Holy smokes! someone dreamed up a real clanger with that assembly. Where do we start? There's a lot more than 30 things wrong that I see….
A good general technique to figure out whether an assembly will even go together is to make paper tracings of the parts and slide them past each other on the assembly to see if they clear. Old fashioned, yes, but cheap and it works.
Another hint is that with rotating machinery for power transmission, each part attached to a shaft needs to be located (usually with a male/female cylinder to cylinder or cone to cone fit) and prevented from rotating relative to each other some way, like keys or dowels or ribs in slots.
It wouldn't hurt to read up on stress / strength in flywheels either – machinery's handbook has a good section about that.
It would be nice if our picture poster and the OP told us what class this is for and why they are asking the forum to chime in.
JD