CSM80001 - Risk Management - Project Costing - Assignment Help

CSM80001  Project Costing Risk Management Assignment Help

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You are the Risk Manager of a major construction company invited to submit an “Expression of Interest” (that is, pre-qualify) to tender for the design and construction
contract for the 2.6km Hume Freeway extension and upgrade through Albury-Wodonga and the 3.7km connection to the Murray Valley Highway. Your company is based in Melbourne and has experience with major freeway construction in Melbourne and Victorian country areas. This project however is the largest the company has yet tackled and represents a significant growth opportunity. The company has had initial discussions with its bankers regarding the cash flow implications and its bankers have asked to see the business case and risk assessment.

You are requested to prepare a Risk Analysis and recommendations for your company, identifying and ranking the major risks to your company of participating in this project, as set out below.

1. Identify 10 risks (threats and opportunities) that may occur if your company tenders for this project and wins it. As an aid to this process, you might consider risks under the following headings, but you should always first consider any specific project risks before evaluating more generalized risks such as those indicated below:

Reference List of Generic or common risks:
1 Project Items to Consider for Risks
1.1 Design
1.2 Geotech
1.3 Services (Electricity, Gas, Telecoms, Water, Sewer, Fuel)
1.4 Construction, Access, Traffic, Site facilities
1.5 Resources, Labour, Plant, Materials, Subcontract
1.6 Environment, (Air, Noise, Water, Fauna, Flora)
1.7 Operations, Users, Maintenance of built items till handover

2 Review of Sources of Risk
2.1 Design/Technical Issues
2.2 Existing Infrastructure, Services and adjacent land use
2.3 Human Behaviour
2.4 Costs/Budget
2.5 Commercial/contractual
2.6 Security (vandalism, illegal entry)
2.7 Resources, materials, suppliers

3 Review of Areas of Impact
3.1 Assets (Public and Private)
3.2 People, OH&S
3.3 Revenue / Funding / Finance
3.4 Costs (direct, indirect, consequential)
3.5 Environment
3.6 Community / business

3.7 Performance
3.8 Timing
3.9 Intangibles (reputation, goodwill, quality of life)

List the risks from 1 to 10. This list will form the basis for your Risk Management Plan.

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