The Chamber’s Investment Building — Business Tower on King Fahd Road
Remove from watchlistA 22-storey office tower on chamber-owned land to diversify non-membership revenue; the foundations of axes 12–16 face high groundwater.
Budget (BAC)
Actual cost
46% of budget
Progress
Estimate at completion
SAR +908K
SPI · CPI
Forecast finish
64 days behind baseline
ExecutionStage 4 of 5
Next gate:Closure5 March 2027
- Pre-start · CompletePre-start · Complete
- Gate into «Initiation»DecisionGoDate3 April 2024Initiation · CompleteInitiation · Complete
- Gate into «Planning»DecisionGoDate2 June 2024Planning · CompletePlanning · Complete
- Gate into «Execution»DecisionGoDate24 November 2024Execution · Current stageExecution · Current stage
- Gate into «Closure»DecisionNot held yetDate5 March 2027Closure · Not startedClosure · Not started
Scope statementRequired at this stage
What the project delivers, what it does not, and when a deliverable counts as accepted.
A 22-storey office tower on chamber-owned land to diversify non-membership revenue; the foundations of axes 12–16 face high groundwater.
In scope
- A 22-storey office tower on chamber-owned land to diversify non-membership revenue; the foundations of axes 12–16 face high groundwater.
- Saudi Building Code compliance
- An approved plan to keep member services and training running during the works
Out of scope
- Operation and maintenance after the warranty period
- Work outside the approved site or system boundary
Acceptance criteria
- Main deliverable — stage 1Meets the approved specification, signed off by the project owner
- Main deliverable — final stageMeets the approved specification, signed off by the project owner
Scope baselineRequired at this stage
Every approved change creates a new baseline
- 1
SB-1Current2024-07-25
Baseline approved at the planning gate
Budget17.3MFinish2027-05-31
Requirements registerRequired at this stage
6 requirements of five kinds, with the trace status of each
By type
- Business1
- Functional1
- Technical1
- Regulatory2
- Security1
Fully traced
100%
6/6 · linked to a deliverable, task and test
Test passed
33%
2/6 · test result is a pass
Accepted
33%
2/6 · signed off by the business owner
Display options
| REQ-020-01 | Reach the target number of service and meeting halls | Business | Must | In progress | Hisham A. Al-TuwairqiHisham A. Al-TuwairqiDirector, InvestmentP-051h.altuwairqi@chamber.sa | SB-1 | |
| REQ-020-02 | Meet the approved technical specs | Technical | Must | Approved | Eng. Ahmed Y. AsiriEng. Ahmed Y. AsiriDirector, Construction Projects & BuildingsP-020a.asiri@chamber.sa | SB-1 | |
| REQ-020-03 | Training and member service continue during the works | Functional | Must | In progress | Hisham A. Al-TuwairqiHisham A. Al-TuwairqiDirector, InvestmentP-051h.altuwairqi@chamber.sa | SB-1 | |
| REQ-020-04 | Saudi Building Code | Regulatory | Should | In progress | Eng. Ahmed Y. AsiriEng. Ahmed Y. AsiriDirector, Construction Projects & BuildingsP-020a.asiri@chamber.sa | SB-1 | |
| REQ-020-05 | Civil-defence requirements | Regulatory | Should | In progress | Hisham A. Al-TuwairqiHisham A. Al-TuwairqiDirector, InvestmentP-051h.altuwairqi@chamber.sa | SB-1 | |
| REQ-020-06 | Site and systems security | Security | Could | Approved | Eng. Ahmed Y. AsiriEng. Ahmed Y. AsiriDirector, Construction Projects & BuildingsP-020a.asiri@chamber.sa | SB-1 |
Traceability matrixRequired at this stage
Requirement → deliverable → task → test → acceptance. No requirement has a gap.