: ▪ Develop and implement a proactive risk management process in engineering projects and systems through a Risk Management Plan (RMP) aligning with the risk management standards of AS/NZS ISO 31000 and ISO 31010 ▪ Follow risk assessment process including selection and application of appropriate risk analysis techniques ▪ Address the different key aspects of risk management within the organisation including risk culture, risk appetite, risk perception, risk communication, risk threshold and risk exposure ▪ Apply a variety of risk treatment techniques and address optimum action plan decision making ▪ Identify, interpret and analyse stakeholder needs and expectations, identify constraints, uncertainties, risks and opportunities of the system or project (social, cultural, legislative, environmental, business, commercial, etc.)
Faculty of Engineering and IT Risk Management in Engineering (49006) Subject Coordinator and Instructor: Dr. Mohsen Naderpour Assessment Task 1-Risk Management Plan (RMP) 1 | P a g e Specification: Weight 30% Length 3500-4000 words excluding any appendices Type Individual Submission Online via UTSOnline through Turnitin submission link, multiple attempts permitted until the due date, afterward the first submission is the final one Due date Refer to the timetable Objectives: ▪ Develop and implement a proactive risk management process in engineering projects and systems through a Risk Management Plan (RMP) aligning with the risk management standards of AS/NZS ISO 31000 and ISO 31010 ▪ Follow risk assessment process including selection and application of appropriate risk analysis techniques ▪ Address the different key aspects of risk management within the organisation including risk culture, risk appetite, risk perception, risk communication, risk threshold and risk exposure ▪ Apply a variety of risk treatment techniques and address optimum action plan decision making ▪ Identify, interpret and analyse stakeholder needs and expectations, identify constraints, uncertainties, risks and opportunities of the system or project (social, cultural, legislative, environmental, business, commercial, etc.) Introduction: A Risk Management Plan (RMP) is developed to ensure levels of risk and uncertainty are properly managed within organizations. It is usually developed for a period of time (often one year) for a specific activity, product, process and project, and part or whole of the organizations. It enables those involved with the project or system to manage possible risks by defining the manner in which they will be contained and the likely cost of mitigation strategies. The RMP is developed to: • Provide a useful tool for managing and reducing the risks identified before and during the project; • Document risk mitigation strategies being pursued in response to the identified risks and their grading in terms of likelihood and seriousness; • Provide stockholders a documented framework from which risk status can be reported upon; • Ensure the communication of risk management issues to key stakeholders; • Identify the mitigation actions required for implementation of the plan. Instructions: 1. Read AS/NZS ISO 31000:2009 carefully to understand the risk management framework. 2. Read ISO 31010:2018 to learn the FMEA technique. Alternatively, you can review it through the subject textbooks. Faculty of Engineering and IT Risk Management in Engineering (49006) Subject Coordinator and Instructor: Dr. Mohsen Naderpour Assessment Task 1-Risk Management Plan (RMP) 2 | P a g e 3. Select an engineering activity, product, process, or project with a defined scope, engineering specifications, timeline, budget and internal/external constraints and prepare a RMP in accordance with the standard. Use the following framework: 4. Define your system/project boundaries and objectives carefully; you may need to simplify and define the boundaries of your report (for example “looking only at WHS risks” only) in order to achieve the word limit. 5. Establish an appropriate risk management context, including stakeholders, rules, roles and responsibilities, likelihood and consequence criteria, etc. 6. Identify risk events with potential major negative impact on selected objectives. 7. Assess the inherent and contingent risks using FMEA and propose applicable risk treatment options. 8. Clearly state the risk tolerability criteria employed. 9. Consider aspects beyond the texts and lecture materials i.e. value-added discussion. 10. Submit as a soft copy through the Turnitin link provided on UTSOnline. Be aware that Turnitin is a sophisticated system in place to detect plagiarism, whether of another student’s work or of books, internet resources, etc. 11. Reference correctly – not referencing sources correctly can lead to a mark deduction, and not referencing sources at all (including pictures, diagrams, and photographs) can be seen as plagiarism and can lead to disciplinary action. 12. UTS reserves the right to use and/or disclose your assignment. If you use information which your (current or former) employer could regard as confidential, clearly state this on the first page. UTS will endeavour to protect all such information from disclosure. 13. A late penalty of 10% of the final mark per day is applied per FEIT policy, and the assignments submitted after 5 days are not marked. P ro ce ss es , T o o ls R A C I • Identify Risks • Analyze Risks • Evaluate Risks • Treat Risks • Communicate • Monitor/Review In h er en t an d C o n ti n g en t R is k s Establish Context, i.e. rules, roles and responsibilities, etc. RMP Framework Faculty of Engineering and IT Risk Management in Engineering (49006) Subject Coordinator and Instructor: Dr. Mohsen Naderpour Assessment Task 1-Risk Management Plan (RMP) 3 | P a g e Marking Criteria: Section Weight Criteria Score Executive summary 5 Capture the essence of findings 5 Introduction 5 Define boundaries and objectives clearly 5 Communication and consultation 10 Provide consultation and communication strategies 10 Establishing the context 20 Identify all relevant stakeholders and constraints 5 Define rules, roles and responsibilities, etc 5 Explain processes and tools 5 Define risk criteria 5 Risk assessment 15 Use FMEA technique to identify, quantify and mitigate sources of risk 10 Present the risk tolerability criteria and provide a quantified Tolerability of Risk (ToR) table 5 Risk treatment 10 Determine applicable and practical risk treatment options 10 Monitoring and review 10 Discuss the monitoring and treatment processes 10 Discussion 15 Discuss the findings and discussion goes beyond lecture materials 15 Presentation 10 Structure the report appropriately 3 Reference correctly using IEEE or UTS styles 4 Conform to the word limit (3500-4000) 3 Sum 100 100 Risk management plan All information disclosed in this document is for educational purposes only. Seymour Whyte Constructions take ownership of all referenced sections of this Risk Management Plan. DOCUMENTED BY NICHOLAS DILLON 12625226 WORD COUNT: 3993 (Excluding Appendices) RISK MANAGEMENT PLAN PROJECT: MOTORWAY STORMWATER DRAINAGE – BELMORE RD INTERCHANGE Source: Seymour Whyte Constructions, Belmore Road Ramps, 2018 NICHOLAS DILLON 23/12/18 RISK MANAGEMENT PLAN 2 TABLE OF CONTENTS ..Executive Summary…………………………………………………………..…………………….3 1. Introduction…………………………………………………………………………….…………4 1.1. Project Information………………………………………………………………………...….4 1.2. Project Scope & Boundaries……………………………………………………….…………4 1.3. Project Objectives………………………………………………………………….…………4 1.4. Risk Management Process……………………………………………………………………5 2. Consultation & Communication Strategies………………………………………………..……6 2.1. Internal Communications…………………………………………………………..…………6 2.2. External Communications……………………………………………………………….……7 3. Establishing Context……………………………………………………………………...………8 3.1. Internal Context…………………………………………………………………….…………8 3.2. External Context………………………………………………………………………………8 3.3. Risk Management Context……………………………………………………………………8 3.4. Risk Criteria……………………………………………………………………………..……9 3.5. Stakeholder Analysis…………………………………………………………………………9 3.6. Project Rules…………………………………………………………………………………10 3.7. Project Roles and Responsibilities…………………………………………..………………10 3.8. Processors……………………………………………………………………………………10 3.8.1. Site Inductions……………………………………………………………………….…10 3.8.2. Safe Work Method Statements (SWMS)………………………………………………10 4. Risk Assessment Process…………………………………………………………….…..………11 4.1. Risk Identification………………………………………………………………….…..……11 4.1.1. Identification Method………………………………………………….…….…………11 4.1.2. Risk Register……………………………………………………………………………11 4.2. Risk Analysis……………………………………………………………………...…………11 4.2.1. Analysis Method…………………………………………………………….………….11 4.3. Risk Evaluation………………………………………………………………………………12 4.3.1. Hierarchy of Control (HOC)..…………………………………………………..………12 4.3.2. Risk Acceptance Criteria……………………………………………………….………12 5. Risk Treatment……………………………………………………………………….….………14 5.1. Probable Treatment Options…………………………………………………….………...…14 5.2. Effective Treatment Options…………………………………………………..….…………14 6. Risk Monitoring & Review………………………………………………………….……..……15 6.1. Processes……………………………………………………………………………..………15 7. Discussion…………...……………………………………………………………………………16 7.1. Lessons Learnt……………………………………………………………………………….16 7.2. Evaluation of RPN & Criticality…………………………………………………………….16 8. References……………………………………………………………………………..…………17 9. Appendices……………………………………………………………………………….………18 9.1. Risk Review Checklist (Task Hazard Review Cards).………………………………………18 9.2. Project Roles & Responsibilities…………………………………………………………….20 9.3. Project Rules…………………………………………………………………………..……..21 9.4. Risk Acceptance Criteria…………………………………………………………………….22 9.5. SWMS Reviewal Template…………………………………………………...……………..24 9.6. Risk Register…………………………………………………………………………………25 9.7. FMEA Analysis………………………………………………………………..…………….29 NICHOLAS DILLON 23/12/18 RISK MANAGEMENT PLAN 3 EXECUTIVE SUMMARY This document provides the risk management for the storm water construction undertaken on the M5 corridor project. It strictly adheres to the AS/NZS ISO 31000:2009 standard in identifying the nature of the risks entailed in the project and how best to treat them ensuring the best outcomes for the stakeholders affected. The Introduction details the scope of the project and outlines a series of staged phases required to effectively address the necessary aspects of the construction phase. It looks at the company’s objectives and identified boundaries for the undertaking of the works and the overall risk management process to be applied so that appropriate steps are followed to manage risks. Consultative and communication strategies are then outlined indicating methods of keeping all parties aware of the best methods to address any risk related issues. It indicates the level of responsibility in the decision making process should any issues arise so that quick and effective measures can be put in place. The context for this project is then presented with the premise for the construction outlined along with the stakeholders affected. The Risk Management Plan (RMP) context for this project is presented and details also of the risk criteria and methods to address each outlined. All risks are identified and analysed with appropriate strategies and personnel outlined to minimise risk and in turn address it should it arise. A risk register has been documented to review and monitor the ongoing risks. Treatment measures for those risks that may arise are identified and strategies are applied. This requires clear communication amongst the respective personnel who form part of the treatment process. Additionally, the FMEA technique is applied to outline all potential failure modes so that appropriate cause and recommendation to mitigate risks are put in place. Finally, a monitoring and review process is outlined that essentially audits all processes to ensure that every risk mitigation strategy is applied to ensure safety of all parties in the project. Daily, weekly and monthly reviews are conducted to constantly engage with potential risk factors throughout the duration of the project. NICHOLAS DILLON 23/12/18 RISK MANAGEMENT PLAN