02. delivering successful project (comp 01)

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Nov 24, 2024

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1 Component: 01 Individual Report Marble Arch Mound Contents

2 Introduction: .................................................................................................... 2 The Marble Arch Mound: .................................................................................. 3 Project failure: .................................................................................................. 4 Recommendations: .......................................................................................... 6 Conclusion: ...................................................................................................... 7 References: ...................................................................................................... 8 Introduction: This particular report will focus on the end of a fruitful ride. Project success is essential to the success of your organization. Team members need to coordinate their time and effort to complete the project on time and within

3 budget. However, in order to successfully complete the project, he must follow three key steps. Preparation, Implementation, Observation Effective implementation of a project requires organization. A project plan should include a schedule, goals, and a resource list. The project manager says that it should also explain how the project will be carried out and the specific responsibilities of the stakeholders. The actual action taken during the execution phase is project execution. Project managers need to ensure projects are completed on time, within budget, and with required materials. You also need to make sure everyone is happy with how the business ended. Monitoring is essential to ensure that the project achieves its goals. Project managers need to review task plans, execution checks, and completed items from time to time to determine whether the organization is meeting its goals. If the desired results are not obtained, the project implementation policy may change. This document focuses on analyzing the Marble Arch Mound Project delivery process in light of the aforementioned. Projects are discussed and explained to identify reasons for project failure. In addition, suggestions are made on how to improve the successful implementation of the project. The Marble Arch Mound: This specific report will focus on finishing fruitful drives. Successful project delivery is essential to an organization's success. To finish a project on time and within budget, team members must coordinate their time and efforts. However, in order to successfully complete a project, three essential steps must be taken: Preparing, carrying out, and keeping an eye on To guarantee that the undertaking is done effectively, arranging is required. A schedule, objectives, and a list of resources must be included in the project plan. The project manager says that it should also explain how the project will be carried out and the specific responsibilities of the stakeholders. The actual action taken

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4 during the execution phase is project execution. Project managers need to ensure projects are completed on time, within budget, and with required materials. You also need to make sure everyone is happy with how the business ended. Monitoring is essential to ensure that the project achieves its goals. Project managers need to review task plans, execution checks, and completed items from time to time to determine whether the organization is meeting its goals. If the desired results are not obtained, the project implementation policy may change. This document focuses on analyzing the Marble Arch Mound Project delivery process in light of the aforementioned. Projects are discussed and explained to identify reasons for project failure. In addition, suggestions are made on how to improve the successful implementation of the project. Project failure: Marble Arch is an example of a project that fell short of its goals. A project is considered a failure if the expected results are not achieved within the allotted time and cost. However, in most cases, the partner's perception of the result and their satisfaction with it will determine whether the project succeeds or not. In other words, a project is considered a failure if it fails to meet its financial or ROI goals. Like the previous one, Marble Curves is a dangerous disappointment situation for several reasons. When the fake mound first appeared in his August, many people mocked it. Because it’s brown, green and bare sides didn't look like the lush mounds of early renders of MVRDV. Artificial Hill Council ticket holders were then asked to compensate Westminster Council. Forced to declassify the facility when it was destroyed in January 2022. As such, the Council failed to achieve his intended ROI. In addition, the mound's spending has increased from its original budget of £3.3m to nearly £6m. Each project aims to generate added value recognized by its stakeholders and the general public by executing strategic initiatives in a systematic and

5 carefully monitored manner. But the Marble Arch project was of no value to its intended audience. In London, the initiative became a joke and both the manager and Westminster Council member were forced to resign demanded payment. There was no initiative winner as it consumed more than three times its original cost. So it becomes a test to get back speculative money. A task is considered a disappointment if the risk cannot be recovered under any circumstances. An analysis of the project described the failure as "particularly devastating", given the Council's intention to emphasize the "magnificence and value" of the Oxford Street precinct. The varying range of forged arches under development, particularly the amount and complexity of the scaffolding and sedum roof structures, were determined to be responsible for a $2 million cost overrun. The community hired workers for the project within the allotted budget, but didn't pay for "out-of-bounds" things like toilet needs. The final cost variation of £517,000 was caused by items "not taken into account in preliminary projections" but "significant" items needed to improve the tourism experience. This resulted in an additional cost overrun of £190,000. This research shows that the company may have failed for a variety of reasons. One of them was project management. According to Sanchez and Haas (2018), project planning is necessary at every stage of the process. Provides an overview of project goals, budget, timeline, and scope. Project managers can bring abstract ideas to life through planning. Placement allows for strong observation and a board of venture gambling, allowing for a basis of control as the task progresses. With the help of a thoroughly reviewed project plan, you can maintain communication and provide relevant information throughout the life of your business. Initial project scope is determined during the planning stage and the most effective method of project completion is selected. The duration of the various tasks required to complete the work are listed after this phase and placed in a Work Breakdown Structure (WBS).

6 However, for the Marble Curve Hill project, these strategies were not pursued. A project evaluation found that the scope changed several times throughout the project. In addition, additional components were added that were not included in the Venture Plan, increasing the consumption of the project. The control elements of the project were also poorly planned. This is because the project has not gone as he expected MVRDV. As a result, costs continued to rise. As a result, it is possible to argue that poor project management was a factor in the marble Arc project's failure. Project management covers all five phases of a project. Beginning, planning, executing, managing, and concluding the project are the phases. Additionally, the execution phase of the project might be regarded as a failure. Action is the execution of the project plan. As a result, construction stakeholders are not properly fulfilling their responsibilities. Deviations from the initial arrangement contributed to its downfall by Task developers such as FM Conway. In addition, the architectural firm MVRDV, which designed the project, also made a mistake. However, there were design flaws and numerous bugs that were discovered too late and drove up costs. According to Toll (2018), the most difficult aspect of a venture board was finalizing the business plan. His 4,444 project stakeholders who were responsible for the project's success did not shirk their responsibility. This is especially true for clients who were not informed of project deviations by their project manager. The construction company had to strictly adhere to the given plan and not deviate from it, so the goal was not achieved. Better project planning is the best recommendation for reducing errors in subsequent projects of a similar nature. The project scope and schedule should be used to determine priorities and key deliverables. A WBS should be used to further develop project visibility and control loops. In addition, project managers should perform their duties as required. Cote found that the ability of project her managers to complete tasks on time was characterized by reliability, adaptability, teamwork and empowerment.

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7 Project management software can also be used to improve planning and project management processes. Recommendations: 1. Through clandestine deals, he established the origin of two shipments, acquired a high-profile trading company, and involved FM Conway in the design and manufacture of parts. 2. In time for its aggressive launch date, progress on the approved plans continues during Edge's rollout phase. 3. We are aware that the project team is authorized to spend up to £2m on preferred capital and gross income and we will do everything within our power to increase or decrease this amount do. 4. A second report detailing the assets and stakes for this scenario is provided for additional confirmation. The study found that multiple revenue streams can significantly reduce net costs. The Venture Group has approved ways to address risk mitigation measures such as: Secure the platform and use it in accordance with standard governing provisions. 5. Improving project management practices, especially by increasing the amount of planning required for each project, is the most likely strategy for reducing the failure rate of subsequent initiatives of a similar nature. 6. It's important to use the scope and timeline as a guide to your priorities and key deliverables. WBS is a useful tool that can improve transparency and project management. 7. Furthermore, it is the project manager's responsibility to complete all tasks within the allotted time. According to Cote, highly effective project managers are characterized by integrity, adaptability, ability to collaborate with others, and strong self-determination. Conclusion: As mentioned in the previous analysis, the study focused on analyzing the marble arch mound project and identifying the reasons why the project

8 failed. The Curve planned to create a dazzling green environment with lush vegetation and mature trees to attract customers to Oxford Road. However, the results fell short of the expected targets. The symmetrical hills are overgrown with nothing but patches of dry grass, but have been criticized for their gloomy appearance. Due to poor planning and management, the failed project cost him three times the protected budget. According to a city official statement to the BBC, "Marble Curb Hill did not implode in January." The hill has achieved its goal. He said it helped me. He is overjoyed that the hill and its spectacular light show have been seen by more than his 242,000 people. After its completion, Google rated its attractiveness and he gave it 3 stars. “The grounds for this appeal are to demand that Westminster City Gathering extend its life beyond its proposed demolition date” (Gail, 2022). And the #SaveTheMound movement. This cutting-edge London celebration of images and life should be protected from the coronavirus after being released from confinement, and the wonderful memories it made should live on. Despite resistance and criticism, MVRDV stuck to the project's concept. "Despite the turmoil, we are sticking to our basic plan," the company said in a statement. The Marble Curve hilltop incorporates the city compaction and greening criteria of the MVRDV planning rationale. References: Gale, T. (2022). Pop-up tourism and the 'cult of the temporary'. Otter, S. (1992). Learning Outcomes in Higher Education. A Development Project Report. Anderson, D. C. (2010). Planning for Preservation Project Report and Research Guide.

9 Pinto, J. K., & Mantel, S. J. (1990). The causes of project failure. IEEE transactions on engineering management, 37(4), 269-276. Yadollahi, M., Mirghasemi, M., Mohamad Zin, R., & Singh, B. (2014). Architect critical challenges as a project manager in construction projects: a case study. Advances in civil engineering, 2014. Attarzadeh, I., & Ow, S. H. (2008). Project management practices: the criteria for success or failure. Communications of the IBIMA, 1(28), 234-241.

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