Case Study The Channel Tunnel Mingyi Su Elvin Bayramov Christoph J. Szczecina Henrique A. Lima de Faria Fachhochschule Dortmund University of Applied Sciences and Arts Managing Change - Prof. Dr. Josef Mittmann May 26th‚ 2008 Content 1. Historical Context 2. Engineering 3. Organizational Transitions 4. Financial Developments 5. Case Study Answers • Historical Context • Engineering • Organizational Transitions • Financial Developments • Case Study: Answers Christoph
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A PROJECT ANALYSIS ON THE DEVELOPMENT OF THE CHANNEL TUNNEL 1.0 INTRODUCTION The Channel Tunnel is one of Europe’s biggest infrastructure projects ever. The 50.45km long tunnel has fulfilled this old dream by linking Britain and the rest of Europe. The idea of a fixed link between Britain and France was first mooted by a French engineer in 1802; it connects England and France 50m below the seabed of the English Channel. It’s not just a tunnel‚ but a huge infrastructure containing massive machinery
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An analysis of Channel Tunnel project Introduction Channel Tunnel project‚ which aimed to create a fixed connection between Britain and France‚ is one of the largest private funded projects in the world. It required the use of newest technology and great management skills in order to deal with unexpected changes. Also the cooperation of two countries’ governments‚ several constructors‚ banks and other agencies are needed to make this project run smoothly. This essay divided the whole project
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Eurotunnel vs. the Ferries Case Analysis Marketing Problem: The main problem faced by Eurotunnel’s senior management is that they have not developed a competitive pricing strategy to increase its passenger and freight travel market share. Case Solution: Eurotunnel should use a market-penetration pricing strategy at all times to gain freight customers. It should use a market-penetration pricing strategy during non-peak periods and a premium pricing strategy during peak periods with passenger
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success stories” Based on the case materials specifically identify the key judgemental errors made by the private parties involved with the project: MANAGEMENT During the period of 1987 to 2005 there are 3 changes of the Board of Directors of Eurotunnel. Most of the behavioural finance that listed below incurred during the first management period. Overconfident Overconfident behavioural is a well-established bias in which someone’s subjective confidence in their judgments is reliably greater
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French mining engineer Albert Mathieu-Favier put forward the first ever design for a cross-Channel fixed link based on the principle of a bored two-level tunnel: the top one‚ paved and lit by oil lamps‚ to be used by horse-drawn stagecoaches ; the bottom one would be used for groundwater flows. 1803 In 1803‚ the Englishman Henry Mottray unveils another project for a cross-Channel fixed link: a submerged tunnel made of prefabricated iron sections. 1834 From 1830‚ the advent of steam trains and
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Channel Tunnel Project Management Mistakes Bellevue University PMGT335-316S Project Cost 15 February 2012 Channel Tunnel Project Management Mistakes The Channel Tunnel (Chunnel) project was one of the largest privately funded construction projects in history‚ and one plagued with mistakes. The project created a rail link between England and France spanning over 30 miles with 23.5 of the miles under water. The project melded a difficult mix of numerous contractors and regulatory agencies
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The Channel Tunnel linking England with France is a superb technical and engineering achievement. However‚ as a business project it has undoubtedly been a failure. Shareholders in the company operating the concession for the tunnel have witnessed significant loss of value in their equity stake in the company. In 1967 proposals were invited for private financing and construction of the tunnel‚ with 70 - 90 % of the loans guaranteed by the British
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3004ENG PROJECT MANAThGEMENT PRINCIPLES THE CHUNNEL PROJECT Project Background * Objective is to create an underground tunnel connecting England and France * Create a fixed transportation link between England and France in an attempt to spur economic development‚ improve European trade‚ and provide an alternative high-speed transportation method. * Requires cooperation between two countries‚ numerous banks‚ contractors‚ etc to initiate‚ plan‚ executive and complete the project
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3004ENG: Project Management Principle Analysis of The Chunnel & Guri Dam Projects Name Daniel Lawrie Brock Goobanko Ben Taylor Balazs Varga Anh Khoa Tran Student Number s2680056 s2679572 s2763012 s2100395 s2828862 Contribution 20% 20% 20% 20% 20% Date of Submission: Monday 14th of October‚ 2012 1 Contents EXECUTIVE SUMMARY ............................................................................................................................................................... 3
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