Risk Assessment of Sydney Opera House
Risk assessment of Sydney Opera House
Aliaskarov Azat
School of Mechanical Engineering
LECTURER: Min An
MSc Engineering Management
Module name: Construction Production and Risk Management
22 April 2013
ABSTRACT
This paper assesses risks of Sydney Opera House. The reason is that Sydney Opera House has unprecedented budget and time overrun. It is gathered all possible information about history and construction. According to this information risk assessment was built and main risks such as dictatorial interference of government, unusual construction, lack of communication, poor cost estimate and others was found. It is also provided recommendations for risk reduction such as testing design, using fixed price contract and hiring experienced project managers.
1. INTRODUCTION
Many projects which were started - fail; and base reason is a change. They are not prepared to deal with it. Consequence of the change is overrun in budget, time and failure in quality. Many practitioners do not consider about or do not consider in detail alternative possibilities of the situation. At some stage the project can go out of the control because of external or internal forces. Unless these forces will not take into account, projects will overrun in time, budget and lose quality. The key to keep the project in the framework is applying the risk management that uses systematic approach. This action helps to reduce, transfer or even eliminate risks.
Sydney Opera House (SOH) is considered one of the magnificent construction projects in the world. This Opera House is visiting card of Australia that attracts people all over the world. His landmark is major arts center. However, Sydney Opera House is not a good place to hear opera; it will be discussed later in this paper. SOH is spectacular building but the implementation of it one of the worst. Worth to mention, 233 concepts of SOH participated in the competition to be face of Australia. Interestingly, the
Aliaskarov Azat
School of Mechanical Engineering
LECTURER: Min An
MSc Engineering Management
Module name: Construction Production and Risk Management
22 April 2013
ABSTRACT
This paper assesses risks of Sydney Opera House. The reason is that Sydney Opera House has unprecedented budget and time overrun. It is gathered all possible information about history and construction. According to this information risk assessment was built and main risks such as dictatorial interference of government, unusual construction, lack of communication, poor cost estimate and others was found. It is also provided recommendations for risk reduction such as testing design, using fixed price contract and hiring experienced project managers.
1. INTRODUCTION
Many projects which were started - fail; and base reason is a change. They are not prepared to deal with it. Consequence of the change is overrun in budget, time and failure in quality. Many practitioners do not consider about or do not consider in detail alternative possibilities of the situation. At some stage the project can go out of the control because of external or internal forces. Unless these forces will not take into account, projects will overrun in time, budget and lose quality. The key to keep the project in the framework is applying the risk management that uses systematic approach. This action helps to reduce, transfer or even eliminate risks.
Sydney Opera House (SOH) is considered one of the magnificent construction projects in the world. This Opera House is visiting card of Australia that attracts people all over the world. His landmark is major arts center. However, Sydney Opera House is not a good place to hear opera; it will be discussed later in this paper. SOH is spectacular building but the implementation of it one of the worst. Worth to mention, 233 concepts of SOH participated in the competition to be face of Australia. Interestingly, the
References: A view on cities, Opera House [online]. Available from: http://www.aviewoncities.com/sydney/operahouse.htm [Accessed 25 March 2013] About the Sydney Opera House, Construction [online]. Available from: http://www.gids.nl/sydney/opera.html [Accessed 02 April 2013] Agrawal A. (2005), Risk Management Elements and process Case: The Sydney Opera House [online]. Available from: http://ru.scribd.com/doc/26144080/Risk-Management [Accessed 01 April 2013] Kamenev M (2011), Sydney 's Opera House: Easy on the Eyes, Not the Ears [online]. Available from: http://www.time.com/time/world/article/0,8599,2097247,00.html [Accessed 02 April 2013]