What benefits and challenges project might experience


Assignment Task: Please, write an assessment introduction based to the topics below:

Project Contracts: Identify and analyse the legal benefits and challenges that the project might experience from each of the following types of contracts:  Stipulated or lump-sum contract, Cost of work plus fee contract, Cost of work plus fee with guaranteed maximum price (GMP) contract, Construction management (CM) contract, Design-build or design-and-construct (D&C) contract. Explain what you would do to mitigate any potential challenges of these contract types.

Project Pre-Planning: Analyse the major challenges you would need to address prior to beginning construction and explain what you would do to mitigate any of these potential challenges. ? Evaluate the most effective approach you would use to meet on-time delivery of your project with low cost and high quality. Use examples to support your evaluation. ? Explain how you would organise your project's costs. In other words, what type of project cost breakdown would you use? Provide examples of categories. ? Analyse how you would organise your project's major deliverables and their components using a Work Breakdown Structure (WBS). Explain the level of detail needed in your WBS and why.

Communications of Close Out and Construction Completions: ? Develop a stakeholder communications plan for the commissioning phase ? Analyse the role of construction punch lists and completions management in preparing for closeout ? Describe the importance of pre-commissioning testing and verifications in construction completions ? Discuss the importance of detailed operator training in the asset handover phase of closeout

Project Close-out: Explain the role each of the following elements would play in the close-out of your project:  Project acceptance, Contract close-out, Document turnover and archiving, Team performance appraisal, Team reassignment or demobilisation schedule ,Analyse how you would coordinate a 'lessons learnt' component.

Request for Solution File

Ask an Expert for Answer!!
Project Management: What benefits and challenges project might experience
Reference No:- TGS03364417

Expected delivery within 24 Hours