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Project Execution Planning and Management - Doc

   

Added on  2020-02-24

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Running head: PROJECT EXECUTION PLANNING AND MANAGEMENT 1Project Execution Planning and ManagementName:Institution:
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PROJECT EXECUTION PLANNNG AND MANAGEMENT 2Project Execution Planning and ManagementIntroductionWestLINK aim at increasing the chances of success of this project by integrating the design and management of the activities. Thus, this report briefly analyses various project delivery methods and recommend the best option based on the various assumptions and rationale. Some of the project delivery methods that are briefly highlighted include design-bid-build, design-build and CM@Risk among others. The report further highlights various types of financial contract based on the most relevant project criteria. The discussed financial contract type must be the most pertinent for this type of project and include Lump sum, guaranteed maximum price and cost plus fixed fee contracts. Lastly, the report analysis and recommend the most viable procurement method that can be used to widen the project scope and size. Specifically, the report evaluates Competitive, Best value and Negotiated procurement methods and recommends the most suitable one for a process of this magnitude. Background of case studyThe case involve the preparation of a comprehensive plan for a client on how to selectthe best and most viable project delivery system, the financial contract type and the most relevant procurement procedure. The Sydney motorway network is embarking on the improvement and construction of various roads to supplement the existing one. In order to attract funding from the Australian Government to effectively execute the project, this plan isnecessary. The proposal will ensure effective monitoring of the quality of the work and ensure relevant approaches are undertaken towards the completion of the project. Some of theinherent challenges that necessitate such a plan include the company’s inability to sustain the fast-tracking and control of related costs. Correspondingly, without such a plan, it will be difficult for the company to ensure that workers are safe from the massive traffic from Paramatta road given that more than 140,000 vehicles occasionally move through the
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PROJECT EXECUTION PLANNNG AND MANAGEMENT 3corridor. Besides, a strict 2023 deadline for the project completion implies that WestLINK must adhere to the specified plan that is subsequently detailed. Project delivery methodsAccording to Mollaoglu-Korkmaz et al. (2011), project delivery method refers to a detailed system that is used in the organization and financing specific projects, facilitating operations and maintaining related services. Specifically, project delivery involves such processes and mechanisms involve in the design and building projects. WestLINK must enterinto a contractual relationship with the Australian government among other important agencies to effectively design and successfully construct the project. There are numerous factors that influences the selection of project delivery methods. For instance, the experience of the company to the contacted, qualifications and capabilities must be taken into consideration. Likewise, the scale, form, purpose and project complexity are also important factors that cannot be ignored whatsoever (Harold Kerzner, 2013). A project sequence, establishment of timelines, costs and the inherent ability to fast-track project progress are other important factors that will influence project delivery methods (Laslo, 2010). GOALS/CRITERIACRITERIA WEIGHTProject delivery methodsDesign-bid-buildDesign-buildCM@RiskScore Weighted scoreScore Weighted score Score Weighted score Project delivery speed 30515082405150Seamless communication20510051005100Cost control30412061806180Work with local subcontractors 20510061205100
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