Project Management F1 Circuit

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  • Topic: Formula One, Auto racing, Formula One car
  • Pages : 13 (4915 words )
  • Download(s) : 197
  • Published : March 6, 2013
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Buddh International Circuit |
PJM Project|
|

Roland 12FRN-244 Benjamin 12FRN-245
Table of Contents

1. Formula 1 As a Sport………………………………………………………………2

2. History of Formula 1 Race in India…...…………………………………………..3

3. Buddh International Circuit & Purpose of Project………………………………5

4. Project Plan…………………………………………………………………………6

5. Project Execution and Benefits…………………………………………………….9

6. Cost Estimate and Cost Benefit Analysis……………………………………………...11

7. Execution Period, Problems during Execution…………………………………..12

8. Cost and Time Overrun and Conclusion…………………………………………14

9. References…………………………………………………………………………..15

I/ Formula 1 As a Sport
There are many games and sports in the world. Certain sports re limited to the geographical boundaries of a country while some gradually spread their wings beyond the borders of a country and reach several other important parts of the world. Then there are certain games like cricket, hockey, football etc. which gain fame at international levels. 

Games and sports bring fame to the countries where they are played. The players associated with certain games make their countries' name popular along with their individual names by their excellent and superb performance in the games and sports they participate. Formula 1 car races are no exception this rule. So far India, the world's second largest populous country was not on the map of motor sports. With the news of Formula 1 race to be held in India spreading around, the motorsports lovers all over the world have started looking towards India.  

If this sports event would had been held a decade ago when the electronic media had not become very popular in the world, perhaps the hype about the holding of Formula 1 races being held in India would not have reached the crescendo as it has done now, when all news channels have been airing the news of the event and have been discussing it over allotting the time specially for its discussion. The popularity of the internet has made the discussion diverse and world-wide through social networking sites like Facebook, twitter, Orkut, Diggs etc. Sports websites and the other educational websites like the India study Channel have played very important role in bringing the world together in discussions relating to the sports event Formula 1 race in India which none would have thought a decade or two ago.

II/ History of Formula 1 race in India
India has been experiencing a growing economy for the past several years. The country has shown a tremendous growth in industrial development. The growth in industrial sectors like the automobiles, air transport, and communication is very important for a sports event of the Formula1 type to take birth in India. Since the development of tracks for the race is a crucial factor, the involvement of some business magnates is inevitable for the sports event to develop in India. The name of Vijay Mallya, the CEO of Kingfisher and the co-owner of Sahara Force India team, cannot be separated from Formula 1 motor sports event to be conducted in India.

For the motor sports to develop in India, the government of a poverty stricken country could not be expected to support this event requiring crores of rupees but for the private industrial houses who could invest in the sports and also sustain the event in future. "It all started 15 years ago when F1 supremo Bernie Ecclestone accepted liquor baron Vijay Mallya's invitation to visit India. Landing in Mallya's Mumbai residence, Bernie was to set out on a tour of North India on Mallya's private jet. But the multimillionaire's wife Slavica expressed a desire to explore the country by...
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