Fall 2015EM 636 Project Management

Section 101

NJIT Highlanders Theatre 215 Central Avenue, Newark, NJ

PRESENTED BY

Team #4 Innovators

Agenda Purpose of Highlanders Theatre Project Description and Objectives Introduction Amenities Site Model and Design Alternatives and Comparison Work Breakdown Structure Summary

Our Purpose Our mission is to keep students entertained, it’s that

simple. Put those books down, stop by, relax and unwind. You deserve it!

Bigger events can be held – charity, orientation for international students

Another source of income for NJIT

Our Purpose (cont.)

It will provide another point of entertainment for students and community in the area.

Other schools in the area will benefit from this.

Cinema will host first-run movies, film festivals, special events and much more.

Our Purpose (cont.) NJIT will be known to have something else that other schools

do not have yet.

Rutgers – Livingston Campus– Is the only school in NJ that has a Cinema.

Project Definition

Building a new theatre complex in Newark, New Jersey.

It consists of 7 screens with 3 on the first floor and 4 on the second.

The theatre includes a food court and a spacious basement parking lot with accessible facilities for handicapped people.

The theatre also has solar panels installed for back up electricity.

Alternative/Comparison

One same-type theatre already exists New Jersey Performing Arts Center

What makes us different?Affordable pricing as well as rewards for studentsClose to University HeightsVaried activitiesStudent services

Location

Highlanders Theatre215 Central AveNewark, NJ 07103

Existing Conditions

Specifications Area : 1.053 acres = 45,900 ft2

Estimated Budget: $12,691,344.00

Time Required: 339 days

Capacity: 3 main theatres with capacity of 150 seats each 4 small theatres with capacity of 75 seats each

Amenities Sound System: ETX - Electro voice

Stadium-style recliner seating and surround sound

Food court and eating area

Ticketing rooms

Restrooms

Parking lot

Design

1st Floor Plan

2nd Floor Plan

3rd Floor Plan

Work Schedule & GANTT Chart

Estimated Time: 339 daysStarting Date: 1, December 2015End Date: March 5th, 20175 days work a weekContingency time: 2 weeks

Cost EstimationDESCRIPTION COST ($) %

LAND $650,200.00 5.12DEMOLITION $887,250.00 6.99SITE WORK $2,255,498.00 17.77Construction of

FOUNDATION (Parking Included)

$2,301,388.00 18.13

EXTERIOR FINISHING $2,301,388.00 18.13

INTERIOR FINISHING $698,808.00 5.51

MULTIPLEX THEATHRE SYSTEM ARCHITECTURE

Equipment & Sound System Scanners,

Processors, Projectors

$1,047,812.00 8.26

6-SERVICE Elevators $312,000.00 2.46$ 52,000.00 Each    

PERMITS $120,000.00 0.95OVERHEAD $1,017,000.00 8.01

CONTINGENCY $1,100,000.00 9$12,691,344.00

Cost Distribution

Return On Investment

Tickets Catering services Advertisements Site leasing

Unit Price Annual Income Total Income

NJIT(students, faculty&staff) $8 $60,000

$140,000Other Students $10 $50,000

Community $13.5 $30,000

Rental(per use) Annual Income Total Income

Main Theatres(3) $3000 $30,000

$140,000Small Theatres(4) $1500 $50,000

Restaurants&Stores 60,000(per year)

Movie Tickets

CateringAnnual Income: $100,000

AdvertisementsAnnual Income: $100,000

Leasing

Estimated Total Annual

Income

$480,000

Return On Investment (cont.)

Estimated Annual Income

Risk Management

Risk Management Consequences Probability Impact Importance Risk Response

Changing Weather Conditions

Construction Delay 8 7 56 Weather Forecast

Fire Risk Resources/Human Loss 5 8 40 Smoke sensors and crew

with full knowledge

Material Delayed Construction Delay 5 7 35 Regular contact with the

supplierProblems in the

design/planIncrease of

costs 3 6 18 Cross-checking before starting and alternative plan

Expenses on material are out of budget

Construction Delay 3 7 21 Obtain quotes from other

suppliers

Unavailability of Labor Construction Delay 2 7 14

Splitting full time/part time roles and good communication

Quality ManagementQuality Plan Quality ControlQuality Assurance

Checklist Kaizen Approach Ongoing updates

Kaizen Approach Example

Who's doing it? The Innovators Suppliers Workers

What's being done? Gathering estimates Defining standards Execution of tasks

Where's it being done?

On the land Remotely on the phone and email

When should it be done?

Following the project timeline

Why's it being done?

To provide an entertainment point for students

How's it being done?

Status calls, follow up, monitoring and controlling with all project team members

# Quality Planning Checklist Complete Recommended Change

1 Identifying quality assurance requirements1.1. Specific materials are installed correctly1.2. Specific services are being provided

2 Identifying metrics to measure each quality criterion2.1. Survey results2.2. Meeting goals

3 Measuring deliverables to identify if qualitystandards are not met3.1. Timeliness and completeness of marketing tools3.2. Timeliness and completeness of deliveries3.3. Presence of labors and team3.4. Successful execution of tasks

4 Monitoring results 5 Developing quality assurance plan

6 Reviewing quality assurance plan with project manager

Summary

The required time for the project completion is 339 days.

The estimated budget is $ 12,691,334

The contingency time is 2 weeks