Topic: Commercial management (construction)


 

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In this assignment you should demonstrate your knowledge and understanding of the following:

Critically review the sponsoring organisation’s objectives (Wembley National Stadium, UK)

  • and their perceived benefits from the proposed construction project from the list in the Appendix A.
  • Articulate and analyse the role of commercial managers in general using academic literature, case studies, other high-quality publications.

 

INSURE TO INCLUDE RELEVANT KNOWLEDGE OF KEY CONCEPTS:

  1. USE A CASE STUDY TO CRITICALLY REVIEW THE SPONSORING ORGANISATION OBJECTIVES AND THEIR PERCEIVED BENEFITS FROM THE PROPOSED CONSTRUCTION PROJECT

 

  1. ARTICULATE AND ANALYSE OF THE ROLE OF THE COMMERCIAL MANAGER IN GENERAL USING ACADEMIC LITERATURE, CASE STUDIES, OTHER HIGH-QUALITY PUBLICATIONS.

 

CASE STUDY

2.Wembley National Stadium, UK

Relatively modest cost overrun, but phenomenal legal bills (Source: Hill International)

 

  • Commenced: 2002
  • Planned Completion: Early 2006
  • Opened: March 2007
  • Delay: 1 year
  • Planned Cost: £757m
  • Final Cost (approx.): £1bn
  • Increased cost: 32%

 

In 2007, the Wembley stadium project in the UK notoriously saw £1m spent on photocopying alone, during a lengthy and complicated dispute relating to issues including the roof design, the famous arch, and ground works. By going to court and winning their claim, the contractor Multiplex lost £2m – a cost that ultimately was blamed for the sale of this previously successful 43-year-old company. At first glance, this might not seem like too much of a failure – with a cost increase of just 32% (in part down to procurement route). But the cost in legal bills was phenomenal – Multiplex’s costs on a sub-trial alone (dealing with only a few of the issues at dispute) were quoted as being £45m.

UK newspaper The Telegraph commented in 2007: “The Wembley hangover has dogged Multiplex and seen the company struggling to restore its reputation just three years after it was listed in Australia.”

 

1. References for Wembley Stadium

 

COMPLETE THE ASSIGNMNET UNDER THE FOLLOWING FORMAT (IN ORDER)

 

  • INTRODUCTION PROJECT BRIEF EXPLENATION

 

  • PROJECT BRIEF EXPLENATION

 

 

  • DESCRIPTION OF CHOSEN PROJECT

 

  • CLIENT (WEMBLEY)

-Analysis of client

-Type of client

-Size of organisation

-Facts about the client that might affect the project

 

  • FURTHER ANALYSIS

-Pictures

-maps

-graphs

-data

 

  • CONCLUSION (a)

-Aim

-Talk about client and project

-Risks

 

  • ROLE OF A COMMERCIAL MANAGER

-Definition

-Refer to R.I.C.S

-What is expected of a commercial manager

 

  • CONCLUSION (b)
  • Conclude whole assignment
  • In my assignment I started by ….
  • I can confirm that I have addressed the brief of the project by….

 

REFERENCES

  • Books
  • Sources that relate
  • Case studies

To get your Assignment/Homework solutions;

Simply Click ORDER NOW and your paper details. Our support team will review the assignment(s) and assign the right expert whose specialization is same to yours to complete it within your deadline. Our Editor(s) will then review the completed paper (to ensure that it is answered accordingly) before we email you a complete paper 

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