EUREKA Prometheus Project

Time and cost controls are the main factors which more linked to construction projects. It is very important for a team to completely understand the whole project setup and how critical it is to develop an effective team. Construction team members are chosen, based on the abilities of each team member, namely particular discipline of skill, expertise, and experience, they have to offer to perform the technical contribution in an efficient and profitable way. In addition, some are chosen…

highway, and create an innovative underwater tunnel to Logan Airport. However, the project initially formulated in the 1970s, the planning of the project began in 1982, construction work commenced in 1991, the work finished 2002 and concluded in 2007. The mega project initial estimated to cost $2.8 billion by the end of the completion of the construction the cost was $14.8 that means the cost overrun about 190%. The project supposed to complete in seven years, but it took nearly 15 years.…

The Work Breakdown Structue (WBS) is an important tool used in project management. The WBS provides a common framework for the project to aid in costs and budgets, schedules, and assignements (Kerzner, 2013, p. 530). Figure 1.0 displays the WBS for the project of building a new Leo’s Coney Island resturant. The WBS breaks the project down into all of the different objectives of the project along with the amount of work and cost associated with each objective. The level one section…

Managing the projects while dealing with on-going urgent matters required the use of above approaches to more and less extent. For instance, I was involved in an employee return to work meeting. During the meeting, I was informed of a workplace injury that potentially…

The capacity of a system to recover from any difficulty and adapt to it is called Resiliency. Resiliency help us in understanding the general resilience and approaches for building general resilience of social-ecological systems. Natural calamities are the random event but few of them are similar and experience helps in providing a basis for building a specified resilience towards such random events. Few strategies identified by World Economic Forum for building specified resilience are…

1. A project manager is someone who heads a project that involves a number of stakeholders that are directly or indirectly involved in the completion of that project that ultimately, aims to serve a specific purpose. Again a project manager is responsible for the decision making and a clear understanding of the project constraints. IT Project Managers oversee the planning, development and installation of computer systems to meet their clients’ business needs,(National Careers Services n.d.).…

Q1. Ans Project methodology is a method used in the project for the successfully completion of project by the proper utilization of money, time and resources. According to Jason Charvat, A collection of methods, procedures, and standards that define a synthesis of engineering and management approaches designed to deliver a product, service, or solution for project completion is project methodology. A methodology is a set of guidelines or principles that can be tailored and applied to a…

With a constructive change, it is imperative for the Contractor to inform the Owner that one contemplates that a change has taken place. This gives the Proprietor the opportunity to mitigate or address the state of affairs. The changes clause that is considered for the Federal Government is one of the few stipulations that explicitly address the constructive change concept. Nonetheless, the constructive change is commonly accepted by the courts and industry as a part of a Changes Clause, whether…

Project management is planning and organizing of a firm’s resources to move a specific task, event or task towards completion. Project management is an activity undertaken on a project to project basis and is not a continuous activity, and the resources managed include human resources and financial capital. The project manager helps in defining the goals and objectives of the project and sets the timeline for completing various project components and by whom. The project manager also creates…

role in the organization by providing training's to the project team members on various projects, tracking the progress of the project and communicating the success of the project to the board of directors and key stakeholder 1.ISSUES FACED BEFORE PMO: After the foundation of a Project Management Office, numerous issues and issues identified with projects have been resolve under the help of the PMO-Nayatel. The PMO has controlled the project consummation stages, making it a more light-footed,…