The London 2012 Olympics games proclaim that ‘legacy planning’ has been the central focus for the London bid to the games when compared to any other previous hosts bids. It is for the very first in the history, that legacy and planning have been worked parallel to attain broad goals and objectives for the mega event. Vision London 2012 aims for creating a lasting legacy that would regenerate the East London economically as well as socially and would result in direct benefits for the local community. Lea Valley in specific has reformed itself with almost 40,000 new homes and 50,000 new jobs (Second Report: Vol 1 2007).Legacy in simple terms is the gift or the inheritance that one receives over a period of time and is handed down to another period of time and which can further be positive or negative in nature. In words of Hein Verbruggen, the term legacy emphasizes upon promoting educational richness instead of proclaiming to be an elitist. He said that legacy is one that ensures a certain degree of permanence between foundation and pinnacle. ...Show more
The London 2012 Olympics games proclaim that ‘legacy planning’ has been the central focus for the London bid to the games.It is for the very first in the history,that legacy and planning have been worked parallel to attain broad goals for the mega event…
The United Kingdom economy has been among the best performing economies in the world for a long time. During the period that lasted from 1990 to 2008, the U.K. economy comfortably managed a 2.3% GDP growth factor.
As a project manager, my key responsibilities in this project will include project scope management, time and cost management, quality management, human resource management, communication management, risk management and procurement management. Basic details of the London 2012 Olympics security measures and the potential IT security vulnerabilities of the event An assessment by the Olympic Strategic Threat Assessment (OSTA) indicates that the possible security threats to the Olympics are terrorism, serious crime, domestic extremism and natural hazards (Home Office 2012, 13).
In Britain, where the games will be held this summer, it is expected that the games impact to the nation is premeditated to be great extend despite the minimal drawbacks and objections expected as will be discussed in this paper. First, there is prestige in hosting such games.
Such was the case in Montreal for the Olympics held there, where the building construction outweighed the influx of investment capital, thus making them the most costly games on record.
If planning is properly tuned, the games can prove a substantial economic boon to the host country and the surety that the costs will be recouped and continue to ensure businesses thrive years after hosting the games.
Massive sports arenas often remain either unused or underused and Olympic villages remain vacant and difficult to maintain.
According to The European Economic Outlook, interest in macroeconomic effects of hosting Olympic Games was evinced after Montreal hosted the 1976 Olympic Games and faced a financial deficit.
Therefore the objective of this brief report is thus to highlight all the current challenges and other issues that relate to the budget funding and the sourcing of the London Olympic Games in 2012.
And hundreds of international volunteers have joined in too. Understanding why these people are interested in participating in this huge affair, especially international people, and what their thoughts are about the London Olympic Games is the main purpose of the story.