Federation Square

2366 Words Apr 4th, 2015 10 Pages
Nathan Worling Z5057106

ZEIT8303 PROJECT MANAGEMENT BODY OF KNOWLEDGE

Federation Square Project

Designed by Donald Bates and Peter Davidson – LAB Architecture Studio

Opened 26th of October 2002 Estimated cost - $473 million

NATHAN WORLING -­‐ Z5057106

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY .................................................................................. 3

2 INTRODUCTION .............................................................................................. 4

3 PROJECT MANAGEMENT KNOWLEDGE AREAS ....................................... 5 3.1 PROJECT SCOPE MANAGEMENT ..................................................... 5
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By analysing these areas it is apparent there are lessons to be learnt when undertaking enormous projects that are exposed to numerous external pressures. Whilst there were many significant negative issues that ascended from this project, it must be emphasised that over due time, Federal Square has developed itself into a cultural epicenter that feeds a thriving city.

ZEIT8303 – PROJECT MANAGEMENT BODY OF KNOWLEDGE

3

NATHAN WORLING -­‐ Z5057106

2 INTRODUCTION

Melbourne’s Federation Square was a Victorian Government initiative that was announced in 1996, with support from Melbourne City Council and the Commonwealth Government. The initial projected cost of the structure was estimated at $110 million, with a completion date of December 2000 (Matters of Public Interest 2003). The final estimated cost was over $470 million, with the official opening occurring in October 2002, even though the construction was not complete (Misiak 2003) (ABC 2003). Being such a high profile, exposed, arduous project, there were many factors that contributed to the various shortfalls over the 6-year timeframe. This report aims to identify key knowledge areas within project management and discuss improvements that could have been made to streamline the task and improve overall continuity.