Panama Canal Expansion Program: Project Report
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Added on 2020-05-11
Panama Canal Expansion Program: Project Report
Added on 2020-05-11
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Running Head: Project report 1PANAMA CANAL EXPANSION PROGRAM: BENEFIT MANAGEMENT,STAKEHOLDER MANAGEMENT, CHALLENGES AND RECOMMENDATIONSSubmitted byAffiliationSupervisor’s nameDate of submission
Running Head: Project report 21.1. Project benefits managementThe goal of the program is to expand the Panama Canal in Texas State. The benefits of theprogram can only be achieved by suitable benefits identification, analysis, planning, delivery,transition and sustainability[ CITATION Ada12 \l 1033 ]. The benefit management provides asuitable way of preparing Texas land and sea for the Panama Canal expansion in waterinfrastructural project. Program benefits identification-Benefits of the program were identified by having meetings withstakeholder working group that involved sharing of ideas. Some of the benefits identified anddiscussed through the program included: The expansion is expected to dramatically open up andboost East and Gulf coast container trading, connecting the pacific and Atlantic oceans. Otherbenefits were to increase consumer options, getting a wider maritime service, and enhancingsuitable supply chain maritime logistics reliability[ CITATION Ada12 \l 1033 ].Program benefits analysis and planning- the analysis and planning of the program included teamsidentifying the key deliverables to achieve the intended goal. The analysis of the benefitsinvolves making a comparison of what the program is going to achieve with program goals. ThePanama stakeholder working group settled on creating a pacific access channel that will expandtrade to wider regions and markets, improving navigation channels linking the Atlantic andPacific oceans, and improvement of a water way that will increase maritime service and makemaritime logistics reliable. Another planning done is on the basis of infrastructure planning byensuring linkages from other mode of transports. The benefit of it is to allow easier inland andland transport that enhances cargo transportation and avoid congestions (Texas transportinstitute, 2014). Achievement of the three specific deliverables would lead to achievement of thedesired program benefits.Program benefit delivery-It involves process and activities that would be performed to achieveprogram benefits[ CITATION Bry13 \l 1033 ]. Program management team will need to set a suitabledelivery method that will ensure program deliverables are met[ CITATION Hea161 \l 1033 ]. Theprogram delivery would consist of constructing new set of locks on the Atlantic and Pacific sidesof the water way, creating a 3rd way traffic and doubling cargo capacity of water way. In additionit involved improving water supply by developing 70 feet wider and 18 fronts that will recycle
Running Head: Project report 3water basins[ CITATION Wal01 \l 1033 ]. The water will be reliable in recycle process and 60% of itwill be used for transit. Program benefits transition- After delivery of the program it is expected that outputs would begenerated from the transition process[ CITATION Loc14 \l 1033 ]. There are several activities thatwill be done to provide transition from deliverables to outputs. From the transition the project isexpected to have increased water way capacity which has enabled meeting the demand ofmaritime trade using larger vessels. The project delivery has enabled to enjoy economies ofscale, and new set locks have increased cargo capacity along the water way. Higher returns willbe expected from the project achievement of economies of scale. Project benefit sustainability- The expansion of Panama Canal is expected to be beneficial byenhancing long term strategic positions to several routes. The program ensures that environmentsustainability is achieved by having water recycling process and ensuring water is used for transitpurposes. Provide economic benefits options to clients from several transition routes andchannels from affordable cost structure for services offered[ CITATION Bel16 \l 1033 ]. 1.2. Project stakeholder managementStakeholders are important component of any program management they provide informationneeds in which projects will need to be managed. The stakeholders represent those directly orindirectly influence/or not influenced by the project[ CITATION PMI13 \l 1033 ]. The Panama Canalexpansion program identified a number of stakeholders represented in a group known as Panamastakeholder working group. Stakeholder identification: the stakeholders the followingsummarized in table 1.
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