................................................................5
1.2 Scope of the project ..............................................................................................................6
1.3 Objective of the project ........................................................................................................6
1.4 Risk management procedure.................................................................................................6
2. COMMUNICATION AND CONSULTATION PLAN..............................................................7
2.1 Main objectives ....................................................................................................................7
2.2 Stakeholder analysis..............................................................................................................7
3. ESTABLISHING CONTEXT ....................................................................................................9
3.1 Internal context ...................................................................................................................10
3.2 External context .................................................................................................................10
3.3 Risk management context ..................................................................................................10
3.4 Risk criteria.........................................................................................................................11
3.5 Stakeholders........................................................................................................................11
3.6 Roles and Responsibilities..................................................................................................11
3.7 Risk management policy ....................................................................................................12
4. RISK MANAGEMENT PROCEDURE ...................................................................................13
4.1 Risk identification ..............................................................................................................13
4.1.1. Method used for identifying risk ....................................................................................13
4.1.2 Scope of risk.....................................................................................................................13
4.1.3 Risk register ....................................................................................................................13
4.2 Risk analysis........................................................................................................................15
4.2.1 Method used for Risk analysis.........................................................................................15
4.2.2 Control of Existing Risk and risk assessment criterion ..................................................16
4.3 RISK EVALUATION ............................................................................................................17
4.3.1 Method used for Risk evaluation ....................................................................................17
4.3.2 Key risk for treatment .....................................................................................................17
5. TREATMENT OF RISK...........................................................................................................17

5.1. Options for treatment of Risks...........................................................................................17
5.2 An effective treatment options............................................................................................17
6. RISK MONITORING AND REVIEW.....................................................................................18
6.1 Risk monitoring procedure..................................................................................................18
6.2 Risk closure.........................................................................................................................19
CONCLUSION..............................................................................................................................19
REFERENCES .............................................................................................................................20

INTRODUCTION
Risk can be referred to as possibility of chances of losses. It can also be defined as
situation involving exposure to danger. Risk management can be defined as the procedure which
includes identification, evaluation and prioritization of risk to capital and earning of company. It
can also be defined as to be as the activity of identifying the potential threats in advance and
taking an appropriate action in order to avoid the same. Risk management is considered to be as
one of an essential aspect of Project management (Friday, Harridan and Collins, 2018. It is the
procedure which is executed by project manager for minimizing issues which could have adverse
effect on the timetable or outcome of the project. A Proper risk management is very much
essential in order to ensure successful completion of the project. The main purpose of risk
management in project is minimised the negative effect of risks and to increase the impact of
opportunities.
The present report will include the overview as well as scope of the water infrastructure
project. Study will highlight the purpose of specific project and also the risk associated with the
same. It will also include some suggestions which can be applied in order to avoid different types
of risks.
1.1 Information about the project
In South Australia, there is one village have population of 1500 which is facing the issue
of Water scarcity. The aim of the project is to a pumped well supercharged solar panel. Project is
also related to the construction of storage tank with Plumbing system which will be especially
developed with the intention to catering the water requirement by small community. As water
infrastructure development is very large project, it has been divided into small segments in order
to make the work easier. In addition to this, Segmentation of the large scale project into small
segment is considered to be as an effective strategy, as it will provide project manager an ease in
managing the project. The first phase of the project is related to the construction of main body of
the well. In second stage, the excavate trenches for the pipelines. After the completion of the
first as well as second stage, the final phase will include the installation of storage tank as well as
pumping system (Kliem and Ludin, 2019.).
Voss foundation will provide the funds for water infrastructure project. Main purpose of
Voss foundation is to resolve the issue of water scarcity faced by the people in one of the Village

of South Australia. In addition to this, business entity by implementing the water infrastructure
Project intends to provide clean water through sustainable system to people living in the village
of South Australia.
1.2 Scope of the project
The water infrastructure has limited scope. As the project is mainly implemented for
solving the issue faced b y people in specific region. The key deliverables of the project are :
 Construction of well and reinforcement of concrete wall.
 Digging of pipelines as well as installation of Pipeline system.
 Installation of Pipeline system, storage tank and solar panels.
The estimated budget for the Water infrastructure budget is $55,450. In addition to this,
project will be completed within six months.
1.3 Objective of the project
The main purpose of implementing the water infrastructure project by Voss foundation is
to provide the people leaving in village of South Australia with clear water with sustainable
system. In addition to this, main objective of the project is to resolve the issue of water scarcity
faced by the people in specific village of South Australia.
1.4 Risk management procedure
In context of water infrastructure, The Voss foundation will asses the risk according to
the ISO 31010:2009 standards. These standard will be followed by the Voss foundation while
developing the risk management plan. In context of water infrastructure project, The risk
management procedure will include the following phases these are :
 Establishment of the context
 Identification of the risk
 Analysis of the risk
 Evaluation of the risk
 Treatment of the risk

2. COMMUNICATION AND CONSULTATION PLAN
2.1 Main objectives
Project manager of Voss foundation is required to develop the understanding about the
significance of consultation as well a communication plan. An effective communication as well
as consultation plan is very much essential in order to make that the different types of risk are
addressed and all the stakeholders involved in specific project are informed about the same (Xia,
Wang and Zhong, 2018.).
Project manager need to develop an effective communication strategy for sharing the
important information about the project with stakeholders quickly as well as effectively. An
effective as well as quick sharing of information is essential in order to control the risk. The
strategy or procedure which will followed in order to involve different stakeholders in
accomplishment of specific project objectives are :
 Project manager or leader will ensure smooth flow of information among the
stakeholders.
 Project manager will consult with other stakeholders while planning the tactics to deal
with specific type of risk.
 Project manager will organise timely meeting for ensuring that all the stakeholders are
aware about the current status of the project. Meeting will assist project manager sin
identifying the issue faced by workers in performing their roles in the project.
 Each and every individual will be provided with specific set of roles as well as
responsibilities.
 In addition to this, interest of each stakeholder group will be considered by Project
manager while developing the project management plan.
2.2 Stakeholder analysis
It is very much important for project manager to address the stakeholders those who can
high influence on the project. In addition to this, Project manager is also required to consider the
interest of stakeholders, as this will assist them in ensuring engagement of people in the project.
Power interest grid can be utilised by project manager of Voss foundation, as this technique will
assist them in addressing the stakeholders those who can have high influence on the project. In
context of present project, Seminars will be organised for sharing the information about the

project with stakeholders those who have less interest and power to effect the project. Project
manager is required to concentrate on fulfilling the demands of the stakeholders those who have
high power, as it will assist them in eliminating the chances of hurdles in execution of water
infrastructure project (Emphasise, Falsafi and Tamošaitienė, 2018.
In context of water infrastructure project, Project manager is a person who has high
interest as well as influence on the project, therefore, it is very much important for company to
keep them satisfied. The communication method which will be used in the present project for
communicating with different stakeholders are:
Power/interest Method of communication
Managing closely For managing the project, formal communication method
will be utilised. For instance, meeting will be organised at
Illustration 1: Shareholder Matrix
(Source: Shareholder Matrix, 2019)

regular interval of time, E-mail and newsletter will be
circulated. Employees will use E-mail for communicating as
well as coordinating with each other.
Keeping satisfied Project manager will have direct meeting with stakeholders.
Direct meeting is considered to be as an effective
communication method, as it will support project manager in
developing the strong relationship with stakeholder which is
very much essential in order to ensure successful completion
of the project.
In addition to this, reporting procedure has been established
which will support project manager in analysing the current
status of the project.
Keeping informed It is very much important for Project manager to
communicate with villagers and inform them about the
purpose of the project, as it will assist them in eliminating
the barriers which might occur in execution of water
infrastructure project.
In addition to this, project manager will need to draft formal
letters as well as E-mails for taking the permission from
authorities before executing the water infrastructure project.
Direct meeting will be done by project manager with the
villagers, as it will assist them in ensuring the elimination of
the issues in specific problems during the project (Tonchia,
Tonchia and Mahagaonkar, 2018.).
Monitoring In context of water infrastructure project, seminars will be
organised in order to keep local residents about the current
status of the project.

3. ESTABLISHING CONTEXT
According to the ISO 31000, it is very much essential for project manager to specify the
internal as well as external context, Criterion for assessing as well as managing risk. In addition
to this, as per ISO 31000: 2009, project manager is required to provided detailed information
about the stakeholders, risk management policy, Roles and responsibilities.
3.1 Internal context
Voss Foundations is basically a non – governmental organisation which was established
in 2008. Aim of establishing the Voss foundation is to provide people living in remote areas
access to clean water. Business entity has constructed approx. sixty access points with approx.
One hundred and sixty sanitation facility. Voss Foundations is working with many other
organisation such as Georges Malaika Foundation, Milgis Trust, Nest etc.
3.2 External context
The Water infrastructure project will help in developing the heaths community. It will
also aid in reducing the burden on women living in specific village in context of collection of
water. Through the research, it has been analysed that the approx. 300 million people in South
Australia has no access to clean water because of such issues people residing in South Australia
is suffering from Chronic diseases. There is increase in number of death rate due to drinking of
dirty water and poor sanitation. Voss foundation will implement the water infrastructure project
in order to provide especially village with the access to clean drinking water. There are number
of water infrastructure project has been executed by an organisation, some project has failed to
the absence of suppliers. But in context of present water infrastructure project, project manager
will prepare the list as well as arrange all the resources and equipments in advance. In addition to
this, a detailed investigation will be conducted by Project manager for identifying the chances of
occurrence of different risk in execution of the water infrastructure project (Zhang, Gao and
Shen, 2018.
The benefit which society will gain through the water infrastructure project are villagers
will get access to clean drinking water. In addition to this, other benefit of water infrastructure
project are improved heath as well as hygiene and it will support women in saving the time. It
will also assist villagers in improving their living standards.

3.3 Risk management context
In context of water infrastructure project, the main purpose of the risk management
procedure is to eliminate the threats which can have negative effect on the project. The risk
management procedure have concentration on different approaches which can be utilised for
identification, analysing as well as evaluating risk. Project manager has designed the risk
management procedure with the intention to provide structured framework to stakeholders those
are involved in the project. In context of water infrastructure project, the major risk is associated
with the heath and safety of people (Chenoweth and Bird, 2018.).
3.4 Risk criteria
The Checklist will be utilised by project manager in order to identify the threats in
context of execution of water infrastructure project. ISO31000: 2009 Standards will be followed
while developing the risk management plan. All the risk identified with be recorded in the risk
register. As Voss foundation has already implemented many of the water project, therefore, an
organisation has ideas about the different types of risk which might occur in implementation of
water infrastructure project. Brainstorming is the method which will be utilised for the purpose
of identifying risk.
3.5 Stakeholders
In context of water infrastructure project both internal and external stakeholders will
participate in designing and implementation of project. The internal stakeholder will be board of
directors, employees, project managers, shareholders etc. Some external stakeholders are owner
of the land, investors, environmental agencies, Department of water affairs local authorities,
suppliers etc.
3.6 Roles and Responsibilities
It is very much important for project manager to clearly define the role as well as
responsibilities of an each individual, as this tactic will help in successful completion of the
project. Proper distribution of roles and responsibilities is very much crucial in order to avoid the
confusion, misunderstanding and conflicts which might have adverse effect on the Project. In
context of water infrastructure project, the roles and responsibilities of stakeholders are :

Position of stakeholders Roles and responsibilities
Board of directors The role as well as responsibilities of board of directors is to
approve project and risk management plan. It is the duty of board
of directors to review and approve risk assessment as well as
policies.
Risk manager Role of risk manager is to address the different risk and formulate
an effective plan for managing the same. In addition to this,
responsibility of risk manager is to conduct the assessment and
identify an appropriate approach for treating the same.
Project manager It is the duty of project manager or leader to supervise as well as
provide instruction to employees. Role of the project manager is
to provide suitable training to workers. In addition to this, project
manager is also responsible for ensuring that ISO and other
standards are followed.
Employees Role of the workers is to perform different activities, as per the
instruction given by project manager.
Finance manager It is the duty of Finance manager is to prepare budget for the
project.
Finance manager is mainly responsible for checking as well as
reporting the effectiveness of methods utilised for assessing as
well as monitoring the risk in terms of budget. In context of water
infrastructure project, finance manager will prepare the flexible
budget so that changes can be easily made in the project. As strict
budget might lead to the compromise in quality of work.
Internal auditor Role of internal auditor is to conduct audit at regular interval time.
They are mainly responsible for making sure that risk
management procedure is properly implemented (Love, Sing and
Tokede, 2018. )