Cpc50210 Diploma Of Building Assignment Answers

Answer:

Introduction

This assessment has been designed to allow you to provide partial evidence of your competence in the unitBSBPMG508A Manage project risk.

Note: you will need to complete additional assessments as you progress through your course to demonstrate competence for all aspects of the unit.

In completing your final assessments, you will show evidence of your ability to:

• Determine areas of risk related to a building project
• Monitor and control project risks
• Assess risk management outcomes.

For this assessment you will need to read the scenario below and complete a series of tasks which will demonstrate your understanding and ability to apply practical applications related to managing risk when working on construction projects.  A scenario has been provided and whilst you may draw on your workplace skills and knowledge to complete the tasks you must apply it to the scenario.

The use of additional workplace templates and documents are acceptable but where specified any templates provided in this assessment must be completed as they will form part of your assessment evidence.

Project

Scenario

The management of all risks to the business is essential and does not only encompass WHS but includes other risks which may impact on the success of the business.

Jake Sullivon was impressed with your outcomes from the WHS risk management work you had completed for him and would now like you to look at the overall project risk for one of the current construction sites – Greenwich Road. The project is currently in preparation and will be ready to commence shortly. After the project commences he would also like you to monitor and control the project risks associated with the site and establish any improvements which can be utilised for future projects.

You will need to liaise with relevant personnel and stakeholders and report back to Jake at the various stages of your management of the project risk. Later in the project, you are also asked to explore a risk management problem with the King residence. 

Develop a risk management plan

To ensure that all Sullivon worksites meet the quality standards of the organisation, (including all compliance and procedural requirements), all projects which are undertaken must have a risk management plan. The purpose of the plan is to ensure that all organisational risks have been identified and factored into the project costs and appropriate controls are established which meet the criteria for the specific project.

For this part of the assessment you will need to complete two (2) tasks as follows:

Task (1):

For this task you have been provided with a template in Appendix A – Risk Management Plan (Greenwich Road). You must complete all sections of the template in detail and draw upon your current skills, knowledge and workplace practices related to operational risk management.

Before you complete the plan, read each section, conduct any necessary research using both the Sullivon website and documents and any external sources.

When completing the template, you must address the following points:

1. Executive Summary– already completed in the template
2. Introduction:

Provide a brief overview of:

• The objectives of the risk management plan including the framework for risk management. 

Who will participate in the consultation process and review of risk management for the project from Sullivon Constructions 

3. Risk Assessment:
   • Based on the Greenwich Road plans (refer Sullivon documents), download a copy of the Sullivon Risk Assessment Form and complete a general risk assessment for this project. You will need to identify three (3) possible risks to the business which are not WHS Once completed, attach and submit as part of your risk management plan. 

4. Risk Analysis and Evaluation:

Once risks have been identified they must be analysed by determining how they might affect the success of the project.  Generally, the impact of a risk will realise one or any combination of the following consequences:

• Project outcomes (benefits) are delayed or reduced;
• Project output quality is reduced;
• Timeframes are extended;
• Costs are increased. 

Using the risk rating provided in the template and based on the risks you have included in your risk assessment, address the following:

• How the identified risks could potentially impact on the project in terms of the four categories of consequence (e.g. x have potential to delay or reduce project outcomes/reduce output quality etc.);
• Summarise the distribution of risks according to the grading (number of ‘A’ Grade risks, ‘B’ Grade risks etc.)
• List any ‘A’ Grade risks.

5. Risk Mitigation:

Based on the risks you have identified, develop a strategy to identify the stage of the project when action is to be undertaken to reduce the chance that the risk will be realised. To do this, review the Sullivan Construction Quality Policy and answer the following with reference to how you have met this policy for each of your identified risks:

• Any major budgetary implications
• What type of mitigation action is proposed?
• Who is responsible for undertaking the proposed action; and
• Any cost implications for the project Budget 

6. Risk Monitoring:

In this section of the template you will need to determine:

• The frequency of reviews on risks will be taken
• Who will be involved in the review of risk management
• How often risks will be monitored to ensure that appropriate actions are taken to reduce any impact
• The frequency of reports and updates to senior management 

7. Roles and Responsibilities:

You need to establish two key areas for this section of the template:

• Your own responsibilities are as the site supervisor and the person in charge of managing this risk process 

• The responsibilities of your team (e.g. leading hands, permanent workers, any specific contractors you feel could participate.) 

8. Communications:

Create the strategy for communicating all risk management processes and procedures to all relevant parties related to the site and the specific project at Greenwich Road. 

9. Approvals:

Once you have completed the template, sign off on the document.  

Task (2):

10. Having completed the risk management plan you must now email it to Jake and seek his approval for implementation.

Using the email template provided in Appendix B, draft an email to Jake, outlining the purpose of the email, what you have attached and requesting his feedback and approval to proceed.  

Part B:Assessing and reviewing risk management outcomes

The project at Greenwich has been operational now for several weeks and you have been overseeing each stage of the project. You have just conducted a meeting with key personnel assisting you with the project and they have reported a couple of areas of risk which you must now complete a report for and notify Jake.

The areas of concern which were raised are:

• Frame and truss supplier will not meet the deadline and delivery will be delayed by two weeks.
• Inspection of underground pipes has identified that one section of pipe has been damaged and must be replaced before the next stage of the construction is completed

Using the email template in Appendix B, write a report to Jake Sullivon, listing each issue.

• Provide recommendations on how they can be corrected and the steps which need to be taken to reduce the specific costs to the organisation (this could be timelines for completion, monetary costs etc.) Ask yourself – what needs to be done to ensure that the overall project costs and timelines do not exceed the contracted date?
• Seek Jakes advice and/or approval for you to proceed with your recommendations. 

Part C: Identify risk management framework issues and recommend improvements for additional project

Whilst overseeing the risk management process for the Greenwich Road project, Jake Sullivon has contacted you with concerns about a client complaint. After recent heavy rain the shed at the back of King Residence, which is nearing completion, has been inundated with water seeping in at floor level through the southern wall. An inspection has revealed a fault with the slab level. The completion checklist cannot be signed off until the problem has been rectified.

Jake has asked to carry out a review to identify any risk management framework issues and causes, and to make recommendations to improve the process.

Complete the flowing table to present your findings to Jake about the risk management process for the King residence project.   

Risk Management Improvement table

Items to submit as evidence for this assessment: 

Provide a brief overview of:

The objectives of the risk management plan (including the framework)

Who will participate in the consultation process and review of risk management for the project from Sullivon Constructions

3. Risk Assessment: Refer to the attached form

<attach your completed Sullivon Construction Risk Assessment Form

to the back of this document>

4. Risk Analysis and Evaluation

Risk Matrix

Once analysed, risks should be evaluated to determine the likelihood of a risk or threat being realised and the seriousness, or impact, should the risk occur.

'Likelihood' is a qualitative measure of probability to express the strength of our belief that the threat will emerge (generally ranked as Low (L), Medium (M) or High (H)). 

'Seriousness'is a qualitative measure of negative impact to convey the overall loss of value from a project if the threat emerges, based on the extent of the damage (generally ranked as Low (L), Medium (M), High (H) or Extreme). 

From this risks will be graded as A, B, C, D or N according to the following matrix:

The ratings for likelihood and seriousness determine a current grading for each risk that in turn provides a measure of the project risk exposure at the time of the evaluation.

How the identified risks could potentially impact on the project in terms of the four categories of consequence (e.g. x have potential to delay or reduce project outcomes/reduce output quality etc.);

Summary of the distribution of risks according to the grading

5. Risk Mitigation

Major budgetary implications

Type of mitigation action is proposed

Who is responsible for undertaking the proposed action?

Cost implications for the project Budget

The frequency of risk reviews

Who will be involved in the review of risk management?

How often risks will be monitored to ensure that appropriate actions are taken to reduce any impact

The frequency of reports and updates to senior management

 Communication Strategy

Approvals

The Risk Management Plan is a managed document. This document is authorised for release once all signatures have been obtained.

PREPARED: ( name of the student>risk management >Jake Sullivon) :DATE: _24__/_08__/__2018_

(for acceptance) (<name>, <Project Title>, Site Manager)

ACCEPTED: Risk management> Sullivon Constructions: DATE: __24_/__08_/_2018__

(for release) (<name>)

on behalf of the <Project Title>Sullivon Constructions