The project was supposed to start in 2000 and only

The project was supposed to start in 2000 and only take a few years to build; but due to a
disagreement between the stakeholders, an onslaught of financial problems, the project did not
start until September 2002. Later, it was announced that the stadium will open in 2006. This was
also delayed, and the Wembley Stadium project was not completed until 2007, four years after its
initial plans foretold. The construction company that was assigned, and the complex structure of
the stadium (such as a retractable roof, seats, and luxury places for the public) was also a major
factor in the delay. The main problem with this project facing delays was improper time
management and changes in the scope several times. Instead of assigning the tasks to very few

big ventures, the executives could have hired independent PMs with experience for the project.
The other important factor was poor communication between these executives. Lack of value-
driven project management makes this project a failure even though the end-product resulted as
planned.
Budget
According to PMBOK, “the budget in a project represents the official estimated amount of which
will be needed for the entire project to be completed or for a specific planned activity for the
project.” It is normal that there might be modification on the budget with the approval of certain
people involved in the project but with the approval of certain people involved in the project bits
important that the plan is communicated properly.
This project lacked any historical data that can be used for the current project and complex
decision and plan, this made it more difficult. The estimated cost initially to complete the
stadium was £332 million pounds (estimated by WSNL) where £120m was obtained from lottery
funds and the rest was agreed with the banks. To be financed, when WSNL decided to work with
Australian Construction Company, Multiplex, and the stadium would be provided to the
government which was agreed by the FA (Football Association). Since the government (a
stakeholder) did not provide any response until 2001, the project was already delayed and result
in a raise of funding to £757m, £425m higher than the initial estimate! Finally, FA came into an
agreement with a German bank (West LB) which would provide the remaining funding and the
project was finally completed in 2007.
There were many controversies including a lack of transparency and involvement of
investigation during the bidding process. The first estimation of the project was completely

incorrect which resulted in an almost two hundred percent rise in initial budget. Another incident
that came out later in 2008, the construction company, Multiplex sued the designer of the
stadium stating that they were denied key design information which lead to an increase in cost of
steel used.