Asia Stadium Project: Risk, Resource Management & Project Analysis

This report provides a comprehensive analysis of the Asia stadium project, focusing on risk and resource management within the context of constructing a stadium with an 80,000-seat capacity and a glass roof. It includes a cash flow analysis and capital budgeting decision, recommending against moving forward due to negative financial indicators. The report also outlines a business case, project plan, and stakeholder management plan, emphasizing effective resource usage and communication strategies. A GANTT chart and network diagram are presented to schedule key activities, and a RAID log identifies and assesses potential risks. The report concludes with a RAG status table, analysis, and recommendations for tracking project progress and making informed decisions, stressing the importance of stakeholder communication and risk mitigation for project success. The report is contributed by a student and available on Desklib.

Principle of Project
management

Table of Contents
INTRODUCTION...........................................................................................................................4
PART 1............................................................................................................................................4
a) Cash flow and capital budgeting decision...............................................................................4
(B) Business case, project plan and stakeholder management plan for controlling resources
effective usage.............................................................................................................................6
PART 2............................................................................................................................................7
A GANT CHART........................................................................................................................7
NETWORK DIAGRAM.............................................................................................................8
.....................................................................................................................................................8
Stakeholder communication plan................................................................................................8
PART 3 RISK AND RESOURCE MANAGEMENT.....................................................................9
A) RAID LOG for Asia project..............................................................................................9
B) Week to week resources histogram.................................................................................10
PART 4..........................................................................................................................................12
RAG status table........................................................................................................................12
RAG analysis and possible solutions to track project...............................................................13
Recommendations......................................................................................................................14
CONCLUSION..............................................................................................................................15
REFRENCES.................................................................................................................................16

INTRODUCTION
` Project management is use of specific knowledge, skills, tools and techniques in order to
deliver specific services or value to people living in the society. With impact of covid-19, there
are many countries that are quickly vaccinating their population in order to return to normal life.
This has lead in delay of Euro 2020 sport event but it is expected to have world cup 2022 in
November. So the project is construction of stadium that have capability of 80000 seats and
among which glass roof is one element of stadium. The project is related to starting preliminary
work on viability of the 14 stadium roofs. This report has covered information related to project
initiation and preliminary analysis of the project success. Furthermore, schedule key activities to
be performed at specific point of time and stakeholders communication plan that could be used
in order to connect and retained relationship with them. At last it has presented risk and
resources management and tracking progress of the project for taking fruitful decision.
PART 1
a) Cash flow and capital budgeting decision
Cash flow statement:
It is one of the major statement that details the net cash inflows and outflows from the
company (Jaafar, Hassan and Ismail, 2021). Through this statement the cash position of the
company would be able to get determined that would lead to assist the company in terms of
maintaining liquidity.
Cash flow statement
Particular
Y
1 Y2 Y3 Y4
Cash inflows:
Sales 95 102 115 125
Total cash inflows 95 102 115 125
Cash outflows
Materials 20 20.8 21.63 22.49
Design and build 35 37.45 40.07 42.87
Supply and fit 41 45.92 51.43 57.6
Total cash outflow 96 104.17 113.13 122.96
Net cash inflow/outflow -1 -2.17 1.87 2.04

As per the above statement of cash flow it would be interpreted that the cash flow from
the company is negative in year 1 and 2 while in year 3 and 4 it raises. This shows that the
company have low liquidity and cash holding.
Calculation of Net present value:
Year
Cash
inflows PV factor @ 10%
Discounted
cash inflows
1 -1 0.943
-
0.943396226
2 -2.17 0.890 -2
3 1.87 0.840 2
4 2.04 0.792 2
Total discounted cash inflow 0
Initial investment 10
NPV (Total discounted
cash inflows - initial
investment) -10
Calculation of return on capital:
Calculation of Return on capital
Particular Y1 Y2 Y3 Y4
Profit/loss -1 -2.17 1.87 2.04
Capital 10 10 10 10
Return on capital (Net profit/capital*100) -10 -21.7 18.7 20.4
Payback period calculation:
Year
Cash
inflows
Cumulative cash
inflows

1 -1 -1
2 -2.17 -3.17
3 1.87 -1.3
4 2.04 0.74
Initial investment 10
As per the above results of the NPV, Payback and return on capital it would be
recommended to the company that the project need not to be move forwards because the return
that is grabbed by the company with the aspect of the above result shows a negative balance.
This means if the project will be move forward then it will lead to bring loss and negative result
to the company. Also as per the payback method the amount of initial investment is not able to
get recovered that would further state that the project need to be discontinued because the initial
investment is yet not recovered by the company with respect to the continuation of the project.
Thus, in overall with the negative result of the above calculation the project need to be
discontinued.
(B) Business case, project plan and stakeholder management plan for controlling resources
effective usage.
The project initiation document will be based on significant criteria, for further extending
project plan to be successfully completed and further productive working synergy.
Business case: The business case of project can be understood that project of world cup 2022
will be undertaken with project advanced resources where it is expected that project will be
completing within 4 years and it is expected to start in 2023 and continue till 2026. The project
will hold benefit as best strategic vision and practical resources tasks will be undertaken for
world cup. The construction of project will be done by focusing on glass roof element in stadium
designed to keep maximum heat. The financial analysis at time, has been found to be profitable
for contract of project to be successfully done. Glass roof project in Qatar has been further
analysed to be one of the most successful highly competitive project, where it will enable
business project to be productively worked on for controlling resources effective usage (Sabini
and Alderman, 2021).

Communication management and change control : The communication among stakeholders
will be done through online platforms, advanced digital technology parameters where this will
further make sure that project deliverables are done appropriately. Change control will be done
by using best tools, technologies to strengthen fundamental working efficacy for extended
potential usage rapidly on extended targets. Project of world cup will be also practically done, by
utilizing potential frameworks variedly and evolving the best expertise for successful
completion.
Stakeholder management plan: Stakeholders mainly aim to further connect towards
fundamental working criteria upon which developed significant business goals are there, to
technically improvise practical findings. The management plan holds huge scope to develop
larger communication business growth, the best usage of resources for world cup and technically
utilize best targets. Management among stakeholders will be also done by integrating the best
technology paradigms further, based on optimistic business goals for intricate fundamental
expertise. Resources will be used on by stakeholders, by potentially developing best working
targets to further extensively improvise new avenues for larger scale parameters (Fathalizadeh,
and et.al, 2021).
PART 2
A GANT CHART

NETWORK DIAGRAM
Stakeholder communication plan
The project will be having wide range of stakeholders, where main stakeholders will be
owners, employees working towards designing building of World cup 2022 and to further
develop larger scale expertise. Stakeholders will be using also best marketing digital
technologies for promotion of project, where sponsors and further extended external stakeholders
are potentially most essential. This can be also analysed that design of world cup 2022, where
stadium of 80,00 seats and contract is based on extended glass roof building for stadium in world
cup 2022. Stakeholders working towards timely completion of project will be able to further
enhance new range of working expertise for communication growth functionally. Digital
platforms reach, will be used for faster completion of project and building strengthened vision
and timely completion of project. The project working will be also done, by bringing wider range
of determinants connected to further gain best rise based on strengthened business goals.
Stakeholder communication plan, holds huge specific importance to develop competitive
business expertise where larger scale growth reach based on untapped quality rise within
extended communication rise.
The frequency of reporting and type of report to be done evolvedly for intricate business
growth raised upon diverse scope, where this further strengthens extended rise based on project
management. The stakeholders' communication plan, further extensively plays crucial role where
key stakeholders and further developed rise to technically improvise working avenues with high
level perfection. It can be also analysed that information synchronization within project
stakeholders will be done, by using the best technologies where it determines new range of
vision for extended productive functional usage (Nicholas and Steyn, 2020).
The stakeholders of project, are extensively working for timely completion of project to
further generate new vision towards communication platforms. Project deliverables will be also
monitored, to further enhance working expertise and gain best working review done towards
project timely completion. Also stakeholders will significantly make sure of taking care about

hygienic practices and sanitation goals for further advanced reach. It can be understood that
project timely completion will be also focused on by gaining working rise, to develop proper
authenticity of project resources and fundamentally extending best working goals primitively.
The analysis of wider scale phases within project timely completion, will be done by taking up
extended scope rapidly where further extended criteria shall be functionally oriented.
Stakeholders plan will be also enhanced on by generating functional working efficacy on wider
business targets to evolve on wider domains ((Nicholas. and Steyn, 2020).
PART 3 RISK AND RESOURCE MANAGEMENT
A) RAID LOG for Asia project
Each and every project involves certain amount of risk that need to be identified and
overcome by the manager in order to achieve end goals of the project. Likewise in the project of
Calkemper Asia glass roof, there is several risk associated such as financial risk, operational risk,
scope risk, performance risk and external environment risk (Tereso and et.al., 2019). All these
risk need to be understand and several method that could be used to resolve the same need to find
out for better outcome. Therefore RAID log is being used to assessment of risk associated with
Asia project such as:
RISKS ACTIONS ISSUES DECISIONS
Financial risk is
involved in the project
as lot of investment is
made in order to
complete the glass
roof project.
Project manager is
responsible to take
action to make
optimum use of
available finance for
effective achievement
of project goals.
The key issue is high
as it may results in
huge financial loss to
event management.
Manager needs to
identify alternative
sources through which
fund can be realised
and the manner in
which they are utilised
(Ansah and
Sorooshian, 2018). To
reduce expense and
make best use of
financial resource.
Operational risk- it is
second risk as team
Project manager Operational risk will
lead in impacting on
In order to manage
operational risk, each

member does not
performed as per
desired outcome.
the qualitative of
services as well as
delay in completion of
the project (Chawla
and et.al., 2018).
and every employee’s
performance will be
measure. Along with
that method to
improve their
performance will be
find out.
Schedule risk- there
are chance of
happening schedule
risk or activity not
completed on specific
time, due to
involvement of range
of activities.
Project manager Schedule risk is also
issue as it leads in
delay in completion of
each activity related
to project.
For overcoming
schedule risk,
manager will check
actual time taken to
complete particular
task.
External environment
risk- there are number
of changes in the
external environment
that might impact
project success such
as policies of
government,
technology and covid-
19.
Project manager It is issue as it may
cause in cancelling or
postponed of project
(Kivilä, Martinsuo,
and Vuorinen, 2017).
Continuously monitor
changes and adapt the
strategies as per the
same for fruitful
outcome of project.
B) Week to week resources histogram
Total number of personnel required at each stage of glass roof project can be explained
through week by week histogram. Such as:
Week
1
Week
2
Week
3
Week 4 Week 5 Week
6
Week
7
Resources
required

Concept
design
1 5 - - - - - 6
Detailed
design
2 4 - -- - - - 6
Build phase 1 1 2 4 5 6 18
Build phase 2 3 4 2 6 5 6 26
Build phase 3 3 2 7 5 4 7 6 34
This table clearly defined the overall time frame that is required to complete the project
and its goals by undertaking activities such as concept design, detailed designing, building
phase, build phase 2 and build phase 3.
Staff budget forecast or duration of fist glass roof

Cost per
week
Duratio
n
Cost ($)
per
weekend
(2 days)
Concept
design
Architect 1 2,800 2 2800*2=5600 1,400 1,400*2=2800
Detailed
design
Architect
D
3,200 2 3,200*2=6400 1,500 1,500*2=3000
Build
phase 1
Engineer
1A
2,400 5 2,400*5=12000 1,000 1,000*5=5000
Build
phase 2
Engineer
2F
2,500 6 2,500*6=15000 1,100 1,100*6=6600
Build
phase 3
Engineer
3W
3,050 7 3,050*7=21350 1,500 1,500*7=10500
60350 27900
So, from the above table it can be forecast that around 60350 is the total cost that has to
be incurred in order to have skilled and qualified employees to complete the project in successful
manner. Furthermore, for the 2 weekend, there are around 27900 has to be spend in project to
have sufficient employees that are ready to work for completion of project in desired manner
(Irfan and et.al., 2020). Therefore, in total around 88250 is total number of wages that has to be
paid to employees in order to complete the project in seven week and delivered similar
qualitative services to customer.
PART 4
RAG status table
The RAG status table holds huge scope within milestones where level of resources such
as money, time and talent implemented within expected success goals rapidly. Red, amber, green