The Birds Nest Stadium

1840 WordsMay 6, 20178 Pages
1.0 Project Description The Beijing National Stadium, better known as the Birds Nest Stadium is a sporting facility which was purposefully built for the Beijing Olympic Games in 2008. This stadium is known for using tonnes of steel (up to 42,000 tonnes) to produce a stadium that resembles a Birds Nest as shown in the figure below (Bell,2017). Figure 1- Birds Nest Stadium (Bell,2017) The stadium could fit up to 91,000 people inside and clever design by the architectural firm Herzog & de Meuron allowed for this stadium to go down as one of the architectural wonders of the world (Bell,2017). The project began in October of 2002 with an invitation for bidders opened by the BDPC which allowed for companies to submit tender prices for the…show more content…
Other inputs to the estimate include Human Resource Plan, Risk Register and Organisational Process Assets (Peebles,2017). All these inputs that the CITIC consortium used would help formulate the estimation of cost that would be supplied in the tender process to the BDPC. 2.2 Tools and Techniques Using the inputs above combined with specialised tools and techniques, the CITIC Consortium came up with an outputted estimated cost to submit for the tender. These tools are as follows. High quality personnel were trained for estimates and the company (CITIC Consortium) had a finance department used for estimating projects (Chinyere,2013). This team was used throughout the whole project and because of their background in estimating, this meant that they had expert judgement on what activities could be done and for what price. Other techniques the team used include computer software which could generate estimates on prices using historical information and previous projects that the team had done (Chinyere, 2013). In regards to project cost management theory, analogous estimating and parametric estimating are seen to be better so using these might have given the company a better estimate on the Birds Nest Stadium project (Hueber, 2015). 2.3 Outputs Inputs and tools/techniques are used to come up with an
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