Reference no: EM132105641

Project 1 – Risk Assessment Manual You will construct a manual for your company that defines the Risk Management Policy for all future projects. For this, you can adopt the perspective of either a: - Option 1: o For profit company that develops new products, and each product might be considered a project. For this you will adopt the perspective of a Project Management Office (PMO) and you are developing the manual that is used by all Project Managers (PM) who will be conducted a risk assessment for all future projects. - Option 2: o City or town that has many projects in development or underway, such as park operations, traffic operations, public works, etc… For this you will adopt the perspective of a risk manager for a production facility or city/town, and you are drafting policy for risk assessments of worker safety Whether you select Option 1 or Option 2, you will draft the manual using the tools and materials that we have reviewed in Weeks 1 through 4 of this class. The manual should be in a form such that a reasonably educated and informed individual is able to pick the manual up, and have enough guidance for implementing the policy. If you think about some of the documents we have reviewed thus far, they are a mix of policy, guidance and specific methodologies. Your manual should follow the same general form: - What is the general purpose of the manual - What is the interaction between policy and implementation - What specific method are employed to assess the risk so that it can be managed It is expected that - you will select two or more (but certainly not all) of the methods from the ISO and USCG documents as the official method used to assess risk within your organization. - Offer guidance as to when some specific method should be employed. Notice that this format follows the USCG Risk-based Decision Making (RBDM) wherein they offer substantive guidance as to which method should be used for which situation. This is compared to the ISO document which offers generalities as to risk management policy, but offer limited guidance as to when to use specific methods. In general, the work load is expected to be equivalent to 3 weekly projects. Therefore, the project is NOT expected to be 27 pages of text (for example), but it IS expected to be more than 5. Maybe 10? It all depends on what is necessary to get the job done. - It is up to you, the student, to determine what is required based on your understanding of the material thus far, and to draft a manual that is robust enough that you would feel comfortable submitting to your supervisor if that supervisor asked for a risk management manual to be drafted. The basic question is: what do you think this manual would look like? - What is you organizational process for answering the 5 questions for any new project that is being considered - There should be enough procedure and guidance information that the user is able to open the document and leverage it towards a robust risk assessment that can be applied to the 90% situation - Submit this as a ‘professional’ manual that you might find in the risk managers office of UTC, GE or City Engineer’s office - The purpose of this project is to induce you to investigate the nature of risk management processes at a deeper level that is required for individual weekly assignments. - Therefore, the format is more open, and requires the student to extrapolate using the materials thus far supplied through the course materials.