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 $2002$ see the "assessment" sec$-$

tion in Blackboard$).$ 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 ap$-$

plying it to the following project.

Task: Write a Report based on the project below or a project of your choice at

your workplace:

Design a risk management system $($with justifications for the design$/$ap$-$

proaches$)$

Discuss how you would bring your organisation up to a maturity level $3-$ Repeat$-$

able in the short term with the aim of Level $4-$ "Managed" in the longer term.

The structured report should contain introduction, section$/$subsections$,$

conclusion and appendices $($if applicable$)$

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 Air$-$

port 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.