Construction project management

Construction project management

Order Description

Individual assignment

Aim/objectives
The aim of this assignment is to enable students to demonstrate their understanding of an aspect of project risk management.

The objectives are to enable the students: –
• to understand the project management process
• to demonstrate their ability to apply principles to a ‘practical’ scenario
• to understand how uncertainty and risks are managed in major projects
• to develop competent ICT and presentation skills relating to the management of construction
• to learn independently

Scenario
A new railway has been proposed to improve the efficiency of railway transport between West Midlands and Scotland. Britannia Rail will link travellers from Birmingham
to Glasgow/Edinburgh through a high speed railway system that connects airports and main shopping areas in major cities between the two terminals. Britannia Rail will
integrate into existing transport system in the major cities and link travellers to London via High Speed 2 (HS2). The proposed rail is expected to provide fast, high
capacity, reliable and quality service to the general public with a total cost of about £40bn.

The project involves constructing new railway routes outside the existing railway network, as well as utilising the existing rail infrastructure, with construction of
twin bore tunnels overground at various locations. There is also a list of over 5,000 often complex commitments that were made to various stakeholders and delivering
on every one of those is important to the project.

With these challenges come risks. Similar to the HS2 and Crossrail projects, there is a range of risks that have to be dealt with appropriately. For instance, there
are technical risks associated with completing complex work safely while keeping existing traffic and railway systems operational. There are also risks and challenges
associated to the delivery of the programme with the time and cost limits.

Assignment
Britannia Rail has set up a Strategic Risk Management Unit with the following objectives:

• To reduce the likelihood of events that would have a negative impact on the project and to reduce the negative consequences of such events;
• To provide assurance to internal and external stakeholders that the project understands its significant risks and is actively managing them;
• To improve decision making, planning and prioritisation by improving understanding of uncertainty and risk.

As Head of Risk Management for the Unit, you are required to prepare a report which includes the following: –

(1) Develop and justify a risk management strategy to meet the above objectives. Strategy;

(2) Appraise risk analysis methods and recommend the most appropriate approach(es). Risk assessment. Tools for strategy.

(3) Propose and justify a risk management system (How are you going to help this softwares?) that will support the risk management strategy as well as record, assess,
monitor risk-related activities and decisions. No propose a method that has not software.

Readings
• HM Treasury (2004), The Orange Book: Management of Risk – Principles and Concepts.
• AIRMIC, ALARM, IRM (2002), A Risk Management Standard.
• BS31100 (2011), Risk management. Code of practice and guidance for the implementation of
BS ISO 31000.
• BS EN31010 (2010), Risk management. Risk assessment techniques.

• Websites to find different softwares.

Submission
Moodle only on or before Friday 15th January 2018 (week 14)
The report should have a cover page, formally structured, word-processed and be approximately
3,500 words long.

Marking scheme
The criteria for marking this assessment will be as detailed below.

• Introduction: 5% of total marks
(Does it set the scene? Has a rationale been established? Has the approach to the report been set out?)
• Evidence of research/referencing/bibliography: 5% of total marks
(Does the material appear to come from a variety of sources, demonstrating a range of research? Are the references properly incorporated into the text? Is the
bibliography set out in an appropriate way?)
• Main content: 80% of total marks
(Parts 1, 2 & 3 are 30%, 30% & 20% of total marks respectively.)
(Is the material relevant? Is the material presented in a logical way with well-reasoned arguments and a coherent arrangement?
Has additional material such as figures etc been provided to reinforce the text where appropriate? Are such figures properly cross-referenced in to the text?
• Presentation & structure: 10% of total marks
(Is the document neatly presented & suitably bound? Is it word-processed & with title sheet, contents page, page numbering, paragraph headings, 1½ line spacing etc?
Does it have a logical structure? Are there any grammatical errors?)

Time penalties
Work handed in late will be penalised in accordance with the University’s Academic Regulations: –

• Work handed in within 2 weeks of the due date will only receive a maximum mark of 50%.
• Work handed in more than 2 weeks late will not be marked; it will be graded ‘zero’.
• If your delayed hand-in is due to extenuating circumstances, you may submit a claim, which if supported, would mean your mark will not be capped.