Project Management Application: Construction: Case study of Regency Plaza Project

Running head: PROJECT MANAGEMENT APPLICATION
Project Management Application: Construction: Case study of Regency Plaza Project
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1PROJECT MANAGEMENT APPLICATION
Table of Contents
Introduction......................................................................................................................................3
Part A: Project contracts..................................................................................................................3
1. Identify and analyze legal benefits and challenges that Regency Plaza experience................3
2. Mitigate the potential challenges of contract types.................................................................5
3. Contracts recommended for the project...................................................................................5
Part B: Project pre-planning............................................................................................................6
1. Analyze major challenges need to address to begin the construction and mitigate the
challenges....................................................................................................................................6
2. Effective approach use to meet on-time delivery of the project with low cost and high
quality..........................................................................................................................................6
3. Project cost breakdown structure.............................................................................................7
4. Work breakdown structure......................................................................................................8
Part C: Controlling communication.................................................................................................9
1. Communication management plan..........................................................................................9
2. Analyze report to address project stakeholder expectations..................................................10
3. Analyze level of stakeholder reports.....................................................................................10
Part D: Project close out................................................................................................................11
1. Explain role of following elements in close-out of the project:............................................11
2. Coordination of lessons learned component..........................................................................12

2PROJECT MANAGEMENT APPLICATION
Conclusion.....................................................................................................................................12
References......................................................................................................................................14

3PROJECT MANAGEMENT APPLICATION
Introduction
The report is based on analyzing the Regency Plaza Project which is a combination of
project consisting of 300-room Regency Plaza as well as 96 luxury condominiums. This report
argues the lawful benefits in addition to challenges that Regency Plaza experience in their
business operations. The challenges are identified for different contract type and mitigated on
time for successful completion of Regency Plaza Project. Effective approaches are also analyzed
to gather on-time delivery of the project with small cost moreover high quality. Project cost
breakdown structure and work breakdown structure are also analyzed so that the project manager
can track the progress of the construction work. Communication management plan is analyzed to
interact with the project team members to discuss the challenges and mitigation strategies.
Finally, the lesson learned components are identified for project close out.
Part A: Project contracts
1. Identify and analyze legal benefits and challenges that Regency Plaza experience
Following type of contracts help to identify and analyse legal benefits and challenges that
the project might experience such as:
Stipulated or lumps-sum contract: It is an agreement between the contractor and
customer. It is required that the contractor can agreed to give specified services for the fixed
price. It shits the cost liability from the client to contractor. At the time of bid submission, the
contractor should build large mark-up to contain the expenses (Adriaanse, 2016). The contractor
bids low to win it, then they may loss the money on contract until a strict control over time as
well as expense is done.