Construction of Waterview Connection Inherent Ethernet Project

Question: Describe about the Construction of Waterview Connection for Inherent Ethernet Project. Answer: Project context This report aims at addressing the risks at Waterview Connection project underway, it will entail assessing of the risks inherent in the project. The report entails identification of risks, analysis, evaluation and risk treatment. Tom said the risk is the event with uncertainty in its occurrence and the end results are the positive or negative effect on time, cost, quality and the shareholders Terry, 1990, p.128). It is a deviation from the expected result of undertaking the project. The objectives have got various aspects such as health and safety and the aspect of environmental goals achievement. Risk management is the management of threats which are internal and the external affects the completion of the project and hinders success. Technical risks The project seeks to add additional lanes to the west side and east of to provide extra space for motor vehicles at Waterview. There is a need for improving the traffic because of the additional volumes of motorcars. The first option is constructing three lanes in the big tunnel to ease congestion. The construction of the three lanes adds a cost of three hundred and ninety US dollars; benefits derived from this particular activity are less compared to the extra costs that have been incurred. The second option gives more benefit compared the previous option and thus it is necessary to consider for tendering purposes. The cost of the project is estimated to be around 2.77 billion dollars in the year 2015 when the project cost accountant generated the figures. This was inclusive of other costs incurred in contributing funds towards the completion of the project. There were other officials who did an estimation of the overall cost to be 1.89 billion dollars hence there is a rise in the c ost from the earlier due to the change in physical environment and factors affecting the cost. External risks The feedback was obtained on the effects of the proposal impact on the local air quality; it is identified where one hundred and seventy-eight respondents are concerned about the air. Some were concerned about carbon emissions whereas others were concerned about the dust to be specific. Jefferson said there was a concern of individuals particularly on the air quality around the local school/kindergarten (Alex, 2009, p.268). The Phyllis reserve and Waterview Park were highlighted as the main areas to be affected by the sparks with same impacts as in Allan Wood reserve. Loss of Allan Wood reserve is a tragic occurrence as it serves so many families despite the fact that part of it was not zoned as an open space, still the area was important to the community. The project could lead to loss of facilities that are used in educating the community and some local shops. Property acquisition and demolition of people who are affected hence fair compensation is needed to cater for their needs s ince their property was destroyed as a result of the project construction. Organizational risk The risk that people will be affected in a lot of time spent while in the traffic and this will hinder NTZA to achieve what it had outlined in the framework for transport improvement. The congestion is caused by many vehicles accessing the motorway with enlargement of the motorway to handle a huge number of motors. The risk of technology in provision of government services hence it will deliver in facilitating road transport network through the benefit that has been derived. The fall in pollution of air as a result of the quicker movement and better vehicles which are road worthy. New business opportunities are available in the construction of the tunnel; existing businesses will record an increase in revenue and net profit. The results are obtained from responses received from individuals in the community and the body of stakeholders. Maxwell said negotiations of the property are being held where the community and stakeholders were asked whether they support an earlier completion of the Waterview than it was expected (Lukas, 2000, p.156). The effects of the combined water tunnel have been discussed and suggestions to reduce the effects have also been given out. Project management The risk of failure to assess the environmental factors, poor design and poor methodology makes the ARC be concerned about the manner in which the social, economic impacts and environmental have been valued. The committee points out the lack of plans which are fully funded for effective mitigation measures. There are assumptions in the analysis and it includes: accuracy of the data, the project will be completed on time within the given time. Jackson said the checklist analysis is a methodology of risk identification by comparing what has been delivered with the items of checking of compliance (Colmax, 2001, p.199). Diagrams have been used where there is a need for illustration by use of graphs providing a representation of the statistical data collected. The SWOT analysis has been encompassed in the project researching and in this perspective is the identification of strengths, weaknesses, opportunities, and threats in the undertaking of the project. The use of judgment is important to derive a suitable conclusion to the risk occurrence Risk evaluation Qualitative risk evaluation is descriptive and involves extensive work in ratings ad probability hence performance of the risk impact. There will be prioritizing on the risks and they have been arranged in the ranking order according to whether or not they might occur with the magnitude. It gives the perception with speed and enhances easier implementation this type of risk is more easily comprehended by the policy makers since it does not involve mathematical applications. External risk evaluation The qualitative approach has been used to evaluate the media as an external risk where it has conducted research input in the noise assessment in the surrounding of construction site. Individuals living next to the barriers that have already been affected and the community opinions have to be determined when doing a completion of the assessment matrices. After the workshop there is consultations that are done to the community hence the selected options have to be subjected to the confirmation. The recent media releases and key presentations are open to public and this can lead to criticism. The emails and contact details of the construction team have a place set aside for commenting and asking questions via the email link. These forms have got an overview of the information of the methods used in construction and key information regarding the proposed route to follow. James (2004) said there is a description of reasoning as to why the combined tunnel and surface is the best technique /way of doing the job (Harrison, 1985, p.206). Maps of the alignment are well drawn and printed on the feedback form with cross sections outlined. The provision of advice on acquiring additional information by the public is necessary. The transport agency requires a producer statement to be tabled which is a certificate issued by professional Engineer and it shows the conformity of the designs to all peer reviews and requirements that are supposed to be met. Project management risk evaluation The diversities of the people responsible in constructing the tunnel and are associated with activities can lead to differing ideas. The modernity in social and economic systems has made the structural relationships to be cumbersome. There are two dimensions of risks and one is uncertainty hence there is probability of risk not occurring. The other important dimension is on the impact on the risk objectivity thus the effect of the risk. The future development of activities is unpredictable by the company due to lack of proper skills and expertise in that particular field. Data event maybe missing and this brings upon uncertainty in the risk that will be in the project under construction. The measure of vulnerability may assist in generating projects failure due to many factors that are associated with management. Moving away from the plan that the management had initially laid down is a declaration to risk hence there will be incurring of extra costs and the risk manager becomes answ erable as a result. The materialization of risk needs the individual to take responsibility and accept the fact that it is inevitable. There is risk of the developing pressure which occurs inside the project and as well as the economic unit. Elements of a project are faced with risk since each and every project is unique and has different goals that have to be met. Projects under similar statements are evaluated to derive a comparison based on the experiences of other projects. Qualitative risk analysis entails; providing framework of the terms, making the resources available for use and budgeting and finally enhancing that the milestones are achieved. The lack of proper coordination by the respective project manager leads to difficult situations. Technical risk evaluation The data available that have been mined from the project gives uncertainty and hence there is probability of the magnitude of the risk associated with cost of financing the project. A quantitative data have been collected and approximately 1. 90 billion dollars have to be incurred as the overall cost of financing the project. The probability matrix has been applied in qualitative assessment of the risk. There are only two variables which are the components of risk and the risk exposure will be obtained from the product carried out of the two variables. The technique that has been put into use on this risk is assignment of scores for likelihood and the impact of the categories of risks. The impact analysis has high probability hence the risk of cost is the biggest that the project manager is supposed to be keen and pay attention. There is existence medium probability of technical risk occurring and thus it is given a rating of B with a lesser score compared to the previous high probab ility. The iron triangle is used to quantify the magnitude and the effects that these risks have on the overall management process. The other cost objective that is used in evaluation of the risk is known as the golden triangle which provides an importance of identifying the risks. A qualitative method is best placed in obtaining information in relative safer way and it is easily explainable by the stakeholders to the constructors and others. Organization risk evaluation In order to establish a risk management function inherent in an organization we start by assessing this risk because it is the important step to establish a proper risk evaluation. This evaluation begins with definition of the factors that surrounds the risks such as legal and regulatory requirement, strategic risk as well as the cultural risk. Execution and rating of risks is the other second step which entails comparing the cultural risk in the organization with the peoples culture that live in the community. The standardization is carried out by assigning the quantitative factors whenever it is possible to enhance implementation of the cultural risk. The rating scale that is normally numeric is used to quantify the risk which is setting a scale of one up to five in order to rate the possibilities all the way the certainty of the risks occurring. There is adoption of new techniques that will generate effectiveness and enhance more productivity among the workers and thus good flow o f the organization. This will also assist in representation of highly material impact that is material in a unique way. Incorporation of an excel spreadsheet is necessary to enable documentation of the discussions of risk evaluation and analysis and also recording of the risk ratings. Allocation of resources will be efficient through comparison of the ratings to provide an overview of the organization risk to NTZA. The tracking of the use of organization resources is evaluated in order to facilitate effectiveness in their use and be able to carry out review and a detailed procedure. Risk treatment The plan of risk treatment entails a detailed examination of a risk to mitigate where the contractor puts in mind the existence of assumptions. The uncertainties are clearly stated in the area of assessment. The features of risk are potential of losses and whether or not the risk may occur in a given time which is also hard to quantify. In this case, will use the risk in deciding the impact on the health of the people living in the community, use of the currency to quantify the risk and determine the outcome whether there is profit or losses incurred. The completion of the Western Ring route is viewed as the road of national significance. Second reason for treatment is that people are allowed to meet the NTZA and have their questions answered where they were also to give feedback on the proposal. Technical specialists were permitted to attend the open days. Gordon said the venues of these meetings were chosen to the project proximity and ease of access to local residents (Daniel, 2008, p.124). The visual materials used were large scale models of the southern project including the interchanges and which include northern portal hence a large aerial map of the Waterview. The third evaluation is that a written report contains all the risks and a clear analysis which will provide a clear outline of the community and the feedback of the stakeholder. Complains received concerning the NZ transport Authority to construct the Western Ring route is put into consideration. A clean form of the risk treatment is given out to seek comment on the concept of the tunnel for feedback recording. The copies of the brochures should be distributed all over Owairaka, Mt Albert, and Avandale, Open/Information days. Reasons for treatment of the risks It enables reviewing the documents of the project among them being the contract agreement. The techniques that have been adopted in the gathering of information are interviewing the contractors, use of questionnaires, face to face communication. Marion said that through the assistance of the stakeholders there will be a selection of credible design fire scenarios (Jake, 2009, p.326). There are key stakeholders who will be in a position to provide feedback on the project proposal and include: Waitakere city council, Auckland city council, Auckland regional council, Rodney district council, Waterview Kindergarten parent committee among many others. The campaigns are easily conducted through the print and radio media in English and Chinese language which crossed over to the feedback period. The reminder in closing date was part of the advertisement hence the risks are properly dealt with on timely basis. There is a relationship between the health issue and the air quality; the responden ts cited these impacts on mental health, stress levels increased and respiratory illness as a result of increased air pollution, excessive noise and dormancy caused by loss of public open space to exercise. The importance of the risk treatment is that Starr mill has been pointed out as an area of significance in terms of archaeological interests. The design has to be suitable in order for the area to provide opportunities for improvement and access of the site as well. There will be an increase in the number of tourists visiting the site from outside the country and around the word. Conclusion The economy will suffer the risk of high cost before completion of the Waterview Connection by 1.15 including the costs of financing. There are other benefits that are accompanied by the reduction of the pollutants in the surrounding vicinity. The aspect of cost savings is recorded in the documents and saving of time by the new connection. Offset from taxation is notable by the agglomeration benefit. Further delay of the project would lead to an increase in the ratio of benefit/cost for a period of eleven years to 1.8. Other changes that are noted include the reduced operation cost of motor vehicles and clean environment with habitable characteristics given that the carbon emissions are insignificant and noise is minimized. Bibliography Adler, R.J., Feldman, J. K., Taggu, M. S. (1998). A Practical Guide to Heavy Tails: Statistical Techniques and Applications. Boston, Mass Birkhuser publishers London press. https://www.informs-cs.org/wsc99papers/prog99.html. Accessed August 4, 2004. Benjamin, J.R., Cornell, F. L. (1970). Probability, Statistics, and Decision for Civil Engineers. New York: McGraw-Hill Publishers American press. https://www.genevaassociation.org/media/219919/ga1982_gp7%2823%29. Accessed November 3, 2001. Breyfogle, F. W. (1999). Implementing Six Sigma: Smarter Solutions Using Statistical Methods. New York: John Wiley and Sons publishers Texas press. https://www.researchgate.net/.../222762747_A_classified_bibliography_of Accessed January 17, 2003. Burlington, Richard S., Donald C. M. (1953). Handbook of Probability and Statistics with Tables. Sandusky, Ohio: Handbook Publishers, New York press. https://www.amazon.com/Risk...Management-Bibliography. Accessed June 9,199. Norman, Y.E. (1996). PDRI: Project Definition Rating Index, Industrial Projects. The Construction Industry Institute, Implementation Resource . Jersy publishersVermellin press. https: //court.herve.pagesperso-orange.fr/Bibliography. Accessed February 20, 2000 Adler, R.J., Feldman, R. E. (1998). A Practical Guide to Heavy Tails: Statistical Techniques and Applications. Boston, Mass.: Birkhuser Publishers Bayern press. Benjamin, J.R., Allan, C. C. (1970). Probability, Statistics, and Decision for Civil Engineers. New York: McGraw-Hill publishers America press. Works cited Mark, N. D. (1996). Project Definition Rating Index and Industrial Projects. The Construction Industry Institute, Implementation Resource Jet publishers London press. Flyvbjerg, B. L., Holm, S. B. (2002). Underestimating Costs in Public Works Projects: Error or Lie? Journal of the American Planning Association New York Publishers American press. Ford, D., J. Sterman. (2003). Overcoming the 90% Syndrome: Iteration Management in Concurrent Development Projects. Engineering Research and Applications Hilltop publishers the time's press. Greenberg, H.R., Cramer, J. J. (1991). Risk Assessment and Risk Management for the Chemical Process Industry. New York Cambridge Mass Press.