The Development Phase The scope development covered most of the significant elements of the project, and provided a cost estimate, a schedule, contracts requirements, bid policies, payments, regulations, a risk mitigation plan, a quality standards code, administration systems, employees training systems, communications developments, an environment protection plan, a relocation strategy, and other matters. Due to the detail and time put into the scope development of the project, the World Bank approved a significant amount of funding to implement it. The Guri project was mainly funded by the World Bank and by the Venezuelan government, using World Bank funds (in US dollars) for international currency obligations, and government funding for local currency obligations. Moreower, a significant element that was created to guarantee a project free of corruption was a payment policy, where Edelca was in charge of contracting and supervising the job but it was the bank that submitted the payments to the contractors and the contractors were in charge of paying their employees. The construction of the Guri Dam took 23 years from 1963 to 1986 , divided into two stages referred to as the first stage and the final stage. The most significant dates of the Guri Dam project were (CVG Edelca 1994): The companies and consortia used on the Guri project were selected through a bidding process. Edelca was in charge of the bidding process, the selection process, and the contractor's qualifications evaluation. Considering the significance of this project to the nation and the significant amount of investment in the project, the main concern for CVG and Edelca was the quality of the finished product. Specific contractors' requirements were established to select the potential contractors to work on the project. The main requirements were: - A minimum of five years of operations in the market, - A verifiable evecuted work curriculum, 5 The Gurl Dam - The company's credit line, to ensure their abality to respond for obligations, - The company's quality guarantees. Edelca's risk management plan for the Guri project was based on the grounds of ensuring quality of work, ensuring quality of materials, and recognizing the results of the land and of the Caroni River hydroelectric potential studies. The objective of this risk plan was to reduce risk and other uncertainties. As stated in the project's scope, quality was a significant concem for this project so as to guarantee the investment and provide protection of the environment, high-quality electricity services, and durability of the dam. Therefore, Edelca created the contractors' requirements, and followed up on the work performed making sure that the requirements and specifications were met. As a result, experienced consortia in dam construction and world- leading dam equipenent manufacturers were hired. In addition, the project included a Hydro-meteorological Forecast Center in order to generate and disseminate reliable hydrological, meteorological, and climatological forecasts and studies that would help in preventing and/or reacting to any potential natural threat of the dam. Other than the great hydroelectric potential that the Caroni River presented on the preliminary studies, a significant reason for choosing the site of the Guri Dam was a land report which stated that the areas were free of potential earthquakes. The main teams of the Guri Dam were: - CVG - Edelca - Contractors - Suppliers - Financiers. There were over 70 national and transnational organizations that participated in the development of the project, and two major financiers-The Venexuelan Government and the World Bank. The Guri Dam was built in a remote area which did not have any kind of communications lines installed, such as telephone lines. Therefore, Edelca had to procure its communications services to ensure fast and satisfactory communications between all project team members, which was indispensable for the project's success. A communications service program was integrated into the project, which included vaice communications through the installation of a telephone network central, a mobile radio service that connected the project's operations, construction, guards, administration, and hydrologists, and a Guri Lake VHF system to control the lake's navigation. Assessment and Analysis 1. Please complete your evaluation of project management during this phase, using the following grid: Rating Scale: 5-Excellent, 4-Very Good, 3-Good, 2-Poor, 1-Very Poor. 6 The Guri Da 2. Please highlight the major areas of strength in the management of this phase of the project: 3. Please highlight the major opportunities for improvement in the management of this phase of the project