Answer To: MBA643_T1_2021_Assessment_1 Page 1 XXXXXXXXXXKaplan Business School Assessment Outline Assessment 1...
Arunavo answered on Apr 22 2021
MBA643
PROJECT MANAGEMENT OF WESTERN SYDNEY AIRPORT
Table of Contents
Introduction 3
Part A: Project Overview 3
Part B: Risk Analysis 4
Part C: Risk Mitigation Plan 5
Conclusion 7
References 8
Introduction
Initiating any project requires proper planning for ensuring the success of the project. in order to ensure the success of the project different components of project management needs to be considered, such as: goal of the project, estimated timeline for the completion, budget allocated, scope of the project, required team skills along with the interpersonal skills of the team members and the leadership applied through which the project is accomplished. In this report a detailed discussion is done on the project management of Western Sydney Airport, which is one of the iconic international airports under construction, and scheduled to open by 2026. In this report the discussion is done on the budgeting along with the social and economic rationale of the project. the discussion is also done on the risk analysis and mitigation plan of the risks for the project.
Part A: Project Overview
Project management involves a lot of components, such as planning, controlling and completing the work with the team members in order to achieve the specified goals in the specified time. As discussed by Demirkesen & Ozorhn (2017) in order to effectively manage the project by the project manager there are eight steps that need to be followed. The first step is project goals, which should be specific, measurable, achievable, relevant and timely (SMART) goal. The second step is to adhere the projected timeline for the completion of the project. The third step is to monitor the budget allocation and expense done during the entire project. The fourth step is to monitor the scope of the project in which the project manager ensures that the work gets completed on specified time and that to with the required specification. The fifth step need to be followed by project manager is to ensure proper team skill set is available. The sixth step is to ensure team motivation, which need to be positive and result oriented. The seventh step is to ensure a positive team chemistry, which will avoid any internal conflict among the team members. The eight and last step if to ensure proper leadership responsibilities from the project manager, who is accountable for the success of the project.
The construction of Western Sydney Airport (WSA) is awarded to Badgerys Creek by the Australian Government with an estimated cost of delivery of the project is AUD 5.3 billion (Western Sydney Airport, 2021). The company was established on August 7, 2017, with an experienced board member, and they will also have a joint participation with the private sector construction market throughout the project. the construction of the airport is committed for the full-service airport operating curfew free, and it will deliver all the international, domestic and freight services. Through this project thousands of jobs and opportunities for the local business will be created, and around 28,000 direct and indirect jobs will be created by 2031.
Western Sydney Airport has encompassed around 1800 hectares of undulating terrain, and a major earthwork is required for the relocation of high voltage powerline, cemeteries and heritage sites. A number of minor roads within the Badgerys Creek site is closed as a part of the early preparatory work on the site (Western Sydney Airport, 2021). The Australian Government and the Western Sydney Airport are committed to the working with all community members and the partners throughout the construction they are committed towards working with the community members and their partners through the construction. The project will engage the community and the industry stakeholders in a number of ways to ensure that they receive consultation throughout the construction process. The stakeholders include the local government and private agencies who are engaged with the construction of the airport, local people who are actively engaged in the construction work at present and the future work with the airport, and the community people, who will be benefited through the construction of airport. Completion of airport project will benefit the promoters by enabling more operation of international flights along with domestic passenger flights. Construction of the airport will also improve the connectivity of cargo network, because a number of cargo flights will touchdown the airport and also a good connectivity with railways will aid more...