SLE720 RISK ASSESSMENT AND CONTROL- ASSIGNMENTS

Assignment 3 - Risk Assessment (Engineering Stream)

Due date: Friday 27th September 2019 Marks: 50%

Word Limit: 2,500 words

Question:
The previous assignments have focussed on the conduct of risk assessments and the necessity to
consider whether the process is always the most preferred. Issues such as risk perception, identification
of stakeholders and communication were also addressed. For the final assignment, you will need to
undertake the following.

For this assignment:

Identify a project with which you are either familiar with, or would like to study and which has
some risks associated with it - during the project development and operational phases.

For this project you will need to develop the scoping document for the project directors to
approve the commencement of the risk assessment. This scoping document should detail
what is included and/or excluded from the project:

1. The scope of the project - including stakeholders

2. How will you measure the risks associated with both phases of the project
3. Who are the stakeholders to the project and how would they perceive the risks
4. How would you determine whether the risks are acceptable to each stakeholder group
5. Outline the proposed methodology to conduct the risk assessment
6. Details on the project team - what specialisations/professions would you include when and why
7. What data would you need to collect/collate and how would this be undertaken (eg.,
timeframes and equipment needs)
8. What would be the process for validating data obtained
9. Outline a participation/communication strategy for identified stakeholders to ensure they fully
understand the rationale for the risk management approach as well as them being provided
with the opportunity to input into the decision making process
10. Describe a monitoring and review program that would be used following development and
adoption of the risk management strategy (note that you are not developing the risk
management strategy)