EUCALYPTUS SAND HILL HOTEL AND OFFICE DEVELOPMENT PROJECT Harvard Case Solution & Analysis

EUCALYPTUS SAND HILL HOTEL AND OFFICE DEVELOPMENT PROJECT Case Solution

Introduction:

In 2004, Stanford had the opportunity to build a 21.4 acre of land swath on Sand Hill Road in Menlo Park, California, one of the head work locales in the United States.

Whitney Birdwell, a partner chief of land advancement at Stanford Land Buildings and Real Estate (LBRE), has been requested to assess Stanford's building alternatives.

In particular, she needs to set up an development pro forma concerning Stanford's ranking staff which, taking after the staff's endorsement, will be displayed before the Menlo Park City Council (MPCC) keeping in mind the end goal to look for the required building qualifications.

Since MPCC's behavior towards development had turned out to be more ideal since last year, LBRE had been working with architects, planners, advisors, contractual workers and the renting agents to completely comprehend the plausibility of an office or lodging venture on the site.

The MPCC urgently needed more lodging space in the city and, because of activity and different concerns, especially those identifying with financial issues, would be uncertain to approve a venture ruled by office apply.

If Bidwell plans to develop the land for hotel only, then it can be easily accepted by MPCC authority. On the other hand, if the land is used for office space, then it can be rejected because the hotel will lead towards the improvement in the economy. If the development project is rejected, then the land would remain vacant and would not generate any income for Stanford.

Legal issues faced by Stanford in real estate development:

It includes various legal issues such as:

  • Form of ownership entity
  • Subordination
  • Financing
  • Purchase and sale agreement
  • Line of options
  • Global change and uncertainty

Characteristics and difference among project, program and portfolio management:

  1. Project: Theproject is basically taken for limited time of period, which is to consider as the part of the daily operations. The project is assigned toa single project manager with temporary teams. It has defined scope and objective and if it is met in a given time period, it is said to be completed. Along with this, it generates value for the firm.
  2. Program: The program is a group of projects, which aims to achieve the profitable objectives. It shows different aspects of the change in the project and also it follows different time of scheduling depending on the changes in the projects. The management team oversees the whole program and project managers are appointed for each individual group.
  3. A portfolio is a set of projects established with the objective of overall well-being of the business. It helps to manage the variety of projects in order to balance the resources and to achieve the economies of scale by diversifying the investment.

Change within the organization:

Change Management is the organized approach and set of techniques for comprehension, assessing and dealing with the change portfolio. It includes taking a land of the development in progress and their effect.

Some progress has been made in what is being called Project Portfolio Management, however these endeavors are frequently constrained to follow the planning, extension and asset needs of venture groups over numerous activities. Change Portfolio Management is distinctive as it expects to demonstrate the cumulative and aggregate effect of the adjustments in the portfolio on the general population all through the organization.The change in the portfolio is important because;

  1. The increasing change in the organization due to the change in the demand and supply
  2. The change in the saturation (change capacity from individuals to group) helps in increasing the productivity
  3. The importance ofchange in the collisions due to budget, time requirements and differences in opinions of individuals.........................................                                                                                                      This is just a sample partial case solution. Please place the order on the website to order your own originally done case solution.

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