Question: The journal indicated below describes a national project. Based on the journal, and on your teams understanding of the project, answer the questions below: DOI:
The journal indicated below describes a national project. Based on the journal, and on your teams understanding of the project, answer the questions below:
DOI: 10.1061/(ASCE)CF.1943-5509.0000332
Journal title: "1976 Montreal Olympics: Case Study of Project Management Failure"
1. What was the alternative approach for the project (i.e. if the stadium had not been built, what else could have been done to ensure the olympics still occurred)?
2. Based on (question 1) above, was building the stadium at this location and at this time the best approach to have been chosen? Provide rationale using PV, NPV, IRR, B/C. [1 page] 3. Provide two Level 3 Work Breakdown Structures (WBS) for this project. These two should be the intial (or planned) and final (or actual) WBS. Explain the difference [2 pages] 4. Create one network diagram for the project using the final WBS in (question 3) above [1 page] 5. Use the Level 2 tasks in the final WBS to create one GANTT chart for the project. [1 page] 6. Use the initial and final WBS to create two high-level budgets for the project. These two should be the initial and final budgets. Explain the difference. [2 pages] 7. Using the risk sources, describe three major (broad) categories of risks in the project. 8. Using a table, list at least ten individual risks ranked by severity, and also link each of them to one of the categories in (question 7) above [1 page]
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