Case Study The Chunnel Project Final

What types / categories of costs were associated with this project (operational or capital funding, project or post project etc).

The concept of project scope may be one of the most ample in project management. It involves objectives, limits and intentions. Every requirement in a project as well as its characteristics must be dealt with when planning the scope. Even though it 's reasonable to say that every project is unique, the causes for which it fails are generally the same. And if you already know what these causes are, you can minimize the likelihood of problems being repeated and thus increase the chance of success.

The textbook seems to focus more on the negative aspects or all that went wrong with the project whereas the video, although speaking extensively on the many challenges faced, still paint the project as an overall success. I’m not sure if was because I watched the film, with all the visuals, before reading the text, nevertheless, I found myself seeing the project more optimistically even with the new learned facts from the text. Our text raised the question of whether the original cost estimates given were in good faith or “turned” to meet political realities, and I believe the answer to be the latter. It is extremely hard to comprehend how anyone, much less the government, believed a project of this magnitude and enormous would come close to 2 billion and take just a couple years to complete. I mean even I thought it would take at least a decade to complete. Project Managers have been known to deliberately understate the cost involved to secure a bid however, this seems overly extreme besides I think officials tried to keep the factual cost estimates under wraps for the sake of this very much needed new transportation system. Nonetheless, costs increased across all contracts throughout the project’s life cycle despite enormous efforts to transfer, mitigate, or avoid risk and contain

During the execution of a project, procedures for project control and record keeping become indispensable tools to managers and other participants in the construction process. These tools serve the dual purpose of recording the financial transactions that occur as well as giving managers an indication of the progress and problems associated with a project. Management accountant must synthesize a

The scope definition phase will involve the following tasks: (a) identify baseline problems and opportunities; (b) negotiate baseline scope; (c) assess baseline project worthiness; (d) develop baseline schedule and budget; and (e) communicate the project plan (Whitten, 2007, P.167). The scope definition phase is concerned with the system owners’ view of the existing system and problems or opportunities that triggered the interest. The following brief statement of problem, opportunity, or directive has been identified based on the Puzzle Palace narrative:

A respecified project was planned and approved, and on 19 February 2003 DIMIA transferred responsibility for delivering the facility to the Department of Finance and Deregulation (Finance). DOTARS remained responsible for providing the associated infrastructure. The respecified project had a new budget of $276.2 million. Despite the initial projects’ failure due to the indicative budget blow-out, the new project reported upon its conclusion in June 2008, another exceeded budget to the sum of $396 million, a further $119.8 million over the budget.

The key challenges of this massive project are large and vast. Time and money were the two biggest issues of this project. Next came project planning and designs and permits for the project. “Though initial plans called for the

When a company defines the scope of projects, there are risks associated with the industry and the project. Upstream projects are becoming more profitable and more profound in size and complexity. Many companies do not possess the experience to tackle complex projects, so they adapt

The purpose of this paper is to recommend that Project Management is a concept that focuses on the dynamic characteristics of a multi-facetted organization. In such a changing situation, effective communication is a characteristic that should be stressed and becomes the most important tool for the project manager and team members.

The role of a project manager is the most challenging roles within the project team. As the project goes on and takes advances in its various stages a project manager should ensure that they are able to adopt according to the demands of the project that are ever changing. Clearly this particular project in the organization has been marred with many challenges. These challenges need a good project manager who ill ensures that the project gets completed successfully. The current situation in the organization is wanting and therefore it has to be dealt with immediately and effectively. This paper will look at how the current situation within the company can be dealt with (Holland & Holland Enterprises Ltd, 2013).

Prior to the onset of modern project management, the success criteria of a project lay solely on the technical success, or scope of the resulting product or service. Today, adherence to budget and schedule form a triangle of success factors alongside scope, with client satisfaction also developing as a key determinant of project success (Kerzner, 2004). However, the delivery of project scope will always take precedence over all other project factors, because if a project fails to deliver on its original intention, need or functionality, the project will always be considered as a failure. This essay will analyse the adequacy of the Guide to the Project Management Body of Knowledge’s (PMBOK) definition of Project Scope Management in relation

Project management has been defined as the process that involves the application of different processes, methods, knowledge, experience and skills for purposes of achieving the objectives of the project. On the other hand, a project is always defined as a unique and a transient endeavor that is undertaken to achieve an organization’s planned goals that could be defined on the basis of outputs and benefits. The process of managing a project entails the development of an effective project plan, a process that entails the definition as well as the confirmation of the project goals and objectives. The plan also gives a clear outline of how the project objectives will be achieved, identification of the tasks as well as the quantification of all the needed resources. The plan also plays an important role in developing an appropriate budget for the project as well as the most appropriate timeline that will be taken to complete the project being carried out.

Project management has come a long way since its modern introduction to construction projects in the late 1950s. Now, it is an established discipline which executively manages the full development process, from the client’s idea to funding coordination and acquirement of planning and statutory controls approval, sustainability, design delivery, through to the selection and procurement of the project team, construction, commissioning, handover, review, to facilities management

Introduction Construction Management is not a new idea. The function of the Construction Manager is to work on behalf of the owner to complete a project within the plans and specifications provided. In the last few years construction practices have changed dramatically. Technology, materials, government bureaucracy, financing, design, and engineering have all advanced. With the complexity of the construction process increasing, owners demand accountability and accurate guidance during the entire planning and construction process. The importance of project management to construction derives from the nature of how the industry’s business activities are conducted. Project managers in construction are responsible for the overall success of

Description / Title Introduction Definitions and Salient Points Employer’s Background Project Background Project Context and Scope of Work Project Objectives Project Organization Project Complexity and Interfaces Project Risks Project Management Challenges Role and Responsibilities of the Project Manager Post-Project Appraisal Lessons Learnt