SBM3302 - Project Execution Planning and Management Assignment
Added on 2020-02-24
13 Pages2623 Words145 Views
Running head: PROJECT MANAGEMENTTopic- Project Execution Planning and ManagementName of the StudentName of the UniversityAuthor’s Note
PROJECT MANAGEMENT1Table of Contents1. Project Delivery Method..............................................................................................................22. Financial Contract Type..............................................................................................................53. Procurement Method...................................................................................................................7References......................................................................................................................................10
PROJECT MANAGEMENT21. Project Delivery MethodThe method of project delivery is generally referred as a system that is mainly used eitherby an owner or by some agency that mainly assists in financing as well as organizingconstruction, operations as well as maintenance services for the facility or structure that isentered into some of the legal agreements. It is identified that each of the project mainly differsin characteristic with others in context to delivery method that is mainly utilized for competingthe entire project (Wedin & Johansson, 2017). It is found that there are generally three types ofproject delivery methods that include design bid build, design build and CM@ risk. Among thethree-project delivery method, it is identified that most appropriate method is mainly applied inthe public funded project. It is found that the application of method is generally dependent on thealignment of method characteristics with various project related needs. The different types ofdelivery method that are related with project are elaborated below:Design Build: In this particular method, it is identified that the design as well asconstruction related project module are generally procured. Design build type of project aremainly characterized with the help of the contract from one entity (Da et al., 2014). It isidentified that usually request related with qualification and request for proposals are generallyemployed in the entire project.CM @ Risk: This type of method is generally have feature that are related with differentcategories of construction as well as design procurement for executing the entire projectsuccessfully (Jans, Alles & Vasarhelyi, 2014). The contract that exist between the constructionagency and the contract manager helps in determining the assumed time and cost that are neededfor completing the entire project successfully.
PROJECT MANAGEMENT3Design-Bid Build: This method is mainly considered as the traditional procedure that isutilized for both construction and design (Hayden, 2016). In this method, it is analyzed that theproject design is mainly completed before the procedure of bidding. In this type of methods, it isidentified that various types of errors related with the construction of the project is consideredproject owners responsibility. Depending on the characteristics of the delivery model, proper score has been providedwithin the evaluation matrix. In the evaluation matrix related with the project delivery method, itis analyzed that the most significant method is design build for widening the highway of themotorway which is mainly situated in Sydney. It is identified from the case study of wideningthe network of motorway that the complexity as well as capacity of working is quite significantand therefore they must be analyzed properly before the selection of proper delivery method(Wedin Hansson & Johansson, 2017). It is predicted that M5 motorway will enhance the trafficby 24% in weekdays. Therefore, it is analyzed that development of motorway network must becarried out properly with proper care and safety so that it does not create any risk on the dailylife of the individuals. Design complexity is provided with maximum weight within theevaluation matrix (Witjes & Lozano, 2015). Additionally, the failure or inability of managingthe structure of the entire organization that is related with widening of the motorway helps incarrying proper potential for slipping different types of activities of the project. Risk assessmentmanagement related with the project also have maximum weight. Therefore, the entire project isscheduled to be completed within the year 2023.Goals/ CriteriaCriteriaWeightProject Delivery MethodDesign-Bid Build Design-Build CM @ Risk
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