Your task Individually, you are required to prepare a 1600 word report in which you are to analyse the success and failure factors of a major Australian project by considering its ethical...

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Running Header: Major Australian Project – Success / Failure Factors & Ethical Compromises
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Major Australian Project – Success / Failure Factors & Ethical Compromises
Major Australian Project – Success / Failure Factors & Ethical Compromises
Table of Contents
Introduction    3
Project Background & Analysis    4
Success / Failure Factors & Ethical Considerations    7
Initiation    7
Planning    7
Executing    7
Controlling    7
Closing    8
Conclusion    8
References    9
Introduction
The overall notions concerning project success can be noted to be evolving, yet the overall standard model that is applied with respect to project management teaching in this context continues to be iron triangle. It has been well understood in that success of a project, at the fundamental level, shall be measured as against that of varied set of criteria which has to be linked with project outcomes, interest concerning the involved permanent organization, perceptions concerning project team as well as various stakeholders, amongst other (Demirkesen and Ozorhon 2017; Radujkovic et al. 2017; Papke-Shields and Boyer-Wright 2017). In effect, modern day project environment is characterized with project managers operating within a setup that is highly complex as well as usually turbulent form of environment, entailing working with various stakeholders as well as usually faced with challenging decisions. The key element in the stated challenges concerning project managers appear to be numerous set of commitments for the project owners as well as varied set of interested parties, to take an example, for avoiding real or else perceived set of conflicts in interests as well as with respect to confidentiality (Demirkesen and Ozorhon 2017; Radujkovic et al. 2017; Papke-Shields and Boyer-Wright 2017). Further additionally, project managers possess varied set of commitments for the co-workers as well as employees, for ensuring highest level in health & safety measures, as well as providing healthier and safer working environments.
Further there appears to be varied set of ethical lines which could be crossed while undertaking project management (Demirkesen and Ozorhon 2017; Radujkovic et al. 2017; Papke-Shields and Boyer-Wright 2017). A larger project usually entails significant opportunities to companies as well as people for compromising their ethics with respect to the efforts for delivering project within time / budget. While project managers as well as other various stakeholders, however, turn blind eye towards questionable activities, end results shall usually be disastrous in terms of budgets overruns, legal troubles as well as various criminal charges, and these appear to be becoming common in present day business environments. Project managers shall be required in understanding the overall significance to own their respective mistakes, as well as in recognizing the situations within which the team members or else other various stakeholders shall attempt in shifting their responsibilities with respect to problems arising (Demirkesen and Ozorhon 2017; Radujkovic et al. 2017; Papke-Shields and Boyer-Wright 2017).
In this context, this report presents analysis of organisational factors which lead to the promotion of effective form of project management, success / failure factors, and ethical considerations spanning each phase in IPECC and by using Construction of the Optus Stadium project as reference.
Project Background & Analysis
The Optus Stadium represents a culmination entailing three years in construction as well as more than one decade in planning as well as designing. The stadium is nestled over Burswood Peninsula, and the stadium can be noted to be enveloped...