Wembley Stadium Project Management Strategic Issues Essay

Wembley Stadium Project Management Strategic Issues - Essay ExampleIt increased the shake offed salute to more than double the earlier projections. Especial about the Wembley Stadium is its innovative steel puckish that adds to the stunner of the Stadium. The steel arc also endures weight and wilduces the need for internal support that could have come in the way of viewers sitting in the stadium. The load bearing feature of the arc adds decorum to the sit arrangement. The design of the Wembley Stadium unlike the Sydney Opera House or Guggenheim Bilbao was not immature but still included a design element in the arch that was innovative, leaving no scope to wedge to best practice techniques such as reference class forecasting as there ar no past figures to depend upon, being the novel concept. This absence of historical example is many-a-times a red flag in perfect project planning (Strategicppm, 2011).The Wembley Stadium project was contracted to the lowest dictation compan y, which developed a situation similar to winners curse in measuring the cost of the project belligerently. Project cost hiked 36% in between the time of the bid acceptance and sign language of contract (Strategicppm, 2011).The Wembley Stadium occupies a distinct place in the event and entertainment industry planetary and particularly in the history of the UK. The Wembley Stadium has been a host to a number of global events in the 20th century, which included a chain of prima(p) park, theatre and funfair events the like of the 1924 British pudding stone Exhibition, the 1934 Empire Games, the 1948 Summer Olympics, the 1996 World Cup Finals, the 1978 Eurovision Song Contest, the 1996 European Championships and many other events organised in between (Quintain, 2004). The stadium was razed in 2002 to be reconstructed in 2006 to a 90,000-seating capacity stadium. The new ?757 million Wembley Stadium (NAO, 2003) is now about thrice as big to its earlier size with its arch positioning 1 40 metres extended from its concourse, which is huge enough to be looked over by the whole of capital of the United Kingdom (Quintain, 2004). The major difference visible is of the arc that replaced the twin towers, the symbol of the stadium. The new Wembley National Stadium every bit justifies the fame of the icon it used to be like the old Wembley Stadium (SPG, 2008a). Though a hot deal followed with the razing of the historic twin towers, but it is highly commendable that the final settlement for constructing an arc was welcomed with uproar. The project got initiated in 1996, by raising a hue and cry for a new English depicted object stadium. Soon after holding the national competitions, Sport England decided with a majority Wembley as the to the highest degree desired location (House of Commons, 2004). The mission of the Sport England was to back the creation of an iconic stadium for three leading sports namely, football, rugger league and athletics (NAO, 2003). The major us e of the Wembley national stadium was planned for football and rugby league (NAO, 2003). It was earmarked that after five years of the stadiums functioning, 1% of its yearly turnover would be donated by WNSL for the training of sports education and other projects (NAO, 2003). 2. Analysis of the Reasons of Delays or Cost Increase during the Project The