MGMT6019 Engineering Risk Management Analysis Report

Interim Decision

As per the meeting conducted on 20^th December 2006, the interim decision has been taken to assess all the risks associated with the project before the contractor is given the green light to initiate the project. A supervisor has also been appointed to monitor the project plan and the site of the project and report to the project manager accordingly.

Special Instructions

Follow Up Implementation
Who will act: Project Manager Contractor	Who will give feedback: Supervisor Finance Manager
When During monitoring the progress of the project	How Project progress log, documented reports
When During project assessment at the end of each week	How Team meeting

Interim Decision Formulation

1. Most Serious Consequences Requiring Control

Disasters inside the mine or at the site of the construction may result in loss of lives of a huge number of people (workers and on field officers).

2. Time Available for Decision

The maximum time available for decision is 1 week.

3. Purpose of Decision

The purpose of the decision is to ensure safety and welfare of the workers as well as the other on site officers involved in the project.

4. Possible Decisions

Possible decisions include providing protection gears for the miners, installation of disaster recovery camp near the site, providing constant supply of budget and man power and others.

Problem Seriousness Assessment

The problem will affect	What affect?	How seriously?
Within Organization: 1. Workers 2. Officers 3. Departments 4. Machines 5. Operations / Services 6. Finance 7. Targets	1. Site accidents 2. Operations 3. Over allocation of duties 4. Technical issues 5. Scope creep 6. Budget overshoot 7. Tight schedule	1. Extreme 2. Moderate 3. Moderate 4. High 5. High 6. High 7. Medium
Outside Organization: 1. Customers 2. Reputation 3. Competitors 4. Society 5. Environment 6. Political Setup	1. Lack of supply of product 2. Major accidents 3. Increase in efficiency 4. Proximity to gold mine 5. Negative impact on others 6. Political issues	1. Low 2. Very High 3. Medium 4. Medium 5. Very High 6. High

 

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