SRQ763-Risk Management Systems in Construction Project Report – Management Assignment Help

Assignment 1

Brief description of assessment task:

This assessment task requires students to submit an individual report on a given topic pertaining to construction risks and their management in the construction industry.

This task assesses your achievement of the following Unit Learning Outcome(s):
ULO1: Identify and analyze the causes of risk on complex construction projects to make recommendations to minimize the identified risk.

Assessment Task
Evidence indicates that the construction industry’s track-record of delivering projects is very poor – a significant number of construction projects, particularly large major projects, are delivered late and over-budget1.

• In a well-referenced research report of no more than 3000 words, critically review how construction contracting and contracts contribute to the problem of overruns and delays (in other words, how does the current approach to construction contracting contribute to the problem of poor cost and time performance?). Your essay should begin with a brief narrative overview of the current track-record of project delivery before critically detailing how contracting contributes to the problem of poor project delivery. In addition, your essay should conclude with reasoned recommendations of possible innovative contracting and project risk management strategies to help in the cost-effective and efficient delivery of major construction projects. 

Assignment 2

Brief description of assessment task:

This assignment requires students to work together in groups to identify and address the complex construction risks involved in the procurement, delivery and operation of large construction projects.

This task assesses your achievement of the following Unit Learning Outcome(s):

1. ULO1: Identify and analyse causes of risk on complex construction projects to make recommendations to minimise the identified risk.
2. ULO2: Demonstrate an understanding of project risk management systems in construction project delivery.

Assignment Task:
Major capital intensive projects involving several stakeholders typically present complex risks that are difficult to manage effectively. This assignment requires you to undertake a case study analysis of the ongoing WestGate Tunnel Project in Victoria

1. From a client’s perspective, identify and discuss 3 major construction risks of the case study project. Propose possible approaches clients can adopt to limit their exposure to those risks.

2. If this project used a design and build delivery approach, discuss 3 key risks the contractor might be exposed to and how the contractor might try to limit their exposure to these risks.

3. The Westgate Tunnel project is experiencing significant delays and the cost of the project continues to increase. Undertake a narrative analysis of the sources of the delays and how this could have been prevented.
The report should be contextualised for the given case study. Do not rely on internet website only to complete this task – the report should include academic references that support the discussions and points you present.

Assignment 3

This task assesses your achievement of the following Unit Learning Outcome(s):

1. ULO1: Identify and analyse causes of risk on complex construction projects to make recommendations to minimise the identified risk.
2. ULO2: Demonstrate an understanding of project risk management systems in construction project delivery.
3. ULO3: Develop risk management plans through the application of risk management theory and risk analysis.
4. ULO4: Apply the principles of a qualitative and quantitative risk management approach to initiate effective and practical solutions on construction projects.

Assessment Task
After a prolong pre-qualification process, MTN-HQ, comprising Merga Group (Developer), Tailor Ltd (Contractor), Nashira (Designer) and Helix-Quartz (Project Manager), has been selected to design and construct the Geelong Waterfront Safe Harbour Precinct. The site is located at the busy Waterfront in Geelong along the Cunningham

Pier. Key features of this project include:
• A 400m long floating wave attenuator with public promenading access to the first 240m.
• Expanded Royal Geelong Yacht Club marina with additional floating berths.
• New Maritime & Education centre to replace the existing Victorian Sailing School and Club Off the Beach Building.
• New Royal Geelong yacht Club Clubhouse building.

You are required to prepare a risk management plan that addresses the following:
1. Identify and evaluate the project risks associate with this proposed project
2. Analyse and quantify the key project risks identified at the planning and construction stages of the project. Use reasonable assumptions and input from related or similar projects.
3. Develop a risk management plan that the consortium can utilise to reduce the impact of risks on the project.