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Case Study on Project Management PDF

   

Added on  2021-06-18

15 Pages3447 Words104 Views
Running Head: PROJECT MANAGEMENT APPLICATIONS: CASE STUDYReportPROJECT MANAGEMENT APPLICATION:CASE STUDY

PROJECT MANAGEMENT APPLICATIONS: CASE STUDY 1Table of ContentsIntroduction................................................................................................................................2Project contracts.........................................................................................................................2Stipulated or lump-sum contract............................................................................................3Cost of work plus fee contract...............................................................................................3Cost of work plus fee with guaranteed maximum price contract...........................................4Construction management contract........................................................................................4Design-build and design-and-construct contract....................................................................4Project pre-planning...................................................................................................................5Work breakdown structure.....................................................................................................6Cost breakdown structure.......................................................................................................7Controlling communication.......................................................................................................8Communication management plan.........................................................................................8Project close out.........................................................................................................................9Conclusion................................................................................................................................10References................................................................................................................................12

PROJECT MANAGEMENT APPLICATIONS: CASE STUDY 2IntroductionConstruction industry is very diverse which is connected with the economy of any nation heavily. In Australian economy, construction industry plays a significant role, with a total contribution 12.5% of the income of all industries which is higher than its proportion of total workforce. Project management of the construction industry is growing continuously, in context of practices and knowledge, with new innovative and effective development and research in the field. Many industries have accepted the project management, as a result of globalization, international markets and projects, all over the world. Almost population in the modern society is in a close relationship with industry[ CITATION Dee17 \l 16393 ]. Construction industry is full of risks. In 2016, 182 workers fatalities, that is equal to the 1.5 fatalities over 100,000 workers. This was the lowest rate since 2003. All this is because of theconstruction planning and risk management of the industry[ CITATION ElS14 \l 16393 ].This report contains a thorough discussion about the construction planning and risk management of the industry using the given case study of “Regency Plaza”. The report demonstrate the application of project management tools and techniques in complex construction project management situation and analyse the role of project cost supply chain logistics and contractual agreements.Project contractsIn the construction project management the contract of the work are of different types. These contracts are defined as the procuring the work with some agreement on the payment of the work. On the basis of cost estimation for the contract these contracts are classified as Stipulated or lump-sum contractCost of work plus fee contract

PROJECT MANAGEMENT APPLICATIONS: CASE STUDY 3Cost of work plus fee with guaranteed maximum price contractConstruction management contractDesign-build and design-and-construct contractStipulated or lump-sum contractIn the lump-sum or stipulated contract a traditional procuring of the project is followed and still this is the commonly used contract in construction industry. This contract is defined as a fixed price contract in which the constructor undertake the execution responsibility of thetotal work and charging a fixed amount[ CITATION Che08 \l 16393 ]. This contract has an advantage of general predictability, assured maximum price and easy management. It provides a high degree of certainty as per cost the consideration. The payments of this contract are made after the each fixed time interval. This contract is also easy to supervise and manage. But on the other hand in this contract the regency plaza may face some barriers or issue such as it goes for a greater risk to the contractors. The quality change due to cost effectiveness and rejection of the change order request during the construction time also make regency plaza management to reject this type of contract.Cost of work plus fee contractThis contract charges for the total cost of the work and additional fixed amount of fee, to be paid to the contractor, for the construction. This contract is cleared in terms of legal issues for any further changes. The Depending on the parties there may be different issues and benefits of this contract. This contract has many advantages for the investors like the final cost may be lower than that of in the normal contract, contractor has less incentives to control the total cost of the project etc. On the other side disadvantages of this contract like uncertainty of the final cost for the project, additional requirement for the administration etc. may come before the management of regency plaza. Regency plaza practiced this contract

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