The new Greendale baseball stadium, with approximately 47,000 seats, is set to be built. The investors of the new stadium are now looking for well experienced construction companies who would be able to handle this fairly large project. The G&E Company has therefore prepared a bid to build this new stadium. The president of the G&E Company has made calculations that the company could net as much as $2 million if it manages to land this project. To be able to convince the investors of the Greendale stadium, the G&E Company has asked us to set up a well-developed project plan, which will contain vital information about the project, to be able to meet and even exceed the investors’ minimum requirements.
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Project Priority Matrix
First of all, in the Project Priority Matrix of the contract, the G&E Company should focus on constraining the time. The main priority is a satisfied customer. Hence, time is a fixed parameter. Exceeding this will result in major consequences. Time must be constrained and as our critical path later will show, the project could be finished before the expected date of May the 20th, 2014, according to our calculations. Secondly, the performance can be enhanced. This means that besides time, the performance must be optimized over costs. Lastly, the costs of the project have to be accepted by our internal organization as well as the external stakeholder. If trade-offs have to be made, it is permissible to not meet this parameter. This implies that costs can rise above budget. Hence, emphasis lies on completing the project on time, to be able to avoid penalty fees and to ensure the satisfaction of the customer, rather than