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Project Management Leadership and Skills : Planning & Control

This is an individual assignment to analyze what went wrong in the Carillion project and create a project plan for establishing a new business.

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Added on  2020-07-23

Project Management Leadership and Skills : Planning & Control

This is an individual assignment to analyze what went wrong in the Carillion project and create a project plan for establishing a new business.

   Added on 2020-07-23

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PROJECT MANAGEMENT LEADERSHIPAND SKILLS: PLANNING AND CONTROL
Project Management Leadership and Skills : Planning & Control_1
Table of ContentsINTRODUCTION...........................................................................................................................1Reasons for failure of the business using project management theories......................................1CONCLUSION AND RECOMMENDATIONS............................................................................3REFERENCES................................................................................................................................4
Project Management Leadership and Skills : Planning & Control_2
INTRODUCTIONCarillion is one of the leading integrated service organizations that vision is to becomethe most trusted firm by providing excellent infrastructure services to the consumers. It not onlyprovides construction facilities but also manage number of projects, which are helpful foreconomic growth such as transportation, power network and others (Carillion, 2017). AberdenHarbour Board appointed Carillion for a constructing Aberden Western Peripheral Route topromote transport and travel in North-East Scotland but the project failed and results in seriousconsequences due to poor management. Thus, the key aim of the paper is critically investigatingthe reasons of failure using different project management concepts. Reasons for failure of the business using project management theories Project management is a composite activity with number of dimension, in a nutshell, itcan be defined as the process including planning, managing, organizing, securing and controllingthe project activities to reach specific goals. Construction projects may have number ofconstraints like time, budget constraints, quality, poor allocation of inputs, unfavorable weatherand many others (Fisk and Reynolds, 2011). In context to the cited case, Carillion needs torethink and redesign its business model and strategy with a new name due to the project failure.Thus, the key reasons behind such failure are analysis here as follows: Inaccurate managerial forecast/poor projection: Before the project planning, managerneeds to forecast potential cost that the project will incur through budget formulation and therebywin the contract at a fixed cost (Chan, Scott and Chan, 2004). With the change in time anduncertain economy, it is notoriously difficult for the managers to predict the accurate cost. Asstated in the case, in amid fierce bidding and ministerial pressure, companies are keen to chargelowest bid as much as possible. Construction projects involve high cost and in the case, Carillionteam anticipated project cost first and then contact subcontractors, who charged high pricesresultant cost overrun and failure. It can be evident through the government estimates, in which,ministers initially estimated the cost range of £295m to £395m, actually gone to £745m. Besidesthis, Galiford Try forced to keep aside £98m as a contingency to cover cost overrun, as they needto pay extra cost for material, machinery, labor and others. 1 | Page
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