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Turnkey Project Management

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A turnkey project provides a deliverable to the customer that is fully tested and ready to use upon delivery. This can be a tremendous advantage to the customer, since it eliminates the need for the customer to manage the project. Projects that are time- and resource-intensive can seriously impair a companyÆs ability to continue with normal business while executing the project, since many key people are necessarily engaged in working on the project. Therefore, hiring an outside contractor to handle the project in its entirety preserves the companyÆs time and resources for its business. Since full responsibility for the project rests upon the contractor, the number of interfaces is reduced to the one point of contact instead of a multitude of subcontractors. This gives the customer much greater visibility into the project process as well as leaving the task of coordinating all the subcontractors to the one responsible primary contractor.

Turnkey projects tend to have short project execution times, rapid return on investment, and minimal delays. They have historically been highly regarded, but there are a number of aspects that must be considered when implementing them for optimal success. Since the owner or company commissioning the project turns all responsibilities for design and construction to the outside consultant, the owner must be capable of providing clear performance specifications to the contractor. Furthermore, the owner needs to h

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ded in the train travel time. Since getting together is less time-consuming, people will be likely to visit more often, either for business or pleasure. If the train will be used to travel to work, the high speed travel will mean less travel time, and therefore more net time to spend at home. There are multiple economic implications of a high-speed rail system, the first being that better transportation always improves the economy. It enables more people to travel to jobs more quickly, where they earn more moneyàand spend more. It promotes tourism, provides new jobs, facilitates transport and travel with other regions, promotes trade, reduces highway traffic delays, attracts new citizens, and mitigates the expensive environmental impacts of roadway pollution. A city or region that has been limited to small businesses can begin to attract larger businesses, since the railway can service their transport needs better than before. Furthermore, if the city becomes part of a transport network that moves goods across the country, it can become a transport hub. The project itself needs to start with high-level goals to define the scope and purpose of the project and what the new rail system is intended to accomplish. The primary co
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Approximate Word count = 10386
Approximate Pages = 42 (250 words per page)

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