Assignment 1-

Assignment Cover Sheet Assignment Cover Sheet The information on this coversheet will be included in Turnitin’s similarity analysis; however, your lecturers are aware of this and will disregard it. Student Details Student Number 1 0 4 5 2 6 0 7 Family Name Bist Dhami Given Name Roshani Kumari Unit Details Unit Code MAN6301 Unit Title Project Risk Management Name of Lecturer Pro. Michael McDonald Due Date 17th March Topic of Assignment A Case Study: Project on Regional Rail Fleet (NSW) recommend in WA. Group or Tutorial (if applicable) Individual Course Master of Project Management Campus Joondalup I certify that the attached assignment is my own work and that any material drawn from other sources has been acknowledged. This work has not previously been submitted for assessment in any other unit or course. Copyright in assignments remains my property. I grant permission to the University to make copies of assignments for assessment, review and/or record keeping purposes. I note that the University reserves the right to check my assignment for plagiarism. Should the reproduction of all or part of an assignment be required by the University for any purpose other than those mentioned above, appropriate authorisation will be sought from me on the relevant form. Manual Submission If handing in an assignment in a paper or other physical form, sign here to indicate that you have read this form, filled it in completely and that you certify as above. Signature Date Office Use Only Electronic Submission OR, if submitting this paper electronically as per instructions for the unit, place an ‘X’ in the box below to indicate that you have read this form and filled it in completely and that you certify as above. Please include this page with your submission. Any responses to this submission will be sent to your ECU email address. Agreement ☐select check box Date For procedures and penalties on late assignments please refer to the University Admission, Enrolment and Academic Progress Rules - rule 24, and the ECU Course and Unit Delivery and Assessment Policy  A Case Study: Project on Regional Rail Fleet (NSW) recommend in WA. Table of contents Introduction Literature Review Project’s Feasibility Risk Management Framework Stakeholder Analysis Conclusion References Introduction: The Australian government is preparing for an advanced transport strategic plan for New South Wales that provides accessible, reliable and attractive services. The project "Regional Rail Fleet (NSW)" estimated total budget is $2.8 billion including capital cost of $1.26 billion. The Project is the replacement of the old train services to new regional rail fleet with modification of transit network, engine, designs including maintenance of the old railway tracks with new stations. Regarding, Western Australia, the "Regional Rail Fleet" project deliver advanced infrastructure system and future metropolitan mobility. "The fundamental components of project implementation such as feasibility, design and networking, cost estimates, contract documentation, construction productivity and operational performance" (Baynes, Fookes & Kennedy,2005). Literature Review: This paper focuses on the feasibility of regional rail fleet project in WA in term of geography, budgeting and networking with risk analysis framework. "Properly valuing transportation infrastructure in the cost-benefit analysis will allow the most efficient allocation of resources" (Jones, Moura & Domingos, 2014). 2.1 Project’s Feasibility: A- Geographical Analysis: "Investigations involving detailed mapping, test pitting, drilling of boreholes to obtain information for designing and costing" (Baynes, Fookes & Kennedy,2005). The regional rail fleet will be less costly because some of the projects are on the planning phase; for example, The Morley-Ellenbrook line/ Forrestfield to Airport link which is going to start in 2020 and finish in 2022. By researching the WA Metro Train Project and reviewing NSW Regional Fleet Rail Project, this project carried out in WA need higher concern about four areas: • Extending railway line further. • Linking railway station to some critical station. • ACT (Automatic Train Control), it makes it easier to connect the existing railways' network with future one. B- Networking and Designing: The project needs network indicators like connectivity, the diameter of the area and accessibility for the people with local coverage, and regional coverage. “The network feature of the metro system defined with state, form and structure; state measure the complexity of the network, form investigates regional accessibility and connectivity, and structure examine the intrinsic properties of current networks (Derrible, Sybil & Kennedy, Christopher, 2010)”. In regional rail fleet, they are adding toilets, comfortable seats with the function like USB plug point in seat. The good thing about designing is a diesel engine and can be run through electricity as well. This engine called diesel-electric engine which is more prominent in storage capacity and noiseless. “The transportation projects aim for automation and a new operating system that produce huge changes with multiple impacts on service production. The productivity gains, enhanced safety and better service reliability through automation allow staff to provide better customer care then and meet customer expectations (UITP, 2003)”. C- Funding and Budgeting: The project requires high levels of investment to be built and maintained (UITP,2003). All infrastructures project needs more funding for operational factors like; maintenance, power supply, railway tracks, utility adjustment, fuel storage, telecommunication, fire protection, skilled workforce and security options. An example of Pilbara Railway Project, the largest railway expansion in Australia. The project was proposed for export of iron ore and it requires transport service to shipping ports. Due to Pilbara Railway project WA can export “an annual production of 180 million tonnes which is 9% of world production and 35% of seaborne trade ((Baynes, Fookes & Kennedy,2005)”. This project worth it even though budget overruns because the turnover of the service in big enough. And looking at Regional Fleet Rail NSW the purpose is different but service they run is same, it cost 2.8 billion, and it could go higher for maintenance cost because the project is replacing the old one. In the case of WA, the value differs because the rail project is still under construction. "Project requires continuous monitor the risk and develop proactive risk respond strategies throughout the project life cycle" (Zou, Wang & Fang, 2008). The Australian Government and Western Australian government will look at potential benefits, cost and risk management framework in the project. This service gives an upgraded smart rider with point system, CCTV monitoring, an automated SMS services when time schedule or change in route, 24 hours of service like Melbourne and Sydney. Risk Management Framework: Identifying risk and mechanism to can improve regular monitoring (Berrado, Em El-Koursi, A Cherkaoui, M. Khaddour, 2010, pg. 19). Sometimes, there are dark spots, but a better risk management strategy can remove those spots. "Further empirical studies of management system in large infrastructure projects are also needed to understand better ‘what worked well?', And ‘under what circumstances?' in order to design appropriate forms of governance for managing risks" (Guo, Chang-Richards, Wilkinson & Li, 2014). Here is some common risk factor in the project with solutions: Geographical Risk: Dealing with property, land leasing and linking road network could be a big hazard for the project, but it needs a geographical analysis and legal documentation between authority and community. Data collection "usually involved desk studies, studies of aerial photographs, site reconnaissance, ground truthing of aerial photographic interpretations by site visits, general mapping and inspection. (Baynes, Fookes & Kennedy,2005). Environmental Risk: Uncertain climate change, pollution, noise and vibration are most considerate one under ecological risk. It can be controlled through eco-management audit scheme and implementation of ISO 14001 Provision. "Environment-related effects on surrounding livelihoods and the ecological and urban system can be a delicate issue to deal with where environmental preservation is a top priority, construction design and specifications are required to pass strict scrutiny to avoid errors that can severely jeopardise the safety and contribute to environmental and social consequences. (Guo, Chang-Richards, Wilkinson & Li, 2014)". Designing Risk: There may have a sudden change in tracks and routes. "The construction team often have a better opportunity to investigate alternatives such as new materials and engineering design, beyond normal construction practice. Such innovation brings unexpected risk" (Guo, Chang-Richards, Wilkinson & Li, 2014)". Designing risk can control through an operational team with high-risk assessment method. Operational/Technical Risk: There is a late delivery of equipment, low-quality materials, lack of quality control, problem with supply chain and poor programming strategy. So, it is always essential to have a good relationship with suppliers, inspection of the quality of the product/materials and legal documentation. Good supply chain management can resolve this risk. Financial Risk: There will be a high chance of delaying and over budgeting the project due to the hidden transaction cost of materials, large plant, accident rate, complex management activities. Proper project management plan with risk analysis is essential. External Risk: Political changes, unstable contractors, change in leaders and their strategy of dealing with the project create a huge effect. Hierarchy between departments, multi-layer relationships between stakeholders and other moral factors makes the scheme irrational. As long as the proper schedule and firm decision of the leader would be there, risk manages effectively. Health and Safety Risk: In huge mega projects, an accident occurs while construction sites and there is a problem in reaching medical treatment while being onsite. Health check-up certificate and health insurance could offer an option. Health and safety mean not only accident occurs, but sometime there may have food poisoning or allergic to food or medicine. So, considering healthy meals, fresh drinking water and time break schedule is essential. Human Resource Risk: Sudden personal issues of employees, lack of skilled labour, the problem in team coordination, conflict in departments and leaving people without notify are main risk areas in the project. The critical factors like, team coordination, hiring casual workers and refine recruitment process are the options that reduce human risk. Stakeholder Analysis: For undertaking the project, we need authority from the Australian Government, Community Welfare, Metropolitan Redevelopment Authority and Western Australia Planning Commission for the modification of rail services with advanced transport services. Public Transport Authority (PTA) governs railway related projects. There are other stakeholders like, locals, experts, media person and many more who directly and indirectly involved in the project. The outcome of the project needs to satisfy stakeholders or sponsors. The identified stakeholder in WA project for regional fleet rail who are directly or indirectly involved; Locals and regional businesses, NGOs and INGOs, Railway workers, Media Person, Organisation's employees and others. However, other stakeholders implement the project like Investors, Construction companies, Sub-contractors, Union representatives, Equipment and service suppliers. Conclusion: The initial plan for metro rail and fleet rail project needs serious geographical analysis with property, land lease and linking section. Then it would be easy to access existing railway plan with a new one. Regional Fleet rail project is very advanced and reliable for the long-term profitability for Western Australia. This project has many risk factors: positive and negative but positive risk wins here. It gets attention towards tourism business, and there will be internal and external economy flow. There will be population growth by migrating people from other parts due to digital facilities. The project wants customer focused outcomes, commercial solution, asset management, financial structure and capacity and budget of this project (PTA, Annual Report 2017-2018 (2019). From a fundamental point, it would be less expensive and more flexible for WA. References:   Baynes, F., Fookes, P., & Kennedy, J. (2005). The total engineering geology approach applied to railways in the Pilbara, Western Australia. Bulletin Of Engineering Geology And The Environment, 64(1), 67-94. doi: 10.1007/s10064-004-0271-4 Berrado, Em El-Koursi, A. Cherkaoui, M. Khaddour. A Framework for Risk Management in Railway Sector: Application to Road-Rail Level Crossings. Open transportation Journal, Bentham Open, 2010, 19p Derrible, Sybil & Kennedy, Christopher. (2010). Characterizing metro networks: State, form, and structure. Transportation. 37. 275-297. 10.1007/s11116-009-9227-7. Jones, H., Moura, F., & Domingos, T. (2014). Transport Infrastructure Project Evaluation Using Cost-benefit Analysis. Procedia - Social And Behavioral Sciences, 111, 400-409. doi: 10.1016/j.sbspro.2014.01.073 Guo, F., Chang-Richards, Y., Wilkinson, S., & Li, T. (2014). Effects of project governance structures on the management of risks in major infrastructure projects: A comparative analysis. International Journal Of Project Management, 32(5), 815-826. doi: 10.1016/j.ijproman.2013.10.001 PTA Annual Report 2017-2018. (2019). Retrieved from http://www.pta.wa.gov.au/annualreport2018 "The Metro: an opportunity for sustainable development in large cities" (pdf). Union Internationale des Transports Publics (UITP) (International Association of Public Transport). November 2003. Retrieved 2019-03-13. Zou, P., Wang, S., & Fang, D. (2008). A life‐cycle risk management framework for PPP infrastructure projects. Journal Of Financial Management Of Property And Construction, 13(2), 123-142. doi: 10.1108/13664380810898131 3 The information on this coversheet will be included in Turnitin’s similarity analysis; however, your lecturers are aware of this and will disregard it.