The assignment deals with the identification of an event like the Olympics Games, the objectives and goals behind it, description of the event project selection and also justification methods and theory attached to it. Any positive or negative impacts attached to it and also the decisions and issues attached to them are discussed in details. The organizational structure of the event is looked upon and explained in details. The project team structure of the Olympics and any barriers to its effectiveness are discussed. Lastly the risk management system of the event is elaborated and how the results can be maximized has been stated. Introduction The Olympics Events is one of the oldest and most prestigious events for sports. What Oscars is for Hollywood, Olympics is for the sports culture and the athletes. It is for both amateurs and also the professional athletes. It takes place every four years, every time in a new country. It has both positive and adverse impacts on the country that it takes place as it is a very grand event. The last Olympics and Paralympics took place in the year 2012 in London. At present the leading international sports events in the world is the Olympic Games which features both summer and winter competitions where thousands of athletes from all over the world take part in. Being considered as the world’s foremost sports competition where more than 200 nations take part in, the Olympic Games take place once every four years, where the summer and Winter Games take place alternatively every four years but also two years apart from each other. Description of the Event The Olympics is inspired from the ancient Olympic Games that used to take place in Olympia, Greece since 8th century BC. The International Olympic Committee was founded in the year 1894 and is the governing body of the Games since then. The Olympic Charter defines the structure and authority of the Committee. With the evolution of the Olympic Movement a number of changes have been introduced to the games in the 20th and 21st centuries. Winter Games for ice and winter sports have been introduced. Also Paralympics Games for athletes suffering from any disability has been introduced. All the technological, economic and political advancements have been adapted by the International Olympic Committee so that Olympics aren’t restricted to amateurs, but also include professional athletes. The International Sports Federations, National Olympics Committees are all part of the Olympic Movement (Anonymous, 2014). In the year 1896 241 participants from 14 Nations started the Modern Olympics and now the Games have grown much bigger and at present 204 nations took part in the Olympics in the year 2012 with over 10500 competitors. The Olympic spirit involves the spirit of mutual understanding and friendship and solidarity and fair play. This is the main goal behind the Olympic Movement. The main objective behind the Olympic Movement has always been the promotion and the development of sports and Olympics worldwide. Also promotion of women in the field of sport, protection of the athletes, to develop a link between the culture and the sport, promote Olympic education , encouragement of culture exchange are few objectives of Olympic Movement. The Olympics 2012 was held at London. The London Organizing Committee for the Olympics Games and Paralympics Games (LOCOG) took up the entire responsibility of planning, organizing and projecting of the Games in the year 2012. Almost 2 billion pounds were needed for organizing the Olympic and Paralympics Games and this was raised by the LOCOG from the private sector by selling of sponsorship, broadcasting rights, tickets for the events, etc. To ensure that the work is done smoothly the LOCOG worked closely with many partners and stakeholders and thus the work pressure was divided. The London Games was all about promotion of sport, culture, education, etc. It was fully accessible by everyone and strongly upholder the Olympic Values of friendship, respect, inspiration, etc. Both London and UK benefited from the Games. A lot of jobs were provided to thousands of people. Also East London was economically transformed. Jobs and opportunities for training purposes were given to the local people. There were also better cross-city transports. Young people from colleges and schools were given an opportunity to get involved with the Games. London Pleasure gardens was made with the hope to lure thousands of visitors, instead organizational chaos was all that was actually seen. Many big stores and other small Oxford street kiosks reported a fall in the sales. Many housing cooperatives were removed to create more space for the Olympics area. Increased congestion, price hikes, displacement of the young, low income and harassment of the sex workers were few problems being faced by the people of London (idebate.org, 2014) Organizational structure for the event There was partial militarization by the police with police also present at the railways and London Underground. CCTV networks were present all across and mobile location tracking and facial recognition technology services were put to operation. With the decision that Olympics 2012 would be held in London people of London began to discuss the effects of the event on them and London. It was frequently discussed as to what effects will the weeks of the Games have on the residents of London and also the people who work in London. The taxi drivers increased the fare during the Olympic days (Anonymous, 2014). The biggest challenge with Olympics lies in a number of factors like first of all the bidding process is to be won so that the event can take place in their country. In order to win the bid the plan of the respective country needs to be more detailed, should be spectacular and also expensive. After winning the bid the planning is to be done extensively. Stadiums and sports venues are to be made accordingly. The initially bloated budget keeps on increasing with time since the costs of things goes on increasing in the ten year time span. Also once the 17 day event is over the city should find a way in order to use all the venues that have been built for the event (Londonist, 2012). There were also few positive impacts of the game on London like the British government post one year to the games stated that a GBP 9.9 billion was seen in the UK economy. This boost in investment and trade was majorly due to the hosting of the Games. Also thousands of jobs were created when the worst global recession situation in 60 years had struck Great Britain. Of all the construction industry was the one which benefited the most form the economy and gave the UK economy a boost of 7.3 billion pounds. The British economy was also given a push by the large number of tourists that flocked to London for the games. Thousands of jobs were not only given in London but also across UK and thus helped the country immensely by sprinting ahead in the global race for business. Project Team Structure for the event The Olympic Delivery Authority (ODA) was established in the year 2006 so as to take the charge of complete construction of all the venues and stadiums that would be required for hosting the Olympics and Paralympics 2012. The ODA was provided with all the legal powers and responsibilities so that appropriate arrangements including land acquisition and construction of infrastructure is done and delivered within the given time and budget. Also the ODA was to assist the London Development Agency (LDA) towards finalization and agreeing on legacy plans that are suitable for the purpose of creation of Olympic Park and other related venues. The ODA had to deliver all the projects within the stipulated time period and in order to realize this it fixed few themes according to the priority namely health, safety and security, accessibility and design, legacy, equality, inclusion, employment skills and sustainability. The delivery strategy of the ODA included the immovable deadline of 27 July 2012, the date on which the event was to start. Also, a highly public profile, huge investment from the publi
c sector, multiple clients, dual objectives of serving both as games and also as legacy after it is over was included in the delivery strategy (Mapsofworld.com, 2014) . A number of policies were developed according to the Health and Safety Standards so as to ensure the health of all the people working in the construction of Olympics 2012 venue and infrastructure. An integrated design was made and a separate construction team for building the Olympic Stadium was formed. A project organization is basically a structure that helps in the implementation and also the coordination of the activities of the project with the help of which such an environment is created that the team members interact with each other with minimum number of disruptions, conflict and overlaps. Barriers to teamwork include bad leadership, poor goal planning, poor communication, personality clashes, etc. 2012 saw the London became host to one of the largest sporting events of the world where more than a billion people had come to watch the opening ceremony, it was very essential to ensure that the entire event runs as easily as possible. On understanding the basic requirements for maintaining such high standards during the grand event a contractor in charge of the event took a key role in ensuring that the events of Olympics and Paralympics goes without any glitch. The team worked across London and Surrey in 8 boroughs and supported the game immensely. He was the man behind the deployment and also the supply of all the barriers to the crowd who came for the Olympic events which included planning, delivery, dismantling, collection, installation, maintenance of all the eleven races. While preparing for the events the contractor increased the number of GT barriers that were to be placed as it was essential for the purpose of controlling the flow of the crowd and also for managing it. The total numbers of barriers were 70000 which included different types of barriers like GT barriers, Heavy Duty barriers, Concord barriers, etc. Adhering to the strict guidelines of the Olympic Committee the entire area for the installation of barriers was over 186 miles across roads, pavements, parks, etc. and thus required fast dismantling services. To meet the Olympic standards the contractor by the name of Eve devised a project plan so as to be sure that each element was taken care of and nothing was missed. From utilizing the correct number of barriers to deployment purposes and also to lay out a complete plan regarding the transition, recovery and storage schedules of each Olympic event was prepared (Blogs.lse.ac.uk, 2014). It was also considered essential to understand each suppliers plan so as to be prepared for dire circumstances. Hence when the weather of Britain became bad and some suppliers were unable to supply the goods then Eve’s preparations for such situations came handy. There were other challenges to overcome also, along with the weather problems, like preparation of the Southern Depot in order to meet the demands of storing the barriers before and after the Olympics events where a new floor was created to make place for the extra storage, cleaning area for the fencing and the barriers and investing in equipment which will help in moving the stock from the loading bays to the storage points. Extra attention was paid to the areas where traffic is normally high. Risk Management for the event A big event like Olympics exemplifies the chances of occurrence of risk. Unexpected huge environmental impacts are also a feature of large scale infrastructural and developmental projects. The proliferation of risks that come along with organizing the Olympics is directly proportional to the complexity and scale of the said event. Threats of terrorism, financial risks that come along with the hosting of the event, etc. are few examples of risks that come with Olympics. Thus the management of risk efficiently is extremely essential so that the Games are hosted without any disturbances. The IOC for London 2012 has stated risk as an organizing concept and in its first report had stated that the transport system of London was absolutely obsolete and also stated that there were high risks attached to the current situation of public and political situation and support in the UK and attention had to be paid to it immediately. Highlighting the media spectacle and also the symbol of the Olympic Games, the five Olympic rings, certified that if everything or anything went wrong as the image of the events was put up at stake it would lead to a reputation risk. It was no more a secret that a series of high profile contingencies were faced by the London Olympics 2012 namely construction, security, infrastructure and finance which involve proper management (Mapsofworld.com, 2014) . Hosting an event gives rise to a number of incidents and also gives headaches to the organization committee. Due to the very high reputation of the brand of Olympics and having an audience worldwide with the help of television the Olympics has become the epicenter of all terrorist attacks, treats, and international incidents. By using public opinion the IOC has been able to successfully prepare for the hosting of the Games in London. With the Olympics are attached the prestige and the reputation of the country and the event is put at stake. Revenue shortfalls arising from fluctuations in the foreign exchange rated form a risk that is to be taken care of by using devices like hedging contracts. The most essential source of income from Olympics comes from licensing and sponsors which at the same time pose to be a serious threat also if proper attention is not paid to it Conclusion The assignment is concluded on the note that the Olympics is one of the biggest and most grand events in history till date and is going on becoming grander with time. It continues to have its good and bad effects on the people and country where it takes place. The budget behind the Olympics is going on increasing with every four years. The last Olympics in London affected the economy of Britain both in a good and bad manner. The bigger an event more is the risk attached to it. This was the case in Olympics. The design and the implementation of controls are integral for the management of risks and also for the purpose of providing medical attention to the athletes. Hence it can be said that where on one hand London 2012 was one of the best games ever, it was also the riskiest. View Less >>
In today’s realm, the corporate organisations, including the event management have all created an absolutely new method of performing business, which has inverted the hierarchical, rigid, and divided labour system of past. This novel model centres on projects, such as a new marketing strategy, software package, or a new toothpaste brand.             The completion of projects is done through teams of people, particularly selected for their knowledge, skills, as well as potential for contributing to the ultimate result. In most of the cases, a project manager leads the team. The project manager has the responsibility to keep the tasks of the project on agenda, carrying out communication with various management resources and stakeholders. Project management is a scientific tool that provides a patterned flow to the event, where all tasks are directed towards the ultimate goal. (Business Brief, 2011) Project management helps in smooth flow of big and small events and supports identification of risk and their mitigation as well. Get solution

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