The Olympic Games are the leading worldwide sport event that held every 4 years, featuring thousands of international athletes from more than 200 nations participating in a variety of sports competitions. Although the Games are about winning the sports competitions, they also provide a platform for the nations throughout the world to learn different cultures and share uniqueness. The Games are important, and have to be held because they transmit a message of friendship and peaceful between nations.
In 2005, the International Olympic Committee (IOC) announced to the world that London would host the next Olympic Games in 2012, after the Beijing Games, which was held in 2008. It was estimated that the Olympic Games 2012 would involve more than 11,000 athletes and officials, 1 million visitors from around the world, and 4 billion television audiences, or more. Therefore, it was important to ensure that the Games preparations were ready on time, delivered high standard sports facilities to the sports professionals while controlled spending within budget.
Being a mega international event, London Olympic Games 2012 must be delivered successfully. This pro...
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...ore the Games, after the constructions were completed and testing of the sports facilities finished. The chairman of the ODA, John Armitt explained that the budget amount was just an estimation, with a 20% uncertainty of being the final cost.
Table 2: London Olympic Games 2012 Budget
Costs and Provision £m Public funding available £m
ODA costs Government 5,975
ODA core Olympic costs 3,081
National Lottery 2,175
Infrastructure & Regeneration 1,673
Contingency( excluding tax) 500 Greater London Authority 925
Total( net of tax) 5,254
London Development Agency 250
Other Non ODA 388
Police & Security 600
Tax on ODA costs 836
General contingency( including tax) 2,247
Grand total 9,325 Grand total 9,325
Dodd & Sathasivam(2010), Mega-project management: A case study of the London Olympic Games 2012
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