Select a risk problem from the list below and prepare a risk management plan in accordance with AS/NZS ISO 31000:2009.

Please ensure that you:

• Establish the context clearly, in accordance with the Standard;
• Define your system boundaries carefully;
• Show evidence of consideration of alternatives for risk management1;
• Clearly state the risk tolerability criteria employed;
• Include relevant literature review and discussion; and
• Consider aspects beyond the texts and lecture material (ie value added discussion).

The problem of investigate can be a past or current one. You may need to simplify and define the boundaries carefully in order to achieve the word limit. Relevant project information to prepare the risk management plan needs to be identified by the student (literature research). You must choose one project from the following list:

Project 1- Implementation of electric vehicles within Australia under the aspect of functional safety

Project 2- The Wheatstone Project in Western Australia - one of Australia's largest resource projects. Develop a risk management plan for the implementation of the upstream - offshore infrastructure.

Project 3- Introduction of enforced traffic regulations: lowering the speed limit tolerance and increasing fines. Develop a risk management plan considering the impact on road safety.

Project 4- Decentralised control of power stations. Develop a risk management plan for a reliable power control system.

Project 5- Risk management plan for the construction of the Azerbaijan Tower.

Project 6- The construction of wave power plants or wave power offshore farms (for example the Langlee wave power plant in New Zealand);

Project 7- Development and operation of a nuclear power plant (with regards to the catastrophe in Fukushima);

Project 8- Space missions - a manned mission to Mars.

Identify a problem that occurred or may occur during the life of your chosen project and prepare the risk management plan.