COURSE: Project Risk Management
ASSESSMENT PROJECT: Risk management rearch of Edinburgh tram project |
STUDENT: Lei Lv |
ASSESSMENT CRITERIA: | % | MARK |
怎样学跳交谊舞Critical Appraisal Relevance and content Structure & Prentation References | 25% 45% 15% 黄世仁比喻什么样的人15% 手术除皱术 | |
| 100 | |
CHECKLIST OF SPECIFIC ATTRIBUTES Content: Excellent Good Fair Room for improvement Poor Critical Evaluation: Excellent Good Fair Room for improvement Poor Structure: 豪情壮志的古诗Excellent Good Fair Room for improvement Poor Prentation: Excellent Good Fair Room for improvement Poor Referencing: Excellent Good Fair Room for improvement Poor |
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Risk management rearch of Edinburgh tram project 秦始皇介绍
Abstract
In recent years, with the complexity of the project and the changeing of the social and economic environment, the theory of Project Risk Management got a very quick development, and it is payed the attention by many industries. First of all, in this paper, according to the theory of Project Risk Management, we will analysis the ca of Edinburgh tram in detail. Second, we study the generation, development of the risk, and the process of the project. Third, we discuss lots of prevention measures during the risk of the project, and the measures of Project Risk Management to reduce project risk. In order to guarantee the project successfully completed, a lot of methods will be applied in the process.
Key words:Risk Management, Edinburgh tram project, prevention measures
Contents
1. Background 3
2. Problems of Edinburgh tram project 4
2.1Risk consciousness of project management 4
2.2 Imperfect of risk management system 4
2.3 Ignore project risk management of management system 5
2.4 The abnce of risk management information system 5
3．Analysis of Edinburgh tram project 5
3.1 Political risk 6
3.2 Economic risk 6
3.3 Management risk 6
3.4 Payment risk 7
4.Measures to prevent risks 7
4.1Project management risk consciousness enhancement 7
4.2 Risk Avoidance 7
4.3 Risk Ea 8
4.4 Sound risk management systems 8
4.5Emergency rerves,and Management rerves 8
5.Conclusion 9
References 10
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1.Background
In recent years, with the complexity of the project and the changeing of the social and ec
onomic environment, the theory of Project Risk Management got a very quick development, and it was payed the attention by many industries. The theory of Risk Management was widely ud, especially in large engineering construction projects. Becau of large investment, long time, participation in more, complexity of construction environment, more days of in the open-air, and more clo relation with geological environment, etc, there are many uncertain factors in the process of project process. So it is rather necessary to develop the Risk Management further In practice.
Owing to the development of globalization, engineering project is facing more and more risk, including the capital, exchange rate, HSE, the technology, the resources, time, quality, finance, cost and other kinds of risk,ect. From the point of view of international environment, there are many risks, including country risk, local war, political risk, the risks of laws and regulations, investment environment risk, etc. In the process of any project execution, the major risk properly may lead to project construction and operation of failure, caud economic loss would be enormous. In all kinds of projects, the improper disposal of significant risks may lead to the failure of the project construction and operatio
n, as well as a great loss[1]. In the opposite view, paying attention to the risk management and applying it to the project has the practical significance. If we can identify the risk and have the measures to all kinds of risks, we can reduce the loss the project, and be help to complete it. Meanwhile, it can avoid the waste of social resources, be convenient for the people's life in time.
In all kinds of projects, the risk is everywhere. And the success or not about the projects depends on whether the project risk management measures are effective. As the environment is getting more and more complex and uncertain, the key factor of project success becomes the measures of Project Risk Management. The theory of Risk Management has a t of methods, such as prediction, the identification, asssment and monitoring, in order to deal with uncertainty, finally reducing economic loss[2].
2.Problems of Edinburgh tram project
The expected cost of Edinburgh tram project is about 545 million pounds.In the year of 20
06, the Scottish government who had enough capital promid to provide 500 million pounds in order support this project. In 2007, the government of Scottish national party tried to withdraw funds, but for this policy the parliament is against. In fact, if they want to finish the task which they lay the track to the Haymarket, and finally the track can be put into u, the government will spend at least 250 million pounds on Edinburgh tram project. Now, this project would cost about one billion pounds to finish it. So, people have decided to give up this project. In addition, Edinburgh tram project has a lot of problems in management, and the government of Scottish national party decided to let the city council's issue of his taste. Under the circumstances, every Edinburgh citizen would burden 500 pounds in order to finish this tram project[3].
