You should read the London Crossrail risk management procedure document
Assignment Task
You should read the London Crossrail risk management procedure document Crossrail, 2015. Programme Risk Management Procedure [Online]. London, Crossrail Ltd. Available from:
Based upon that document and on wider research, you should answer the following questions.
Any references should be added in Harvard format.
Question One
Identify and discuss Crossrail’s definition of risk and approach to risk management, along with alternative definitions of risk and alternative approaches to risk management. On the basis of that discussion critically appraise Crossrail’s approach to risk and risk management.
Question Two
Crossrail (2015) discusses its approach to the identification of project risks. Drawing upon it and your wider research.
1.a) Critically discuss three different methods or techniques available for risk identification.
2.b) Consider good practice in the design and implementation of a risk identification process; discuss how far that good practice exists within an organisation with which you are familiar and recommend steps that would improve practice in that area.
Question Three
Crossrail (2015) refers quite extensively to the procedures and processes involved in its approach to risk management. Outline and critically discuss the human resource and organisational culture implications of embedding the effective management of risks within the day-to-day activities of a large organisation.
Question Four
Crossrail have shown they to be an extremely innovative organisation. Critically discuss the different organisational characteristics and behaviour that can assist an organisation in becoming an effective innovator.
Question Five
With reference to your analysis for question 4 above
1.a) Select three of these components you discussed and use them to evaluate the innovative Activity and capacity of an organisation with which you are familiar.
2.b) Based upon that evaluation, suggest improvements that could improve the innovative activity of that organisation.
Hint
Management "According to Crossrail's 'Risk' is an uncertain event or set of circumstances that, should it occur, would affect the project’s objectives. And, also that the risks could have either negative effects or threats, or positive effects or opportunities.Crossrail’s risk management process provides a structured approach to the identification, assessment and treatment of risks to ensure ...
"According to Crossrail's 'Risk' is an uncertain event or set of circumstances that, should it occur, would affect the project’s objectives. And, also that the risks could have either negative effects or threats, or positive effects or opportunities.
Crossrail’s risk management process provides a structured approach to the identification, assessment and treatment of risks to ensure project success by maximising opportunities and minimising threats. From an early stage Crossrail recognised that managing risk was critical to the success of the programme and implemented risk management across the organisation with three core objectives:
1. Support the delivery of Crossrail by reducing the likelihood and potential consequences of events that could have a negative effect on the programme and increasing the likelihood and potential consequences of events that could have a positive effect on the programme.
2. Provide assurance to internal and external stakeholders that each project understands its significant risks and is actively being managed.
3. Improve decision making, planning and prioritisation by improving understanding of uncertainty and risk."
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