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Risk Management Plan for Water Features

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Submitted By Vipinappoos
Words 5780
Pages 24
49006- Risk Management In Engineering

Risk Management Plan * Proposed Darling Harbour Water Feature

Prepared by
Vipin Appu Parambil Vikraman
11789373
29th March 2015

Executive Summary

This report presents the risk assessment and risk treatment plan for the three new water features of Darling Harbour precinct along with the installation of the public realm. This project is a part of the Convention Centre Redevelopment plan and the risk assessment and treatment, is carried out by abiding with the AS/NZS ISO 31000:2009, SA/SNZ HB 436:2013 and IEC/ISO 31010:2009.
Firstly, an introduction of the iconic location, Darling Harbour is briefed. The project objectives, scope and boundaries of the new water features installation is explained along with the risk management process adopted for this project.
Secondly the context for risk is established inclusive of internal and external context. The stakeholder analysis and communication and consultation stage, explains the various stakeholders of this project and their mode of communication.
Thirdly, risk criteria, risk identification, risk analysis and risk evaluation is developed based on the possible risks that may occur with this project. During risk identification potential risks related to the project was generated. The application of risk severity matrix and FEMA analysis were conducted to identify the likelihood and consequence of risks. ALARP principle was used for risk evaluation and identifying possible risk tolerability.
Finally, risk treatment and risk mitigations were established with prioritizing the risks associated with this project. Risk monitor and review, the final stage of risk assessment described helps in continuous improvement of the project.
It can be concluded after various risks studied in this report; precedence is given to labours and public’s health and safety.

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