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Project Planning and the Twin Towers

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Project Planning and the Twin Towers

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PETRONAS TWIN TOWERS AND THE PROJECT PLANNING CYCLE

PROF. TAN SRI DR. SULAIMAN BIN MAHBOB
KPB3263
PROJECT PLANNING AND DEVELOPMENT

SYAHRUL NIZZAM BIN NORDIN
KLC1080107
OCTOBER 1, 2012

INTRODUCTION
In many developing countries including Malaysia, project planning has been criticized by the World Bank and other organizations for the lack of executing projects, such as delays, corruption, etc. However, project planning is becoming an “increasingly important role in the public administration of developing countries” and “have become critical components of development assistance and basic building blocks in the development process” (Rondinelli 1).

In every project planning, there is a basic process, and this process is called the project planning and management cycle which consists of twelve stages. As many may know, the Petronas Twin Towers is one of the biggest and most successful mega projects in Malaysia, as it helps create a refine image for Kuala Lumpur, increasing attraction for many tourists.

STAGES OF PROJECT PLANNING AND MANAGEMENT CYCLE
1. The first stage of this project planning and management cycle is Project Identification and Definition. In this stage, microanalysis and macro analysis are performed, including set up of immediate and long-range objectives, identification of beneficiary groups or target areas. When Tun Mahathir, Malaysia’s fourth Prime Minister took office, he had a vision to make Malaysia prosperous, through the increase of investments, tourism, manufacturing etc. He wanted to put Malaysia in the world map, and by establishing a high rise office building, preferably one of the tallest in the world, Malaysia would be known. That was the micro and macro analysis. By having foreign investments and investors, with the increase in tourism, it would help with the growth of the Malaysian economy. 2. The second stage is Project Formulation, Preparation, and Feasibility Analysis. In this stage, the location is...