THE IMPORTANCE OF THE VENUE IN ITSPRESENT STATE TO THE

Facility and risk management..Report : venue design analysisNot more than 1500 words .1. CONDUCT A VISUAL OBSERVATION OF THE VENUE YOU HAVE CHOSEN TO ANALYSE2. MAKE A BUSINESS CASE AND HIGHLIGHT THE IMPORTANCE OF THE VENUE IN ITSPRESENT STATE TO THE VARIOUS STAKEHOLDERS AND HOW IT MAY AFFECT THEM.3. DETERMINE THE VENUE DESIGN OBJECTIVES FOR YOUR VENUE (WHETHER THE CURRENTDESIGN OF THE VENUE YOU ARE ANALYSING IS SUITABLE FOR YOUR MAJOR STAKEHOLDERS). YOU NEED TO CONSIDER THE PERSPECTIVES OF EACH OF THE MAJOR STAKEHOLDER GROUPS SUCH AS THE OWNERS, OPERATORS, STAFF AND GUESTS.4. THE LITERATURE REVIEW FORMS AN IMPORTANT SECTION OF YOUR REPORT. THIS SECTION SHOULD CONTAIN ASPECTS SUCH AS:- THE NEED FOR A VENUE CONDITION ASSESSMENT (VCA)- THE NEED FOR REGULAR INSPECTIONS (REFER TO THE FLOW-CHART BY CHAN, LEE& BURNETT 2001)- THE FINANCIAL IMPLICATIONS SHOULD INCLUDE (BUT NOT LIMITED TO): LIFE EXPECTANCY OF THE EQUIPMENT BEING ASSESSED  PAY-BACK PERIOD RETURN ON INVESTMENT (ROI) THE CONCEPT BEHIND NET PRESENT VALUE (NPV) THE FACILITIES CONDITION INDEXo PLEASE NOTE: THE ABOVE FINANCIAL JUSTIFICATION SHOULD BE MUCH MORE THAN JUST PROVIDING A DEFINITION. YOU NEED TO SAY WHAT THEY ARE, WHY THEY ARE NECESSARY & HOW THEY APPLY TO YOUR VENUE- BENCHMARKING THE VENUE AGAINST KNOWN KPI’S AND THE IMPORTANCE OF SUCH BENCHMARKING TO YOUR ORGANISATIONREPORT & DISCUSS THE FINDINGS OF YOUR VISUAL OBSERVATION OF THE VENUE. STATE THE IMPORTANCE OF THESE FINDINGS TO YOUR STAKEHOLDERS & HOW THEY MAY AFFECT THE BUSINESS (E.G. DIFFERENT TYPES OF OBSOLESCENCE).- JUSTIFY YOUR VCA WITH SPECIAL EMPHASIS ON HOW IT APPLIES TO THIS PARTICULAR VENUE. JUSTIFICATION MUST BE BACKED UP WITH REFERENCED RESEARCH- APPLY THE THEORETICAL CONCEPTS TO ACCEPTABLE PRACTICAL USE.- PROVIDING ONLY DEFINITIONS DOES NOT SHOW THAT YOU HAVE UNDERSTOOD ORCAN APPLY THE CONCEPT- USING THE OBJECTIVES YOU HAVE DEVELOPED FOR YOUR VENUE (POINT 3 ABOVE),WITH THE INFORMATION YOU HAVE GATHERED IN COMPLETING ASSESSMENT 1, COMPLETE AN ANALYSIS OF THE FACILITIES AND PHYSICAL ASSETS IN YOUR VENUE (COMPLETE THE CVA YOU HAVE DEVELOPED USING A SUITABLE SCALE – THE SCALE YOU ARE USING MUST BE COMPREHENSIVE)- NO RECOMMENDATIONS ARE REQUIRED

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