Building an International Standards Football Stadium in the Yas Island - Example

Name of student Professor’s name Course name 8th November 2013 Business Case- Football Stadium This project entails building an international standards football stadium in the Yas Island. The stadium will have a capacity of 70000 people. The estimated cost of the project is $200 million and the span of the project from commencement to completion will take roughly 2 years. The following paragraphs analyze the various components of this project. Scope Overview The project is a football stadium. The main activities of this project will involve round the clock construction of the stadium, management of personnel and procurement. The main objective of the project is to build a football stadium of international standards. The project also aims to transform Yas Island into a gaming zone through the construction of this stadium. The major deliverables of this project will be the stadium itself. However, there will be other deliverables such as parking lots, roads and other infrastructure to sustain the stadium needs. The objective of the project is to deliver a football stadium whose quality would match those of other international standards stadiums. Milestone Schedule and Acceptance Criteria The project will take a maximum of two years. The breakdown of the milestones of the project is detailed in the following diagram. Nov 2013 – Jan 2014 Feb 2014- April 2014 May 2014 – Dec 2014 Jan 2015- Mar 2015 April 2015 - Nov 2015 Oct 2015-Nov 2015 Feb 2016 Project Planning, evaluation Acquiring licenses Phase one of project Post phase 1- evaluation Phase two commencement Post phase 2- evaluation Launch of the stadium Milestone acceptance criteria The project will be evaluated at two milestones, the completion of phase one of the project and after the completion of the whole project at phase two. The following table shows the milestone acceptance criteria at every phase. Milestone Phase 1 (Nov 2013 – April 2014) Phase 1 (April 2015 – Nov 2015) Milestone acceptance criteria -Structural foundations laid as per the instructions from the engineer. -Wind and sand storm breakers set in place. -Project is running according to set schedule. -All materials to be used in phase two have been procured. -All construction factors have been looked into. -The stadium has a seating capacity of 70000 people. -Other deliverables such as parking areas and infrastructure are in place. -Wind and sand storm breakers have been demolished and stadium stands on its own. -The stadium has the capacity to withstand considerable pressure from wind and sandstorms Remarks If criteria is satisfied, proceed to phase 2 If criteria is satisfied, proceed to launch Risks Ever project has risks and it is important to identify them and act on them early enough (Longman and Mullins 56). One of the potential risk factors is government interference. The government may decide that the project is not viable to be built on the island. This brings the whole project to a stop. Another risk is the sand storms, which are a common occurrence in this area. They could be detrimental to the structure being made and lead to the project being slowed down greatly. The potential risk from the government can be dealt with through requesting licenses to build the stadium way before the build-up commences. The hurricanes are natural and hard to control. Barricades could be erected around the stadium to prevent them from damaging the main structure. Stakeholder List The football fans in the area are people who are very much in support of this project. Those who oppose the project are the people who consider themselves environmentalists who think the stadium will impede upon environment of the small island. The government supports the project and since they are the major players and policy makers, the project is Okayed to move to the construction stage. Others who are up for the project are the people financing this project. They are concerned about the returns this project will start bringing in once it is completed. Team Operating Principles The following form the team operating principles for this project. Open and honest with each other- this means that people will share all important factors in this project with absolute honesty and as a team. Treat one another respect- to achieve the objectives as a team, it will be important to treat others with respect as individuals and as co-workers Confidentiality- information on the project will not be leaked out to other non stakeholders. Critique of the process – criticisms will be open so that mistakes can be discovered and taken care of before they escalate. Read More