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Project Execution Planning and Management

12 Pages2520 Words115 Views
   

Victoria College

   

Project Execution Planning and Management (BCO1102)

   

Added on  2020-02-24

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The project delivery technique is defined as an efficient process or system for generating the design, scope, consultants, and design sequence for completing any construction project. Financial contract types and procurement methods are also discussed in the study.

Project Execution Planning and Management

   

Victoria College

   

Project Execution Planning and Management (BCO1102)

   Added on 2020-02-24

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Project Execution Planning and ManagementName of the StudentName of the University
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Table of Contents1. Project Delivery Method..............................................................................................................32. Financial Contract Type..............................................................................................................53. Procurement Method...................................................................................................................8Bibliography..................................................................................................................................11
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1. Project Delivery Method The project delivery method is defined as an efficient process or procedure utilized in anyconstruction project for developing the design, scope, consultants and design sequence forcompleting the project. Therefore, each project differs in characteristic with the other based onthe delivery method used for completion of the project. Currently, in the public funded project,the three major project delivery methods are followed including CM @ risk, Design build anddesign bid build. The selection of the appropriate project delivery method needs to be consideredbased on the alignment of the project requirement with the characteristics of the method. The various characteristics of the method of the three project delivery method areillustrated in the section below:Design-Bid Build: The process of Design Bid Build is considered as one of thetraditional process used for design and construction. In this process the design of the project iscompleted before the bidding process, and the construction part of the project is provided forconstruction project. In this type of delivery method, the errors regarding the design of theconstruction project becomes the responsibility of the project owner. Design Build: In the project delivery method of Design build, both the design andconstruction module of the project are being procured. This type of project is being characterizedby the contract from one single entity. Usually the process of RFP (Request for Proposals) andRFQ (Request for Qualifications) are being employed in the project. CM @ Risk: This type of project delivery method is characterized with differentconstruction and design procurement for completing the construction. The contract between the
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construction manager and the construction agency is at risks determining the final time and costrequired for the construction project. Based on the characteristics of the three delivery methods, CM @ Risk, Design Build andDesign-Bid Build methods has been provided the score in the evaluation matrix. In the project delivery method evaluation matrix, it has been identified that application ofdesign build method would be most appropriate for selecting the appropriate project deliverymethod for the project for widening the existing highway for the Sydney motorway network.From the case study for the project of widening of the Sydney Motorway Network it has beenidentified that the working capacity and complexity in widening of the road are the significantfactor that needs to be considered while selecting the project delivery method. The M5 motorwayhas been predicted to have an increase in the traffic of 24 % in the weekdays. Therefore, theconstruction for widening of the motorway needs to be carried out with utmost care and safetywithout risking the daily life of thousands of individuals. Therefore, in the evaluation matrix,design complexity has been provided with maximum weightier. In addition to that, the inabilityor failure to manage the organizational structure associated with the widening of the motorwaycarries the potential for slipping out vital activities in the project. Therefore, risk assessment andmanagement in the project is the second most significant factor having the maximum weight.Further, the project has been scheduled to be completed within 2023. Failure to complete theproject within set deadline will in turn increase the complexity and budget for construction.Therefore, schedule delivery has been allocated as the second highest weight for the project. Costallocated and the owner experience has been provided with the thirst highest weight as AUD16.8 billion has been contracted for the project.
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