Design and test a risk management system
An internal audit of your organisation has assessed itself to be at a risk maturity level 1 – “Ad Hock” (in accordance with the Risk Management Maturity Model (RMMM) from Risk Management Maturity Level Development April 2002). The managing director has tasked you with the job of designing a risk management system that if implemented within the organisation would bring your organisation up to a maturity level 3 – “Repeatable” in the short term with the aim of level 4 – “Managed” in the longer term. The managing director has stressed that the system you design must be effective and efficient.
Once you have designed the system you are then to demonstrate its workings by applying it to the following project.
Office development (shell and core) on a brownfield site (adjacent to the Thames) in docklands, London. Approx site area 14,500m2. A total pre-let has been agreed (tenant responsible for fit out). Basement car parking for 500 cars. Site access by road via University Way, access restricted by railway line. Site near London City Airport but not on the flight path. Initial discussions with local planning authority suggest they would not consider more than four stories high and that the building should not occupy more than 75% of the site. The Client wished to have a usable floor area of min. of 30,000m2. Design & Build is the Client’s preferred procurement route. The scheme has just completed feasibility stage.
You are the project management team working for the Client and he has identified the following targets.
• Handover to tenant 52 weeks from site possession.
• Design costs and construction budget £40 million.
• Must exceed planned government targets is respect to Co2 emissions in the building’s construction and subsequent operations.
• Meet specified quality criteria regarding the external aesthetics ‘Striking Modern Architectural style’.
• Meet functional performance set by tenant in regards flexibility and adaptability.
The site is in the east end of London at the north east end of the Royal Albert Dock. The site is bounded by University Way on its southern flank and Royal Albert Way on it southern flank. (51.507674,0.068772)