The Smart-Grid Revolution Starts in Boulder, Colorado Why do you imagine Xcel agreed to invest $100 million in this risky experiment? One of the benefits of investing in this $100 million project includes rerouting power around bottlenecked lines. This allows Xcel Energy to deliver electricity to areas in Boulder that have a very high demand that the previous conventional electrical grid was unable to service effectively. This smart-grid system also enables Xcel Energy to detect and reduce power outages, identify false alarms more quickly and read customer meters remotely. This in return will lead to a reduction in the number of times the service crews are sent out to those locations, thus making the service crews more productive. …show more content…
The start date of construction was noted as May 2008 and although there was a delay due to re-designing the roof, the text ends by stating that the project was still on track to be completed by mid-2011. Therefore, Schedule is the triple constraint uppermost here. The design team for the 2012 Olympics Stadium planned a highly-compact field of play requiring a steel-beamed roof and on discovering that the steel-beamed roof as designed would create turbulence on the compact field, a lighter, more flexible roof was redesigned, which was made in part from recycled materials. This roof required less steel and cost less than the initial steel-beamed roof designed. Thus, Crockford traded between the Scope (Required Deliverables) and the Cost (Budget limit). Was the life cycle for this project S-shaped, J-shaped, or something else? Considering just the purpose of the river dredging as a project itself, what was the shape of its life cycle? The completion of London’s 2012 Olympic Stadium consisted of selecting the project team (consisting of over 1000 members), cleaning up the chosen site, design of the stadium, construction, delays and finally construction until completion. Therefore, the project life-cycle most likely followed a stretched S-shape curve similar to housing construction projects. The S-shaped curve is categorized by a slow start, followed by a quick build-up and a slow finish. This is a result of the changing levels of
SC Construction has asked you to produce an annotated flow diagram that identifies the different stages of the construction process required to build the nursery.
A project is a temporary endeavour that creates a unique result. Time, budget, resources, and performance specifications, to meet requirements made by stakeholders, limit a project (Project Management Institute, 2013, pg.3). Project management is the application of tools, techniques, and knowledge to help achieve the three main constraints of scope, cost and time (Project Management Institute, 2013, pg.5). This applies managerial process and gives project managers the opportunity to make a project successful. However, there are still numbers of project failures both big and small projects. This failure does not only affect finances but also demoralizes employees who have laboured diligently to complete the work. The case of Wembley Stadium project failure will be analyzed in this paper to illustrate project management difficulties a project can encounter if appropriate tools and techniques are not successfully developed, implemented, and evaluated within the project management processes. The major problems concerning the Wembley Stadium project were scope, time, cost, quality, and stakeholder issues (Carter, 2002). However, this paper would be focusing on scope, time and cost issues. The format of this paper will include the project analysis, which will provide brief description of the Wembley stadium project, and main reasons why the project failed. This will be followed by the analysis of how the issue of the project failure is related to project management knowledge
This document serves the purpose of critically analysing the differences that exist between managing construction projects and I.T Projects
592 Week 1 DQ 1 WBS Construction PROJ 592 Week 1 DQ 2 Project Cost Estimates and Assumptions PROJ 592 Week 2 DQ 1 Cost Components PROJ 592 Week 2 DQ 2 Estimating Processes PROJ 592 Week 3 DQ 1 Project Schedules PROJ 592 Week 3 DQ 2 Sensitivity Analysis PROJ 592 Week 4 DQ 1 Resource Allocation and Leveling PROJ 592 Week 4 DQ 2 Advanced Schedule Techniques PROJ 592 Week 5 DQ 1 Earned Value Calculation PROJ 592 Week 5 DQ 2 Project Monitoring and Control & EV PROJ 592 Week 6 DQ 1 Forecasting Project Completion Cost PROJ 592 Week 6 DQ 2 Project Control PROJ 592
Over the past few years, the construction industry has been changing dramatically. One of the most important stages in the construction management and business management is the planning phase. They share similar two main levels of planning which are the strategic and operational planning. However, business management planning to decide in advance what should be done, and how to do it, when you do and you are done. On the other hand, Construction management strategic planning is to deal with selection on a high level of overall objective of the project, including the scope, procurement methods, schedules and financing options but the planning of operations, including the
Xcel Energy is a leading electric and natural gas utility. Xcel Energy is an end to end provider of electricity. Electricity is provided from generation, to high voltage transmission, to distribution, to customer’s homes and businesses. Xcel Energy provides energy-related products and services to 3.3 million electric and 1.8 million natural gas customers. With regulated operations in eight states; Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin, revenues are more than $9 billion annually for the employer of 12,000. A commitment to the environment is vital to the core business practices of Xcel Energy. This strong environment focus
Peter has also designed the stadium to have a retractable roof that can open or close in 15
The aim of the Wembley Stadium project was to build a new 90,000 seat state of art stadium. The new stadium was going to be used for a variety of functions ranging from football and rugby matches to concerts and private events. The stadium was to have a 50-year design life, and be both functional and architecturally significant. In addition, it was essential that the stadium allowed as much daylight and ventilation to reach the pitch as possible. A main goal was to have the build achieve UEFA five-star stadium status. The project was to be funded by a combination of state (National Lottery Fund) and private investment.
Our society today is ever more dependent upon electricity in all aspects of life. Keeping the power infrastructure throughout the United States secure and functioning properly should be considered a high priority for both private sector and government. Lacking properly functioning power caused by an outage has widespread impact not just on common conveniences being unavailable but also on critical areas such as emergency services, transportation, water distribution, communication and food production and storage.
During 2015 the Miami Dolphins organization will begin comprehensive renovations and major design augmentations to Sun Life stadium, including an innovative roof design requiring several years to complete. The original stadium, build by then-owner of the original Dolphins franchise, Joe Robbie, completed almost 30 years ago and never had a roof whatsoever. Due to the extensive nature of this construction, it is essential that its accessibility remain unimpeded during football season for both the Dolphins and Miami Hurricanes football teams. There is simply no alternative sites. Consequently, when project timetables and calendars literally compete for the same functionality they serve, they must logically partition in order that each section wholly completes to avoid interfering with the operation it seeks to support. In essence, this illustrates a multiple phased project where each phase is really a completed [preliminary] objective or [major] milestone with a specific and completely inflexible schedule as a result of the imposition of NFL and NCAA
To be selected to host the the Olympic games, a city must have a full array of event venues. From stadiums, swim pools to golf courts and equestrian centers, these facilities which construction workers spent years building were in the limelight for a couple weeks, but then what happens?
As mentioned earlier, it was not an easy job to estimate and control the cost of the Games, Armitt and his team had to check the expenditures every day. The cost of many infrastructures, such as stadium had doubled from the previous estimation. The stadium was original bid at £280 million, but the final cost was £496 million. And the cost of the Aquatics Centre had a massive increase up to more than doubled from the original bid. These budget estimation gaps happened because the team rushed to get the proposal done before the deadline, in order to submit to the IOC. They wanted their proposal to receive more attention than the other potential host cities’ proposal.
Since the early stages, the project was inundated with concerns and issues with the project scope. From the perspective of project management, the initial scope was not defined well enough. Details of the design were over looked and aspects such as the details of the air conditioning ended up increasing the original scope by $200 million. This supposedly led a prosperous project to an uncertain economic ordeal. Initial estimates of the project had been $5.5 billion and by the time of its actual completion it been delayed by a year and increased to $15
“Distributed renewables and smart grid technologies are the future. We’re challenging the energy industry and reinventing how things are done. We’ve built Piclo - an online Peer-to-Peer Energy Marketplace that lets people buy and sell energy directly.” (Openutility.com, 2016)
With the rapid change of the world, thought of management, theory and practise keeps on changing. It has been transformed through innovation. Taking into consideration the uncertainty surrounding the construction industry, it is essential paying attention to how people work within an organisation that has set goals that needs to be achieved. To be able to achieve these objectives, it is necessary to understand management relating issues such as culture, motivation, leadership and issues relating like coordinating, planning and controlling. Understanding the way people and organisations work is very vital when it comes to the built environment. As a Quantity Surveyor some of my duties are to deals with people, technical