8813859dbe8f8b85d853e3eec7a67e797018mhr_sample_2

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CONTENTS 1. INTRODUCTION .......................................................................................................................................... 3 2. RISK MANAGEMENT PROCESS .............................................................................................................. 3 2.1 HAZARD AND RISK IDENTIFICATION .......................................................................................... 3 2.1.1 PESTLE ANALYSIS ............................................................................................................................. 3 2.1.2 SWOT ANALYSIS ......................................................................................................................... 5 2.2 RISK ASSESSMENT AND ANALYSIS ............................................................................................... 7 2.2.1 ISHIKAWA DIAGRAM OF HS2 ........................................................................................................ 7 2.2.2 QUANTITATIVE RISK ANALYSIS .................................................................................................. 8 2.2.3 QUALITATIVE RISK ANALYSIS ................................................................................................... 12 ....................................................................................................................................................................... 13 3. STAKEHOLDERS IDENTIFICATION AND MAPPING ....................................................................... 13 4. COMMUNICATION PLAN .................................................................................................................... 15 5. RISK CONTROL ......................................................................................................................................... 16 5.1 MITIGATION STRATEGY ...................................................................................................................... 17 5.2 CONTINGENCY PLAN ...................................................................................................................... 19 6. RISK REPORTING AND MONITORING MECHANISM ..................................................................... 23 7. CONCLUSION ............................................................................................................................................. 26 8. RECOMMENDATION ................................................................................................................................ 26 9. ASSUMPTIONS ........................................................................................................................................... 27 REFERENCE ....................................................................................................................................................... 28 2

rise in GDP of 0.8% (Hantzsche & Young, 2020). By the period HS2 was approved by the government the year before , the budget had increased to £56 billion, a 70% hike from the original estimate in 2010 (Transport, 2010). SOCIAL FACTORS Approved owner-occupants can continuous improvement the unblighted worth of their residential, a home loss compensation equal to 10% of the value of their residence (up to £53,000), and acceptable relocating expenses. Public dissatisfaction is brought on by budget overruns and environmental problems (Durrant, 2016). Industries in London are thought to be the real winners, not places in the North. A  reduction in the amount of time it takes to go from Leeds to Birmingham, which now just takes 57 minutes (Hon & Mp, 2014). TECHNOLOGICAL FACTORS The computerized topographic surveys of the HS2 route connecting London and Birmingham were made in March 2018 using data taken by drones. The computerized topographic surveys of the HS2 route connecting London and Birmingham were made in March 2018 using data taken by drones (Piotr, 2022). This makes it possible for those involved in the train project to conduct survey, design, and construction tasks more successfully without upsetting nearby landowners. By developing a "Visualization and Integration Hub" that permits the user to easily explore, surface, and query spatial, geographic, asset, and project documentation in one location , HS2's BIM strategy is setting the standard for the sector (Biancardo et al., 2021). Customers and supply chains lacked the knowledge they needed to make educated, timely choices about projects, which was a difficulty for the HS2 project management due to a lack of IT adoption (Ochieng et al., 2017). LEGAL FACTORS A building company's intention to sue over a conflict of interest has put HS2 in the crosshairs of a £170 million court battle. For the Old Oak Common and Euston stations, HS2 had to sharpen up its procurement processes (Infrastructure, 2022). After being unsuccessful in obtaining this £1.3 billion agreement, Betchel claimed that the bidding procedure was discriminatory , and as a result, it started a legal proceeding. HS2 (London - West Midlands) Bill, a hybrid bill, was filed with the Legislature on November 25, 2013, by the administration. Construction of Phase One of the HS2 network is authorized by the Bill. Legislation could take another four years, which is a nearly unfathomable 4

duration of time in Westminster, which is currently paralyzed by Brexit . Phase two of HS2 is still far from of been authorized (Toynbee & Walker, 2020). ENVIRONMENTAL FACTORS Railways on HS2 will travel at a speed of 360 km/h, requiring 50% more fuel than trains on Eurostar, increasing electricity and carbon dioxide emissions by about 100% (Watson, 2021). According to HS2, it takes about hectares of land to build every 100 meters of track, which means that just from London to Birmingham, almost 5000 acres of land will be destroyed (Wolmar, 2016). There will be a significant impact on more than 130 wildlife locations, including 10 sites of special scientific interest, one AONB, and 50 old-growth forests (Cornet et al., 2018). There are no regular flights connecting London with Birmino. The only connections that would compete with HS2 and airlines are those that run via London Heathrow and Manchester and Leeds. There are fewer people traveling on domestic planes (Givoni et al., 2009). 2.1.2 SWOT ANALYSIS STRENGTH More road connects trains and freight services will be made possible by HS2, which will increase capacity on the current lines and reduce the need for lorries on the road. This will benefit the environment (Crannis et al., 2021). The distance between London and Birmingham may be traveled in under one hour. There will also be direct rail connections to Leeds and Manchester (Nash, 2015). HS1 has succeeded despite detractors' concerns. It has become easier for more individuals to go to Europe as demand for HS1 rail transport to the continent has proven to match predictions. Rather than just replacing earlier modes of transportation, a new service has increased demand (Preston & Wall, 2008). WEAKNESS Only a small portion of people who travel between big cities by train may gain from HS2 (Bridget & Venables, 2013). 5

MANAGEMENT Protest Supply chain issues ENVIRONMENT Damage wild life Water supply MATERIALS Lack of resources PEOPLE PROCESS EQUIPMENT Irresponsibility Poor leadership Poor governance Lack of instructions Poor maintenance Poor control system Poor acceptance of new technology Inappropriate ideas and execution Public dissatisfaction Brexit Land Risk related on tunnel Increasing electricity and carbon dioxide emissions Discrimination Political party influence Waste management Quality assurance Ticket mechanism 2.2 RISK ASSESSMENT AND ANALYSIS 2.2.1 ISHIKAWA DIAGRAM OF HS2 An Ishikawa diagram, which depicts the causes of an event, is frequently used in production and product planning to define the various steps in a process, highlight potential trouble spots for quality control, and pinpoint the resources that are needed at particular points (Wong, 2011). 7

2.2.2 QUANTITATIVE RISK ANALYSIS An analysis of the hazards existing is done in a quantitative manner, focusing on their numerical values. The possibility of a project's risk can be identified through quantitative risk analysis. Determining if a project is worthwhile can be aided by this (Nabawy & Khodeir, 2020). Evaluation of risk using risk register WBS ELEMENTS DESCRIPTION EFFECT PROBABILIT Y IMPACT RISK RANK RESPONSE PLAN 1.1.1 Risk of identifying geological components The severe death toll and extensive physical damage 6 9 54 Appropriate institutional safeguards include retrofitting, earthquake- resistant design, and building regulations. 1.1.2 An exploration of topography, geography, and the atmosphere While freezes can harm overhead electrical lines, hot waves may cause tracks to bend and extend, which invites train derails. Flooding 5 7 35 lowering carbon dioxide emissions from power plants that utilize fossil fuels Creating solutions for sustainable energy International agreement 8

2.1.1 Identifying the current state of nature and society Damaged natural landscapes, caused wildlife populations to decline and die off, poisoned the air, and made an intolerable amount of noise. 7 8 56 Protect wildlife knows the local restrictions and surroundings 2.1.2 Risk of developing waste management plans Most environments and species are directly impacted by air quality and climate change. 5 6 30 Proper waste management 2.2.1 Issues in quality assurance providing vital rail infrastructure with low- quality materials and ensuring a safe, effective, and 8 10 80 Using test automation Develop processes Installing quality assurance tools 10

dependable rail system 2.2.2 Measuring the soil, air, water, waste, and noise level Interference with routines 6 9 54 To improve interior air quality, specific pollution sources must be stopped or their emissions must be decreased. 3.1.1 Development of train station and train square diagram Insufficient passenger handling capacity 8 10 80 Analyze how convenient the train station is to use. 3.1.2 Identify the problems and develop plans for high-speed train performance The level of commercial dust and smoke emissions should be raised. 5 9 45 Implement electrostatic smoke precipitators 3.2.1 Identify barriers to the ticketing system Negatively affect one's propensity to utilize 5 7 35 Adopt the most satisfactory customer service 3.2.2 Finding ticketing mechanisms for The selection of suitable mechanisms 4 5 20 Use proper innovative solutions 11

Unlikely Possible Likely Very likely Low impact Poor leadership Risk related to tunnel Water distribution Some impact Irresponsibility High impact Public dissatisfaction Increasing electricity and carbon dioxide emissions Discrimination Very high impact Maintenance Brexit Destroyed land Construction Environmental issues Political party influence Lack of technology adoption 3. STAKEHOLDERS IDENTIFICATION AND MAPPING The method of locating these individuals prior to the start of the project, classifying them as per their degrees of involvement, interest, and impact in it, and deciding how to finest require and communicate with each of these stakeholders involved during most of is known as stakeholder analysis (Giuffrida et al., 2019). Find out who has a high or low ability to influence the project, as well as who has a high or low interest. High-power individuals must be kept happy, whereas high-interest individuals require ongoing information. Whenever a stakeholder has both, be important to similar constructs their objectives (Merz, 2020). 13 I M P A C T LIKELIHOOD

Customer Government parties Environmental groups Regulating bodies Media Local residence Landowners Railway industry association Another railway networks Transport companies Engineers Contractors Suppliers KEEP SATISFIED MANAGE CLOSELY MONITOR KEEP INFORMED HIGH HIGH LOW LOW STAKEHOLD ER POWER STAKEHOLDER INTEREST High power - High-interest stakeholders should carefully control their demands because they are the ones who make the decisions and who will have the most influence on the successful project (Yeleliere et al., 2022). Stakeholders with high authority but low interest must be kept informed; even though they have no interest, they must be kept happy because of their influence (Jonek-Kowalska et al., 2018). Additionally, these stakeholders need to be addressed carefully because, if dissatisfied, they might use their power to harm the project. Keep these people well-informed and contact with them to make sure that no major issues are emerging. Low Power - High interest These people are frequently really beneficial for the project's specifics. And also, this does not over communicate with these persons while keeping an eye on them (Nižetić et al., 2020). 14

groups Train performance Railway industry Weekly Email and meetings Team leaders and management Dust and emission Environmental groups As required Hard copy and Email Management 5. RISK CONTROL Risks exist in uncertainty. You can't be sure. Perhaps not. It matters, though, because it will have an impact on the goals, thus it doesn't matter which way it goes (Kampourakis & McCain, 2019). They could have a positive, negative, or neutral tone. There are always methods for controlling risk. Managing risk using the four T's The appropriate terms to summarize the different responses are tolerating, terminating, treating, and transferring (Goman, 2021). If likelihood and impact of the risk is low towards the project, then such risks are need to be tolerated. Terminate the risk as it has high like hood and high impact on the project which is cross the risk appetite limit. The risk can be treated by reducing the probability which has low impact. At times risk need to be transferred to third parties who are willing to accept the risk (Goman, 2021). 5.1 MITIGATION STRATEGY 16

RISK EVENT STAGE/ PHASE INHERENT RATING MITIGATI ON STRATEG Y PLAN/ ACTION PLAN OWNE R RESIDUAL RATING PROBABILITY IMPACT OVERALL PROBABILITY IMPACT OVERALL Risk of identifying geological component Post- installation 6 9 54 Mitigate New design and regulations Project manager 5 5 25 An exploration of topography, geography, and the atmosphere Post- installation 5 7 35 Mitigate Lower emission and sustainable solutions Project manager 4 8 32 Set up the necessary station infrastructur e for HSR operation in the proper location Starting stage 3 4 12 Mitigate Using proper location Top authoriti es 2 5 10 17

Identify the problems and develop plans for high-speed train performance Conversion stage 5 9 45 Mitigate Implement electrostatic smoke precipitators Enginee r 2 4 8 Identify barriers to the ticketing system Installation 5 7 35 Mitigate Customer Relationship Management Railway authorit y 1 4 4 Finding ticketing mechanisms for High- Speed Railw ays in other Locations Installation 4 5 20 Accept Innovative solutions Project manager 2 5 10 Note: Probability and impact scale of 10 highest and 1 lowest 5.2CONTINGENCY PLAN Contingency plan is executed during phase of project when risk is occurred. So, once the risks are identified and evaluated contingency plan is documented in planning phase as it acts a guide to reduce the effect of the event occurred (Gitman et al., 2018) 19

Note: Probability and impact scale of 10 highest and 1 lowest RISK EVENT STAGE/ PHASE INHERENT RATING RESIDUAL RATING CONTINGENCY PLAN PROBABILITY IMPACT OVERALL RANKING PROBABILITY IMPACT OVERALL RANKING PLAN TRIGGER RESPONSIBLE Risk of identifying geological components Post- installation 6 9 54 5 5 25 Appoint geologists Caused debris flows, mudflows, rock slides, and earthquake s Project manager An exploration of topography, geography, and the atmosphere Post- installation 5 7 35 4 8 32 Conduct topography study Climate change Project manager 20