Risk Management in Project Management: 1255726

PART 1:
a.

131 -3.0221 4.875 -14.732 23.766
170 -2.3045 5.136 -11.838 26.378
223 -1.8682 5.407 -10.100 29.236
260 -1.5554 5.561 -8.647 30.925
300 -1.3009 5.704 -7.421 32.536
325 -1.0892 5.784 -6.299 33.455
390 -0.9026 5.966 -5.387 35.593
440 -0.7354 6.087 -4.474 37.052
480 -0.5805 6.174 -3.587 38.118
540 -0.4435 6.292 -2.794 39.589
630 -0.2985 6.446 -1.927 41.551
690 -0.1658 6.537 -1.085 42.732
725 -0.0356 6.586 -0.237 43.375
760 0.0940 6.633 0.623 43.997
820 0.2254 6.709 1.512 45.010
1000 0.3612 6.908 2.495 47.720
1065 0.5057 6.971 3.525 48.594
1260 0.6657 7.139 4.752 50.965
1320 0.8550 7.185 6.143 51.624
1460 1.1133 7.286 8.109 53.086

b.Reliability

c.
rank Aircraft control system fails Medium rank from the tables Medium rank
1 20 0.142 0.045455
2 28 0.235 0.11039
3 35 0.317 0.175325
4 44 0.392 0.24026
5 55 0.464 0.305195
6 67 0.532 0.37013
7 84 0.596 0.435065
8 92 0.658 0.5
9 105 0.718 0.564935
10 118 0.778 0.62987
11 138 0.828 0.694805
12 170 0.878 0.75974
13 200 0.924 0.824675
14 224 0.963 0.88961
15 255 0.993 0.954545

From the Weibull Probability paper,

d.

e.
Rank Aircraft control system fails Medium rank from the tables Medium rank
1 270 0.226 0.074468
2 380 0.368 0.180851
3 1220 0.49 0.287234
4 1750 0.599 0.393617
5 2620 0.699 0.5
6 3320 0.79 0.606383
7 4060 0.871 0.712766
8 5200 0.939 0.819149
9 6450 0.988 0.925532

From the Weibull Probability paper,

f. Reliability

g.
Normal distribution

Reliability;

Exponential distribution

Reliability;

Gamma distribution

Reliability;

Normal distribution

Reliability;

h. Improvements
Upgrade and maintenance – to increase the reliability, upgrade the system and maintaining are the key ingredient.
Enhance safety – this is where the inspection is done to the system while the door are closed to increase reliability.
1.Reliability complex
When we apply;

Taking

PART 2:
1.Mission of Government – The mission of the Australian government is to maintain strong defense industry.
2.System performance parameters
a.Parameter Performance Index (PPI)
PPI is given by

Where n is the number of alternative designs and cij refers to each data point of single performance parameter.
b.Device Performance Index (DPI)
DPI is given by

Here m represent the number of performance parameters relating to the equipment item of column i.

3.System life cycle main components are operations and support phases and the associated operated and support costs.
Operational environment; it is vital to analyze the business environment as it is a vital step for business sustainability and a low carbon economy preparedness.

4.System availability
System availability includes;
Instantaneous availability which is the probability of a system to be available after it starts its operation at any random time t.
Mission availability which is the proportion of time in an interval that the system is available for use during mission.
Steady state of availability is the probability the system will be available to be used at a certain period in time after it has started the operation becoming very large.
System dependability is the probability of the mission getting completed successfully within time of the mission.
5.System support capability effectiveness factors are factors such the maintainability and reliability which are jointly providing the dependability and availability of the system.
6.Level of maintenance
This is dividing maintenance, depending on requisite and different technical skill, where roles are allocated to organizations according to the personnel available, availability of tools, supplies and time in the organization.
These levels include; organizational levels, intermediate levels and depot levels

7.Level-of-repair policy
Managers introduce controls and reduce of unnecessary inventory to help curb the unnecessary spending and expenses. These policies enable the technicians at different levels to adhere to guidelines which will reduce the unwanted costs.
Managers can also introduce policies to automate some or all purchase order because they usually come at a very cost if not monitored. These cost might seem negligible, but later may appear in the income statements as major expenses.
Order policies; in whatever the management does, they need to optimize their cost. Inventory may contain more parts which may not be needed at a particular time. The MRO need to observe that and ensure that only the necessary and needed inventory are available
Supplier policy. Reducing the number of suppliers can sometimes be cost effective. Consolidating supplies to be made by a single distributor can be productive and cost effective.
8.Operations ensure products are transformed to the desire of the customer. It involves manufacturing and service process.

  1. Maintenance, support and cost of the support infrastructure is ensured by frequent analysis where the status of the infrastructures are monitored and conditions recorded for the purpose of repair and replacement. This will enable the management to maintain, support and reduce the unnecessary expenses on the same.

10.Trade-off evaluations and analysis
To document adequately and to perform trade-off analysis to support all the logistic support requirement, the following factors are put into consideration.
Reliability and maintainability
They determine jointly the availability of the system. The availability of the system depends on the ratio or ratios between MTTR and MTBF, given by;

The ratio is referred to as maintenance time ratio. The specification of the system availability requirement allows a possible distinct trade-off between the maintainability and reliability. Maintenance time ratio also help in the possible trade-off.
From the ratio, we can evaluate inherent availability equation;

We then obviously will obtain, from indefinitely numerous MTTR and MTBF, the same and therefore, we obtain the same availability A. The system mission has a specified maintainability requirement and reliability requirement. We achieve both requirements by summing up these requirements to the availability requirements

11.Test and support equipment
Yes the test and support equipment are compatible with the main job equipment. The contracting management had to define the support equipment and tests before the inception of anything for proper understanding by the stakeholders. The support equipment and tests defined includes;
a.How the reliability of the system will be monitored
b.The support from the computer resource
c.Program maintenance optimization and planning
d.Allocating areas of functionality and construction facilities
e.Engineering maintainability
f.Supply chain management etc.

12.The supply chain management team put in place different types of spare/repair parts and took high consideration of the quantity of the spare/repair parts.
Yes, the spare/repair parts are appropriately designated appropriately in different locations to meet the requirement and demands of different sections. In allocating spare/repair parts, there are considerations which have to be made since different sections need different types of spare parts in terms of quantity and quality.

13.There are specific requirements of spare parts;
a.The duration which the spare/repair parts can last and their reliability during that period
b.The level of stock of spare/repair parts since some may stay in the inventory for long without usage
c.The level of logistics and network needed for the equipment to be used etc.
The contract management ensures that they select the spare/repair parts which will minimize the cost and expenses but give the highest service for the period.

14.The supply availability requirement is given by;
The total number of parts of the subsystem available divide by the total number of parts in the system.

If for example, the supply available requirement is say 0.98, then we have 0.2 supply unavailability.

  1. Maintenance personnel and their training requirement
    a.Functional description personnel and operating instructions personnel for each system. The personnel in this category must display high level of knowledge of data, system capabilities and limitations. These includes system technical operation, alternate and operating modes, step by step manual and turn on procedures for operation. They should also able to check the satisfactorily performance of a system.
    b.Equipment and installation personnel. Here the personnel must be able to provide up-to date description of the hardware installed. They must provide set of complete logic or functional flow diagram, set of complete electrical layout, pneumatics, electronics, and hydraulics schematic diagrams. They should also provide information on the system for reordering and reinstallation.
    c.Maintenance aid personnel. These personnel must have adequate knowledge on data enabling them to detecting a fault for replacement and for checking the system after the repair.
    d.Ready reference documentation personnel. These personnel must have knowledge in proper documentation. These documents gives the information to the technician on the repair areas. The information should be easily available when needed and usable in the area of work.

16.Procedures of the maintenance are compatible with the analyzed data supporting the fact that the spares are used in their designated locations.

PART 3:
Business objectives.
Maximizing profits; by offering quality services to customer. Having the great vision of providing exemplary services and to expand the business beyond the coastal line will enable the project to absorb job seekers in the region. Doing clean business to ensure proper waste disposal to conserve the environment and give back to the society for their support and enthusiasm. Healthy competition to improve the quality of services the coastal region inhabitants receive.

Business case
Business case carries the reason why the Motor Boat dealership is established for the approval by the authority. It carries;
a.Reasons; this is the purpose for the Motor Boat dealership which may include creating profit and job opportunities.
b.Options; this involves different options which might be available
c.Benefits: these are the benefits to the owner, employees and society
d.Risks: risk is part the business and motor boat dealership must address the risk which are involved.
e.Cost: the cost includes the estimated cost for the start the business
f.Timescales summarizes the whole project plan

Location
The Motor Boat dealership business will be located near the beach in the coastal regions. The place must have the history of receiving customers who will be using the motor boats. The location must also have proper security where the motor boats will be secured.
Type of Business
The business can be owned by an individual or group of people who might have the same agenda. The possibility of expansion to other coastal regions will depend on the profitability and the decision by the owner or owners to reinvest the profits for the expansion. The feasibility of the project will also determine whether to extend to other coastal regions.
Day to day operations from ILS
The day to day operations from the ILS perspective involve the following; conducting maintenance on engineering equipment and planning maintenance for the purposes of prevention, prediction and correction, supply spare/repair parts, support and acquiring resources, support and test equipment, supplying personnel and manpower, training and support training, publishing technical data, support in terms of computer support, providing facilities, handling, storage, packaging and transportation and finally designing interface.
ILS plan to conduct a Logistics Support Analysis

References
Fortunato, B., 2012. Identification of Safety Risks for High-Performance Sustainable Construction Projects. Journal of Construction Engineering and Management, 138(4), pp. 56-90.
Keegan, C., 2014. Cyber security in the supply chain: A perspective from the insurance industry. Technovation, 34(7).