Summer Olympic Games planning

Q.No.3. In contrast to the 2002 Salt Lake City Winter Olympic or the 2008 Beijing Summer Olympic Games, planning and scheduling was not well implemented for the 2004 Summer Olympic Games held in Athens, Greece. Many articles were written before the opening ceremonies predicting that the facilities would not be ready in time. With just 162 days to go to the opening of the Athens Olympics, the Greek capital is still not ready for the expected onslaught. By now 22 of the 30 Olympic projects were supposed to be finished. This week the Athens Olympic Committee proudly announced 19 venues would be finished by the end of next month. Thats a long way off target. However, many people were pleasantly surprised by the amazing opening ceremonies, beautiful new buildings, and state-of-the-art security and transportation systems in Athens. For example, traffic flow, considered a major pre-Games hurdle, was superb. One spectator at the games commented on the prediction that the facilities would not be ready in time, Athens proved them all wrong. It has never looked better. The Greeks even made fun of critics by having construction workers pretend to still be working as the ceremonies began. Athens Olympics chief Gianna Angelopoulos-Daskalaki deserves a gold medal for her performance in leading the many people involved in organizing the 2004 Olympic Games. Unfortunately, the Greek government suffered a huge financial deficit since the games cost more than twice the planned budget.
What process/activities (time/schedule/cost management) should have be taken to remove this kind of uncertainty in IT related projects. Discuss with reference to the above scenario only.

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