Construction Of Queen's Wharf: A Project Management Essay.

Project Objectives

Question:

Discuss about the Case Study of Construction of Queen’s Wharf.

The project mainly reflects on the construction of Queen’s Wharf, which is mainly set up in order to attract the new visitors as well as investment as it mainly helps in reconnecting the city of Brisbane as well as the Brisbane River (TheUrbanDeveloper.com 2017). The construction of Queen’s Wharf will mainly include implementation of residential towers, department store, beverage outlets, and Queensland hotel and hospitality school.

The assignment mainly helps in elaborating the organizational setting and environment of the project in order to understand the entire project context. The assignment also assists in providing proper analysis as well as overview about the utilization of project management related tools, concepts as well as techniques in order to demonstrate the understanding as well as knowledge related with the project.

The Queen’s Wharf is mainly constructed in order to attract large number of visitors as it generally helps in reconnecting the activity of Brisbane that helps in defining the entire city of Brisbane including Queen Street Mall, South bank, Botanic Gardens as well as Parliamentary precinct with the Brisbane River. It is identified that it is being delivered with the help of Star Entertainment Group as well as Chai Tai Fook enterprise for facilitating the planning as well as delivery of the Queen’s Wharf Brisbane integrated resort development (TheUrbanDeveloper.com 2017). It is mainly expected to create more than 2000 construction related jobs and 8000 additional ongoing employment opportunities.  The development of resort must include implementation of new hotels, residential towers, new department store, beverage outlets and Queensland cinema as well as hospitality school.

 The main objectives of developing Queen’s Wharf resort are as follows:

• To develop Queen’s Wharf for providing proper facility to the people of Brisbane.
• To enhance job opportunities within the area of Brisbane
• To enhance tourism within Australia

 The resort of Queen’s Wharf is mainly developed for providing appropriate facility to the visitors as the resort mainly consists of residential rooms, hotels, beverage outlets, moonlight cinema and Queensland hotel.  The construction of the resort also enhances construction jobs by 2000 in the area f Brisbane (TheUrbanDeveloper.com 2017). In addition to this, the development is mainly done as it is expected to provide $1.69 billion annually and also assists in enhancing tourism

Process utilized for defining the project

It is identified that appropriate steps are utilized by the project manager in order to define the entire project. The steps that are utilized are as follows:

Planning phase: In this phase, proper plan is created by the project managers in order to begin the project. The manager of the project mainly involves in activities that include time estimation, budget estimation, and analysis of project requirement as well as preparation of project schedule.

Steps Utilized by the Project Manager

Initiation phase: The initiation phase is created in order to define the scope of the project, objectives as well as deliverables (Todorovic et al. 2015). It is identified that the project manager assists in preparing financial plan, appointing workers as well as identifying project related risk.

Execution phase:  It is found that appropriate activities are utilized in the phase for constructing the entire resort of Queen’s Wharf. It is found that the activities that are utilized for executing the construction off resort include application of tiles, colors, and bricks, installation of electrical circuit, and implementation of residential tower, beverage outlet as well as hotel.

Development phase: The project manager develops the entire project of “Queen’s Wharf” in this phase   by executing number of activities that include preparation of vision statement, formation of resort campus board, payment structure and more (Zlatanova 2017). In addition to this, the entire project is finalized in this phase.

Closure phase: In this phase, the project manager mainly assists in handling the entire deliverables of the project. In addition to this, they also involves in managing the project by reviewing the entire project after its implementation.

Discussion of project plan

 The entire project plan of “Queen’s Wharf” is designed for controlling as well as executing the project. The steps that are incorporated within the construction of resort for completing the project execution within time are as follows:

 Requirement of project analysis: It is identified that proper requirement analysis is important in order to construct the resort of “Queen’s Wharf” within the estimated budget and time.

 Project nature analysis: The nature of the project must be evaluated effectively so that the entire project will be executed properly by arranging proper materials as well as resources (Burke,  2013).  It is found that project nature analysis helps in giving a clear concept about the project which is quite advantageous.

Project resource estimation: The resources of the project must be estimated effectively in order to complete the entire project within the assumed time and budget. Improper estimation of resources generally leads to project failure.

Time schedule estimation: It is considered as one of the most significant task for the project manager as it helps in providing proper idea about the required time for completing the project (Costa,  Larson and Stamieszkin 2014). Proper estimation of time is required in order to complete the execution of the project within the assumed budget.

Challenges and Issues Faced by the Project Manager

Estimation of budget: It is found that appropriate estimation of project is one of the significant tasks for providing an appropriate overview about the required budget of the project. Appropriate estimation of project is necessary for completing the entire project within the estimated time

Estimation of labor: The workforce that is required must be analyzed as well as estimated within the planning phase (Fleming and Koppelman 2016). Proper estimation is required in order to complete the entire project within the assumed budget and time.

Additional requirement Analysis: In this activity, the additional requirement of the project is estimated for completing the project successfully within the assumed budget and time.

Scheduling resources and costs

Figure 1: Gantt chart

(Source: Created by Author)

Resource Sheet

Management of project risks

It is identified that during the construction of Queen’s Wharf, the project manager faces numerous challenges as well as issues, which can be managed properly by following the steps that are provided below:

Risk identification: It is identified that risk identification is one of the significant step in risk management. The risks must be identified properly so that they can be mitigated or resolved easily by adopting proper strategies as well as methods (Hwang, Zhao and Toh 2014). The risk associated with the construction of resort can be identified as per the types of the risk that include personnel risk, cost related risk, deadline risk as well as quality related risk.

Risk analysis:  Risk analysis is mainly undertaken for elaborating the risk that is mainly related with the Queen’s Wharf. In this step, various risks are identified as per their probability of occurrence. It is identified that both the cost assessment as well as project portfolio helps in classifying the project (Mir and Pinnington 2014). It is quite significant to analyze the risk appropriately so that the project manager can achieve appropriate information about the risks.

Risk assessment: The risk analysis is mainly done by utilizing both qualitative and quantitative measurement of risks. In the construction of resort, numerous procedures of risk assessment are generally used that generally include qualitative research, probable maximum loss, risk map and performance indicators (Pinto 2014). Proper strategy must be utilized for assessing the risks so that the risks must be mitigated easily.

Risk control: The risks that are analyzed within the risk analysis step are generally influenced with the help of project managers for determining the steps that are helpful in risk control. The different types of risk control step that must be applied for controlling the risk of the project include bearing, avoidance as well as passing risk.  The project managers must follow appropriate steps or strategies for controlling the risk in order to minimize the level of impact it creates.

Risk Management Strategies

Risk Monitoring: Risk that is associated with the construction of Queen’s Wharf must be identified properly (Serpella et al. 2014).  The main objective of the risk management plan is not only to reduce risk. The various risk related with the project should be completed within the estimated budget as well as time.

Project performance management

Performance management is mainly referred as one of the procedure that mainly assists in implementing, planning as well as improving both the effectiveness as well as efficiency of the project. The main purpose is to provide appropriate facility to the people of Brisbane by developing hotel, hospitality school, beverage outlets, and Queensland cinema within the same resort (Taylan et al. 2014).The development of Queen’s Wharf also helps in providing appropriate job opportunities to the people of Brisbane.

It is found that both performance management and evaluation is mainly designed in order to access the past level of performance, goal achievements and for assisting employees to identify different objectives and goals associated with the project of Queen’s Wharf.   In contrast to this, it is identified that timely performance is mainly undertaken when the probationary period gets completed.

It is identified that the present Australian environment is generally characterized by different types of mergers, downsizing as well as acquisitions with the help of appropriate consolidation measures. It mainly assists in influencing the entire industry an also helps in creating proper different between failure and success (Kuo and Lu 2013). Appropriate rules as well as principles are mainly utilized in order to manage the performance properly. It is stated by Mir and Pinnington (2014) that appropriate communication is quite necessary between the various levels of the organization for achieving appropriate objectives of the organization. There is appropriate value that generally assists in negotiating, commenting as well as discussing various objectives related with performance. The evaluation session should be properly reviewed as it mainly helps the managers in sharpening different types of problems associated with project.

Conclusion

 It can be concluded from the entire assignment that development f Queen’s Wharf is quite advantageous to the people of Brisbane. It is generally set for enhancing the number of visitors. The resort helps in providing appropriate facility to the visitors and it consists of beverage outlet, moonlight cinema, residential hotels and more. The visitors can get all the facility within the same resort and therefore then do not have to face problems. The development of Queen’s Wharf helps in providing job opportunities to the people of Brisbane.  It is identified that during the development of the project the managers faces number of challenges which can be only resolved by taking appropriate steps that are generally discussed in this project

References

Burke, R., 2013. Project management: planning and control techniques. New Jersey, USA.

Costa, A., Larson, E. and Stamieszkin, K., 2014. Quality Assurance Project Plan (QAPP) for Water Quality Monitoring in Cape Cod Bay 2014-2016. Massachusetts Water Resources Authority, Environmental Quality Department.

Fleming, Q.W. and Koppelman, J.M., 2016, December. Earned value project management. Project Management Institute.

Hwang, B.G., Zhao, X. and Toh, L.P., 2014. Risk management in small construction projects in Singapore: status, barriers and impact. International Journal of Project Management, 32(1), pp.116-124.

Kuo, Y.C. and Lu, S.T., 2013. Using fuzzy multiple criteria decision making approach to enhance risk assessment for metropolitan construction projects. International Journal of Project Management, 31(4), pp.602-614.

Mir, F.A. and Pinnington, A.H., 2014. Exploring the value of project management: linking project management performance and project success. International journal of project management, 32(2), pp.202-217.

Pinto, A., 2014. QRAM a Qualitative Occupational Safety Risk Assessment Model for the construction industry that incorporate uncertainties by the use of fuzzy sets. Safety Science, 63, pp.57-76.

Serpella, A.F., Ferrada, X., Howard, R. and Rubio, L., 2014. Risk management in construction projects: a knowledge-based approach. Procedia-Social and Behavioral Sciences, 119, pp.653-662.

Taylan, O., Bafail, A.O., Abdulaal, R.M. and Kabli, M.R., 2014. Construction projects selection and risk assessment by fuzzy AHP and fuzzy TOPSIS methodologies. Applied Soft Computing, 17, pp.105-116.

TheUrbanDeveloper.com. (2017). 7 Major Projects Shaping Brisbane As Australia's New World City - TheUrbanDeveloper.com. [online] Available at: https://www.theurbandeveloper.com/7-brisbane-major-projects-new-world-city/ [Accessed 13 Aug. 2017].

Todorovi?, M.L., Petrovi?, D.?., Mihi?, M.M., Obradovi?, V.L. and Bushuyev, S.D., 2015. Project success analysis framework: A knowledge-based approach in project management. International Journal of Project Management, 33(4), pp.772-783.

Zlatanova, S., 2017. Research Project on the Usability of Oracle Spatial within the RWS Organisation; Detailed Project Plan. GISt Report No. 15, Delft, 2002, 13 p.