The project will move into the development phase after each of the agreement parties approve and sign off the information of this document. These parties are: firstly, the mullock heap owner which is the government of NSW including Northern NSW, Safeguarding the Environment Dept, and the NSW town of Kempsey (The mayor); secondly, the gold buyer which is the Australian Mint (Mint); Finally, The gold seller which is the company Eastern Gold Pty Limited (Eastern) including the board members, and project team members. According to the short information given by the case study, the Eastern responsible analysts and engineers have investigated this project and determined 15 issues. They have been separated into the following category types: initial model, assumption, and constraint. Initial model issues: the first opened issue in this part is that the owner's name of the Mullock Heap is not given or rather the project manager is not supported by a copy of the actual contract. As its priority has been identified as critical, the expected resolution date-time is detected as soon as possible. The action to resolve this issue is to meet the board members to clarify the situation, otherwise the potential impact is that the project suspension will be assumed. This issue opens many unknown other issues, which may put the project in critical situation, because of lack information. One of these issues is the exact limitation board of the project area, which is the mullock heap, is not determined and needs to be resolved as soon as possible before starting on planning the project life cycle, otherwise the project work will not complete on time. Both NSW and Eastern are responsible to resolve this issue. The project manager will meet the b... ... middle of paper ... ...l. i going to school. Moreover, the system testing needs a schedule time to complete before moving the system to the production process. This takes a time which will be deducted from the project's duration time. The issue is a medium priority and added into the agenda meeting of the project team members to discuss. As a result, the time expected to complete project will be negatively affected. Furthermore, the system does not has any alternative system to replace for incase which could puts the project into a critical situation. The priority of this issue is high because it could delay to project delivery to be on time. Its title is added into the list of agenda meeting with the board members to clarify the finance as the first action. The system issues increase the proportion of our anxious that the complexity of this system is unlikely to be successful.
As project activities are directed and finished, risks components and events will be observed to figure out whether in certainty trigger occasions have happened that would show the risk is currently a reality. In view of trigger occasions that have been reported amid the risk investigation and moderation forms, the project group or project administrators will have the power to order emergency courses of action as esteemed suitable. Everyday risk relief exercises will be instituted and coordinated by the project managers.
The two main issues in this case are the project analysis and financial forecasting. The project should be analyzed before doing the forecasting, because any recommendations on the project will affect financial forecasting for the next two years.
The project is very expensive to establish and maintain because of the infrastructure, skilled labor and facilities proposed for impact mitigation. Currently, the budget for this project is $700-1000 million, assuming there are no unexpected expenses. However, many mining projects have unanticipated adverse effects that incur additional expenses. For example, with the Brule coal mine in British Columbia, unexpected faulting in the mine’s location led to a change in mining techniques to reduce the potential for landslide (InfoMine Inc., 2009). This project is also very technical and requires 350-400 skilled professionals from other provinces, thus, most of the revenue generated will not be recycled within Vanderhoof.
The working document includes repeated references to gravel pit reclamation, including repeated requirements for plans, security de...
The final activity undertaken on any project is a review of its overall success by an independent resource. Success is determined by how well it performed against the defined objectives and conformed to the management processes outlined in the planning phase. To determine performance, a number of questions are posed.
In terms of the whole project the main issues faced were around no changes to project schedule as it is not flexible and project must be completed within 1 year and the scope must be supported and not changed, and it was challenging to find a vendor who could meet these criteria.
...arations needed during implementation of the project while the final phase is meant for overall evaluation.
However, as it correlates to the J. Smith & Associates, risk assessment is vital to get a better understanding of risks associated in this project and what could be there possible impact to the project. Such risk assessment is organized using one risk assessment tool ‘Risk Assessment Matrix’. For this project, risk factors and their probability and impacts are described below:
In the period between this and January 8 when the system was to be finished LAS experienced some internal problems with reduction and restructuring in both budget and staff which led to lack of stability and less satisfying working conditions. The employees were not involved in the development process and there were no training or education provided. At the same time they understood that the system wasn’t working to expectations and that they wouldn’t make time-limit. On basis of this they had to make a new schedule were they divided the remaining work and needed implementation processes into three phases. This break down of implementation structure and rush of implementation led to immediate software errors, equipment failures and other problems. Still they did not prioritized testing of software, and the backup system was not cleared.
Monitoring and reporting was not done very effectively in both projects, there was no structure in place for approval and continued monitoring of the projects to ensure quality of the project was up to
...f project. Furthermore, the successes of a project can be guarantee by identifying the procurement variables that have a major influence on risk management such as project delivery method, form of payment, and the use of collaboration or partnering arrangements. However, many projects suffered from variations in cost affecting in the present which is the risk management was not carried out consistently throughout the project stages. Nevertheless, in the projects with early involvement of the clients and their participation, the chances for open talks and collaboration throughout suitable procurement selection can produce an efficient risk management procedure for the project. While project delivery methods define formal risk allocation, the use of incentives and collaboration or partnering arrangements help to establish a collaborative approach to risk management.
...icient geotechnical investigation for the given development, unrealistic soil performance for given development and development constraints and restriction leading to inappropriate equipment or techniques. Consultant’s design and specifications may impose unrealistic demands on solutions. Client’s brief may fail to convey end usage; insufficient geotechnical investigation could lead to inappropriate design while on site conditions may be different to assumptions or what has been written. On the other hand flawed design and insufficient site preparation may lead to construction of structures which are likely to fail in the near future. Poor methodology and planning practices include: inappropriate or poor choice of equipment, lack of experience and understanding, lack of awareness and consequence of failure, bad workmanship and shortcutting and lack of monitoring,
Technical - A development team is currently contracted in order to assess the existing process and the system being chosen to replace it in the near future.
One of the financial problem is lack of monitoring on the project cost and the cash flow will affected the company financial problems (S. A. Halim et al.,
During planning for an impending project, evaluates for task durations that needed. In order for the plan to be preserved as realistic, most of the time is taken into consideration in order to make sure that accurate estimates are obtained. Accurate assessments offer increased prospects and high-confidence in the mission being completed on time (Mahadevan, p.165). This aspect enables additional safety time past the work content time required to be embedded within the job duration.