MAN6301 Project Risk Management - Assignment 1: Task 1A

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Assignment 1 – Task 1A

You are required to produce a report for the City of Bunbury titled: Risk Assessment of the of the FFV Lena Dive Wreck Project at Bunbury, with Recommendations.

The project has been set up to manage the preparation, sinking and sustainable management of the FFV Lena dive wreck. It is important that both negative as well as positive risk events/conditions be identified and evaluated.

The assignment should be completed in two parts. This first element is Part 1A: Risk Management Data collection (worth 30%). For this first assignment you are required to collect data in respect of the risks involved in the preparation, scuttling and ongoing maintenance of the dive wreck. You should collect data that refers to this event taking into account the risks outlined in the case study referred to above as well as others that you can justify for consideration.

You should present the data collection to reflect a structured approach to the treatment of
each risk:

Naming the risk precisely (e.g. “There is a risk that...”)
Stating the point at which the risk may occur
Describing the risk succinctly
Classifying the risk using appropriate risk breakdown categories
Assessing the risk
Justifying its inclusion through research, published cases, news reports etc

It is mandatory that you provide an audit trail of your data collection activities: sources of data (e.g. internet URL, brochures), dates when the data was obtained (e.g. dates internet was accessed). You should also consider the risk tolerance of the organisation.

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