logo

CSM80001 Project Costing: Assignment

16 Pages2885 Words58 Views
   

Project Costing (CSM80001)

   

Added on  2020-05-04

CSM80001 Project Costing: Assignment

   

Project Costing (CSM80001)

   Added on 2020-05-04

ShareRelated Documents
Running head: PROJECT MANAGEMENTTopic- Project ManagementName of the StudentName of the UniversityAuthor’s Note
CSM80001 Project Costing: Assignment_1
1PROJECT MANAGEMENT Executive Summary The report focuses on three different project plans. The first project reflects on the constructionof “Hilton Surfers Paradise” which is mainly situated between Orchid Avenue and SurferBoulevard and the second project focuses on “Brookfield Place” which is mainly located withinthe Brookfield Place office complex in Perth, Australia. Moreover, it is identified that the thirdproject reflects on the “MIT Swanston” which is one of the original tertiary institutions ofAustralia. It is found that the projects mainly faces number of risks which mainly includeschange in the decision of the stakeholders, failure to complete the construction work, improperenvironmental analysis, public objections, change in the technology, overrun cost in constructionas well as due to the improper experience of the workers. The risks that the project faces can beminimized or mitigated by using proper method or strategies. It is identified that the entireconstruction of high rise buildings starts on 5th march 2018 and finishes on 8th August 2018 byutilizing the design-bid-build method. The entire cost that is needed for completing the projectsuccessfully on time is around $400,000. In this paper, the risks as well as challenges associatedwith the project are elaborated so that the project manager can easily analyze the risks andutilizes proper risk mitigation strategies in order to resolve them. It is identified that the budgetof the project is estimated properly and by utilizing the Gantt chart, the schedule of the project isreflected.
CSM80001 Project Costing: Assignment_2
2PROJECT MANAGEMENTTable of Contents1. Risk assessment...........................................................................................................................42. Cost Estimation............................................................................................................................73. Project Schedule..........................................................................................................................83.1 Planning the bid preparation..................................................................................................83.2 Maintaining activity codes...................................................................................................125. Background Research and report...............................................................................................125. 1: Project -Hilton Surfers Paradise, Queensland..................................................................125.2: Project -Brookfield Place, Perth.........................................................................................135.3: Project -RMIT Swanston....................................................................................................14Bibliography..................................................................................................................................16
CSM80001 Project Costing: Assignment_3
1. Risk assessmentSNo.ActivityHazard RiskLevelProbabilityImpactConsequenceOrder OfMagnitudePerson to harmRisk of newvalue Mitigationprocedure1 Design associated risk in construction plan It mainly causes delay in theproject plan16LikelySevere18% $ 1,000,000.00 Project $ 120,000.00 The design of the construction plan must be created properly so that no design associated risk arises2Change in the decision of the stakeholdersThe time that is needed for completing the plan exceeds if change in decision of the stakeholders occurs.19LikelyModerate20% $ 1,200,000.00 Project andperson $ 320,000.00 The decision of the stakeholders must not be changed randomly 3Failure of completing the construction work as per contractDelay in completing the work ofthe project plan as per the contract17ModerateModerate16% $ 1,000,000.00 Project $ 127,000.00 The construction work must becompleted as per the contract so that the entireproject will be completedin proper time and budget 4Public objectionsLack of public awareness causes delay5LikelyMinor12% $ 1,600,000.00 Project delay $ 120,000.00 The problems of the public must be noticed properly so
CSM80001 Project Costing: Assignment_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Project Management: Risk Assessment, Cost Estimation, and Schedule
|17
|3177
|439

Project Execution Planning and Management Research Paper 2022
|27
|3531
|28

Construction Project Delivery 2022
|22
|3324
|21

Risk analysis of new office building construction
|7
|720
|388

Project Management Application: Construction (PROJ 6010)
|16
|3249
|340

Risk Management: A Case Study of Robert L. Frank Construction Company
|12
|1912
|341