Risk Managementstudent will submit a risk management plan as a written report
select a case from a predetermined list, conduct research about the case, and collaboratively write a report on the risks for success of the case according to the risk management framework. Risk analysis must include a quantitative assessment section.
some guidelines for recommendation: • Executive summary (1 page) • Case introduction and research findings about the case (3 pages) • Application of the risk management framework leading to success of the project chosen. (Establish the context, 3 pages) • Risk register, summarizing identified risks from the project (3 pages, suggest in landscape format) • Detailed discussion of each risk, through identification, analysis, evaluate and treatment. Include all relevant assumptions, and quantitative assessment where applicable. (Refer to Modules 1.7 - 1.19) (3 pages for each risk) • Conclusion (1 page) Thus, your report should have about 15 pages in total, excluding references. Please ensure you adhere to the referencing style and relevant requirement at RMIT Online and ensure you reference all work cited School of Engineering — MANU2466 Risk Management and Feasibility Assessment 1: Risk Management Plan Assessment Type: Group report Word limit: N/A Due date: Sunday of Week 3, 23:59 (Melbourne time) Length: No word limit Weighting: 35% Overview Assignment 1 will help to develop your ability to manage a large-scale risk management process. This assignment a group assignment. The group will submit a risk management plan as a written 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. Student groups, 3-4 students, select a case from a predetermined list, conduct research about the case, and collaboratively write a report on the risks for success of the case according to the risk management framework. Risk analysis must include a quantitative assessment section. Students will organize amongst themselves to split up the work, there are no roles defined for these groups. Learning Outcomes Course Learning Outcomes (CLOs) Upon successful completion of this course you should be able to: • Identify risks in engineering and project management and strategic decision making (CLO 1) • Apply the basic concepts and techniques of evaluating reliability and assessing risk (CLO 2) • Analyse and manage risks in an engineering project and technology-focused business environment and develop a plan of mitigation. Establish principles from concepts and develop standard processes for sustainable management (CLO 4) Assessment details The international risk management standard ISO 31000 should be used to develop your risk management plan. Be sure to identify at least 3 risks in your report. Your group should select a case from any of the following to use in the creation of your risk management plan: • third runway for Melbourne Airport • new Sydney Airport (can be located other than Badgerys Creek) • airport train for Tullamarine Airport • tunnel links to Western Distributor in Melbourne • city rail tunnel linking Western and Southern Train Lines • Melbourne-Sydney High Speed Train • design and built new Australian submarines to replace Collins Class • reduce greenhouse gas emission by half by 2050 • National Broadband Network roll out 100% by 2020 • new wind farm in Victoria • complete missing link road for Melbourne ring road • north-south water pipeline for Australia • a new dam built in Victoria to double water storage • new container port at Darwin • your selected case (see conditions and approval procedure below). Marks for Assignment 1 will be accessed and recorded as a group. Individuals will get the scores of the group rather than individually different scores. You need to work within the group and balance your work. The course coordinator and tutor are not responsible for distinguishing who should get more marks than others in the group. If you feel you may have the chance of being treated unfairly, e.g. you think you have contributed more than other group members and should deserve more marks, you need to separate into a new group of your own before submitting your assignment. If you want to work on a case of your own interest (as a group), you can propose the idea to the tutor by submitting a one-page intention to develop for approval. A case without approval will not be assessed. Information for assessing the case should be publicly available. The one-page proposal should have: • group members • title • brief description of the case • why the case is comparable to those listed. Page 2 of 5 Academic integrity and plagiarism 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 3 of 5 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 http://www1.rmit.edu.au/library/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: Clarity of the context of the case 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 2: Appropriateness and clarity of the risks identified. At least 3 risks are required 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 Page 4 of 5 https://emedia.rmit.edu.au/learninglab/content/group-work-0 Criterion 3: Thoughtful application of techniques to each risk identified above. Likelihood and consequences assessments are reasonable 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 4: Elaborated reasoning on the evaluation of risk levels based on the risk framework matrix High Distinction (HD) Distinction (DI) Credit (CR) Pass (PA) Fail (NN) 3.5 to >2.79 Pts 2.79 to >2.44 Pts 2.44 to >2.09 Pts 2.09 to >1.74 Pts 1.74 to >0 Pts 3.5 Criterion 5: Clarity of planned actions for all risks that are found unacceptable 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 7: General proposal structure, logical development of thoughts,