The report has been written to show the efficiency of techniques and theories (namely objective settings, scope, contingency planning and risk management) used in the practice.
This report will examine whether the Olympics project was efficient or not. It will also introduce the theories that were implemented to its plan.
The chosen case study is that of managing Olympic 2004: The run –up the Games.
Managing Olympic Games 2004: The run –up to the Games
1.1 Background
In 1997, the International Olympic Committee has allowed to host the Olympic 2004 in small, developing country- Greece. The fight to host the Olympic competition was between Athens, Rome, Stockholm, Buenos Aires and Cape Town.
Firstly, the IOC members were introduced to the written reports of the countries;
Secondly they were visiting countries before the final decision. (By voting)
1.2 Current situation
Firstly, it was stated that there were delays on almost all fronts. This was blamed mainly on:
• Bureaucracy
• Changes in national government
• Conflicts with environmentalists
• Conflict with conservationists
• Strikes by workers
• Poor domestic infrastructure
Secondly, it was stated that the Olympic Games Project might be cancelled.
Hence:
“The IOC had even negotiated an insurance cover to protect itself against the cancellation of the Games.”
Thirdly, it was stated that the budget for the event will reach $7 billions instead of earlier estimated $1.3 billions. It means that cost overruns could be influential on budget deficit.
1.1.2 General objectives
The chief aspect of this project was to boost a Greek economy, by organizing a successful Olympic Games.
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