Project Management Heathrow Terminal 5 Report
Added on 2019-12-28
8 Pages1517 Words1056 Views
Heathrow Terminal 5 project
TABLE OF CONTENTS1.1 PROJECT ASSUMPTIONS......................................................................................................3Overview of the project..........................................................................................................3Stakeholders...........................................................................................................................31.2 PROJECT BUDGET INFORMATION....................................................................................31.3 PROJECT OBJECTIVES..........................................................................................................41.4 PROJECT APPROACH............................................................................................................4Time management..................................................................................................................4Risk management...................................................................................................................4Team.......................................................................................................................................5Cost management...................................................................................................................5Triple constraint Triangle.......................................................................................................6Methodologies and process....................................................................................................6Success / failure......................................................................................................................6REFERENCES................................................................................................................................8
1.1 PROJECT ASSUMPTIONS Overview of the project Heathrow terminal 5 may be served as terminal which is situated at such airport.Construction of such project started in the year of 2002 and completed in 2008. The main aim ofproject such as terminal 5 is to handle 35 million passengers in a year. From assessment, it hasbeen identified that in the year of 2015 Heathrow airport offered services to 33.1 millionpassengers on 215716 flights. It was one of the busiest terminals of London in terms of bothnumber of passengers and flights. Cost of the concerned project is £4.2 billion and it took 6years for the completion of project (Davies and Mackenzie, 2014).Stakeholders Stakeholders are the one who are highly interested towards the completion of specificproject. In the context of Heathrow Terminal 5 project local and international people, financiersand government. All such are the main stakeholders who are highly associated with the projectof Heathrow Terminal 5. Stakeholders who are identified above are highly important becausefinanciers are the one offers monetary support. Besides this, support from local people andgovernment authority is highly required to accomplish the project successfully. By offeringemployment opportunities at the time of construction and after the completion of projectTerminal 5 stakeholder’s expectations such as local as well as international people were met(Leach, 2014). 1.2 PROJECT BUDGET INFORMATION From assessment, it has been identified that £4.3 billion invested by British Airportauthority for the project of Heathrow terminal 5. Such cost includes several expenses such assalaries and wages of individuals, electricity and other miscellaneous expenses.
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