Premium Essay

Indoor Theme Park

In:

Submitted By venkeer
Words 2572
Pages 11
Keller Graduate School of Management [pic]

GM 592: Project Cost and Schedule Control Course Project Part 2- Theme Park Project

Instructor: James Erickson

Prepared by: Venkata Kumaran (Kumaran.venkata@gmail.com)

Date: 15-APR-2011 [pic]

TABLE OF CONTENTS

1.0 Introduction 2 2.0 Executive Summary 2 3.0 Schedule 1 3 4.0 Performance Analysis 5 4.1 Performance Analysis (Cost) 5 4.2 Performance Analysis (Schedule) 6 5.0 Estimate at Completion 8 6.0 Control Plan 9 7.0 Revised Estimate at Completion 10 8.0 Schedule 2 10 9.0 Conclusion 12 10.0 References 12 11.0 Attachments 12

Introduction

The new indoor theme park project is initially planned for duration of 180 Days with a start date of Apr 14, 2008. The actual initial planned cost was $4,846,920. The theme park attraction includes Ferris wheel, Bowling alley, Climbing wall, Carousel, Go Cart and mini golf. The project is broken into 3 levels and has various tasks. The final walk through is scheduled on Dec 18, 2008 with a grand opening on Dec 19th. The report is prepared to analyze the schedule and cost of the Indoor theme park project. The provided project information/data was used to create the project schedule which represents the project at a specific point during implementation. The Microsoft Project is used to serve as the tool to perform the project monitoring and control. The MS Project was also used to calculate the Earned Value Analysis. The output of the analysis, combined with a control plan, will be used to support the continuation of the project.

Executive Summary

The indoor theme park project is almost 5 months since inception and only 40% of the tasks are complete. The Actual cost is not provided so we can assume that

Similar Documents

Premium Essay

Indoor Theme Park Project

...2 Indoor Theme Park Project Executive Summary As we continue our project we need to look at where we are in order to determine where we are going. Currently our total project costs are $4,644,920.00 which is above our original baseline cost of $4,449,920.00 due to unforeseen increases in material costs. This $195,000 dollar increase in fixed costs has not placed a significant setback in our projects bottom line. We are currently half way through our project with 40% of our goals completed. Even though we are currently behind schedule by ($565,266.07) we will be able to make up the time and still finish our project by the date of 12/19/2008. We have our new estimate at completion of $5,039,790.43 and with the proper adjustments to our schedule we will be able to pull our completion date back into line. We should be able to keep the costs in line if not improve upon them by keeping a tighter day to day track of our progress and adding additional resources to tasks and shorten their duration. Overall this project is still within a margin of acceptance and will be operational and complete for its grand opening. Task Name | Fixed Cost | Fixed Cost Accrual | Total Cost | Baseline | Variance | Actual | Remaining | Theme Park Project | $0.00 | Prorated | $4,644,920.00 | $4,449,920.00 | $195,000.00 | $1,230,683.00 | $3,414,237.00 | Task Name | % Complete | Planned Value - PV (BCWS) | Earned Value - EV (BCWP) | AC (ACWP) | SV | CV | EAC | BAC | VAC | Theme Park Project...

Words: 2997 - Pages: 12

Premium Essay

Cp-3 Indoor Theme Park

...CP-2 Indoor Theme Park Project October 5, 2011 Project Cost and Schedule Control, PM 592 Introduction The new indoor theme park project was initially planned for duration of 180 Days with a start date of April 14, 2008. The preliminary cost was $4,846,920.   The indoor theme park attraction includes a Ferris Wheel, Ropes Course, Climbing Wall, Carousel, Bowling Alley, Go Carts and Mini Golf.  The final walk through is scheduled on December 18, 2008 with a grand opening on December 19, 2008.       This report has been prepared to evaluate the cost and schedule of the indoor theme park project. The project data was utilized to produce a project schedule representing the project at a specific point during implementation. Microsoft Project is the tool selected to perform the project monitoring and control. Executive Summary       It has been nearly 5 months since the commencement of the indoor theme park project and 40% of the tasks are complete. The AC (Actual Cost) is not provided so it is presumed that costs are in control and there are no plans to take corrective actions to control costs at this point in time.       There are many tasks behind schedule. The entire project is behind schedule with a Performance Index of 0.68. This indicates that for every $1 spent on this project there is only an efficiency of $0.68 value.   There are corrective actions that can be implemented to turn this...

Words: 3831 - Pages: 16

Free Essay

Enchanted Kingdom

...ANALYSIS SWOT ANALYSIS Strengths • It is the pioneer theme park in the country boasting seven fantastic theme zones and imported rides and attractions. • Aside from its 21 rides and attractions, all of which are imported from the United States, Germany, and Japan, there was a wide variety of food outlets, specialty shops, and video game centers in Enchanted Kingdom. • Enchanted Kingdom has some musical entertainment too. Visitors could also swing to the beat of live-wire musical entertainment from popular guest bands and in-house bands, performing regularly at the bandstand. • To cap the magical experience, there was also a spectacular fireworks display every weekend which gives them an edge among competitors. • It is accredited by the International Theme Park Inc. • All its crew members received “service” training from Disney, USA. • Its 16.6 hectare land was not only spacious but also accessible. Weaknesses • EK cannot add new rides and attractions to maintain the charm and to sustain the viability of the theme park because of tight financing and weak demand. • Theme parks are easily affected by economic conditions. • Enchanted Kingdom and other theme parks experience seasonal demands. Opportunities • Despite the high admission price and with barely two years from its public launching, Enchanted Kingdom enjoyed healthy attendance. Therefore, they have an opportunity to further improve their theme park since it is shown that people are willing to pay. Threats ...

Words: 2386 - Pages: 10

Free Essay

Memo School Trip

...On the morning of March 15th, 2013 at 7:00 am students taking part in this class trips are advised to have their parents/guardian drop them off at the Royal Bahamas Airport where they will be greeted by the class trip chaperone Mr. Higgs and Ms. McCartney both the schools guidance counsellors. After this students will board flight 29 at 8:00 am and are set to arrive in Orland at 9:00 am , then shuttled to Universal Studios where they will escorted to the Continental Inn and checked in by their chaperones. After students are situated in their various rooms, they will be taken for lunch at MacDonald’s fast food restaurant and they will also be taken to the theme park to ride various attractions. On day 2 students will be served breakfast at the hotel buffet and then swiftly whisked off for another day at the theme park to engage in the many attractions. Students will also have the option to stay back at the hotel to relax or even given the opportunity to leave Universal studios to go shopping at the nearby mall Sal grass Mills. Since this is only the beginning of February the full schedule of this trip is not yet available but will be made available shortly. P.S. Things mentioned in this memo are subject to...

Words: 288 - Pages: 2

Premium Essay

Project

...Project Proposal Michael Ball I am proposing a new indoor theme park to be built in Westchester County that would be opened year round even during the cold winter months.  This theme park would have similar rides that an outdoor theme park would have such as roller coasters and a ferris wheel. Patron The person who will be funding this project is Westchester County executive Rob Astorino.  I believe he would be willing to fund this project because he has signed agreements to help keep Playland, Westchester’s outdoor amusement park, in business. Population Families who live in Westchester County will benefit from this project.  While Playland and other outdoor amusement parks are only open during the warmer months, this indoor amusement park will be open year round no matter what the weather is.  It will be open every day except for Christmas and Thanksgiving. Both parents and kids can visit the park after work or school or on the weekends. It will have the same features as an outdoor theme park, just indoors. Problem The main problem for this project is finding space and land in westchester to build an indoor theme park.  Another potential problem is attracting enough customers to remain in business as well as having enough employees working at the theme park. Paradigm In order for this project to be successful, I would do some research on other indoor theme parks around the country and see which ones have been popular and why.  I also believe we should conduct surveys and...

Words: 429 - Pages: 2

Free Essay

Cp-2

...Course: PM 592 Assignment: Course Project CP-1 Executive Summary Totally Amused, Inc, is a hotel and water theme park innovator which burst into the amusement industry only 10 years ago and has made several big splashes with successful property/facility introductions in multiple states since then. However, the amusement park industry is extremely competitive, so each new venue is built bigger and better than the next to maximize customer enjoyment and park ticket sales. Totally Amused is looking to take its current indoor and outdoor water park locations to the next level, venturing into an area that is not all too familiar. Management is considering a big move into the indoor theme park market. Although water parks and traditional theme parks have their similarities, they have many differences. The project consists of a new 100,000 sq. ft. building which will annex onto one side of an existing building. The indoor facility will feature a first-of-its-kind two-level go kart track, a six-story Ferris wheel (enclosed in glass), 24 lanes of bowling, mini golf, a four-story rope course, and scores of arcade games. Although this new venture sounds like a walk in the park, an important decision is at hand! The project has reached the 50% scheduled completion stage and a control evaluation is being undertaken to analyze the performance of the project and to recommend corrective measures to support the continuation of the project. The project, which commenced on April 4, 2008...

Words: 2237 - Pages: 9

Premium Essay

Indoor Theme Pak

...Running Header: Indoor Theme Park Project CP-2 Indoor Theme Park Project October 5, 2011 Project Cost and Schedule Control, PM 592 Introduction The new indoor theme park project was initially planned for duration of 180 Days with a start date of April 14, 2008. The preliminary cost was $4,846,920. The indoor theme park attraction includes a Ferris Running Header: Indoor Theme Park Project Wheel, Ropes Course, Climbing Wall, Carousel, Bowling Alley, Go Carts and Mini Golf. The final walk through is scheduled on December 18, 2008 with a grand opening on December 19, 2008. This report has been prepared to evaluate the cost and schedule of the indoor theme park project. The project data was utilized to produce a project schedule representing the project at a specific point during implementation. Microsoft Project is the tool selected to perform the project monitoring and control. Executive Summary It has been nearly 5 months since the commencement of the indoor theme park project and 40% of the tasks are complete. The AC (Actual Cost) is not provided so it is presumed that costs are in control and there are no plans to take corrective actions to control costs at this point in time. There are many tasks behind schedule. The entire project is behind schedule with a Performance Index of 0.68. This indicates that for every $1 spent on this project there is only an efficiency of $0.68 value. There are corrective actions that can be implemented to turn this project around and...

Words: 3921 - Pages: 16

Premium Essay

Project Cost and Schedule Control

...INTENTIONALLY LEFT BLANK TABLE OF CONTENTS Executive Summary Schedule 0 Schedule 1 Performance Analysis Estimate at Completion Cost and Schedule Control Plan Revised Estimate at completion Schedule 2 Conclusion Executive Summary The new indoor theme park project is initially planned for duration of 180 Days with a start date of Apr 14, 2008. The actual initial planned cost was $4,846,920. The theme park attraction includes Ferris wheel, Bowling alley, Climbing wall, Carousel, Go Cart and mini golf. The project is broken into 3 levels and has various tasks. The final walk through is scheduled on Dec 18, 2008 with a grand opening on Dec 19th. The report is prepared to analyze the schedule and cost of the Indoor theme park project. The provided project information/data was used to create the project schedule which represents the project at a specific point during implementation. The Microsoft Project is used to serve as the tool to perform the project monitoring and control. The MS Project was also used to calculate the Earned Value Analysis. The output of the analysis, combined with a control plan, will be used to support the continuation of the project. The indoor theme park project is almost 5 months since inception and only 40% of the tasks are complete. The Actual cost is not provided so we can assume that costs are in control so we are not planning to take any corrective actions to control costs. Schedule...

Words: 259 - Pages: 2

Premium Essay

Theme Park

...Theme parks are location for the enjoyment of large number of people. Theme parks are places with attractions made up of rides and shows. Hong Kong Disney land, Genting Highlands Park and Sunway Lagoon Theme parks are famous theme parks in Asia. Hong Kong Disney land is located in Penny’s Bay, Lantau Island. It was opened on 12 September 2005. This theme park can be said like the Walt Disney world becomes a reality. There are five theme areas such as Main Street, Adventure Land, Fantasy Land, Tomorrow Land and Toy Story Land. Tourists may have a wonderful day as there are day time parade and night time firework show in the theme park. Needless to say, children definitely love this place and the teenagers and adults can recall their childhood’s memories here. Genting Highlands Theme Park is a hill theme park which located in Kuala Lumpur, Malaysia. The whether there is cold but comfortable due to the landscape. The theme park id divided into indoor and outdoor zones. There are numerous attractions in the theme park. There are flying coaster, sky venture, haunted house and so forth. The most popular place in Genting Highlands Theme Park is the Snow World. Tourists can experience winter wonderland there. By the way, Genting Skyway is the longest in Asia. Tourists can take a look on the view of tropical rain forest during the ride in the cable car. Sunway Lagoon Theme Park is located in Petaling Jaya. It includes a total of five different zones – the water park, Scream Park...

Words: 369 - Pages: 2

Free Essay

My Role Model

...& 27TH may, 02nd june 2013 with compulsory super star viRgo FOR 02 NiGhTS / 03 dAYS. DEPARTURE DATES: 23rd & 30th april, 07th, 14th, 21st & 28th may 2013 without cruise. |DAY |ITINERARY |NIGHT STAY |MEALS | |DAY 01: |MUMBAI – BANGKOK – PATTAYA – PATTAYA PARK TOWER JUMP: |PATTAYA |Supper on board, | | |Today is the day you depart to begin your summer holidays with us. Tour passengers are requested to report 03 Hours| |Packed Lunch & | | |before the scheduled flight at Mumbai Chhatrapati Shivaji International Airport. Arrive at Bangkok in the | |Dinner | | |afternoon. Upon arrival you shall be served with a packed lunch and transferred to Pattaya. Check in at the hotel. | | | | |Evening proceed for The Pattaya Park, to enjoy the famous Pattaya Tower jump, as good as Bungee Jumping from a 50 | | | | |storey high building. Return back to the hotel. Overnight at the hotel. | | | |DAY 02: |NONG NOOCH VILLAGE – GEMS FACTORY – MINI SIAM: ...

Words: 2682 - Pages: 11

Premium Essay

Descriptive Essay About Gatorland

...The Adventures of Orlando Orlando is one of the most tourist city in the world, providing multiple disney theme parks. One attraction that i’ll being talking about Gatorland which is a unique and thrilling place to be and see. The BoatHouse is a delicious and different type of restaurant that sits on an ocean side dock. The World Quest Resort is a luxurious and well put together hotel that makes you feel like your in the mediterranean,because that's the theme of the hotel. Orlando, Florida is one of the most populated city and an entertaining place to be in. The World Quest Resort is a wonderful place to relax and enjoy all sorts of indoor and outdoor activities. Visitors will undoubtedly enjoy the price of the hotel fo “128-89 dollars for...

Words: 809 - Pages: 4

Premium Essay

Angry Bird Activities

...Activity Park has enormous opportunity for market development and product development. There are some strategic opportunities imbibe by the company for market development. They have segmented their market by targeting existing product in the new market which will differentiate them from other theme park. Once the market research has been conducted and market segments worth pursuing have been discovered. Angry Birds Activity park has strategically viewed Penang as unexploited market for its entertainment services to be penetrated. While trying to expand their existing product to Penang market, it has been a way to gain competitive advantage for market development over their rivals. Furthermore, Angry Birds game has acquired 2.5 Billion downloads globally since its inception in the year 2009. The company adoption to promotional strategy on 40% digital and 60% traditional has enhances its penetration power to market development unlike other theme park and resort that adopted 20% on digital promotional strategy. Moreover, in gaining competitive advantage in this era of technological advancement, product development is a vital business strategy. Since Angry Birds Activity Park deals on entertainments which targeted indoor games to children, it is pertinent that its entertainment sector be expanded to outdoor activities. This will enhance the company to enlarge its customers and serve the attracted new ones better. 13. The Logistic description System of Angry Birds Activity Park Angry...

Words: 383 - Pages: 2

Free Essay

Ocean Park

...ó Mateu    OCEAN PARK CASE STUDY     INTRODUCTION  Ocean  Park  Hong  Kong  is  a  marine  animal  theme  park   located  in  the  Southern  District  of  Hong  Kong.  It  was   inaugurated  in  1977  by  the  Government  with   the  intention  to   bring  somewhere  where  Hong  Kong citizens could feel some sense of space as a large part of the  population  lived  in  a  crowded  locality.  So   it  was  inaugurated as a nonprofit organization that  aimed  to  provide visitors a unique experience in entertainment, education, and conservation.  Firstly,  in   the  absence  of competition, Ocean Park became really popular but existed without  direction  and  focus.  When  Hong Kong's officials  signed an agreement to bring Disneyland to  Hong  Kong  in  1999,  the  Ocean  Park's  viability  started  to  be   questioned.  By  2005,  when  Disneyland  Hong   Kong  was  inaugurated,  Ocean  Park was unprofitable and widely expected  to  lose  out.   Nevertheless,  the   Park  responded  with  a  development  plan  and  showed  their  abilities  for  adaptation  and  turn  threats  into  opportunities.  It  expanded  the  number  of  attractions  and  rides,  raising  the  number  of  visitors,  becoming  the  world's  13th  most  visited  theme  park  and  the  largest  theme  park  in  Asia  in  2014.  Since  2012  Ocean  Park's  is  in  a  similar  situation,  however,  not  just  regarding  one  competitor  but many. So how  can the  park  face and deal with this new critical setting...

Words: 4372 - Pages: 18

Free Essay

Jadwal Lasap Tour

... pergi ke water front (jalan2) Tanggal 26 Desember 2009 05:00, prepare to singapore 06:30, pergi ke Kuching International Airport 10:30, tiba di Singapore 10:30-10:45, check information 11:00, pergi ke rumah martin 11:00-12:00, prepare 14:30-21:00, pergi ke Singapore zoo Tanggal 27 Desember 2009 08:00-12:00, Sentosa Island 12:00-13:00, Vivo city 13:00-15:30, pergi ke wild wild wet & Singapore flyer 16:00, orchad road, city hall 18:00, marina bay Tanggal 28 Desember 2009 08:00-10:00, bugis street 10:30-12:00, Suntec City mall 12:30-14:00, lucky plaza 14:15-15:30, little india 16:00-18:00, china town Tanggal 29 Desember 2009 08:00-09:30, merlion park, esplanade 10:00-12:00, Singapore flyer Tanggal 30 Desember 2009 08:00-09:00, prepare 09:00- 10:00, Twin Tower Park & KL Tower 10:30-13:00, KLCC 13:00-14:00, lunch 14:30-15:30, eye on malaysia 18:00-19:00, hotel 19:30-22:00,bukit bintang street Tanggal 31 Desember 2009 SUNWAY Sunway Lagoon Sunway Pyramid Tanggal 1 Januari 2010 08:00-09:30, prepare 10:00-13:00, china town 13:30-15:30, batu caves...

Words: 474 - Pages: 2

Premium Essay

Zipcar

... * Company Analysis Las Vegas Convention and Visitors Authority (LVCVA) fielded several national ad campaigns. Tourism is Las Vegas’s biggest industry, and LVCVA is charged with maintaining the city’s brand image and keeping visitors coming to one of the world’s most famous cities. As the 1900s rolled around, many Las Vegas officials felt that the town needed to broaden its target audience. So they set out to appeal to families. Some of the biggest casinos on the Las Vegas strip built roller coasters and other thrill rides, world-class water parks, and family-friendly shows like Treasure Island’s live-action swashbuckler spectacle, visible to everyone passing by on the street. The terrorist attacks of September 11, 2001, dealt Las Vegas tourism one of its worst blows ever. Declining tourism led to 15 000 lost jobs. The LVCVA engineered an image of Las Vegas as a luxury destination oozing with excess and indulgence. The theme parks were replaced by five-star resorts, high-rise condos, expansive shopping mall filled with the world’s top luxury brands, and restaurants bearing names of world-renowned chefs. A new breed of expensive stage shows for adult audiences replaced family-friendly entertainment. This change of strategy worked. Based on customer insights, the LVCVA coined the now familiar catchphrase “Only Vegas: What happens here, stays here.” The phrase captured the essence of the Las Vegas experience, that it’s okay to be a little naughty there. The simple phrase became...

Words: 1474 - Pages: 6