Explain the Inputs and tools and techniques for determine budget with an example of London eye project and burj khalifa
Answers
The London Eye is the huge project that was designed by architectures David Marks and Julia Barfield, its purpose to represent modern architectural design and engineering of the first of the millennium century (Tim and Ian, 2000). The London eye was the tallest Ferris wheel in the world by height 135 meters, after success, with Star of Nanchang in 2006, Singapore Flyer in 2008 and High Roller in 2014 in order. The construction of London Eye used 16 months to finish in order to celebrated of the year 2000, London Eye also knows as the Millennium Wheel. In the first year of operation, number of visitors approximately was 3.2 millions, hence this becomes more popular of attracting visitors in the United Kingdom. The production cost of the London Eye is 75 million pounds and took 50 percent of time less than normal to finish the project (Marks Barfield, 2014). This makes London Eye is one of the most interested project to measure and examined in the process of project management.
A project must have three variables that can estimate certain time of the project, limited by budget and meet quality requirement (Lester, 2007). Characteristics in process of construction London Eye can be evaluated as the project, because of the constrains from budget and time, no repetition of construction, requirement of a variety of skill and experience expertise involve. From all of these characteristics summarize that the London Eye is classified as a project. The scope of this paper study is to investigate two aspects, which are stakeholders management, project planning and scheduling that make London Eye become a successful project. However, it is essentially that we have to understand the background of the project first, in order to understand the process.