However, introduction should not be longer than 6-7 lines in a … January 2010 Group 7 Any Questions? The size and scope of this project … Bianchi, S., & Critchlow, A. 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. This project is designed to be the centrepiece of the huge Burj … The total height of the building is 829.8 [m], with a podium development at its base, including a 4 – 6 story garage. 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 … Currently, and over the past few years, a variety of construction projects have been taking place in the UAE, for which the main source of funding has been oil money. 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 … The Burj Khalifa is a grand scale project, requiring the outsourcing of risk and the outsourcing of project management. 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). Examples of project management include budgeting, setting deadlines, allocating resources, assessing progress, and tracking expenditures (Webb, 2003). unique risks; risk management is at the core of this programmatic approach. Final recommendations could be made from that point for future projects of the Emaar company. 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 to keep pace with the company’s model of growth engines. But • Success of a project … Evaristo, R., & van Fenema, P. (1999). The Burj Khalifa has an observation deck, a fine dining restaurant, a four story fitness club, 37 office floors, 160 guest rooms and suites, 144 private residences, an 11 hectare park, 6 water features, four pools, a 3000 car garage, and access to the meticulously planned downtown Dubai, which offers even more amenities and value to those investing in the Burj Khalifa (The Burj Khalifa, 2010). The UAE, located in Middle East, is the third largest oil-producing country in the world. Iron Triangle: Cost: Increase of cost Time: Increase of Time Quality: Met requirements -> Key Factor: Resource management 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. Project management typically utilizes a five-stage approach in addition to a closing process. Project Management Source. Risk Management - Burj Khalifa, Dubai (Part 2) Introduction Risk management has become very important these days and has become a challenge in the construction industry. 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 final height of the building is … 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 … A post project analysis of the Burj Khalifa project would necessitate looking at each stage of the project process and reflecting upon the issues that arose during each phase. Risk management is an effort and more … The International Project Management Association formed in 1965, and the Project Management Institute formed in 1969. In the Burj Khalifa project, the risk in designing and constructing the tower was clearly transferred to outside sources, and the risk was assumed by another company involved in the construction project (Turner Construction Company, 2010). … 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. Software and engineering technological developments drove the evolution of project management methods in the 1980’s, 1990’s, and into the 21st century. They propose to accomplish their mission through establishment of business segments that act as different growth engines (Emaar Properties, 2010). 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. The construction of Burj Khalifa is considered to be a truly international collaboration among more than 30 organizations from around the globe. 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. The management of risk is very important and different tools should be used for managing and mitigating risk in the organization. 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 aim of Burj Khalifa wa… As Haugan, (2002) explains, risk in project management implies the possibility of harm … Organizations have different frameworks in place in order to facilitate their companies goals and objectives. 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. Dubai Downtown is a popular destination for the tourist which is a great opportunity for Emaar properties to develop commercial and residential projects. The Burj Khalifa Project is the tallest structure ever built by man; the tower is 828 meters tall and compromise of 162 floors above grade and 3 basement levels. The final stage is also the time in the project life cycle in which final reports can be written reflecting upon the lessons learned from the project. Towering above even the tallest of Dubai’s skyscrapers, Burj Khalifa is the world’s tallest building—by a long shot. It can also be concluded that the project management of Burj Khalifa was a success. Each level is flat unto itself, yet has a higher chain of command up to the Chairman (Emaar Properties, 2010). Idea formation of the Burj Khalifa project. Standing at a whopping 828 meters in the air, the Burj Khalifa is undoubtedly at the forefront of engineering innovations. The Burj Khalifa is a grand scale project, requiring the outsourcing of risk and the outsourcing of project management. Sorry, preview is currently unavailable. The challenging diagnosis for analysis Of The Burj Khalifa Tower Project and the management of information is needed to be provided. Principles of project management are related to the Burj Khalifa project to illustrate the application of the concepts of project management. Project planning is … Communications Management • More than 65 separate consultants 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). 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). substantial amounts of contractors and suppliers. It is a unique & spectacular skyscraper, and an engineering marvel to set ones sight on … It took 1325 days for the completion of the structure. Procurement is essentially the process of securing goods and services external to the organization is order to facilitate the project. Emaar has a hierarchical management structure with the Chairman at the top, followed by the Board of Directors. This report examines the Burj Khalifa project and associated project management principles involved in this project. 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 of Dubai has been selected. Enter the email address you signed up with and we'll email you a reset link. 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. Twenty-six helical levels decrease the cross-section of the tower incrementa… Dubai was not as famous as it is today just because of infrastructural development. 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. As such, in the design process of the project development, various analyses will be performed to assess inputs, risks, and favorability of success (Carayannis, Kwak, & Anbari, 2005). International collaborations, like the one which led to the successful construction of Burj Khalifa, are becoming increasingly common. Projects are size, time, and financially delimited issues; project management utilizes methods to facilitate these the processes bound within these delimitations for a successful outcome. The success and failure of projects is related to project management. A conclusion is offered to highlight the main points of this report and synthesize the topics. Project Management Perspective. Moreover, the U.S. Department of Defense employed techniques of project management in their defense projects, and the American Association of Cost Engineers formed as well (Carayannis, Kwak, & Anbari, 2005). Wind force on the tower was one of the critical stressors … 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). In the centre of Dubai stands the Burj Khalifa tower (formerly called Burj Dubai), the world’s tallest manmade structure. It is a publicly owned joint stock company, and is listed on the Dow Jones Arabian Titans Index (Emaar Properties, 2010). 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. Each era dealt with their limitations on time, money, and resources to make the project happen (Project Management Source, 2005). FINANCIAL MANAGEMENT . Failure can happen if mismanagement occurs, whether it be from an improper assessment of risk, mismanagement of resources, lack of knowledge of various sectors involved, or even lack of human capital to get the job done (Laufer, 2009). GSM Project was mandated to develop a concept, and then design and install all exhibition … The project management responsibilities of the Burj Khalifa were given to Turner Construction, another renowned organization. The Burj Dubai project is designed to be the centerpiece of the large scale Burj Dubai Development that rises into the sky to an unprecedent height that exceeds 700 meters and that consists of more than 160 floors. The exterior cladding of Burj Khalifa began in May 2007 and was completed in September 2009. The project management concept is not new, in fact the modern understanding of the discipline has been evolving steadily since the 1950’s. View Ahmed Presentation Slides Revised.pptx from ACCT 311 at Louisiana State University. The project… 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 … 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 coordination activities and could be built with around 1.5 Billion USD with 9 months of delay. latest innovation in analysis, design, materials, and construction methods. (2005, November 2). However, factors of unfavorability associated with the project are that the project was delayed due to reported upgraded finishes by Emaar. Terminating the project at closing is the preferred stage of project completion, as presumable the project goals are realized. Burj Khalifa and The Shard are large-scaled projects with. This includes a process that takes into account the accounting principles that maximize the return on investment, as well as issues related to minimizing risk and exposure to potential fraud (Benton, 2010). Despite the economic shock … 4 2.1 PROJECT MANAGEMENT TEAM OF BURJ KHALIFA According to Ahmad Abdelrazaq (2010), the principal owner of the project was Emaar Inc., which is renowned for its construction projects throughout the world. 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. Organizations that have complex business goals embrace an organizational model the project organization. Large projects such as the Burj Khalifa represent a significant investment in sound project management decision making within a complex heavy-weighted matrix project organizational structure utilizing both flat and hierarchical models of project management. The building is a mixed-used building, offering residential, business, and entertainment facilities. Choosing contractors for architecture, engineering, and construction. The project, which commenced in September 2004, was conceived by the Dubai government and Emaar Properties PJSC to consolidate the emirate's status as a key business and tourist hub. 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. The Burj Khalifa is the tallest skyscraper in the world (Bianchi & Critchlow, 2010). (2010, January 1). Construction began in 2004 and completed in 2009. Detailed overview and analysis of the relevant project management concepts, tools and techniquesBurj Khalifa project was associated with the 16 consultants, 2 real estate companies, 3 sub … The next level is the Corporate Office management, followed by the levels of the business segments management. A look at the Emaar organization is offered, followed by a discussion on the Burj Khalifa project. Analysis of Project Planning of Burj Khalifa Introduction. Opening of Burj Khalifa References January 2009 Completion of spire pipe Success or failure ? Towering above even the tallest of Dubai’s skyscrapers, Burj Khalifa is the world’s tallest building—by a long shot. 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. In the centre of Dubai stands the Burj Khalifa tower (formerly called Burj Dubai), the world’s tallest manmade structure. 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