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Report on Construction of Wembley stadium | Effective Management

   

Added on  2020-01-07

17 Pages5010 Words312 Views
Project Management

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................4Project management.........................................................................................................................4STAKEHOLDERS..........................................................................................................................4TIME MANAGEMENT..................................................................................................................6RISK MANAGEMENT...................................................................................................................9TEAMS..........................................................................................................................................10COST MANAGEMENT...............................................................................................................11TRIPPLE CONTRAINT TRIAGLE..............................................................................................12METHODOLOGIES AND PROCESSES.....................................................................................13SUCCESS AND FAILURE...........................................................................................................15CONCLUSION..............................................................................................................................15REFERENCES..............................................................................................................................17

INTRODUCTIONProject management refers the procedure related to working on a specific project forimproving the performance of particular field. It enables corporation to integrate all relatedresources and complete the project related activities in an effectual manner. Present report isbased on construction of Wembley stadium and its effective management related to utilizing thetime and resources effectively. For this purpose, report covers the reasons behind failure of thepublic project management and understanding the varied issues or remedies available to improvethe performance of the project in a cost effective manner. In addition to this, triple constrainttriangle theory and importance of stakeholders etc are explained in context of the Wembleystadium project. Moreover, success and failure of the project has been explained along withapplication of suitable methodology to complete the same.PROJECT MANAGEMENTThe project of Wembley stadium has been taken into account which is constructionproject. Here, the specific purpose of stadium consists of several functions such as rugbymatches and football so as to organize the private evenest and other related concerts. Owing tothis, issues related to time is faced along with higher cost. For this purpose, current project isbeing implemented in order to save time as well as cost so as to accomplish the purpose of thestadium effectively. However, the procedure of construction was delayed due to the bidding. Forthis purpose, lowest cost request was order for the contractors in order to ensure the optimumutilization of the limited resources (Alotaibi and Mafimisebi, 2016). On the other hand,implementation phase was delayed as the arch execution was challenging. For this purpose,appropriate project management work should be done under which bidding related issues can beresolved. For example, profession and qualified personnel can be invited for the bidding so theycan focus on the services. Moreover, experienced engineers were needed so as to implement themore advanced design in the construction of Wembley stadium. Accordingly, projectmanagement related task has been completed through following the below mentioned steps oraspects.STAKEHOLDERSThere are several stakeholders associated with the project which are explained as follows-

Contractors or engineers-The major issue related to Wembley stadium was associatedwith wrong suppliers and bidders. They were focusing on higher cost which tend toincrease the budget to a great extent. For this purpose, qualified personnel were requiredto associated in the project who can manage the performance of the project effectively.However, advanced design of the project can be made possible with the inclusion ofskilled and competent engineers (Heagney, 2016).Labour-Labour associated with the project must also possess the necessary skills whocan effective contribute towards the success of the project. It would be more effective tocater the requirement of the project and complete the same in relatively less time span.Customers-The customers or audience are the main parties who will consume theservices rendered through Wembley stadium. For this purpose, preferences of customersare taken into account while preparing the stadium. For example, appropriate ventilation,air facility and seating arrangement is taken into account. This in turn meet theexpectations of people attention the event effectively (Richard, Sorooshian and Shariman,2016).Community-The general community surrounding the stadium is also affected throughseveral factors. At this juncture, project should be completed by focusing on theirrequirement and proper facilities related to disposal of waster etc. At the same time, waterand air pollution should not be occurred to general community. These specific aspects areconsidered as the time of completion of the construction project.Sports people-It is the most important stakeholders associated with the project ofWembley stadium. They need several kind of facilities regarding practice, rest rooms andother facilities. It is considered at the time of preparing structure of stadium andproviding the basic amenities for the players (Martinelli and Milosevic, 2016).Government and shareholders-It covers people who invest the fund in the completion ofthe project. Government must specific the budget effectively as per the requirement of theproject. At the same time, government or shareholders have certain expectations relatedto quality and return which must be accomplished through consideration. However, some of the ways are applied for the completion of project should be effectiveunder which business ensure to associate the qualified and highly skilled personnel. Similarly,

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