Closure of 60 Big W Stores: Analysis of Project Management Strategies

Running head: CLOSURE OF 60 BIG W STORES
Closure of 60 Big W Stores
Name of the Student
Name of the University
Author note

CLOSURE OF 60 BIG W STORES1
Table of Contents
1. Project Snapshot..........................................................................................................................2
2. Introduction..................................................................................................................................3
3. Major Issues.................................................................................................................................4
4. Control Systems...........................................................................................................................5
4.1 Control Systems used for Cost..............................................................................................5
4.2 Control Systems for Schedule...............................................................................................6
4.3 Control Systems for Quality and Scope.................................................................................7
5. Analysis of costs and schedule overruns.....................................................................................8
6. Analysis of the project estimation team.......................................................................................9
7. Analysis of relationship between overruns and the stakeholders..............................................10
8. Analysis of possible actions for success....................................................................................11
9. Conclusion.................................................................................................................................12
References......................................................................................................................................14

CLOSURE OF 60 BIG W STORES2
1. Project Snapshot
(Figure 1: The Snapshot of the News Article)
(Source: Richards et al. 2019)

CLOSURE OF 60 BIG W STORES3
2. Introduction
The project is based on the understanding over the major factors based on closedown of
major projects and which have led to severe loss structure. In the present study, the major focus
is put over the struggle being faced at Big W based on their major closedown of stores due to
various aspects of inefficient project management strategies. Falling business profits being
incurred within the company has been the primary reason for the closedown of 183 minor stores
and 60 major stores within Australia (Matthews, Allouche and Sterling 2015). In a recent report
released by Macquarie Wealth Management, it can be understood that the decision for the
closedown of 60 stores from all across Australia has been made after the organisation had lost
nearly $8 million within the first half of year 2019 and $110 million in the past financial year.
The closedown of the major stores of Big W indicates the case of a major failure in the
management of projects by the internal management team. There are many kind of complex
projects, which mostly fail to gain the best kind of outcomes that had been planned during the
planning phase of the project. There are many organizations, which mostly commit to the
customers about the success of their projects (Jensen, Thuesen and Geraldi 2016). However, after
a certain point of time, it can be seen that these kind of projects mostly fail to deliver the best
outcomes and thus would have to be shut down completely owing to their low success rate.
The following part of the report would thus discuss about the major reasons that could
have occurred within the project. This is followed by a proper discussion over the type of control
systems that might have been used within the project in order to avoid the cases of failure. Based
on a proper kind of analysis made over the cost and time, it can be discussed about the major
reasons that had led to the failure of the project.