PRJ6001 Applied Project Report 1 Sample
Assessment 1: Project Brief
Report outlining what research project could be carried out and how the project could be analysed and evaluated to address the project or business goal/problem.
Assessment 1 Detail
A report outlining the project to be carried out, analysed and evaluated to address the business goal/problem. A Research Proposal Brief early in the semester is to ensure feedback about the suitability of the topic and which informs others of a proposed piece of research and its significance. This is the outline of the Research Proposal that could be used as part of an application to undertake a research degree or to apply for funding to conduct the research.
For Assessment Task 1 you need to prepare an outline of your proposed research topic and research plan for investigating the topic using a structure like shown below:
1. Project Title: This is a brief descriptive summary of the proposed research topic. For ideas on how a project title should look, see the articles in Project Management journals such as the International Journal of Project Management.
2. Research Overview and Justification: This is a summary of the research topic that describes the topic and why it is important for a research study to be conducted to investigate the topic.
3. Brief Literature Review: Outline the objectives, methodologies and findings of at least three most relevant literatures recently (within last 5 years) published that provide a background for your research topic.
4. Research Objectives, Research question and Sub-questions: Linking back to sections (2) and (3), present and justify the question that your research project will be designed to answer.
5. Methodology: Details about how you would answer your research question (e.g., by reviewing trends in national / international statistics, by conducting a survey of consumers, by undertaking interviews with employers) and start to consider any advantages, disadvantages, materials needed or practical limitations of the methodology.
6. Significance of the research of the project: A summary of the sections ending with a statement of why it is important to conduct the research using the methodology proposed.
7. Ethical issues: This section would cover any ethical issues (following APIC policy) that are considered in the research.
8. References and Resources: provide references to key research studies, government reports and/or industry reports using Harvard Referencing.
Solution
Research Overview and Justification
Risk Management strategies are important tools for the successful implementation and continuation of a construction project in the international market. It is regarded as an integral part of project management, which aims to eliminate the risks associated with the international construction project undertaken by Infrastructure Products AU. University Assignment Help, The various risks associated with the construction of the international project by the Infrastructure Products AU make room for suitable and adaptable risk mitigation strategies to be implemented accordingly. Artificial as well as natural agents can prove fatal for a particular project by posing risks that threaten the implementation, continuation and success of the project (Omer et al., 2021). Investment in both public sector and privately owned projects in the construction industry has made risk management a vital part of the undertaken project management. In some cases, the risks are foreseen by the Project managers in the construction industry before a project has been initiated. However, in most cases, the risks are unforeseen and threatening, causing the failure of the project.
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Figure 1: Impact of inflation rate on Construction Projects Budget
Source: Muhammad Ali Musarat (2020)
Business Information Management (BIM) has been chosen as an important strategy to mitigate risk management in an international construction project. BIM facilitates the collaboration of the various teams within a project while efficiently managing the continuous progress of a construction project (Muhammad Ali Musarat, 2020). The proposed research will discuss all the relevant aspects which need to be assessed with care so that an effective risk management strategy can be implemented for the success of an internal construction project in Australia.
Brief Literature Review
According to Alzoubi, (2022), the research focused on the role of BIM as an efficient management strategy for the mitigation of risks associated with an international construction project. The research was aimed at identifying the relevance of BIM in the construction industry as there is inadequate empirical data related to the aforesaid industry. The research investigated the role of BIM in optimisation, management and modelling of risk management for a construction project. Both primary and secondary data were thematically analysed in the research. The findings of the research suggest the minimisation of cost and time while effectively communicating with the stakeholders.
The research conducted by Simpson et al., (2021), investigated the real-world problems which arise out of climatic changes in various industries. The findings suggest that the problems which arise because of the changes in the climate, along with the responses, contribute to the associated risks in the relevant industries. Climate changes which lead to risks shall be important for the success of international construction projects in Australia.
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Figure 2: Factors of Risk Management
Source: (Simpson et al., 2021)
The research findings suggest that the utilisation of the proposed framework could help in the understanding of the complexities associated with risk management along with its adverse effects. The research was conducted with the help of the proposed framework and was based on secondary qualitative data.
The research conducted by Raikes et al., (2019), stated that lack of policy and legislative framework has been responsible for the poor adaptation of risk management. Flood management is also associated with risk management and drought and flood disaster management is important for mitigating its associated risks. Secondary research was conducted using 147 articles to answer the formulated research questions. The discussed empirical evidence suggests that the risks associated with an international construction project in Australia can be both man-made and natural. Therefore, along with an efficient risk management strategy, the nature and impact of climatic changes and disaster management should also be considered for the success of an international construction project in Australia.
Research Objectives
· To consider the effectiveness of risk management strategies for international construction projects undertaken by Infrastructure Products AU in Australia.
· To understand the impact of different risks that can affect international construction projects undertaken by Infrastructure Products AU in Australia.
· To identify the challenges in the formulation of an effective risk management strategy for international construction projects undertaken by Infrastructure Products AU in Australia.
· To suggest ways for mitigation of the identified challenges in the formulation of risk management strategies by Infrastructure Products AU in Australia.
Research question
Which risk management strategies are to be considered for international construction projects undertaken by Infrastructure Products AU in Australia?
Sub-questions:
· How effective are the risk management strategies for the international construction projects undertaken by Infrastructure Products AU in Australia?
· What are the impacts of different risks that affect international construction projects undertaken by Infrastructure Products AU in Australia?
· What are the challenges in the formulation of an effective risk management strategy for international construction projects undertaken by Infrastructure Products AU in Australia?
· What are the ways for mitigation of the identified challenges in the formulation of risk management strategies for Infrastructure Products AU in Australia?
Methodology
Qualitative research will be conducted by using the secondary data obtained from reliable databases such as Research Gate, Google Scholar and Science Direct as applicable. The methodology of the research will be based on interpretivism research philosophy with an inductive approach. Interpretivism will be helpful in the identification of the relevant aspects which affect risk management in international construction projects (Van der Walt, 2020). An inductive approach to research will be beneficial to assess the secondary data for finding appropriate themes or patterns from the chosen data. An exploratory strategy will be used to gather an in-depth understanding of the probable and unforeseen risks which need to be managed efficiently for the success of a construction project. The chosen secondary data will be analysed qualitatively using the thematic analysis. The analysis and identification of the relevant information from qualitative data are facilitated by thematic analysis (Alharahsheh and Pius, 2020). Different key word such as ‘identified impacts of various risks will help in the effective formulation of the corresponding international construction projects in Australia’, ‘project managements of Australian construction’ and many more. The secondary data will be chosen after appropriate data relevant to the research questions have been identified in the published empirical data. All guidelines regarding the use of secondary data for research purposes will be strictly followed throughout the research conduction.
Significance of the research of the project
It has been noted that the risk management strategies are an integral part of the project management. International construction projects in Australia face adversities due to a wide range of artificial and natural risk factors. Therefore, the research will be conducted not only to identify the effectiveness of different risk management strategies but also the impact of risks on construction projects. Climatic changes are also responsible for bringing about certain risks for the different industries globally (Moshood et al., 2020). There are also associated risks with faulty disaster management, which are undertaken by the respective authorities.
Secondary qualitative data will be utilised for the conduction of the proposed research. An inductive approach and a corresponding thematic analysis will be helpful in generating a more insightful understanding of the risk management strategies in international construction projects in Australia (Abioye et al., 2021).
Ethical issues
The guidelines provided by APIC with regard to the conduct of secondary research will be strictly followed throughout the research. Plagiarism will be strictly avoided in this research. The utilisation of the secondary data will be restricted to the approval of the respective publisher or author through a written consent form.
Reference list
Abioye, S.O., Oyedele, L.O., Akanbi, L., Ajayi, A., Delgado, J.M.D., Bilal, M., Akinade, O.O. and Ahmed, A., (2021) ‘Artificial intelligence in the construction
industry: A review of present status, opportunities and future challenges’, Journal of Building Engineering, 44, p.103299. DOI: https://doi.org/10.1016/j.jobe.2021.103299
Alharahsheh, H.H. and Pius, A., (2020) ‘A review of key paradigms: Positivism VS interpretivism’, Global Academic Journal of Humanities and Social Sciences, 2(3), pp.39-43. DOI: 10.36348/gajhss.2020.v02i03.001
Alzoubi, H.M., (2022) 'BIM as a tool to optimise and manage project risk management', International Journal of Mechanical Engineering, 7(1). Available at: https://research.skylineuniversity.ac.ae/id/eprint/192/1/63.pdf
Moshood, T.D., Adeleke, A.Q., Nawanir, G. and Mahmud, F., (2020) ‘Ranking of human factors affecting contractors’ risk attitudes in the Malaysian construction industry’, Social sciences & humanities open, 2(1), p.100064. DOI: https://doi.org/10.1016/j.ssaho.2020.100064
Muhammad Ali Musarat (2020) ‘Impact of inflation rate on Construction Projects Budget: A Review, Ain Shams Engineering Journal’, Available at: https://www.sciencedirect.com/science/article/pii/S2090447920300939 (Accessed: 25 October 2023).
Omer, M.S., Nawi, M., Adeleke, A.Q., Panda, S., Harun, A., Salameh, A.A., Tun, L. and Kuching, S., (2021) ‘Analysis of organisational internal factors influencing construction risk management among construction industries’, Productivity management, 26(1), pp.106-128. Available at: https://www.researchgate.net/profile/Anas-A-
Raikes, J., Smith, T.F., Jacobson, C. and Baldwin, C., (2019) ‘Pre-disaster planning and preparedness for floods and droughts: A systematic review’, International Journal of Disaster Risk Reduction, 38, p.101207. Available at: https://doi.org/10.1016/j.ijdrr.2019.10120
Simpson, N.P., Mach, K.J., Constable, A., Hess, J., Hogarth, R., Howden, M., Lawrence, J., Lempert, R.J., Muccione, V., Mackey, B. and New, M.G., (2021) ‘A framework for complex climate change risk assessment’, One Earth, 4(4), pp.489-501. DOI: https://doi.org/10.1016/j.oneear.2021.03.005
Van der Walt, J.L., (2020) ‘Interpretivism-constructivism as a research method in the humanities and social sciences–more to it than meets the eye’, International Journal of Philosophy and Theology, 8(1), pp.59-68. DOI: https://doi.org/10.15640/ijpt.v8n1a5
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