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Essay / Research Paper Abstract
This 10 page paper looks at a major procurement project of the Australian Department of Defense in order to assess three major risks with the project. Using a torpedo hardware and software upgrade project being undertaken in alliance with the US Navy three risks are identified. These are the risk associated with costs going over budget, poor contract terms and quality issues. Each risk is explained and potential mitigation strategies are identified. The bibliography cites 5 sources.
Page Count:
10 pages (~225 words per page)
File: TS14_TEprocrisk.rtf
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Unformatted sample text from the term paper:
possible. For major projects that are concerned with issues of defense the risks can be seen not only in financial terms, but also in terms of national security. A
current major project being undertaken is the SEA 1429 Phase 2, this is a project that has been undertaken to upgrade the torpedoes being used by the Royal Australian Navy
(RAN), the current torpedoes that are used are United States Nave Mk 48 Mod 4 heavy weight torpedoes (HWT). The project is being undertaken through an alliance between the Commonwealth
of Australia and the United States Navy (USN). The current torpedoes are enabled with analogue technology, the replacements will be digitally enabled, with advanced capability, and improvements made to the
to the control and guidance systems. The result is new software and hardware with the delivery of new systems and the software
for their deployment. The objective of the project also include the aim to create a high level of integration between the US Department of Defense and the Australian Department of
Defense in terms of their capability for testing and supporting requirements for the heavyweight torpedoes. The changeover is to be undertaken through
the torpedo modular upgrade program, with the delivery of the new heavyweight torpedoes as well it as the upgrade kits that will be required. A key aim in undertaking the
project in alliance with the US Department of Defense is to ensure that there are cost savings as a result of the shared financial burden in research and development, production
and support. The research and development stage of phase two is currently being undertaken; as such the procurement has not yet taken place. There are a number of risks associated
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