Challenges Faced in 205 North Quay Project: A Project Management Report

This report discusses the challenges faced in the 205 North Quay project and strategies to overcome them. It includes a detailed project plan, stakeholder analysis, cost and risk management plans, and research methodology.

Project Management Report

TABLE OF CONTENT
INTRODUCTION...........................................................................................................................3
Aim..............................................................................................................................................3
Objectives....................................................................................................................................3
Project scope................................................................................................................................3
Assumptions.................................................................................................................................3
Constraints...................................................................................................................................3
A detailed Project Plan including....................................................................................................4
Overview......................................................................................................................................4
Analysis of stakeholder and their requirements...........................................................................4
Cost management plan.................................................................................................................5
Resources to facilitate the project................................................................................................6
Risk management plan.....................................................................................................................6
Gantt Chart.......................................................................................................................................9
Research Methodology..................................................................................................................10
REFERENCES................................................................................................................................1

INTRODUCTION
Aim
Project aim is to determine challenges faced in 205 North Quay project as company wants to
overcome it for its successful completion.
Objectives
 To identify the challenges of project to formulate the strategies that efficiently works
against its consequences.
 To become first commercial building in Australia to offer tenants a better work-life
approach
 To accomplish the project in suggested $600 million budget.
 To make sure that project will be completed in stipulated 2024 time-frame.
Project scope
In order to complete this project in successful way, following are the tools which will help to
achieve the goals of the project and provide the deliverables outcomes.
Assumptions
 In this construction project, it will deliver the most significant values where at the
initiation stage project feasibility will measure to continue the further stages successfully.
 The resources will be placed effectively and managed by the project manager and team
members.
Constraints
For completing the project, it is common that company will face some barriers which can be seen
as:
Budgetary issues: Finance is one the most important factor to be considered by the company
where without proper financial budget of the project, it will restrict the entire process of the
project management. Therefore, it is important to begin with the accurate budgeting system.
Knowledge and skills: To work on any project, project leader and team both must have
knowledge and skills for making the project completed successfully otherwise, it will cause
hindrance in project deliverables (Dasović and Klanšek, 2021).
Time-limitation: It is important to complete the project on time, where project management
team should begin with the proper approach as to allocate the activities to furnish the project on
time.

A detailed Project Plan including
Overview
205 North Quay is the first commercial building in Australia and one of Brisbane's most
internationally recognizable river-edge development. This construction is designed by
international architecture firms Hassell which is in New York. This construction building is
targeting a 6 green star rating however, the project will be complete in late 2024.
Analysis of stakeholder and their requirements
Stakeholder analysis is the process or method of evaluating the system and potential changes in
regard with the stakeholders participating in the overall project. In general, it is a kind of
technique which is used by the project managers to assist the team members that have an interest
in project and can deliver the successful outcome (Angarita and Gallardo, 2018). Stakeholders
play an important role in order to make the project successful and meet the goals and objectives
as well. The current project is to identify the challenges during the building construction which
becomes barriers for the successful completion of the construction project. Here, highlighting a
stakeholder analysis plan along with their requirements which supports the 205 North Quay
project to be successful in the future.
Name Position Role Contact Major
Requireme
nt
Expectation Category
Scott
Hutchison
Chairman Initiator of
building
projects
scothutch24
[e-mail]
m
Phone,
Email,
reports
Project
should be
complete
successful
in set time-
frame.
Internal
Greg Quinn Managing
Director
Control
operations
and provide
strategic
Quinn542@
gmail.com
Video
conferences,
Documents,
Phone calls,
To meet the
set goals
and giving
appropriate
Internal

directions Emails,
update of
project
deliverables.
John
Berlese
Project
leader
To manage
and provide
the guidance
to perform
the work in
effective
way.
johnbersle4
78@gmail.c
om
Emails,
phones and
reports
update.
Addressing
the
requirement
of project
and
encouraging
team to
acquire
successful
results
Internal
Cost management plan
The costs are the most necessary aspect of conduction and completion of any project.
Mainly they are planned on a prior basis itself which is basically known as the budget
(Kocakaya, 2019). This states that what costs are going to be incurred throughout the project. It
is just a planned layout. The working and the conduction of the project is required to be
accordingly. In this project following are the aspects of the cost management plan:
Particulars. Amount in $
Building construction $7800000
Site working and labour $1300000
Fees of architect and engineers $931000
Management of construction $162000
Land acquisition $550000
Permits and fees $85000
Total $10828000

The overall cost management plan basically states that how much cost will be spent on
what all things or aspects of the project in particular (Hansen, Mowen and Heitger., 2021). In this
case the total budget is $10828000 as per the above table and it is divided into all the necessities
of the project that is being conducted. The cost management plan helps in mapping and
controlling the budget that has been prepared (Naik and Bobade, 2018). This plan keeps all the
costs that have been incurred in one place, including the direct costs as well as the indirect costs.
Resources to facilitate the project
Resources Cost
Machinery $400
Technological tools $100
Finance $300
Labour $500
Capital $450
Environmental resources $200
Other resources (cement, concrete, bricks and
metals)
$300
Marketing activities $400
Total $2650
To execute ant project, it requires different resources to succeed the project in definite
manner. Project cost baseline is generally defined as budget which is approved for the project
where project manager is also responsible for purchasing the resources accordingly (Dykstra,
2018). Therefore, the above table states the project resources and cost of it which provides the
appropriate information about the expenditures and needs to facilitate the project in particular
time-frame. Along with this, project manager also have a duty to decide the suitable project
budget from where only they have to purchase the resources for the process of the construction
project.

Risk management plan
Risk management plan is the process of identifying the risk of the project so that project leader
can create and develop an appropriate solution to minimize the risk in effective manner (Raj and
Wadsamudrakar, 2018). In general, it is systematic process of analysing and evaluating the
project risk which can harm the project where it is important to identify and develop the accurate
solution. In this construction project, the manager of the project is also follows the risk
management planning and procedure to drive the project at successful level.
Risk identification Response Monitoring and
Control
Risk Causes Effect Probability Action Responsible person
Lack of
resource
s
Due to inefficient
knowledge of the
aim and goals
delivers the risk
of gathering the
resources in
definite manner
from where the
construction
project will get
the effect in
higher manner.
Unable to
provide
effective
outcome.
3 Lack of
resources can
be resolved by
delivering the
accurate
knowledge
about the
resources to the
team members,
so they can
collect the
information
about the
resources in
definite manner.
The entire project
team is responsible for
occurrence of the risk.
Operatio
nal risk
This type of risk
occur due to
errors made by
team members
who practice the
High level
of operating
losses.
2 The operational
risk can be
reduced by
managing the
equipment
Senior management

negative
activities such as
fraud from where
it increases the
potential risk and
affects the
completion of the
project.
failures and
improve the
relationship
with their team
so that they
cannot perform
the activities in
such manner.
Environ
mental
risk
In the
construction
project, natural
disasters and
calamities is one
of the reason
which delivers
the higher risk of
environmental
affect.
Mismanage
ment and
failure of the
project
4 The project
team have to
identify the
appropriate
weather report
so that they can
be priorly aware
of the disasters
in advanced
manner.
It is a Natural
occurrence so no one
is responsible.
Imprope
r time
manage
ment
Due to improper
management of
the time, it also
causes the project
in highly manner
from where they
cannot deliver
the project in set
deadlines.
Delay in
completion
of the
project
3 Project team
members can
create a proper
schedule and
prioritise their
activities which
helps them to
furnish the
work in set
time.
Poor
leadersh
A proper and
effective
Inefficient
project
3 A leader should
communicate
Project manager

ip of
manager
leadership is
required to
conduct the
construction
project where
lack of leadership
management it
causes the entire
project.
delivery well with the
team members
and requires
taking
appropriate
feedbacks and
reviews from
the team
workers to
understand their
issues.
Gantt Chart
Task Name Duration Start Finish Predecessors
Brief Description 3 days Thu 8/19/21 Mon 8/23/21
Goals and Deliverables 5 days Tue 8/24/21 Mon 8/30/21 1
Resources Collection 7 days Tue 8/31/21 Wed 9/8/21 1,2
Scope 2 days Thu 9/9/21 Fri 9/10/21 2,3
Stakeholder analysis 10 days Mon 9/13/21 Fri 9/24/21 4
Budget preparation 15 days Mon 9/27/21 Fri 10/15/21 3,5
Resources requirements 12 days Mon 10/18/21 Tue 11/2/21 5,6
Setting Installation 6 days Wed 11/3/21 Wed 11/10/21 7
Risk management 13 days Mon 10/18/21 Wed 11/3/21 3,6
Research Methodology 9 days Thu 11/11/21 Tue 11/23/21 8,9

Network Diagram
Path 1
1+2+4+5+6+7+8+10 = 43 weeks
Path 2
1+3+6+7+8+10 = 35 weeks
Path 3
1+3+4+5+6+7+8+10 = 44 weeks (Critical Path)
Path 4
1+3+9+10 = 23 weeks
Path 5
1+3+6+9+10 = 29 weeks

Research Methodology
Project management is the vast field that encompasses careful planning and execution of
any project, for any task it is important to proceed with certain methods so that better or desired
project outcomes can be achieved. There are some PM techniques which are as follows:
Waterfall technique: It is a common PM methodology which focus on linear progression from
initial point to ending point of project. It is used by project engineers for careful planning and
detailed documentation and for the better consecutive execution. Benefit of this technique
include better and clear structure which it provides, transformation of information can be done at
good extent as well as testing in this is quite simpler (Morin, Bujacz and Gagné, 2018). Its major
benefit is that it helps in providing the list of requirement at earlier stage so that stakeholder
should be able to analyse all requirement, further they can proceed to add or change something at
earlier stage. However, this technique is less preferable because of its some drawbacks like there
is greater amount of risk and uncertainty as well as back tracking is not found in such technique,
therefore if any modification is requiring then project team will not be able to made it because
there is no such back tracking feature.
Agile technique: This technique has gain popularity among various project managers, as this
technique has provided several benefits to project. First of all, this technique allows for back
tracking so if there is any requirement and modification it can be easily deployed unlike waterfall
methodologies. Another benefits which agile provide is risk reduction there is no uncertainty in it
as well as it empowers the team members, greater client satisfaction can be achieved. Regarding
stakeholder satisfaction, this technique is efficient as this methodology provides project visibility
so that they can easily gain the insights.
Prince 2: It focuses on organisation and management; it stands for projects in controlled
environment. This framework is linear and concern with process based focusing to move project
initiatives from pre identified stages (Marnewick and Marnewick,2019). With this technique
project leader can easily manage all task so that better outcomes can be reached. However, this
technique consumer lot of time in documentation process across the project lifecycle from a very
initial point to finishing point.
Therefore, for 205 North quay construction project methodologies are essential, for this
project developers are already taking care of project techniques and other resources. for this
particular task agile methodology is followed by project management team, where it helps in

providing better stakeholder satisfaction. As of now this project is still in under construction and
using agile technique because of its several benefits like if there is any future requirement
coming from stakeholders, then with this agile method project team can easily proceed with
modification and add on information process. Therefore, agile method is used by project team to
manage project and breaking it into different modules so productivity in result can be achieved.

REFERENCES
Books and journals
Angarita, P. and Gallardo, R., 2018, November. Study of processes and procedures that affect the
success of construction works by construction companies according to the guide to the
project management body of knowledge (PMBOK Guide) in the municipality of Ocaña,
Norte de Santander. In Journal of Physics: Conference Series (Vol. 1126, No. 1, p.
012052). IOP Publishing.
Dasović, B. and Klanšek, U., 2021. Integration of mixed-integer nonlinear program and project
management tool to support sustainable cost-optimal construction
scheduling. Sustainability, 13(21), p.12173.
Dykstra, A., 2018. Construction project management: A complete introduction. Kirshner
Publishing Company.
Kocakaya, M.N., 2019. Building information management (BIM), a new approach to project
management. Journal of sustainable construction materials and technologies, 4(1),
pp.323-332.
Marnewick, A.L. and Marnewick, C., 2019. The ability of project managers to implement
industry 4.0-related projects. IEEE Access. 8. pp.314-324.
Morin, A.J., Bujacz, A. and Gagné, M., 2018. Person-centered methodologies in the
organizational sciences: Introduction to the feature topic. Organizational Research
Methods. 21(4). pp.803-813.
Naik, S. and Bobade, S., 2018. The benefits of information and communication technology
adoption in construction project management for small and medium
enterprises. Benefits, 5(06).
Raj, M. and Wadsamudrakar, N.K., 2018. Risk management in construction project. International
Journal of Engineering and Management Research (IJEMR), 8(3), pp.162-167.
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