Wembley Stadium Project Management Strategic Issues - Essay Example

Comments (0) Cite this document
Wembley stadium is the renowned name for English football. It was re-erected in the 2006 by dismantling the ancient construction in use since 1923. The project of constructing Wembley Stadium took additional 5 years than was figured out…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.2% of users find it useful
Wembley Stadium Project Management Strategic Issues
Read TextPreview

Extract of sample
"Wembley Stadium Project Management Strategic Issues"

Download file to see previous pages It increased the projected costs to more than double the earlier projections. Especial about the Wembley Stadium is its innovative steel arch that adds to the beauty of the Stadium. The steel arc also endures weight and reduces the need for internal support that could have come in the way of viewers sitting in the stadium. The load bearing feature of the arc adds decorum to the seating arrangement. The design of the Wembley Stadium unlike the Sydney Opera House or Guggenheim Bilbao was not new but nevertheless included a design element in the arch that was innovative, leaving no scope to adhere to best practice techniques such as reference class forecasting as there are no past figures to depend upon, being the novel concept. This absence of historical example is many-a-times a red flag in perfect project planning (Strategicppm, 2011).
The Wembley Stadium project was contracted to the lowest bidding company, which developed a situation similar to winner’s curse in measuring the cost of the project belligerently. Project cost hiked 36% in between the time of the bid acceptance and signing of contract (Strategicppm, 2011).
The Wembley Stadium occupies a distinct place in the event and entertainment industry worldwide and particularly in the history of the UK. The Wembley Stadium has been a host to a number of global events in the 20th century, which included a chain of leading park, theatre and funfair events the like of the 1924 British Empire Exhibition, the 1934 Empire Games, the 1948 Summer Olympics, the 1996 World Cup Finals, the 1978 Eurovision Song Contest, the 1996 European Championships and many other events organised in between (Quintain, 2004). The stadium was razed in 2002 to be reconstructed in 2006 to a 90,000-seating capacity stadium. The new ?757 million Wembley Stadium (NAO, 2003) is now about thrice as big to its earlier size with its arch positioning 140 metres extended from its concourse, which is huge enough to be looked over by the whole of London (Quintain, 2004). The major difference visible is of the arc that replaced the twin towers, the symbol of the stadium. The new Wembley National Stadium equally justifies the fame of the icon it used to be like the old Wembley Stadium (SPG, 2008a). Though a hot debate followed with the razing of the historic twin towers, but it is highly commendable that the final settlement for constructing an arc was welcomed with uproar. The project got initiated in 1996, by raising a hue and cry for a new English national stadium. Soon after holding the national competitions, Sport England decided with a majority Wembley as the most desired location (House of Commons, 2004). The mission of the Sport England was to back the creation of an iconic stadium for three leading sports namely, football, rugby league and athletics (NAO, 2003). The major use of the Wembley national stadium was planned for football and rugby league (NAO, 2003). It was earmarked that after five years of the stadium's functioning, 1% of its yearly turnover would be donated by WNSL for the provision of sports education and other projects (NAO, 2003). 2. Analysis of the Reasons of Delays or Cost Increase during the Project The ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Wembley Stadium Project Management Strategic Issues Essay”, n.d.)
Retrieved from https://studentshare.org/engineering-and-construction/1395137-wembley-stadium-project-management-strategic-issues
(Wembley Stadium Project Management Strategic Issues Essay)
“Wembley Stadium Project Management Strategic Issues Essay”, n.d. https://studentshare.org/engineering-and-construction/1395137-wembley-stadium-project-management-strategic-issues.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Strategic Hotel Management Issues
Technology itself is almost always taken as an exogenous factor in economic analysis. Opportunities include increased population and improved economic conditions of the country, direct investment and technological change. Still, Vietnam has high inflation rates and old legislation dangerous for a hotel business and the market in general.
8 Pages(2000 words)Essay
Assessment Summary: Project Management. A brief overview
The important aspects of project management includes initiating, planning, systematizing, organizing, guiding and monitoring of the associated resources (“What is Project Management?”). The primary rationale behind initiating project management is to meet the objectives of a particular project in a controlled way and also within the given deadline.
12 Pages(3000 words)Essay
Project Environment
Projects lay emphasis on time management, scope management, risk management, procurement management, human resource management, communication management, material management as well as quality management. Project management is in many ways like conventional management but different due to the fact that unlike conventional management, project management requires some special skills.
14 Pages(3500 words)Essay
B.Beijing National Stadium (Birds Nest) (Beijing) and Wembley Stadium (London) Write a report (2000 to 3000 words) comparing the construction technologies used in the pair of buildings you have selected. Your report must contain the following sections:
introduction of a series of changes in all industrial projects; in the area of sports, the use of advanced IT systems offered the chance for the construction of innovative and functional establishments; Beijing National Stadium and Wembley Stadium are indicative examples of such
12 Pages(3000 words)Essay
Issues in strategic management
Strategic management as a system of thought has appeared as a result of the necessity to systematize the already existing knowledge in the field of creating business strategies, and many scholars were able to create whole theories about the instruments of decision making in the strategic management.
8 Pages(2000 words)Essay
Project Management Strategic Issues
Wembley stadium management board agreed to fund the project to the tune of £798 million. Multiplex Construction Company won the tender to undertake the rebuilding of the popular
10 Pages(2500 words)Essay
Strategic Project Management
eet project activities and project requirements.” (PMI, 2004) Going by the definition, a project could be any effort that has a definite beginning and an ending, produces some output and therefore takes some input, and could very well be isolated from the internal environment
10 Pages(2500 words)Essay
Risk Management
(Ezzamel, 1994) notes that for any organization to succeed and to be seen by the outside world as a profitable venture, that company must be having its project managements right. This is because within companies, there are series of projects and organizational strategies that are carried out each day to contribute to overall success of the company.
8 Pages(2000 words)Essay
Venue Management for Events. The Emirates Stadium
The intention of this study is Emirates Stadium as one of the best stadium ever seen Europe and world in general. The topology of the playing field is flat making the pitch attractive and impressive venue for various matches. Apart from the casual football games, Emirates Stadium also has good playfields for games such as rugby and baseball.
14 Pages(3500 words)Essay
Business Project Management
Technical initially, they turn strategic when time frame, involved labour, costs and also their association with the fulfilment of organizational objectives increase substantially. Though success dimensions of project are subjective and open to interpretation, yet the bottom line remains stuck to the fundamental tenets of cost, time and quality.
12 Pages(3000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Wembley Stadium Project Management Strategic Issues for FREE!
logo footer
Contact us:
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us