Case Study of Mc Golden Arch

Executive Summary This case study was about the Madison Hotel project in Memphis. After determining the case, there were lots of problems occurred during the processes which are over budgeting and delay opening because of the unplanned acquisition of facilities. The problems are occurred because the owner of project changed the concept of the restaurant, the land price was raised, the name of the building was belonging to the previous owner, refusing the loan from the back, and inaccurate and insufficient construction.
After the root causes of the problems are discovered, there are many ways to solve and prevent the problem. There are three main ways to solve them. The first way is to improve the construction contract. The owner should invest the background of the construction company before signing the contract. Also, make a clear cut-contract to ensure that the constructors will finish the project on time. In case there is any fee from defaults or failures, the constructors have to respond for them. The second way is to consider the risk that involve with this project. The management team should be able to respond the unexpected risks that may occur immediately and they should have a second plan for more alternatives as well as reducing the period of working time. The last way is about planning process. The owner should have a plan which is covered all the part of the project and all responsibility of the project member for avoiding any complexity to prevent any pushing the responsibility off duties to other players. The more important of the project, the more efficient of the plan should be considered.
If the plan is achieved, the hotel will be opened on time and the project owner will not have to pay for unnecessary processes. Also, the Madison Hotel will be the best boutique hotel in Memphis according to its fully service and facilities, and for special events, the hotel will have high occupancy rate from fully booking. On the other hand, if the plan is