Project Execution Planning and Management: A Detailed Analysis

This project execution planning and management assignment explores various project delivery methods, including design-bid-build, CM @ Risk, and design-build, evaluating their effectiveness based on schedule, innovation, design complexity, and risk analysis. It delves into financial contract types such as lump sum, guaranteed maximum price, and cost-plus-fixed-fee contracts, assessing their impact on cost control, risk management, and project outcomes. Furthermore, the assignment examines procurement methods like competitiveness, negotiation, and best value, analyzing their influence on quality, schedule adherence, and contractor expertise. The analysis includes weighted scoring systems to compare the effectiveness of different approaches, emphasizing the importance of staff experience, owner oversight, and contract selection in achieving successful project outcomes. The assignment also includes detailed tables with scores for different criteria to compare the effectiveness of various project management techniques.

Running head: PROJECT EXECUTION PLANNING AND MANAGEMENT
Project Execution Planning and Management
Name of the Student
Name of the University

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1. Project Delivery Method
Design of a Bid Build: This particular project holds three different phases such as
designing phase, bidding phase and the building phase. In order to complete the project
successfully it is necessary to maintain all three of these phases properly. At the very initiation
phase the project designer should hire an architect who will help to design the plan of the project.
For designing and bidding the project all the necessary steps are required to be maintained by the
project designer. In order to complete the project successfully or without any kind of error it is
necessary for the project architect to keep in continuous touch with the project owner. The
project deliverable includes. The project could move further only after getting confirmation from
the project owner. However, if the project owner does not give any such confirmation then, the
project team members will not be able to continue the project. For taking up the project tender
the project owner is required to take part in the bidding session.
However, after the project contractor will be selected the documentation bid cannot be
changes at all. For starting the work on the particular tender, all the contractors associated to the
tender are needed to give proper permission. In order to produce an effective document it is very
much necessary for the project contractor to make proper auction on the project. On the other
hand, the project subcontractor takes relevant tender those are required to implement the project
successfully. However, at the end of the project proper documentation is required to be done
then, accurate working timelines is also required to be followed by the management authority of
the business organization to generate expected project outcome. In order to complete the project
successfully it is necessary to share every project art. For complete the project successfully it is
necessary that all the bid documents are shared with the auction.

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1.1 Design the Bid
For successful completion of the project, the project owner, contractors and the project
architects are required to keep connected to the project properly. Even from the project start up
to the end of the project they are required to work as a collaborative team. In order to complete
the project the contractors and the sub contractors cannot be changed. With any out sided
contractors the project details cannot be discussed. Even no such bidding can also be done with
the other project contractors. With the help of this approach the project could be executed as a
collaborative project. It also helps to build relationship between the project owners and the
architects. In order to gain long term success from the project document it is necessary to
consider partnership.
1.2 CM @ Risk
While implementing the construction level design or planning of the project, it is very
much necessary for the project owner to provide the project outcome. The best value that has
been assigned for the project should be followed by the project owner. Not only this but also the
project manager is needed to follow the lowest bidding based on their previous knowledge and
skill. The project contractor should assign the project only based on the documentation. In order
to gain effective success from the project, it is very much necessary for the project owners to
consider every project components. For this particular project the components are as follows:
Schedule for perfect delivery: After considering the project scope, it has been
determined that, for successful implementation of the project proper schedule is needed to be
developed. With the help of accurate schedule the work can be divided in smaller segment and it
will reduce the work load from the project team members. The project schedule is divided in
different segments such as project planning, project design. Not only this but also there are

3PROJECT EXECUTION PLANNING AND MANAGEMENT
different bidding values will be rose in the project auction. Based on the project success criteria
the lowest auction price is required to be selected by the management authority. Thus, adoption
of lowest value is referred to as the most beneficial one.
Innovation, creative design and project complexity: In order to reduce the project risks
or project complexity, different new creative and innovative ideas are needed to be developed by
the project manager to reduce the project complexity. Not only this but also for eliminating the
risks project associated instruments and techniques are needed to be incorporated by the project
manager.
Initial risk assessment: During the implementation of the project different risks might
occur. In the absolute preliminary phase, for developing the project proper risk evaluation
approaches are needed to be implemented by the project manager. Not only this but also, the
main primary objective of the construction project is to prepare and motivate the project workers
to develop different approaches to mitigate the probable risks. During the project implementation
of the project, this kind of risks might occur.
Cost: Finance or commercial project budget is referred to as one of the most important
aspect that is strictly required to be considered by the project owner before the official
implementation of the project. Even a feasibility testing is also required to be made by the
project manager, with the help of the feasibility study the project manager will be able to
understand that whether the project is beneficial or not. Therefore, for successful completion of
the project, total cost must be developed by the project manager.
Experiences of the staffs and availability: Experiences of the consumers and competitors
are the most helpful things to be considered by the contractors and project managers. The project

4PROJECT EXECUTION PLANNING AND MANAGEMENT
owner must understand the project details and the other details of the project. It will help the
project manager to evaluate the competition level. Through understanding the proper competition
level the issues related to the project could be mitigated completely.
Goals/
Criteria
Criteria
Weight Project Delivery Method
Design-Bid Build Design-Build CM @ Risk
Score Weighted
Score Score Weighted
Score Score Weighted
Score
Delivery of
the schedule 14 8 112 9 126 10 140
Innovative
construction 6 5 30 7 42 8 48
Design level
complexity 19 3 57 8 152 9 171
Risk analysis 20 4 80 10 200 8 160
Owner
experiences 12 8 96 10 120 5 60
Staff
experiences 7 10 70 9 63 4 28
Contractor
experiences 7 9 63 9 63 9 63
Cost 8 6 48 9 72 8 64
Control level 7 10 70 10 70 10 70
Total 100 626 908 804

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Design-Bid Build, Design-Build and CM @ Risk are three different criteria selected
criteria for the project delivery method. Based on the performance the scores are provided.
However the column of criteria weighted Colum is fixed for three of the selected processes and
the weighted score for the individual processes are generated from the product of criteria weight
and score given based on their performance.
The behavior and the experiences of the staffs play important role while developing the
project. All the project workers available in the project must have proper experiences and idea
regarding the project details. If available number of experts and staffs are present in the project
implementation then, then there is a huge opportunity for the project owner to complete the
project within estimated project budget and allotted time as well. Oversight level and control is
also important. Before the implementation of the project the project owners are required to
develop proper control on the project before its implementation.
2. The Financial contract type
2.1 Lump sum contract
This type of contract is done between the project owner and the project contractors. At
the project planning phase, the risks are needed to be evaluated by the project manager and the
total budget is negotiated among the project contractors and project team members. For
designing the final project contract the project contractors are responsible. Through estimation of
the labor cost and other specified cost the margin of benefit can be determined.

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2.2 Guaranteed maximum price contract
Considering the compensation of the project cost the project fess are required to be
developed. For every extreme and overloaded budget, the project contractors are responsible.
The project manager should consider the price that has the lowest bidding.
Goals/ Criteria Criteria
Weight
Financial Contract Type
Lump sum contract
Guaranteed
Maximum Price
Contract
Cost plus Fixed Fee
Contract
Score Weighted
Score Score Weighted
Score Score Weighted
Score
Construction
related fixed
capital
15 9 135 9 135 10 150
project
schedule 11 9 99 8 88 8 88
production
increment 6 10 60 5 30 5 30
Bidding
analysis 7 7 49 6 42 6 42
Risk 20 5 100 6 120 9 180
Design 17 6 102 6 102 10 170
Cost related
with
unforeseen
risk
16 9 144 5 80 8 128
Quality 8 9 144 8 64 9 72
net amount 100 833 661 860

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The weighted score is the product of score and the constant criteria weight. Based on the
performances of the three selected criteria such as the Lump sum contract Guaranteed Maximum
Price Contract and Cost plus Fixed Fee Contract the scores are provided.
Fixed fee contract: This is another approach that is associated to the contractors and
project budget. For evaluating the project budget as the minimal one, this particular approach is
very much beneficial. It also helps to provide a margin to the project owner and project
contractors as well. Both of the parties are needed to incur proper expense to implement the
project.
3. Procurement method
3.1 Competitiveness
The suppliers associated to the project are required to adopt proper bidding method. The
competitive procurement technique helps to develop different reasonable and moral strategy to
offer proper outcome to the providers. This permits every one of the contractual workers keen on
the delicate to present their offer for the delicate. The proprietor additionally applies a similar
hypothesis and applies a similar sort of process while choosing the bidder from the connected
contractors. The motivation behind this strategy is to give an equivalent and reasonable practice
which encourages the proprietor to hold the help of the temporary workers.
Negotiation: In this technique of acquisition the proprietor picks a temporary worker
who might help him with the agreement. The cost to be paid to the contractual worker is then
talked about with the temporary worker. On the off chance that the temporary worker concurs

8PROJECT EXECUTION PLANNING AND MANAGEMENT
with the citation then the delicate is endorsed. Else the contractual worker can arrange the cost of
the venture remembering the hazard factors and the net revenue for the temporary worker.
Best value: This particular method does not deal with the low bidding factors that is
needed to be undertaken. However, the contractors are required to consider different expertise’s
for developing the project.
Goals/ Criteria Criteria
Weight
Procurement Method
Competitiveness Negotiation Best Value
Score Weighted
Score Score Weighted
Score Score Weighted
Score
Quality 14 9 126 5 70 3 42
Schedule 11 10 110 10 110 10 110
Cost 12 7 84 6 72 8 96
risk 9 9 81 9 81 7 63
Size of the
project 10 8 80 3 30 7 70
Contractor's
experiences 8 9 72 7 56 8 64
Public related
accountability 8 3 24 8 64 4 32
Owner's
decision 18 5 90 6 108 8 144
Contractor's
expertise 10 10 100 7 49 9 90
total 100 767 640 711
From the score table it has been found that, the score for schedule, cost, owner’s decision,
project size, cost and experiences of the contractors are higher for three of the components such

9PROJECT EXECUTION PLANNING AND MANAGEMENT
as competitiveness, negotiation and best value than the others because, these are found to be
better for the procurement method. However, based on the performance of the stakeholders and
the role of other criteria these are scored as higher or lesser out of 10. The criteria score is same
for all of the three components. The product of criteria and score are showing the weighted score
for the selected criteria.

10PROJECT EXECUTION PLANNING AND MANAGEMENT
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