Fast Tracking Design And Construction Phases Essay

Fast Tracking Design and Construction Phases. The implementation phase of the Chunnel Tunnel was rife with risks and issues as the project team opted to fast track the design and construction phases of the project (Anbari, et al.,2005, p. 12). Fast tracking is described by the Project Management Institute (2013, p. 540) as a schedule compression technique in which activities or phases normally done in sequence are performed in parallel for at least a portion of their duration. Typically, project teams use this technique in hopes of shortening the delivery timeframe with the knowledge that this approach makes the project susceptible to additional risks (Anbari, et al.,2005, p. 10). The Chunnel Tunnel project team chose to fast track overlap the execution of these two phases due to schedule delays and cost overruns in previous phases. For the project team, compressing the construction time was crucial to ensure that the project objectives would be completed. In time, banks and private investors recognized the incremental risks associated with continuous delays and began weighing in on project decisions to minimize risks (Anbari, et al.,2005, p. 9). Financial stakeholders expected a return on investment (ROI) and the project team allowed them to have too much control when recommending risk mitigation strategies (Anbari, et al.,2005, p. 9). Thus, subcontractor contracts were changes to fixed price contract and later resulted in a contractor claim (Anbari, et al.,2005, p. 9).Show MoreRelatedThe Importance Of Stakeholders Influence Level Interest Level1684 Words   |  7 PagesVA-Land Owner High High Key Player Weekly; Construction and Budget progress updates Email, Meetings, PM software like BIM. Facilitate Construction Activity with no delay Comstock Partners- Building Leasee High High Key Player Weekly; Construction and Budget progress updates Phone, Email, Meetings, PM software like BIM. 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