Project Definition Report - Naxxar Sports and Shopping Complex

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DEPARTMENT OF MANAGEMENT

UNIVERSITY OF MALTA

Project Management – Project Definition Report

Naxxar Sports and Shopping Complex

Table of Contents
Preface ............................................................................................................................................ 3 Management Summary .................................................................................................................. 4 Background ..................................................................................................................................... 5 Scope and Objectives ...................................................................................................................... 8 Work Structure.............................................................................................................................. 11 Project Organisation ..................................................................................................................... 13 Project Management System........................................................................................................ 16 Risks and Assumptions .................................................................................................................. 20 Project Budgets ............................................................................................................................. 21 Project Justification ....................................................................................................................... 25 Appendices.................................................................................................................................... 27

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Preface

This document has been prepared for the managing Board of Directors of Vassallo Builders Group Ltd, to support the necessary documentation pertaining to the proposal of the new Naxxar Sports and Shopping Complex.

This report reflects the key elements of this new project undertaking, namely the background information, scope and objectives, project organisation and justification, the work structure, an assessment of the risks involved and other assumptions, and a summary budget of the expected costs and fund inflows. It is important to note that since this document has been prepared in the planning stage of the project, the estimated figures are subject to change and need the necessary approval from the relevant regulatory authorities.

This type of project comes about as a creative concept in Malta – it is unique in the sense that the amalgamation of a Sports and Shopping Complex does not exist locally. Due to the fact that Malta is a small country when compared in geographical terms, this is expected to generate quite some business interest, which will further promote the Vassallo Builders Group name possibly even beyond the local market.

Following consideration by Government and other stakeholders, it is expected that additional information will be provided to the Board in the first quarter of 2013.

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Management Summary

Vassallo Builders Group Ltd is undergoing plans to undertake the building of a Sports and Shopping Complex in Naxxar. This will be the first of its kind for the company; adding two more work experience areas to our portfolio. Since the Sports and Shopping Complex will be owned by the Company, all profits or losses arising from this undertaking are the Group’s responsibility. This project is expected to be a worthwhile investment which will pay off in the medium term due to the large initial cost outlay; but it is one which ensures a constant source of income once the Complex is in full working operation.

The project will be thoroughly assessed and methodically planned out at each stage. The Project Manager will lead the project from start to finish, keeping in mind the 4-year deadline which is intended to be achieved. The Shopping Complex will house over 80 different...
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