Commonwealth Stadium Construction Project Management Analysis, W14

This assignment provides a comprehensive analysis of the Commonwealth Stadium construction project, focusing on project management principles and techniques. Part one determines if the project can be completed by the June 1st deadline, calculates the project duration, identifies critical paths, and assesses the contract's viability. It concludes that the project can be completed within the deadline and is beneficial for the company. Part two evaluates the feasibility of finishing the stadium by May 1st, analyzes potential profit or loss, determines the least-cost solution, and identifies new critical paths after crashing the project schedule. The analysis suggests accepting the challenge due to potential bonus payments and a reduced project cost. The assignment includes AON diagrams and network activity charts for both the original and crashed project schedules, demonstrating a thorough understanding of project management methodologies.

Running head: PROJECT MANAGEMENT
Group Project #3: Commonwealth Stadium Group Project W14
Name of the Student:
Name of the University:

1PROJECT MANAGEMENT
Table of Contents
Part One......................................................................................................................................2
1. Completion of project by the June 1st project deadline.....................................................2
2. Duration of the project.......................................................................................................2
3. Critical path(s) of the project.............................................................................................2
4. Acceptance of the contract.................................................................................................2
Commonwealth Stadium Original AON Diagram.................................................................3
Part Two.....................................................................................................................................3
1. Acceptance of challenge to finish the stadium by May 1st................................................3
2. Profit or loss.......................................................................................................................3
3. Least cost solution to get the stadium completed by May 1st, 2017..................................4
4. New critical path(s) of the project......................................................................................4
Commonwealth Stadium Crashed AON Diagram.................................................................4
Bibliography...............................................................................................................................5
Appendices.................................................................................................................................6
1. AON Diagram and Network Activity Chart (Original).....................................................6
2. AON Diagram and Network Activity Chart (Crashed)......................................................6

2PROJECT MANAGEMENT
Part One
1. Completion of project by the June 1st project deadline
The project will be completed within June 1st which is the project deadline. The
project will finish on Friday, 03 May 2019 assuming it starts on September 4, 2016.
2. Duration of the project
The project will take 695 days to complete considering it starts on September 4, 2016.
3. Critical path(s) of the project
The critical paths of the project are listed as below:
1. A-E-F-P-Q-R-S-U-V
2. A-E-F-P-T-U-V
3. A-E-F-H-V
All the three paths have same duration and longest that is 695 days.
4. Acceptance of the contract
The company should accept the project as it has been determined that the project
could be completed within the deadline June 1st and it will be beneficial for the company. The
company will be able to gain net as much as $2 million profit from the project and
completion of this project will also increase their prospects for future projects.

3PROJECT MANAGEMENT
Commonwealth Stadium Original AON Diagram
Figure 1: Original AON Diagram for the Commonwealth Stadium Construction Project
(Source: Created by Author)
Part Two
1. Acceptance of challenge to finish the stadium by May 1st
According to the given crash time for the activities it is suggested that the company
should accept the challenge of finishing the stadium by May 1st as it could be completed
within 03 April 2019 assuming it starts on September 4, 2016.
2. Profit or loss
The company will be at profit by taking the challenge to complete the project by May
1st as there is a bonus payment of $20,000 per day if the stadium could be finished in time for
the World Cup qualifying Tournament. The company will make money from this project
hence it is suggested that the company should take the project.

4PROJECT MANAGEMENT
3. Least cost solution to get the stadium completed by May 1st, 2017
The least cost solution to complete the stadium is $12, 62,500.00 less than the
estimated value for construction of the stadium. This means that the project could be
completed at lower price than the bid so that there is high profit margin for the company.
4. New critical path(s) of the project
The new critical paths of the project are listed as below:
1. A-E-F-G-J-N-O-V
2. A-E-F-I-K-V
3. A-E-F-H-V
All the three paths have same duration and longest that is 663 days.
Commonwealth Stadium Crashed AON Diagram
Figure 2: Crashed AON Diagram for the Commonwealth Stadium Construction Project
(Source: Created by Author)

5PROJECT MANAGEMENT
Bibliography
Fleming, Q. W., & Koppelman, J. M. (2016, December). Earned value project management.
Project Management Institute.
Harrison, F., & Lock, D. (2017). Advanced project management: a structured approach.
Routledge.
Walker, A. (2015). Project management in construction. John Wiley & Sons.

6PROJECT MANAGEMENT
Appendices
1. AON Diagram and Network Activity Chart (Original)
2. AON Diagram and Network Activity Chart (Crashed)
AON.xlsx
AON - Crashed.xlsx