Project Execution Planning and Management for Samsung C&T's WestConnex Project

Running Head: FINANCE 1
Project Execution Planning and Management
Name
Institutional affiliation
Date

FINANCE 2
Table of Contents
Company name: Samsung C&T........................................................................................... 4
Selected project: WestConnex project.................................................................................... 4
Background of the case project............................................................................................ 4
3. Project Delivery Method................................................................................................. 6
Table 1: Criterion of Selection for the best method of delivery..................................................9
4. Evaluation and recommendation on the best the type of financial contract for WestConnex............10
Table 2: Criteria of selection of the financial contract Type....................................................12
5. Best Procurement Methods............................................................................................ 13
Table 3: Best Criteria for procurement selection method.......................................................14
6. Identified Risk Records................................................................................................ 15
Table 4: Risk Register.................................................................................................. 15
Table 5: Qualitative risks categorized in terms of High Medium and low risks............................16
Risk mitigation Analysis.................................................................................................. 16
Table 6: Analysis of Risk Mitigation................................................................................17
Analysis of Risk Quadrant................................................................................................ 17
Figure 1: Sample of Risk Quadrant.................................................................................. 18
Conclusion................................................................................................................... 18
References................................................................................................................... 19

FINANCE 3
Company name: Samsung C&T
Selected project: WestConnex project
Background of the case project
Samsung C& T is a construction and engineering company found in South Korea.
KRW882.6bn ($ 785.9m) contract of building part of the WestConnex motorway within western
Sydney in Australia was secured by Samsung C & T. The New South Wales Government in
Australia put this newest contract of Sydney Motorway Corporation in place. The Samsung
group that holds the construction part known as the Samsung C& T is responsible for
participating and accomplishing all the suggested three stages the WestConnex construction
project is to go through since it won this latest contract (Zhou, 2019). The Samsung C & T
Korean company is expected to build an underpass and an annex as suggested in the third stage
of the project in Australia.
The project started in March 2015 and the contracting company is targeting to complete
the construction by June of 2023. The motorway is expected to expand the M4 in underground
tunnels that will be between Haberfield and Homebush so that the road capacity from M5 East
corridor with underground tunnels doubles (Jenny, 2019). Samsung C& T participated in the
first and second stage of the project that built the 33km motorway. Samsung C&T owns a 33.3%
stake within the project. The company of Samsung C &T completed the first stage of the $ 680m
contract. In the second stage, the company made an agreement with Australian and Spanish
companies with an intension of getting $ 2.8b contract for the share of 30%. One of an integrated
transport plan for the New South Wales Government in Australia to improve the transport sector

FINANCE 4
of Sydney is the WestConnex motorway. The underground tunnels are meant to run between St.
Peters and Kingsgrove (Jenny, 2019). The New South Wales and the Australian government
formed a joint project of WestConnex as a motorway scheme. The scheme is meant to extend
and widen the M4 motorway, to construct a new part of the M5 motorway and also connecting
the M4 and M5 through constructing the inner western bypass. The aim of project is to introduce
a 33km that is supposed to connect western Sydney and south-western Sidney to the airport of
Kingsford and finally to botany Precincts port. (Zhou, 2019). Also, the new tunnel between the
corridors will be included.
The stages that WestConnex project will go through up to the year 2023 are as follows;
Stage one
This stage includes stage 1 A and stage 1 B as explained below;
Stage 1(A): This part of the stage involves the widening of M4 motorway from
Parramatta up to the Homebush (Jenny, 2019).
Stage 1(B): This stage is meant to extend M4 East that is proposed to connect Haberfield,
Homebush and city of Concord.This phase provides the next link the corridors of M4 to M5
(Public Accountability Committee, 2018).
Stage two
This stage of the project constructs M5 which is from Beverly Hills to St. Peters. It
involves construction of the other similar M5 corridor in Beverly Hills connectingKings
groveemanating from St Peters. The new M5 tunnels are to link M4 to M5 links for future