Managing Strategic Risk and Project - ANZ Stadium Redevelopment

MANAGING STRATEGIC RISK AND
PROJECT

Table of Contents
Part 1: Project charter.................................................................................................................1
Introduction............................................................................................................................1
Scope......................................................................................................................................1
Objectives...............................................................................................................................2
Resources...............................................................................................................................2
Stakeholder.............................................................................................................................3
Part 2 Project plan......................................................................................................................5
Project management approach...............................................................................................5
Management plan...................................................................................................................7
Work breakdown structure.....................................................................................................8
Scheduling..............................................................................................................................9
Gantt chart............................................................................................................................17
Change management............................................................................................................18
Risk management.................................................................................................................19
Communication plan............................................................................................................21
Quality management............................................................................................................23
Procurement management....................................................................................................24
Conclusion................................................................................................................................25
Bibliography.............................................................................................................................26

List of figures
Figure 1: Waterfall approach.....................................................................................................5
Figure 2: WBS............................................................................................................................8
Figure 3: Gantt chart................................................................................................................17

List of tables
Table 1: Resource.......................................................................................................................2
Table 2: Risk register...............................................................................................................19
Table 3: Risk matrix.................................................................................................................20
Table 4: Communication plan..................................................................................................21

Part 1: Project charter
Introduction
Project management is the broad term that uses for managing the activities related to a
project by focusing on the initiating, planning, executing, monitoring and control and closing.
The project manager is responsible for managing project activities by dividing the tasks as
per the project plan. For a successful project completion, it is essential to identify and manage
the risks that can impact the outcome. Strategic risk management is the process of
identifying, quantifying and mitigating the risk for the particular project by considering the
objectives. The current report will provide information about the redevelopment of ANZ
Stadium in Sydney. The stadium is having significant contribution in organizing the sporting
events in the country. The top authority of stadium is looking to increase the capacity and
improvement in the facility areas. The report will provide information about scope,
objectives, and stakeholders that will take active participation in the project management.
Moreover, the report will discuss risks and scheduling of the tasks to complete the project in
the estimated cost and time.
Scope
The redevelopment project for ANZ Stadium is going to be undertaken for increasing
the capacity of the stadium and facility for the visitors. The redevelopment of the stadium
will help the leading authorities to increase the seating capacity by 40000 to 45000.
Moreover, the authority is looking for improving the experience of fans. The cost of this
project would be high and create the dispute between the state and national government for
allocation and arrangement of funds.1 The project manager will be responsible for planning
the activities and offering the guidelines for team members to meet the objectives. The scope
of the project involves the effective utilization of the existing infrastructure of the stadium
and develops a sustainable plan for redevelopment. The focus of the project manager will be
on budget, risk and proposed outcome of the project. Apart from that, the project manager
will analyze and implement the standards of construction for the ethical and legal approach in
the planning and execution of the project.
1 Eskerod, Pernille, Martina Huemann, and Claudia Ringhofer. "Stakeholder inclusiveness: Enriching project
management with general stakeholder theory." Project Management Journal 46, no. 6 (2015): 42-53.

Objectives
Following are the key objectives of the project of redevelopment of ANZ Stadium:
 To improve the seating capacity of stadium
 To encourage the facility areas for fans
 To provide better security and packing services for fans
 To improve the ground facilities for sporting event
The project manager will consider the following objectives for developing the plan for
the redevelopment of the stadium. The proper consideration of objectives will be helpful for
determining the budget and standards that need to be focused on maintaining the
sustainability of the project.2 The expected time for achieving objectives is the end of 2019.
The project manager will make the breakdown of activities according to the time frame and
arrange the resources.
Resources
Table 1: Resource
Resources Requirements
Human resource  Project manager
 Administrator team
 Supplier
 Workers
 Supervision
 Architect 3
Financial resources Provided by the management authority and
government
Technical resources  CCTV
 Security tools
 Fire alarm
2 Ojiako, Udechukwu, Max Chipulu, Alasdair Marshall, Melanie J. Ashleigh, and Terry Williams. "Project
management learning: A comparative study between engineering students’ experiences in South Africa and the
United Kingdom." Project Management Journal 46, no. 4 (2015): 47-62.
3 Flyvbjerg, Bent. "What you should know about megaprojects and why: An overview." Project management
journal 45, no. 2 (2014): 6-19.

 AC
 Communication network
Other  Machinery
 Ladders
 Health and safety equipments
 Transportation vehicles
Stakeholder
Following are the internal and external stakeholders for the project of redevelopment
of ANZ Stadium:
Internal stakeholders:
Authority: The stadium is managed by ANZ authority for organizing the sporting events and
other functions. For the redevelopment of the stadium, the managing authority will provide
information about the requirement and allocation of funds for maintaining the construction
work.4 The main objective of this stakeholder is to meet the future needs of the stadium
through the redevelopment project.
Employees: The employee of ANZ stadium will coordinate with the project management
team for managing the activities related to documentation, fund planning, the offering of
assessing of particular location and map of the past construction for implementing the
changes. The employees of the stadium will also monitor the work of the project team as per
the standards. The aim of employees of ANZ stadium is to keep the record of each activity
related to construction.
External stakeholders:
Project manager: The project manager will be the key stakeholder of this project as he will
manage all tasks from planning to the closing of the project. The project manager will
communicate with ANZ authority and provide the information of the plan to team members.5
The role of the project manager is to develop the plan on the basis of requirement of
4 Aubry, Monique. "Project management office transformations: Direct and moderating effects that enhance
performance and maturity." Project Management Journal 46, no. 5 (2015): 19-45.
5 Eriksson, Per Erik, Roine Leiringer, and Henrik Szentes. "The role of co-creation in enhancing explorative and
exploitative learning in project-based settings." Project Management Journal 48, no. 4 (2017): 22-38.

redevelopment, allocate the budget, offering of role and responsibility to team members and
evaluate their performance according to KPI’s.
Supplier: The supplier will play the critical role in managing construction project and
complete it according to the proposed time. The project manager will make the agreement
with suppliers for offering the construction material on time and with quality assurance. For
this project, the supplier will provide their support for earning the profit by offering the
material.
Supervisor: In order to manage the project, the stakeholder list involves the supervisor. The
supervision of the big project will be responsible for monitoring and controlling the
operations related to the construction plan and communicates the issues and performance of
team members to the project manager for further decision making.6
Workers: The project will be implemented by the worker as per the guidelines of the
supervisor and project manager. The worker will perform operations according to the project
plan and follow the instruction of the project manager to increase the efficiency and
effectiveness of the project. The objective of the worker through this project is to gain
monetary benefits for the day working.
Government: The government bodies will influence project plan and operations. The role of
government in this project would be monitoring of tasks according to rule and regulations of
national standards of construction. Moreover, the government will provide the access of
resources for construction to the authority of ANZ and project team7.
Environmental bodies: The environmental bodies will contribute in the project by offering
guidelines for proper waste management and follow of environmental laws for construction.
The project manager will coordinate with the head of environmental bodies and make the
appropriate changes in the project plan.
6 Chiocchio, François, and Brian Hobbs. "The difficult but necessary task of developing a specific project team
research agenda." Project Management Journal 45, no. 6 (2014): 7-16.
7 Khalili-Damghani, Kaveh, and Madjid Tavana. "A comprehensive framework for sustainable project portfolio
selection based on structural equation modeling." Project Management Journal 45, no. 2 (2014): 83-97.