QUESTION BY LECTURER IS? Provide a summary of the lessons learned from your selected project (explore project specific learning beyond the triple constraints of time, scope and cost) Student 2 responded the below response to the lecturers question, What I need is for you to respond to this student in 250 words, agree, disagree, add more notes to him or her and make it interesting and include references PROJECT: The Three Gorges Dam Project Due to the ambitious of the scope, giant budget and very complex and long schedule, this project had several failures. However, these have also left lessons learned for future projects of similar magnitude. -China’s population has one of the biggest populations in the world, as well as being one of the fastest growing populations, with a yearly increase of 5% to 7%. At the beginning of the project, it was supposed to provide energy to 16% of China’s population. However, 17 years after the development of the damp, the population has grown dramatically, leaving as a result, the delivery of energy to only 3% of the population. In order to ensure the success of the project, the scope should have developed a demographic forecast in which it could have been identified the actual benefits of the project, and knowing this a cost-benefit assessment could have been raised. But most importantly take the decision of whether to go ahead or not with the project. (Stone,2008) -Financial Cost: The development of the Three Gorges Dam has been considered one of the most expensive hydroelectric project in the world. It's official cost was $37.23 bn, however, after 17 years the project has been criticized for its overall price of $88bn due to hidden and unplanned costs as well as corruption implications. Analysts have mentioned that the cost-benefit of the project is not efficient. For this case, in particular, researchers and project managers should have invested the same budget in the optimization of existing energy plants and the development of new ways of generating energy such as solar and eolic energy. (Chen,2000) -For future reference, the inclusion of stakeholders (specially the most affected ones) should have room on the schedule from the beginning. The three Gorges Dam relocated 1.2 million people without considering the needs of all these communities. The poor planning of the relocation benefited only one party (builders, contractors, and big corporations) leading in widespread impoverishment and frustration of hundred thousands of families. (Sleigh and Jackson, 2000) As a conclusion, it can be said that The Three Gorges Dam had extremely poor: a)stakeholders management b)considerations for the future c) financial management d) environmental implications, and e) cost-benefit analysis. This project leaves behind one of the most productive dams in the world, providing energy and solving flooding problems for millions. But, most importantly, the project leaves lesson to be learned about budgeting, society, environment, and planning Reference List: 1.Stone, R. (2008). Three Gorges Dam: into the unknown. Science, 321(5889), 628-632. 2.Jackson, S., & Sleigh, A. (2000). Resettlement for China's Three Gorges Dam: socio-economic impact and institutional tensions. Communist and Post-Communist Studies, 33(2), 223-241. 3. Chen, C. T. A. (2000). Three Gorges Dam: Reducing the upwelling and thus productivity in the East China Sea. Geophysical Research Letters, 27(3), 381-383.