Project Management Strategic Issues Assignment

Project Management Strategic Issues - Assignment ExampleThe fig of the building was given byEnricMirallesand the construction of the building started in June 1999. The give was a constant target of disagreement and condemnation for the choice of the site, complex design and costs incurred. The final completion date of the building was in 2004, which was almost trine years behind the original schedule and the meet overran the cost of ?40m to ?414m which was many folds higher than the allocated budget. The major reason for the cost overrun as explained in the prevalent enquiry by Peter Fraser in 2003 were the inefficient methods in which most important design changes were executed by theHolyroodproject team. The paper undertakes a particular study of the Scottish Parliament project, the reasons of the failure of the project, the course of direction as the project advanced to its final stage and therecommendationsthat could have saved the failure of the project followed by conclus ion. ... The Management appeared to be unable to give a clear perception of the Quality v/s Cost aspect of the Project, which led to complications subsequently on.The initial cost estimate of the New Project atHolyroodwasGBP40Miilion, subsequently revised toGBP50 Million. However this was never believed to have any sanctity. The playing Minister of Scotland, Mr. Donald Dewar desired the project to be completed as early as possible. The process of selecting the Construction Management was done without adequate regard for the run a risk factors. Quality was the over-riding priority in the scheme of things, rather than cost and timely execution. It was much later when the delay became a very visible issue that try was laid on completing it early. Even at that stage no rescheduling of the work to reflect the acceleration of pace was done. The cost escalated unreasonably because of the numerous design additions and alterations demanded by the client. Fig 2 Escalated Costs since Sep 2 000 2.2 Lack of Budget Clarity The Project was managed through Construction by Contracting.The utilization of this typeof project management methodology permits the initiation of the on-site construction before the finalization of the complete project design. This strategy helps to reduce the time. However, in the case of theHolyroodproject, no of import contractor was hiredinitiallyand the client hired as many as 60 small time individual contractors whose services were taken up at different times. These individual contractors were to work under a construction managementfirmand the client remained the employer at all times. However, thismethod turned