The procurement process can be illustrated in the following general diagram: Within project management and the procurement phase, the contract management portion involves determining needs, such as should something be made or purchased, determining correct costs, deciding on what type of cost contract will be used (fixed price, cost-plus contract, cost plus fee contract, etc), deadlines, and how the job will be determined to be ‘complete’; that is, in the final stages of the contract, a method needs to be managed to close out the contract (Houman, 2002). To start with, the project manager, Emaar, had put in place an … The construction of the Burj Khalifa demonstrates the complex nature of large scale project management. Bianchi, S., & Critchlow, A. FINANCIAL MANAGEMENT . Success is favored if the proper organizational structure is utilized to begin with, followed by a detailed project analysis consisting of financial assessments, risk analyses, stakeholder analyses, and other factors depending upon the project scope and nature. Risk management strategies that can be used in project management include transferring the risk to another party, mitigating the risk factor, avoiding the risk, and accepting some consequence of the risk as a cost of the project (Edwards & Bowen, 2005). 4. Terminating the project at closing is the preferred stage of project completion, as presumable the project goals are realized. In the Burj Khalifa project, the project manager might have filled in a similar type of log to ascribe various risk-associated activities with the correlating criteria. Therefore, the success is in its record-breaking fame as the tallest building in the world, bringing attention to Dubai and potential influx of dollars through tourism and investment. ‘Burj Khalifa’, formerly known as ‘Burj Dubai’ is currently the world’s tallest building. HR Management • For the Burj Khalifa project, the employees, managers, consultants, engineers, and more professionals had to be recruited through a rigorous process that would ensure efficiency throughout the entire project. Enter the email address you signed up with and we'll email you a reset link. But … The Burj Khalifa is supported by a big reinforced concrete mat, which is in turn supported by bored reinforced concrete piles. Burj Khalifa management selected the best and most experienced workers and engineers, In addition to the best and highest quality of raw materials and equipment and provide the enough money to meet their goal. The success of failure of any given project can happen at any stage from development to closing. STEP 8: Generating Alternatives For analysis Of The Burj Khalifa Tower Project Case Solution: Success or failure ? The company enjoys success in its project completion, realization of the project goals as they mesh with the corporate vision, and financial profit from the venture. Emaar’s vision is to offer premier global lifestyle solutions, incorporating not just real estate but also shopping, entertainment, health, education, and finance. GSM Project was mandated to develop a concept, and then design and install all exhibition … Organizations that have complex business goals embrace an organizational model the project organization. The project to build the Burj Khalifa tower is one of the most successful projects in the Middle East and in the world to date. Success of Burj Khalifa Project The prime principle of success is what has been called the “Iron Triangle”, a principle which measures the project based on three perspectives: cost, time and quality In this sense, Burj Khalifa project also can be measured by the “Iron Triangle” method of evaluation. This Company is the largest Land … The author of the "A Project Stakeholder Analysis: Burj Khalifa" paper aims to critically analyze one of the projects that have been successfully executed and completed, and in this process, the world-famous project, Burj Khalifa … However, factors of unfavorability associated with the project are that the project was delayed due to reported upgraded finishes by Emaar. A firm (like analysis Of The Burj Khalifa Tower Project) must organize its management systems, processes, policies and strategies to fully utilize the resource’s potential to be valuable, rare and costly to imitate. The challenging diagnosis for analysis Of The Burj Khalifa Tower Project and the management of information is needed to be provided. The Burj Khalifa construction project is finished, though the management of the tower and its facilities still falls to the Emaar group, and hence likely requires a different mode of project management … It is a publicly owned joint stock company, and is listed on the Dow Jones Arabian Titans Index (Emaar Properties, 2010). This impressive skyscraper, which reaches up to a record height of 828 m, is the focal point of the 500-acre mega-project 'Downtown Dubai' by … Standing at a whopping 828 meters in the air, the Burj Khalifa is undoubtedly at the forefront of engineering innovations. The Burj Khalifa isn't just the world's tallest building. For example; during the construction of Burj Khalifa proper raw materials should be used of high quality, it needs to verify a lot of things due to the risk associated with it. This project is designed to be the centrepiece of the huge Burj … Project Management Proposal for the Burj Khalifa Introduction Project management presents a combined structure concerning the project organization, preparation, as well as, administration that is … An outline of the history of project management is offered, followed by a breakdown of the general principles of the concept. Project management is the framework within which the processes of planning, organizing and managing resources occurs for the ultimate goal of a timely completion of a task (Nokes, 2007). The need for more complex models to reflect and manage complex multi-phase projects involving scores of various inputs were and are the impetus for the evolving nature of project management (Evaristo & van Fenema, 1999). This report examines the Burj Khalifa project and associated project management principles involved in this project. Project Management Source. Burj Khalifa's construction will have used 330,000 m3 (431,600 cu yd) of concrete and 39,000 tonnes (43,000 ST; 38,000 LT) of steel rebar, and construction will have taken 22 million man-hours. It is a unique & spectacular skyscraper, and an engineering marvel to set ones sight on – if one could get a complete glance without having to strain their neck. Abstract The case study discusses the construction of the Burj Dubai (later renamed the Burj Khalifa on its inauguration), the world's tallest building, in Dubai. The building is a mixed-used building, offering residential, business, and entertainment facilities. Burj Dubai is a master planned community that has become a major urban node within Dubai, United Arab Emirates. Analysis of Project Planning of Burj Khalifa Introduction. BURJ KHALIFA ANALYSIS 1 “ BASIC INFORMATION 2 • Location: 1 Sheikh Mohammed bin Rashid Blvd - Dubai - United Arab Emirates • Architect: Adrian Smith (SOM ASSOCIATES) • Floor Area: 309,473 m2 (3,331,100 sq ft) • Height: 828 meters(2717 ft ) • Floors: 163 Floors(26 Levels) • Project … The design team of Burj Khalifa conducted over 40 wind tunnel tests to determine the amount of stress that the wind would place on the building. The Burj Khalifa is a grand scale project, requiring the outsourcing of risk and the outsourcing of project management. A project can also be terminated at any stage, before it ever reaches a completion time. Burj Khalifa was designed to be the centerpiece of a large-scale, mixed-use development to include 30,000 homes [citation needed], nine hotels (including The Address Downtown Dubai), 3 hectares (7.4 … Project management follows a typical project life cycle, and tools can be utilized during these phases, such as the Earned Value Method, to assess and track the evolution of the project life. Undertakings of all sizes require a plan. Each era dealt with their limitations on time, money, and resources to make the project happen (Project Management Source, 2005). The Burj Khalifa (formerly the Burj Dubai) is a skyscraper located in Dubai that was built by Emaar Properties. Communications Management • More than 65 separate consultants For the Bujr Khalifa the idea of the project was to design the world’s tallest building therefore the risk of height came into factor. But • Success of a project … In the past decade, an increasing number of tall buildings and complex structures such as the Burj Khalifa in Dubai, the Bird's Nest Stadium in Beijing, and the London Aquatic Center were built. 298 Project Management / Miscellaneous The Burj Dubai Project: A Symbol of Economic Strength or a Monument to Hubris? From the above study it can be concluded that the project Burj Khalifa was a massive construction which involved around 22 Million man-hours of work including the project management and other … The work breakdown structure of the Burj Khalifa project captures all the deliverables, including the following: This work breakdown structure is very general, and WBS’s can and should be very specific, being 100% exhaustive and 100% mutually exclusive in capturing all the relevant elements of the project. The unfavorable issues cannot be considered failures as the project was a success with the ultimate realization of that success yet to be determined based on interest and investment. The company has holdings in the Middle East, Pan Asia, Europe, North America, and North Africa, with over 60 different business segments (Emaar Properties, 2010). Generally, projects bring measurable outcomes and changes and these bring about other developments and opportunities (Tuner, 2009). These then influence the risk to materialise and take place. In controlling the project of risk management, the Project manager in charge of this aspect often utilizes a risk management log. In the centre of Dubai stands the Burj Khalifa tower (formerly called Burj Dubai), the world’s tallest manmade structure. Assessing risk in a project such as the Burj Khalifa is paramount in managing this scope of a project. The five stage process given in the diagram presented earlier in this report was generally followed by the Emaar in getting from implementation to closing. … Each level is flat unto itself, yet has a higher chain of command up to the Chairman (Emaar Properties, 2010). ... engineer for the project and Harry G. Poulos of Coffey Geotechnics who is a technical reviewer for the geological aspects ... • "Burj Khalifa, Dubai (Burj Dubai or Tower of Kahlifa)." The UAE, located in Middle East, is the third largest oil-producing country in the world. The project, which commenced in September 2004, … Burj Khalifa Project Management Case Study Analysis, Southwest Airline Strategic Formulation Case Study Analysis, Entrepreneurship Case Study Analysis Example, The Project Management of Heathrow’s Terminal 5, Covid-19 (Coronavirus) Case Study Solutions. Evaristo, R., & van Fenema, P. (1999). Value is given to residents and occupants of the tower, through the amazing service amenities and access to luxurious dining, parks, and entertainment, as well as access to a thriving and desirable downtown Dubai destination. The construction of Burj Khalifa is considered to be a truly international collaboration among more than 30 organizations from around the globe. The construction of Burj Khalifa demonstrates effective planning process of a largescale and complex project through project management. The project management responsibilities of the Burj Khalifa … Projects are distinguished from routine business activities which usually follow regular procedures or policies. The facilities provided by the building project are based on Emaar’s corporate vision of offering a high-value luxury multi-use living space. The International Project Management Association formed in 1965, and the Project Management Institute formed in 1969. Modern project management dates to having roots in the 1950’s with the implementation of various project management models including the Critical Path Method, the Program Evaluation and Review method. It took 1325 days for the completion of the structure. The aim of Burj Khalifa wa… Emaar Properties formed in 1997, and is a Dubai-based property construction and management property specializing in large-scale, high end communities and buildings. The total cost for the building was $1.5 billion U.S. dollars (Springer, 2010). Resource Management: • For the Burj Khalifa project, the employees, managers, consultants, engineers, and more professionals had to be recruited through a rigorous process • . Analysis Of The Burj Khalifa Tower Project. The modular, Y-shaped structure, with setbacks along each of its three wings, provides an inherently stable configuration for the structure and provides good floor plates for residential. Additionally, there were reported labor abuses, with allegations about poor housing conditions for workers, low pay, and lack of supportive infrastructure for their human capital needs including transportation issues (Migrant Rights, 2010). View Ahmed Presentation Slides Revised.pptx from ACCT 311 at Louisiana State University. Burj al Arab being a unique project with huge budget was funded through loan of $1.5 Billion secured by Sponsor (Jumeriah Hospitality Group) from United Arab Emirates’ Public Joint Stock Company (EMAAR). The project, which commenced in September 2004, was conceived by the Save my name, email, and website in this browser for the next time I comment. Detailed overview and analysis of the relevant project management concepts, tools and techniques Burj Khalifa project was associated with the 16 consultants, 2 real estate companies, 3 sub-contractors, 38 suppliers, 14 contractors, 78 companies and 3 financial institutions. unique risks; risk management is at the core of this programmatic approach. manage both projects. Turner Construction Company, one of the largest construction companies in the United States and a subsidiary of a German company, was hired as the major project manager of the venture (Turner Construction Company, 2010). Dubai Downtown is a popular destination for the tourist which is a great opportunity for Emaar properties to develop commercial and residential projects. Risk management is an effort and more … For some organizations, simple functional organizational structure models work best, for others a more complex project management matrix structure is required. 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