Project Work Request for Rio Olympics 2016: Business Analysis

This document presents a detailed project work request analysis for the Rio Olympics 2016. It outlines the business need for preparing venues and the Olympic village, including construction, refurbishment, and infrastructure upgrades. The project's financial aspects are highlighted, including an estimated total cost of $13.2 billion, a 6-year timeframe, an ROI of 51.5%, and a payback period of 6 years. The analysis also includes the identification of key stakeholders, potential risks, and assumptions. This work request aims to justify the project's value by demonstrating its potential to increase revenue, satisfy regulatory requirements, and improve the city's competitiveness. This assignment provides valuable insights into project management and business case development, offering a practical example for students studying business development and project planning.

Project Work Request (Business Case)
Title of Project: Rio Olympics 2016 Request Date: 31/12/2009
Requestor Name: Renato Ciuchin Requesting Department: Management
Requestor Phone: [phone] (Office use) Request tracking number: 2585
Business Need:
Prepare venues and village for the Olympic Games 2016
Project Description:
The project requires construction of Olympic village, upgradation of Maracana stadium, construction of
new indoor stadium, restructuring and refurbishment of existing sports complexes, upgradation of traffic
system, construction of flyovers and others for the purpose of getting the city to host the Olympic Games
2016.
Business Value (check all that apply) Estimated Benefits
√Satisfy regulatory requirements $12 billion
√Increase revenue $5 billion
☐ Improve Productivity
☐ Increase retention
√Support additional capacity $2 billion
√Improve competitiveness $1 billion
☐ Decrease expenses
Project Estimates (+/- 25%):
1. Total cost: $13.2 billion
2. Length of time: 6 years
3. ROI: 51.5%
4. Payback Period: 6 years
Constraints
Lack of existing basic set up for such a global multi-sports event
Lack of cheap labor in the country
Assumptions
6 years’ time period is sufficient to complete the project
With the estimated budget, all specifications of IOA can be fulfilled at the end of the project
High-level risks
Serious injuries (can even be fatal) to the workers
Serious negative impact on the environment
Massive budget overshoot
Key Stakeholders
Project Manager
Supervisor
Construction Manager
Departments affected:
Board
Board
Project Team

Chief Engineer Project Team
Request Sponsor: Luiz Inácio Lula da Silva Sponsor signature:
Requester’s Name: Renato Ciuchin Requester’s signature