Assignment- Risk Assessment (Engineering Stream)
Question:
The previous assignments have focussed on the conduct of risk assessments and the necessity to consider whether the process is always the most preferred. Issues such as risk perception, identification of stakeholders and communication were also addressed. For the final assignment, you will need to undertake the following.
For this assignment:
Identify a project with which you are either familiar with, or would like to study and which has some risks associated with it - during the project development and operational phases.
For this project you will need to develop the scoping document for the project directors to approve the commencement of the risk assessment. This scoping document should detail what is included and/or excluded from the project:
1. The scope of the project - including stakeholders
2. How will you measure the risks associated with both phases of the project
3. Who are the stakeholders to the project and how would they perceive the risks?
4. How would you determine whether the risks are acceptable to each stakeholder group?
5. Outline the proposed methodology to conduct the risk assessment
6. Details on the project team - what specialisations/professions would you include when and why
7. What data would you need to collect/collate and how would this be undertaken (eg., timeframes and equipment needs)
8. What would be the process for validating data obtained
9. Outline a participation/communication strategy for identified stakeholders to ensure they fully understand the rationale for the risk management approach as well as them being provided with the opportunity to input into the decision making process
10. Describe a monitoring and review program that would be used following development and adoption of the risk management strategy (note that you are not developing the risk management strategy)
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.