Understanding Project Management Concepts

This assignment delves into the fundamental concepts of project management by examining a collection of articles. The provided texts cover diverse aspects of project management, including enterprise risk management, global project communication, collaboration strategies, human safety, and the integration of project and organizational change management. The analysis aims to synthesize these concepts and provide a comprehensive understanding of key project management principles.

Running head: PROJECT MANAGEMENT
Topic- Project Management
Name of the Student
Name of the University
Author’s Note

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PROJECT MANAGEMENT
Executive Summary
The report focuses on three different project plans. The first project reflects on the construction
of “Hilton Surfers Paradise” which is mainly situated between Orchid Avenue and Surfer
Boulevard and the second project focuses on “Brookfield Place” which is mainly located within
the Brookfield Place office complex in Perth, Australia. Moreover, it is identified that the third
project reflects on the “MIT Swanston” which is one of the original tertiary institutions of
Australia. It is found that the projects mainly faces number of risks which mainly includes
change in the decision of the stakeholders, failure to complete the construction work, improper
environmental analysis, public objections, change in the technology, overrun cost in construction
as well as due to the improper experience of the workers. The risks that the project faces can be
minimized or mitigated by using proper method or strategies. It is identified that the entire
construction of high rise buildings starts on 5th march 2018 and finishes on 8th August 2018 by
utilizing the design-bid-build method. The entire cost that is needed for completing the project
successfully on time is around $400,000. In this paper, the risks as well as challenges associated
with the project are elaborated so that the project manager can easily analyze the risks and
utilizes proper risk mitigation strategies in order to resolve them. It is identified that the budget
of the project is estimated properly and by utilizing the Gantt chart, the schedule of the project is
reflected.

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Table of Contents
1. Risk assessment...........................................................................................................................4
2. Cost Estimation............................................................................................................................7
3. Project Schedule..........................................................................................................................8
3.1 Planning the bid preparation..................................................................................................8
3.2 Maintaining activity codes...................................................................................................12
5. Background Research and report...............................................................................................12
5. 1: Project -Hilton Surfers Paradise, Queensland..................................................................12
5.2: Project -Brookfield Place, Perth.........................................................................................13
5.3: Project -RMIT Swanston....................................................................................................14
Bibliography..................................................................................................................................16

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PROJECT MANAGEMENT
1. Risk assessment
S
No
. Activity Hazard
Risk
Leve
l
Probabilit
y Impact
Consequenc
e
Order Of
Magnitude Person to harm
Risk of new
value
Mitigation
procedure
1
Design
associated
risk in
construction
plan
It mainly
causes
delay in the
project plan 16 Likely Severe 18%
$
1,000,000.00 Project
$
120,000.00
The design
of the
construction
plan must be
created
properly so
that no
design
associated
risk arises
2
Change in
the decision
of the
stakeholders
The time
that is
needed for
completing
the plan
exceeds if
change in
decision of
the
stakeholder
s occurs. 19 Likely Moderate 20%
$
1,200,000.00
Project and
person
$
320,000.00
The
decision of
the
stakeholders
must not be
changed
randomly
3
Failure of
completing
the
construction
work as per
contract
Delay in
completing
the work of
the project
plan as per
the contract 17 Moderate Moderate 16%
$
1,000,000.00 Project
$
127,000.00
The
construction
work must be
completed as
per the
contract so
that the
entire project
will be
completed in
proper time
and budget
4 Public
objections
Lack of
public
awareness
causes
delay
5 Likely Minor 12% $
1,600,000.00
Project delay $
120,000.00
The
problems of
the public
must be
noticed
properly so

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that any issue
associated
with it can be
resolved
easily.
5
Improper
environment
al analysis
Improper
analysis of
the
environmen
t can cause
number of
accidents 9 Likely Moderate 8%
$
1,300,000.00 Public
$
100,000.00
The
environment
al problems
related with
construction
must be
analyzed
properly so
that no
environment
al related
issues occur
6
Change in
standards and
laws
The
workers or
higher
authorities
will face
number of
difficulties
in
managing
the work of
the project 14 Unlikely Minor 20%
$
100,000.00 Public
$
200,000.00
The laws
and standards
must be kept
same so that
the
organizations
does not face
any problem
in
completing
the project
7
Late delivery
of materials
Late
delivery of
project plan 13 Possible Moderate 20%
$
1,000,000.00 Project delay
$
200,000.00
The delivery
of the
materials
must be done
on time so
that the
project
managers
does not face
any issue
associated
with delivery
of materials
8 Inexperience
d workers
The
completion
of the
project is
not
7 Possible Moderate 12% $
1,700,000.00
Project $
320,000.00
Proper
experienced
workers for
the project
must be hired

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completed
on proper
time
so that the
project will
be completed
on estimated
time and
budget
9
Improper
facility of
protection
within the
site
It can cause
death of the
workers or
workforce 5 Possible Minor 10%
$
1,500,000.00 Public
$
150,000.00
Proper
facility of
protection as
well as safety
of the
workers must
be provided
on site
10
Improper
scheduling
Due to
improper
scheduling,
it is quite
difficult to
complete
the entire
project on
time and
budget 8 Unlikely
Significan
t 11%
$
1,000,000.00 Project delay
$
250,000.00
The project
schedule
must be
created
properly so
that the
entire project
will be
completed as
per the
schedule
11
Technology
change
The plan of
the project
got delayed 10 Moderate Moderate 17%
$
1,200,000.00 Project delay
$
320,000.00
The change
in technology
can be
managed by
hiring
experienced
workers
12
Overrun cost
in
construction
The budget
that is
estimated
for the
project
found to be
insufficient
for
completing
the project 11 Moderate Major 12%
$
1,000,000.00 Project delay
$
300,000.00
The budget
for the
project must
be estimated
properly so
that the
project
managers
does not face
nay problem
in
completing
the project

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2. Cost Estimation
Figure 1: Budget Estimation
(Source: Created by Author)

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3. Project Schedule
3.1 Planning the bid preparation
Task Name Duration Start Finish Predecessors
Construction of high rise
building
111 days Mon 3/5/18 Mon 8/6/18
Scope definition 57 days Mon 3/5/18 Tue 5/22/18
Requesting bid
documents
13 days Mon 3/5/18 Wed 3/21/18
Receiving bid
documents and deciding to
plan for bid
12 days Thu 3/22/18 Fri 4/6/18 2
Brief bid stakeholders
and participants
13 days Mon 4/9/18 Wed 4/25/18 3
Site evaluation project
visit
10 days Thu 4/26/18 Wed 5/9/18 4
Design or construction
preparation build strategy
12 days Thu 4/26/18 Fri 5/11/18 4
Engineering preparation
bid design
9 days Thu 5/10/18 Tue 5/22/18 5
Estimation 31 days Thu 5/10/18 Thu 6/21/18
Quantity take off and 14 days Thu 5/10/18 Tue 5/29/18 5

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BofQ
Pricing standards for
bid
15 days Thu 5/10/18 Wed 5/30/18 5
BofQ pricing 12 days Mon 5/14/18 Tue 5/29/18 6
Project planning 16 days Wed 5/23/18 Wed 6/13/18 7
Project risk assessment 12 days Wed 5/23/18 Thu 6/7/18 7
Set allowances and
contingency
15 days Wed 5/30/18 Tue 6/19/18 9
Preparation of draft bid
documents
17 days Wed 5/30/18 Thu 6/21/18 9
Review 47 days Wed 5/30/18 Thu 8/2/18
Meeting for bid
clarification
25 days Thu 5/31/18 Wed 7/4/18 10
Reviewing bid with the
help of stakeholders
28 days Wed 5/30/18 Fri 7/6/18 11
Conversion of draft to
final bid
25 days Thu 6/14/18 Wed 7/18/18 12
Senior management
review
30 days Fri 6/8/18 Thu 7/19/18 13
Finalize bid for the
review of CEO
32 days Wed 6/20/18 Thu 8/2/18 14
Submission 32 days Fri 6/22/18 Mon 8/6/18

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CEO final review 3 days Fri 6/22/18 Tue 6/26/18 15
Finalization of
documents for bid
submission
2 days Fri 8/3/18 Mon 8/6/18 16
Submission of bid by
12 noon
1 day Thu 7/5/18 Thu 7/5/18 17

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Figure 2: Gantt chart
(Source: Created by Author)

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3.2 Maintaining activity codes
Resource Name Initials
Bid contractor YOU
Bid production manager JS
Production assistant FN
Design engineers DES
Construction engineers RP
Contracts NA
Scheduler NA
Planning engineer NPQ
Lead estimator JB
Estimator JP
Estimator DR
Estimator BS
Clerical support CEO
Chief executive officer and board CON
5. Background Research and report
5. 1: Project -Hilton Surfers Paradise, Queensland
The client name is ADCO construction and Ashish Reddy is the name of the project
manager. It is identified that the clients of construction are Digga Excavations and Wellam
Constructions. The high rise building “Hilton Surfers Paradise” is mainly constructed between
Orchid Avenue and Surfer Boulevard”. The construction of the building starts on 5th March
2018 and finishes on 6th August 2018. It is identified that the project utilizes Design bid build
method. The construction of the building is done in such a way that the stunning towers of the
building helps in offering the facility of accommodation. The Hilton Surfers Paradise not only
helps in epitomizing Brookfield capacity for constructing ionic building but also helps in
emphasizing the companies to innate capacity for providing solutions which are very much
innovative and assist in providing value for money. It is stated by Gapes (2014) that during

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construction of Hilton Surfers Paradise, the main complexity occurs during the economic
downturn in which main provision that is made was to complete the construction of the
building on both time and budget while maintaining the quality level. It is found that the
curvilinear forms of the building generally reciprocate the nearby ocean but the building was
generally designed as well as built as efficiently as possible so that the budget that is required
for completing the construction will be minimized. The construction of Hilton Surfers paradise
faces number of risks including improper maintenance of the stability of various neighboring
building during excavation, simultaneous construction of different work faces as well as
operation of machinery at height in a coastal environmental prone. It is opined by Waters
(2015) that the problem that is arising due to the construction of Hilton Surfers Paradise can be
minimized to some extent if the building construction mainly depends on factory-made
elements. The construction of the towers are generally designed for minimizing the time that is
required for top-down methodology which generally starts at both the foundation as well as
superstructure at the ground level. This procedure generally helps in allowing completion of the
building construction in seven month earlier than with the help of various conventional
techniques.
5.2: Project -Brookfield Place, Perth
The name of the project manager is Ashish Reddy and the client is ADCO construction.
It is found that the clients of the construction mainly include Digga Excavations and Wellam
Constructions. Brookfield Place is a skyscraper which is mainly located within the Brookfield
Place office complex in Perth, Australia. It is mainly considered as one of the second tallest
building in Western Australia. It is stated by Cullinane and Harrison (2017) that Brookfield
place is one of the premium grade, 45 level towers that generally incorporates the latest design

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PROJECT MANAGEMENT
of workplace in which 60,000 square meters is mainly leased with the help of BHP Billiton.
Brookfield helps in providing unique heritage retail area for the city that generally helps in
offering both foods as well as fashion options. The construction of the building starts on 5th
March 2018 and finishes on 6th August 2018 and utilizes Design Bid Build method. It is
identified that the site of the Brookfield palace is one of the most famous as well as historical
sites whose partial completion by a previous owner is mainly done in the early 90’s. It is
considered as one of the significant retail as well as commercial developments that generally
help in providing new civic area for the people of Perth. According to Gollagher, Campbell and
Bremner (2017) during the building construction number of difficulties as well as problems
came into the way which are mainly occurs due to simultaneous construction on multiple work
faces, core glass elevators, installation of the k frames and more. The problems that are
associated with the project can be properly resolved or minimized by undertaking proper
methods as well as processes. It is opined that in order to minimize the risks associated with
construction of Brookfield Palace the first and the most prior thing is to build a team of proper
size as well as skill that helps in meeting the demands of the project.
5.3: Project -RMIT Swanston
The client name is ADCO construction and Ashish Reddy is the name of the project
manager. It is identified that the clients of construction are Digga Excavations and Wellam
Constructions. The high rise building “RMIT Swanston” is one of the original tertiary
institutions of Australia. The construction of the building starts on 5th March 2018 and finishes
on 6th August 2018 and utilizes Design Bid Build method. It is identified that the new
Swanston Academic building helps in showcasing the investment of the University for cutting
the edges of educational universities. According to Anderson (2016), the building helps in

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PROJECT MANAGEMENT
anticipating future practices which will be helpful in accelerating the adoption of new
approaches as well as ideas for teaching, learning as well as other experiences. The building
was designed in a way in which high sustainable standard that it was awarded as a Green
building Council of Australia. It is identified that the construction of the building creates
number of impacts in context to preparation of construction zone, hoardings, access changes,
time management plan, noise impacts, safety round campus as well as impacts on the students
as well as staffs. It is stated by Woo (2015) that before the renovation of the campus, proper
preparation of the campus are made and therefore it is very much important to have interactive
timeline lists in the new as well as old facilities in order to track the activities that are delivered.
It is identified that the noise that are associated with construction are permitted to carry out
works that only occur late.

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Bibliography
Alotaibi, A.B. and Mafimisebi, O.P., 2016. Project Management Practice: Redefining
Theoretical Challenges in the 21st Century. Project Management,7(1).
Anderson, C., 2016. Transforming RMIT's Swanston library. Incite, 37(1/2), p.20.
Banerjee, B., 2016. Enterprise Risk Management. The MA Journal, 51(3), pp.66-72.
Binder, J., 2016. Global project management: communication, collaboration and management
across borders. CRC Press.
Bresnen, M., 2016. Institutional development, divergence and change in the discipline of
project management. International Journal of Project Management, 34(2), pp.328-338.
Bromiley, P., McShane, M., Nair, A. and Rustambekov, E., 2015. Enterprise risk management:
Review, critique, and research directions. Long range planning, 48(4), pp.265-276.
Cullinane, B. and Harrison, P., 2017. It’s not easy to collaborate, but it’s essential!. The APPEA
Journal, 57(2), pp.426-429.
Gapes, M., 2014. Buyers released from off-the-plan contract: A cautionary tale for sales
agents. REIQ Journal, (Nov 2014), p.28.
Glendon, A.I., Clarke, S. and McKenna, E., 2016. Human safety and risk management. Crc
Press.