In Assignment 2, you can select one of the following large-scale engineering system development projects and evaluate its project feasibility against the three major feasibility criteria, i.e. market feasibility, technical feasibility and financial feasibility.
work in to assess the feasibility of developing a large-scale new engineering system. The new engineering system is selected from a predetermined list by the group. Then students collect data and decide the configuration of their project and develop a complete feasibility report with marketing (identifying if people will use it), financial(costs), and technical elements (technical feasibility of the project) all covered.
School of Engineering — MANU2466 Risk Management and Feasibility Assessment 2: Project Feasibility Report Assessment Type: Group report Word limit: N/A Due date: Sunday of Week 5, 23:59 (Melbourne time) Length: N/A Weighting: 35% Overview In Assignment 2, you can select one of the following large scale engineering system development projects and evaluate its project feasibility against the three major feasibility criteria, i.e. market feasibility, technical feasibility and financial feasibility. Within the same groups as Assessment 1, students work in to assess the feasibility of developing a large scale new engineering system. The new engineering system is selected from a predetermined list by the group. Then students collect data and decide the configuration of their project and develop a complete feasibility report with marketing (identifying if people will use it), financial(costs), and technical elements (technical feasibility of the project) all covered. Learning Outcomes Course Learning Outcomes (CLOs) Upon successful completion of this course you should be able to: • Design, develop and implement a systems approach to identify business opportunities and risks of engineering projects and to develop strategies and plans to investigate, analyse and synthesise complex information, problems, concepts and theories for achieving the desirable outcomes (CLO 3) • Manage risk in technologically intensive organisations including those with an ever-changing technology base (CLO 5) • Adopt and elaborate innovative ideas and incorporate these into management processes (CLO 6) Page 1 of 6 Assessment details The focus is on project feasibility. The group will submit a project feasibility report. Your report should be submitted as a group and will be assessed as a group. This means even if you are in a group of one or two members, there is no bonus points given to less available resources. Project 1: SkyRail The Victorian government has just announced a plan to build a high rise rail for Pakenham-Cranbourne line. The idea is to raise the rail system so that ground areas can be used for other purposes including recreation, cycling, business, roads, etc. However, to achieve these advantages, it is also possible to build rail systems underground. There is risk that the public will reject this idea. Many cities in the world have similar kind of systems with varying characteristics. These can be used as examples in this assignment. Your project is NOT to evaluate the feasibility of Pakenham Cranbourne line because it has already been approved to build and work is underway. Your project is to select another rail line anywhere in the world with similar demand of road surface and transport requirements and evaluate its feasibility. Once you select the city and line locations, you need to design the rail system and include some new technologies to make it the best rail line in that city. Project 2: New container port for Melbourne Due to the congested Port of Melbourne container terminal, and the restriction of large container ships entering and leaving Port Phillip Bay, the Victorian government has been thinking to develop a new container terminal at Port of Hastings. The idea has been examined by several Victorian Governments. However, no definite decision has been made on this project due to various reasons. Many cities in the world have similar kind of systems with varying characteristics. These can be used as examples in this assignment. The new container port idea has not been approved. No work has been done so far. Your project is to evaluate the feasibility of this idea. Project 3: Your proposed project If you have interest in some large-scale engineering development projects, which are different from the two listed, you are free to make a proposal. You need to submit a one-page intention to develop for approval. Case without approval will not be assessed. The case must be of similar level of complexity and scale as the SkyRail of New container port projects. The one-page proposal should have: • group members • title • brief description of the project • why the project is comparable to those listed. Information for assessing the case should be publicly available. Page 2 of 6 http://www.vic.pics/melbourne-sky-rail-project/ http://www.vic.pics/melbourne-sky-rail-project/ A suggested outline of the report is: • define the scope of the feasibility study o define project o identify assumptions o determine potential stakeholders o define decision objectives, sustainability standards. • market analysis o present and anticipated market o review of location characteristics of building o outline of technology required and options available, evaluate attractiveness to market • technical analysis o evaluate maturity of technologies o statement of anticipated problems and risks • financial analysis o estimate of necessary investment o indication of possible sources of funds o estimate of returns and profit • discussion and conclusion. Page 3 of 6 Academic integrity is about honest presentation of your academic work. It means acknowledging the work of others while developing your own insights, knowledge and ideas. You should take extreme care that you have: − Acknowledged words, data, diagrams, models, frameworks and/or ideas of others you have quoted (i.e. directly copied), summarised, paraphrased, discussed or mentioned in your assessment through the appropriate referencing methods, − Provided a reference list of the publication details so your reader can locate the source if necessary. This includes material taken from Internet sites. If you do not acknowledge the sources of your material, you may be accused of plagiarism because you have passed off the work and ideas of another person without appropriate referencing, as if they were your own. RMIT University treats plagiarism as a very serious offence constituting misconduct. Plagiarism covers a variety of inappropriate behaviours, including: − Failure to properly document a source − Copyright material from the internet or databases − Collusion between students For further information on our policies and procedures, please refer to the University website. Assessment declaration When you submit work electronically, you agree to the assessment declaration. Page 4 of 6 Referencing guidelines You must acknowledge all the courses of information you have used in your assessments. Refer to the RMIT Easy Cite referencing tool to see examples and tips on how to reference in the appropriated style. You can also refer to the library referencing page for more tools such as EndNote, referencing tutorials and referencing guides for printing. Submission format Upload as one single file via the assignments submission page within Canvas. Use RMIT Harvard referencing style for this assessment. https://www.rmit.edu.au/students/student-essentials/rights-and-responsibilities/academic-integrity https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment/assessment-declaration http://www.lib.rmit.edu.au/easy-cite/ https://www.rmit.edu.au/library/study/referencing https://www.rmit.edu.au/library/study/referencing Working as a group Many courses require you to work in a group to complete various assessments. It is the collective responsibility of all group members to actively contribute and complete any project. If any individual is unavailable during this time, the group will need to adjust responsibilities to allow for the work to be completed. It is recommended that students elect a group leader to take responsibility for this. Working in a group requires consistent interaction and communication. This should be done within Canvas, Google Hangouts, email etc. Should any individual be unavailable for an extended period of time, it is the responsibility of the group members, or group leader, to advise their tutor to discuss the situation. This should be raised as early as possible if students wish to apply for an extension or special consideration. Only one copy of a group assessment needs to be submitted, however all group names must be added to the report submission. For further information about understanding group work, visit RMIT Learning Lab. Assessment Criteria Criteria Ratings Pts Criterion 1: Define the scope of the feasibility study High Distinction (HD) Distinction (DI) Credit (CR) Pass (PA) Fail (NN) 5.25 to >4.19 Pts 4.19 to >3.67 Pts 3.67 to >3.14 Pts 3.14 to >2.62 Pts 2.62 to >0 Pts 5.25 Page 5 of 6 https://emedia.rmit.edu.au/learninglab/content/group-work-0 Criterion 2: Market analysis High Distinction (HD) Distinction (DI) Credit (CR) Pass (PA) Fail (NN) 7 to >5.59 Pts 5.59 to >4.89 Pts 4.89 to >4.19 Pts 4.19 to >3.49 Pts 3.49 to >0 Pts 7.0 Criterion 3: Technical analysis High Distinction (HD) Distinction (DI) Credit (CR) Pass (PA) Fail (NN) 8.75 to >6.99 Pts 6.99 to >6.12 Pts 6.12 to >5.24 Pts 5.24 to >4.37 Pts 4.37 to >0 Pts 8.75 Criterion 4: Financial analysis High Distinction (HD) Distinction (DI) Credit (CR) Pass (PA) Fail (NN)