PROJECT EXECUTION PLANNING AND MANAGEMENT

Running head: PROJECT EXECUTION PLANNING AND MANAGEMENT
Project Execution Planning and Management: Sydney Metro Project
Name of the Student
Name of the University
Author’s Note:

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PROJECT EXECUTION PLANNING AND MANAGEMENT
Table of Contents
1. Introduction..................................................................................................................................2
2. Discussion....................................................................................................................................2
2.1 Brief Idea of the Case Study..................................................................................................2
2.2 Suitable Recommendation of the most significant Project Deliveries Methodology for the
Sydney Metro Project on the basis of Few Criteria.....................................................................2
2.3 Assessment and Suggestion of the Finance Contract for Sydney Metro Project..................6
2.4 Evaluation and Recommendation of the Best Procurement Method.....................................8
2.5 Risk Management Plan for the Sydney Metro Project........................................................10
2.5.1 Risk Register.................................................................................................................10
2.5.2 Risk Quadrant Analysis................................................................................................10
2.5.3 Risk Mitigation Plan.....................................................................................................12
3. Conclusion.................................................................................................................................12
References......................................................................................................................................14

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PROJECT EXECUTION PLANNING AND MANAGEMENT
1. Introduction
Project management could be referred to as the main process for fulfilling the most
distinct and important success criterion at the particular time. The most significant obstacle of
this PM is obtaining all types of project goals in the subsequent constraints (Kerzner 2017). This
report will be outlining a brief description on project execution planning as well as management
for the popular and significant project, called Sydney Metro Project for choosing the best
methodology for project delivery, best finance contract types and the best method for
procurement as well as a suitable risk management plan with relevant details.
2. Discussion
2.1 Brief Idea of the Case Study
Sydney Metro is a completely automated rapid transit system that is located in Sydney,
New South Wales, Australia. The project is being owned by Transport for NSW and it consists
of 13 number of stations. The project is considered as one of the most significant and important
projects in entire Australia and is scheduled to complete in the year of 2024 (Sydney Metro.
2020). The Sydney Metro West project has been announced and it would be running from the
CBD to Westmead. The owner of the project has ensured that maximum effectiveness and
efficiency is being obtained under every circumstance. The design structures and processes are
extremely effective and additional lines are being taken into consideration for this purpose.
2.2 Suitable Recommendation of the most significant Project Deliveries Methodology for
the Sydney Metro Project on the basis of Few Criteria
A methodology of project delivery can be referred to as a system that is being utilized by
any particular agency or owner for proper organization as well as financing of the designs,

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PROJECT EXECUTION PLANNING AND MANAGEMENT
constructions, procedures and even services of maintenance for the structure or facilities only by
making an entrance into proper legal agreement with 1 or more parties and individuals
(Meredith, Mantel Jr and Shafer 2017). There exist three distinct types of project delivery
methods present that could be extremely effective and significant for the respective project. For
this particular project of Sydney Metro, proper description of these three delivery methods is
provided in the following paragraphs:
i) Design Bid Build: The first and the foremost project method of delivery for Sydney
Metro project is design bid build. It is also termed as design tender and is considered as one of
the most traditional method or hard bid. In this specific method, the project’s owner makes a
contract with separate entity for the respective designing as well as construction (Heagney 2016).
There are three major sequential phases to the delivery method of design bid build, which
includes the designing phase, the bid or tender step and finally the construction stage. In the
designing stage, the respective owner maintains an architect for designing as well as producing
the major bid documents like inclusion of construction drawing or technical specification, over
which several generalized contractors would in turn bid to construct the significant project of
Sydney Metro (Fleming and Koppelman 2016). For properly building the project, the architect
would be working with the owner for successfully identifying the requirements of the owner,
development of the written program for documentation of these distinct needs and then also
producing a schematic as well as conceptual design.
The second phase is the bidding or tendering phase, in which bidding can be done in open
and as a result, any qualified bidder might participate or select the limited number of previously
selected contractors, who are being invited for bidding. Several contactors are present for
bidding on the project and hence obtaining numerous copies of the tender documents. The bids