Riyadh ChamberMunjaz11My actionsNotifications
PRJ-2026-020Off track4ExecutionConstructionStalled

The Chamber’s Investment Building — Business Tower on King Fahd Road

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A 22-storey office tower on chamber-owned land to diversify non-membership revenue; the foundations of axes 12–16 face high groundwater.

Project managerEng. Ahmed Y. AsiriProject sponsorSarah A. Al-QarniProgrammeNew Headquarters & Investment Assets Programme
Early warning: ⁦81%⁩ chance of slipping within ⁦60⁩ days

Budget (BAC)

SAR 17.3M

Actual cost

SAR 8M

⁦46%⁩ of budget

Progress

⁦44%⁩Awaiting acceptance ⁦12%⁩

Estimate at completion

SAR 18.2M

SAR +908K

SPI · CPI

0.80Schedule performance index · 0.800.95Cost performance index · 0.95

Forecast finish

⁦2027-08-03⁩

64 days behind baseline

ExecutionStage ⁦4⁩ of ⁦5⁩

Next gate:Closure5 March 2027

  1. Pre-start · CompletePre-start · Complete
  2. Gate into «Initiation»DecisionGoDate3 April 2024Initiation · CompleteInitiation · Complete
  3. Gate into «Planning»DecisionGoDate2 June 2024Planning · CompletePlanning · Complete
  4. Gate into «Execution»DecisionGoDate24 November 2024Execution · Current stageExecution · Current stage
  5. Gate into «Closure»DecisionNot held yetDate5 March 2027Closure · Not startedClosure · Not started

Project lifecycle and its gates

Current phase: Execution. Pick a gate on the track to review it.

  1. Gate into «Initiation»DecisionGoDate3 April 2024All criteria and required documents met.Pre-startComplete
  2. Gate into «Planning»DecisionGoDate2 June 2024All criteria and required documents met.InitiationComplete
  3. Gate into «Execution»DecisionGoDate24 November 2024All criteria and required documents met.PlanningComplete
  4. Gate into «Closure»DecisionNot held yetDate5 March 2027ExecutionCurrent stageCurrent stage
  5. 5ClosureNot started

What each stage requires

The documents and approvals each gate asks for before the next stage.

G4Next gateProject Management Office

Closure gate — deliverables accepted and handed over

4Execution5ClosurePlanned for ⁦2027-03-05⁩In 128 days2027-03-0526 Ramadan 1448 AH
74/100

Gate readiness

Enough for a conditional go only

Automated control: no move until the criteria are met

  • ⁦2⁩ mandatory checklist items open
  • ⁦3⁩ required documents not approved
  • Weighted score ⁦74⁩ under the pass mark ⁦75⁩

Checklist

⁦5⁩ of ⁦7⁩ done

  • Deliverable completion certificates approved for every deliverableMandatory
  • Acceptance tests and handover to operations completeMandatory
  • Open commitments listed with a plan to close themMandatory
  • Deliverable-linked payments settledMandatory
  • Pilot run with no critical or high findingsMandatory
  • Users trained
  • Launch rollback plan

Required documents

⁦1⁩ of ⁦4⁩ approved

  • Deliverable completion certificatesApproved · V1
  • Project closure & handover formSubmitted — awaiting acceptance · V1
  • Lessons-learned logNot submitted
  • Benefits measurement planNot submitted

Criteria and score

Go from ⁦75⁩, conditional from ⁦60⁩; a mandatory criterion is met from ⁦70⁩.

  • Deliverables acceptedweight ⁦35⁩%Met

    Awaiting evidence from the project team.

  • Quality & securityweight ⁦25⁩%Met

    Awaiting evidence from the project team.

  • Operations & handover readinessweight ⁦25⁩%Met

    Awaiting evidence from the project team.

  • User & training readinessweight ⁦15⁩%

    Awaiting evidence from the project team.

Approvers

Project Management Office

  • Dr. Noura M. Al-OtaibiPMO directorVote pending
  • Hisham A. Al-TuwairqiProject ownerVote pending
  • Sarah A. Al-QarniProject sponsorVote pending

Gate decision

The decision and its rationale go into the gate log and to the team.

What is the decision based on? It stays in the log.0 / 600

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