Project Risk Management - Holyrood Project - 5687 Words

Project Risk Management | M3N313401-12-B | Group report Jenna McCall : S1O21235 Adelle Kelly : S1023858 Angela Mitchell : S1034517 Luciano Farias : S1306729 Iaponaira de Abreu : S1306726 | | | 5103 words Contents 1. Introduction 2.1 Executive summary 2. Case study 3. What is project management†¦show more content†¦According to The BBC (2004), in the initial planning stages the predicted  £40 million was set aside by the government to fund the project. This amount remained fixed until additional uncontrolled construction costs resulted in the project cost to increase to  £109 million in June 1999 to a total cost of  £414.4 million which in turn resulted in a 20 month delay to the initial schedule. The BBC (2004) also suggested that the main cause of the delay in the project finalisation was due to the â€Å"production of detailed designed variations and the late supply of information during the construction process†. The deadlines which the project manager provided for the construction of the parliament building were very tight. The BBC (2004) argues that these deadlines did not reflect the complexity of the building which resulted in both architects and trade contractors failing to deliver critical foundations of the project therefore meaning the project timescale overrun. The project manager failed to realise the unlikelihood of the targets set being achievable and therefore failed to alter the timeline to reflect this. Also the project manager should have completed steps which would allow the realisation of the key problems which were in turn causing the negative effect on the project’s performance in both cost and time. The project manager should have neverShow MoreRelatedThe Holywood Project840 Words   |  3 PagesThe Holyrood Project was a cost and time scale failure but due to that the building came out as a very high quality building of our time still seen by architects as a tour de force of arts and crafts and quality without parallel in the last 100 years of British architecture. So even though the project as a whole was a failure the building is seen as a master piece. There are many reasons why the projects seen as a failure, some reasons making more impact on the failure than others. Project ManagementRead MoreChallenges in Oil Gas Industry5117 Words   |  21 PagesCurrent Emerging Challenges in Global Oil Gas Industry Submitted By: ABHISHEK KUMAR ROLL – 02 PGDM - IB Under the Guidance of: Prof. C P JOSHI HOD (Strategy, International Business General Management) Current Emerging Challenges in Global Oil Gas Industry 1. Topic: Current Emerging Challenges in Global Oil Gas Industry 2. Objective: This seminar paper aims to briefly analyse the current challenges faced by Global Oil Gas companies and its impact on the global energyRead MoreConflict Management and Emotional Intelligence63003 Words   |  253 PagesSouthern Cross University ePublications@SCU Theses 2010 Conflict management and emotional intelligence Yu Fai Leung Southern Cross University, keith.leung.yu.fai@gmail.com Suggested Citation Leung, YF 2010, Conflict management and emotional intelligence , DBA thesis, Southern Cross University, Lismore, NSW. Copyright YF Leung 2010 ePublications@SCU is an electronic repository administered by Southern Cross University Library. Its goal is to capture and preserve the intellectual