Project Execution Planning and Management Research Paper 2022

Running head: PROJECT MANAGEMENT
Project execution planning and management
Name of the Student
Name of the University
Author’s Note

PROJECT MANAGEMENT
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Table of Contents
1. Background of the case project....................................................................................................2
2. Best project delivery method.......................................................................................................2
3. Financial contract type.................................................................................................................5
4. Best procurement method............................................................................................................9
5. Risk management.......................................................................................................................12
5.1 Risk register.........................................................................................................................12
5.2 Risk quadrant analysis.........................................................................................................16
5.3 Risk mitigation.....................................................................................................................17
Bibliography..................................................................................................................................23

PROJECT MANAGEMENT
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1. Background of the case project
The paper mainly reflects on “Oakland Crossing Rail Project” which generally includes
proper construction of a rail underpass under the Morphett road for removing a level crossing.
The main aim of the project is to build the underpass for reducing traffic and for minimizing the
delays for the 42,000 motorist that uses that way each day. It is identified that the Federal
government generally helps in providing $95 million of budget where $74.3 million is provided
by the state government and in addition to this, it is found that Marion Council provided $5
million for undertaking the project. It is analyzed that on average weekday, the boom gates
generally get lowered by 25% at peak time and therefore removal of the crossing will generally
helpful in slashing delays for the people who generally uses this particular part of the southern
suburb’s road network. In addition to this, it is analyzed that this particular project will generally
helpful in supporting around 160 jobs during the construction work and that is expected to start
from 2018 and have been completed by the year 2019.
2. Best project delivery method
It is found that in order to select the best project delivery method, it is found that different
types of project delivery methods are mainly evaluated with the help of the selection matrix
(Carpenter and Bausman 2016). It is found that the delivery methods which are mainly evaluated
mainly includes design bid build, design build as well as CM@Risk.
Characteristi
cs
Weigh
t
Design bid
build
Weigh
t
Design
build
Weigh
t
CM@Ris
k
Weigh
t
Budget 30% Design bid
build is
30% Saves cost
due to
30% Fixed
price for
20%

PROJECT MANAGEMENT
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lowest in
price and it
helps in
offering a
lot of
opportunitie
s for
providing
input about
building
appearance
as both
designers
and
architect
work
together.
intensive
collaboratio
n between
the builder
as well as
designer
the
project is
mainly
followed.
Design 30% The design
that is
created with
the help of
this method
generally
30% It generally
puts least
input within
the design
of the
project.
15% It is found
that
owners
are
generally
liable for
15%

PROJECT MANAGEMENT
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meets
professional
standards.
the design
Risks 20% If the
architect as
well as GC
do not
collaborate
then the
process
generally
slows down
or there will
be increase
in the need
for the
various
change
orders.
5% They help
in
managing
the risks
that
generally
occurs
within the
project
15% CM@Ris
k
generally
accepts
different
types of
risks for
meeting
the
project
deadline.
15%
Schedule 20% The project
duration is
found to be
longer due
5% Quite
faster as
compared
to other
18% Faster
project
delivery
of they
15%

PROJECT MANAGEMENT
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to in-series
nature of
this
particular
method.
methods have
proper
access of
builder’s
perspectiv
e on time.
Total 100% 75% 78% 65%
After analyzing the selection matrix, it is found that design build delivery method will be
most appropriate for the Oakland Crossing Rail Project as with the helps of design build method,
the project managers will be able to meet the various types of performance related requirements
that is mentioned within the contract of the owner (Kramer 2017). It is found that proper
collaboration between the builders as well as designer generally allows only very much little
changes and thus it generally helps in saving cost. Furthermore, as the time for completing the
Oakland project is around 1 year, it is analyzed that DB method is most appropriate as this
method generally allows faster delivery by properly executing the activities on time.
Furthermore, this particular method is quite helpful in minimizes the chances of risk within the
project.
3. Financial contract type
According to Tran et al. (2018), financial contracts is one of the arrangements that
generally takes proper form of an individually negotiated contract, option or an agreement that is
mainly negotiated for transaction that are commonly enters by different participants within the
financial markets. The various types of financial contracts are mainly elaborated below: