christina-wocintechchat

YOUR PROJECT MANAGEMENT GUIDE TO THE RUSSIA 2018 FIFA WORLD CUP

by with No Comment CreativeUpdates

WATCHING RUSSIA 2018- Project Management things to look out for in a FIFA World Cup Tournament?

A commentator describes the world cup as a “short and intense” sporting event project. This year’s tournament in Russia involves thirty-two (32) national teams competing through a total of 64 matches across 12 venues located in 11 cities over a one-month duration (June 14-July 15, 2018).

Like projects, The World Cup is a series of inter-linked activities with a fixed time limit, using up accumulated capital and human resources. Russia is estimated to have spent about $20 billion dollars on public work projects and retouching stadia for this particular edition. Participating nations target some objectives (usually winning the trophy on the sporting side or just national pride/diplomatic points) and the hosts will normally expect a Return On Investment –ROI to flow in during and after the tournament.

 ADOBE’S BEHANCE RUSSIA 2018 STADIA COLLECTION FOR THE PROJECT MANAGER

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Squad performance & Kits : A Picture of National Project Management Maturity

How countries organize their teams for participation in world cup events is definitely a measure of how project savvy a nation is.The Project Management(PM) maturity of a country can be seen in anything from the quality of the sports kits ordered, the remuneration package for the team, the breadth of players selected as alternatives for playing positions, coaching strategies deployed during a keenly contested match and of course how colorful and creative the fans are !

 

 

Multiplier Effects

A World Cup project usually has typical multiplier effect on sectors such as the construction, tourism, travel and transportation, arts &crafts/clothing, broadcast media and entertainment.

Some past World Cup hosting bids were met with protests in some nations because in the eyes of dissenting opinion the math on the economic impact didn’t tie up

 

Sustainability/ROI

This is the picture of the Maracana Stadium built for the last FIFA World Cup held in Brazil in 2014- The real Project Management test for a world cup event.After the noisy fans are gone and the pitches are silent, what happens to the state of art stadium that cost billions of dollars? It is at this point that the real Return On Investments is best calculated. The whole project design also comes under the knife for its soundness. Some countries like the USA did not build stadia from the scratch for the FIFA World Cup she hosted in 1994. Existing American football ( or baseball pitches???) were merely reassembled for the 1994 FIFA World Cup and converted  back to their former uses once the tournament was over.

So, When You viewing Russia 2018, Put On a Project Management Cap!

christina-wocintechchat

MALAYSIA MH370-OCEAN INFINITY DEAL: The Performance Contract Model For Getting Efficient Value On Your Project Costs ?

by with No Comment insights

The most exciting breakout project deal of the year 2018 has been the agreement to resume the search of the missing Malaysian MH370 plane by Ocean Infinity, a private American Tech company. This deal will catch the attention of any project manager looking for efficient ways of controlling cost and execution rate on a project.

 

 

 Here are the key facts of the Maylasia MH370-Ocean Infinity Aircraft debris Recovery Project: 

Key Features of the MH370-Infinity Ocean Agreement

 

Ocean Infinity, which deploys Autonomous Underwater Vehicles (AUVs)- a kind of new technology in seabed exploration, will get paid in this arrangement on a sliding scale:

$20 Million = If the debris field, cockpit voice recorder or flight recorder are found within the first 5,000 sq km searched.

$70 Million = If the listed items are found outside the initial 25,000 sq km area searched.

 

IN WHICH  SETTINGS CAN YOU USE A PERFORMANCE CONTRACT?

Malaysia’s deal with Ocean Infinity agreement is a textbook example of a performance contract; which emphasizes payment per phase/results. The cost control strategy of the performance contract will come in handy for you if you are a project owner or project manager planning, designing or managing a project with the following kinds of features:

 

  • A Venture project: In an untested market especially with a new application/technology where results have not been proven. The MalaysiaMH370-Ocean Infinity debris search project is a good example. This is the first time Autonomous Underwater Vehicle (AUV) technology to be deployed by Ocean Infinity will be so used.

 

  • Critical public infrastructure/utility: Where it is important to have good ROI- Return and Value for money. Public Private Partnerships can really benefit from this because of the strong need for future performance, ensuring quality and a strong maintenance regime especially in economies like Nigeria where serious issues like mismanagement are a challenge.

 

  • High Risk Environment: A performance contract can be used to drive a project towards a higher achievement rate; especially in an environment or terrain with economic and natural hazards where it will be unsafe to tie down resources to unpredictable output. One can also get better value for money by paying per project phase as visible results roll in. This works well especially if you are operating a lean purse. Technology development, product trials, market penetration projects across various sectors are very qualified for this.

 

Developing Your Project Plan/ Portfolio, use our P.A.S.S Boost services at PasSolutions to get the design/ arrangement perfect for your projects. Contact: info@passolutions.com.ng / akino@passolutions.com.ng