ester $20...$

Case $4$: Construction of a community park

Note to Students: In this case study, you will need to demonstrate your understanding of budgeting principles, budget control techniques, and financing strategies in project management. Use your knowledge to analyze the project requirements, allocate budgets accordingly, and propose effective measures for managing the project's financial aspects. Pay close attention to detail and consider potential challenges that may arise during the project's execution. It is an open book, open notes, open internet assignments. However, you are not allowed to use any tools of $Al$ for this assignments. If I detect such use, I will assign a grade of $0$ for this case study.

$4$

Project Description: You are a project manager tasked with overseeing the construction of a community park in a suburban area. The park is designed to serve as a recreational space for families, with amenities such as playgrounds, walking trails, picnic areas, and sports facilities. The project has a timeline of $12$ months from groundbreaking to completion. The stakeholders include the local government, community members, and various contractors and vendors.

Project Objectives:

Create a safe and attractive recreational space for community members of all ages.

Enhance community well$-$being by providing opportunities for outdoor activities and socialization.

Complete the project within the allocated budget and timeline.

Project Deliverables:

Clearing and grading of the site.

Installation of playground equipment.

Construction of walking trails and paths.

Installation of picnic shelters and benches.

Construction of sports facilities $($e$.$g$.,$ basketball court, soccer field$).$

Landscaping and planting of trees and shrubs.

Installation of lighting and signage.

Final inspection and project handover.

Budgeting and Financing Questions:

Identify Key Budget Items: Based on the project description, outline the key components of the work breakdown structure $($WBS$)$ for building the community park. What are the primary categories of expenses you anticipate?

Assign Budgets: Assign budgets to each item in the WBS$.$ Consider factors such as material costs, labor expenses, equipment rentals, permits, and contingency funds. How do you determine the budget for each