Supply Chain Management And Stakeholder Analysis For Lusail Stadium Project Essay.

Supply Chain Management for Lusail Stadium Project

Supply chain plays an important role towards the development of a project. Supply chain can allow an organization to produce a network between them and the supplies thereby producing a product. Supply chain of Lusail Stadium project can include different set of factors and variables which can affect the project implementation negatively. The supply chain management can allow a firm to improve its competitiveness, control as well as improve the whole project implementation significantly. The design, construction and the operations of Lusail Stadium builds sustainable practice during the development phase (Copacino 2019). Further, the supply chain network will ensure successful completion of the project and will allow in improving sustainable practice during the fifa World cup 2022. Further, it has been also evident that during the development of the project, supply chain has ensured proper supply of material and labor thereby improvising the project outcome to significant extent. Further, it has been also found that the supply chain network has allowed to establish a proper relationship with the workers and the project which has allowed in effective resolution towards different issues associated with supply chain. With the compliance to the sustainable procurement practice, supply chain will ensure protection of the rights and wellbeing of the people thereby promoting economic development in the project.

Stakeholder analysis consists of different areas as well as levels of interest, expected levels and contributions with respect to the development of the project, it is essential to understand the need as well as concerns related to the project stakeholders. With the help of stakeholder analysis, it will be easier to make decisions and understand the effectiveness of stakeholder engagement within the development of the project. The following section of the report discusses the stakeholder analysis chart associated with the Lusail Stadium project.

From the above, the stakeholders of the project can be identified and it is evident that the inner circle shows the internal stakeholder related to the project while others show external stakeholders. The internal stakeholders of the project includes customers, project owner, construction designer, project management teams, client organization, employees, financial creditors as well as the customers. Further, the external stakeholders of the business includes trade and industry, local communities, social and professional organizations, environment, local and national authorities, political organizations, general public, interest groups, media and local communities. Without the involvement of internal as well as external stakeholders, the completion of the project will not be possible (Eskerod and Larsen 2018).

During the project creation and implementation, there are various risks associated with the sustainable project practice. Without understanding the extent with which the stakeholders and suppliers will be able to work in line, the extent in which the suppliers work sustainably towards developing a tournament will be needed to be monitored and measured in essence with the project development of Lusail Stadium. The risk likelihood and its impact is assessed with different colors where red represents highest amount of risk, amber represents that there are some severity of impact and green shows low impact of the risks associated with the development of the project (Leva etal 2017). The common risks associated with the business are detailed with the risk register below following which the probability impact grid will be constructed.

Stakeholder Analysis for Lusail Stadium Project

Risk/impact description	Likelihood	HEAT MAP	What we’ll do to reduce this risk
Financial risk	Likely		The contractual manager will have to use the credit agreement which will allow it to reduce risks related to the finances of the business. Further, the business will also have to create a consistent financial policy which will ensure that the development is in adherence to the financial situation.
Operational risk	Likely		The operational risk within the stadium development is very usual hence the use of pre operational planning will allow the organisation to allocate resources efficiently as well as will allow it to neutralise potential threats related to the business.
Supply chain risk	Highly likely		Supply chain risk with relation to the development of the stadium is very likely due to the fluctuations in labour and material supply. The reduction of supply chain risk will be only achieved by pre planning for increases costs of material as well as labours. Further, the automated risk monitoring risk will be implemented in place.
Climate impact risk	Likely		The construction project manager will have to implement an infrastructure resilience policy which will allow planning related to the climate change as well as will also allow in reducing the risks level significantly.
Insufficient labour resources	Highly likely		The supply chain within the project will have to be segmented without which it will not possible for the business to improve current labour conditions.
Land acquisition and site demolitions	Highly unlikely		Despite the risk is very unlikely, the management will have to ensure transparent process within the operations associated with the project to reduce land acquisition related risks.

From the above, it is evident that the business will have to prioritize the areas related to supply chain as well as the labor resource insufficiency without which it will not be able to establish a proper project management approach within the development process.

Risk type	Insignificant	Moderate	Major	Catastrophic
Financial	Moderate risk	High	Moderate	High
Operational	Moderate risk	High	Moderate	High
Supply chain	Low	Critical	Critical	Critical
Climate impact	Unlike	Moderate	High	High
Insufficient labor resources	Moderate	Moderate	Moderate	Critical
Land acquisition and site demolitions	High	High	Critical	High

Procurement strategy within the development of the stadium refers to the planning of supplies and materials in completion of the project. Without the implementation of sound project management strategy, it is not possible to improve the existing outcome of the project. Project management can allow managers to improve the existing market outcome as well as will allow them to manage the project in less predictable environment. Further the use of procurement strategy will also allow exponential innovation towards the development of the project as well as will facilitate the use of procurement model in identifying the barriers associated with the project. With the use of the procurement strategy, the managers of the stadium development will ensure that they are not lacking an implementation of digital strategy as well as are component enough to reduce risks associated with the project (Morledge, Smith and Appiah 2021). Further, it is also essential for the manager to understand the stability of the environment in which the development phase will take place and without the procurement strategy, it is not possible for the managers to evaluate the same. Further, it has been also perceived from the analysis that the use of digital transformation strategy will allow the manager to automate the existing operations associated with the project.  The implementation of procurement strategy will also ensure the cost reduction associated with the development which will reduce financial risks associated with the business. Further, procurement strategy will ensure greater amount of efficiency as well as will process innovation within the existing management environment.

Based on the current evaluation, it is best possible for the management to employ agile supply chain which will allow the firm to focus on different smaller item batches as well as will ensure the implementation of a cost effective solution towards the project development. The agile supply chain will ensure more flexibility and receptiveness of the project as well as will allow in respond to changes in customer demand. Further, the implementation of agile supply chain will allow finalization of the process in a very faster and efficient way. Agile strategic tool will ensure proper estimation of forecasted projections as well as will allow in improvement of short life cycles of the project. The implementation of agile supply chain will allow in strong partnerships as well as interactions within the vendors as well as will allow in improvement in existing supply chain framework (Elstermann 2020). Further, the implementation of agile supply chain will reduce warehousing costs associated with the project as well as ensure that the firm has significant amount of inventory to meet demand associated with the development of Lusail stadium. Further, since the development of the stadium is popular assortment, it will be best for the management to use the agile strategic tool and supply chain.

Within the existing framework, the improvement of stakeholder engagement will ensure better communication within the stakeholders thereby improving the existing understanding of the project. Further, the implementation of sound stakeholder engagement will ensure that the project issues are addressed internally and thereby the overall project framework can be greatly improved by the same. However, since stakeholder engagement involves different set of stakeholders, the decision making within the development can get difficult as well as resource constraints can also impact the overall framework of the project. Further, the process of stakeholder engagement comes with significant amount of difficulties in comparing different data and opinions of the stakeholders (Boaz etal 2018). Further, it has been also found that stakeholder engagement can allow the organization to reduce internal conflicts and transparency within the development of the project.

Risk Assessment for Sustainable Project Practice

Risk register will allow in successful implementation of the risk management process as well as will allow the firm to reduce its potential project delays that might arise from the project. Further, the implementation of risk register is very important which will allow the storing of information into accessible place. The risk register related to the stadium will allow the management to understand the nature of the risk that the organization is facing as well as will allow it to identify levels of risk within the framework. Further, the effectiveness of the current risk management approach and the organization’s initiative towards the risk management can be also identified with the help of the risk management framework.

During managing change within the project framework, there are various difficulties that the business will face which will be needed to be measured. Primarily, it is essential for the business to manage multiple changes in regulatory environment. Further, it is essential for the firm to implement a change management solution which will allow the organization to assess the change as well as evaluate them accordingly. Further, it is also essential for the project manager to differentiate the need of multiple sites and update documentation with changes within the project. The lack of visibility into the change process will be needed to be measured in order to improve the project outcome. In addition, if there are any ineffective change within the risk measurement, implementation of a risk measurement plan will ensure that the quality system are implemented (Levy 2018). Further, there can be various issues associated with gaining approvals from governments and authorities about designing and developing changes in relation to the development of the stadium. Further, it is also essential for the management to implement change with proper planning framework. Without planning, it is not possible for the management to develop timeline associated with the project and understand how the establishment of the stadium will be done.

Conclusion

On a concluding note, it can be identified that the development of the stadium comes with different risk factors which needs to be evaluated and mitigated in order to ensure proper operational efficiency. The analysis has also identified that the stakeholder engagement will allow the project implementation more effective as well as will allow improving transparency of the project. The implementation of risk register will allow the management to ensure that they have effective risk management process in place as well as will ensure that the organization has been able to measure its risks and impacts accordingly.

References

Boaz, A., Hanney, S., Borst, R., O’Shea, A. and Kok, M., 2018. How to engage stakeholders in research: design principles to support improvement. Health research policy and systems, 16(1), pp.1-9.

Copacino, W.C., 2019. Supply chain management: The basics and beyond. Routledge.

Elstermann, M., 2020. Executing Strategic Product Planning-A Subject-Oriented Analysis and New Referential Process Model for IT-Tool Support and Agile Execution of Strategic Product Planning. KIT Scientific Publishing.

Eskerod, P. and Larsen, T., 2018. Advancing project stakeholder analysis by the concept ‘shadows of the context’. International Journal of Project Management, 36(1), pp.161-169.

Leva, M.C., Balfe, N., McAleer, B. and Rocke, M., 2017. Risk registers: Structuring data collection to develop risk intelligence. Safety science, 100, pp.143-156.

Levy, S.M., 2018. Project management in construction. McGraw-Hill Education.

Morledge, R., Smith, A.J. and Appiah, S.Y., 2021. Building procurement. John Wiley & Sons