Conducting a Stakeholder Analysis and Developing a Risk Matrix for Wembley Stadium Case Study

Question 1. Conduct a stakeholder analysis by providing a Table with column headings ‘Organisational
Objectives’, ‘Behavioural Outcomes’, ‘Risks’, ‘Strategic Factors’ and ‘Measures’. Use the
information provided in the Wembley Stadium case study, referring to the list of stakeholders
for the project to assist with the completion of the Table.
Identify any six (6) key stakeholders, with the Wembley National Stadium Ltd (WNSL) as the
‘Organisation’. The six key stakeholders must include at least two (2) subcontractors and one
(1) bank or financial institution. Complete the Table by doing the following:
i. Identify WNSL’s organisational objectives (as many as you can) in relation to each of
the identified key stakeholders.
ii. What do you think are the desirable behavioural outcomes that the WNSL would
expect from each of these stakeholders?
UTS 15319 Final Assignment, May 2016 – Page 2
iii. What are the potential risks faced by the WNSL in their dealings with each of these
stakeholders? Next to these risks, in a sentence or two indicate how these may be
mitigated.
iv. What are the strategic factors? In other words, what does each of the selected key
stakeholders want (in return) from the WNSL?
v. Identify some measures (i.e. metrics) by which each of the key stakeholders could
establish their level of success in doing business with WNSL.
Note that by filling out the Table, you would have answered questions (i) to (v).
Question 2 (25 Marks)
Refer to the presentations from the course and develop a suitable risk matrix and complete the
following:
i. Identify the hazards and risks for the key stakeholders that you have identified above.
ii. Assess the probability (likelihood) of occurrence, the potential consequences, and the
resultant risk rating (based on your risk criteria) if no mitigating measures are
established / implemented.
iii. For each of these risks, indicate what mitigating (control) measures should be
instituted in order to reduce the likelihood of occurrence and the severity of the
consequences.
iv. Re-assess the likelihood of occurrence, the potential consequences and the revised
risk rating in view of these measures (i.e. effectively establish and assess the residual
risks).
Note that in filling out the columns of the risk matrix, you would have answered (i) to (iv).
The final question below (v) is not listed on the risk matrix, and needs to be answered
separately.