...4. Silver Fiddle Case Risks and mitigations Not meeting the five-month time estimate is another risk that may be encountered. Lack of labor and equipment might be a problem because other houses are to be built. It will be advisable to evaluate the sequence in which these building activities will occur, and distribute resources evenly across each house. Silver Fiddle could apply Heuristics, or the rules of thumb to create a framework work for allocating resources in such a situation. A contingency plan will be to lease or hire additional equipment to augment the ones the company already has. A shortage of building materials is another risk that is possible. Supplies may run short due to the fact that Silver fiddle has many other homes to build. I would suggest purchase of building supplies in large quantities, and store them, pending when they will be needed. Since Silver Fiddle is scheduled to build 11 homes this year, there might not be many available subcontractors to work on the Czopek’s home. Silver Fiddle will do well to develop a detailed time estimation based on parametric procedures. This will ensure that particular local trade professionals will be available when needed, well in advance. As a backup plan, alternate subcontractors outside the area that are sure to be available within the stipulated time, should be contacted. The book keeper in this construction company is employed only on a part time basis, and this...
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...Silver Fiddle Construction Risk Management Plan Silver Fiddle Construction Grand Junction, Colorodo (770)468-7414 Sullivan8286@hotmail.com 2/6/2013 Joshua Sullivan Unit 6 Assignment 1 Risk Management Plan (Final Course Project) Assessing and Mitigating Risk Instructor: Denise Eggersman Version # | ImplementedBy | RevisionDate | ApprovedBy | ApprovalDate | Reason | 1.0 | Joshua Sullivan> | 02/03/2013 | <Bolo and Isabella Czopek> | <02/08/2013> | Initial Risk Management Plan draft | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | TABLE OF CONTENTS 1 INTRODUCTION 1 1.1 Purpose Of The Risk Management Plan 1 2 risk management Procedure 1 2.1 Process 1 2.2 Risk Identification 1 2.3 Risk Analysis 1 2.3.1 Qualitative Risk Analysis 1 2.3.2 Quantitative Risk Analysis 2 2.4 Risk Response Planning 2 2.5 Risk Monitoring, Controlling, And Reporting 2 3 Risk Management Plan Approval 2 Conclusion 3 APPENDIX A: sWOT ANAYLSIS 4 APPENDIX B: RISK MATRIX …………………….............................................5 APPENDIX C REFERENCES……………………...............................................6 Introduction Purpose Of The Risk Management Plan * A risk is an event or condition that, if it occurs, could have a positive or negative effect on a project’s objectives. Risk Management is the process of identifying, assessing, responding to, monitoring, and reporting risks. This Risk Management Plan defines how risks associated with the Silver...
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...COVER PAGE SUMMARY RISK REPORT Name: Charles Cunningham Date: Apr 13, 2014 Course: PROJ420 Project Name: Cunningham Tiny House Project EXECUTIVE SUMMARY This report discusses the risk analysis process and results for the Cunningham Small House Project. This small house project is located on the Eastern Shore of Maryland along the Chesapeake Bay. A risk analysis was performed to study project elements that could have an impact on the project cost and schedule. The analysis measures these possible impacts and allows an opportunity to identify a strategy against said risk, such as accept, mitigate, avoid, etc. The small house movement is a popular description for the architectural and social movement that advocates living simply in small homes.” http://en.wikipedia.org/wiki/Tiny_house This project has been an idea of my wife and I for a few years now. As we are getting older and the time we have left with a house full of children is getting shorter, we had to ask ourselves, “How much do we really need? When the kids are gone and it’s just the 2 of us, what is really important to us?” The answer to these questions seems to come in the form of a much smaller home with less space and clutter to worry about. This project consist of building a house that has a total square foot of somewhere between 136 sqft up to 172 sqft. and fits onto an 18ft -20ft trailer, such as a car trailer. SCOPE AND OBJECTIVES OF REPORT This minor report discusses the risk analysis process and...
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...Business Case THE A-TEAM IIS Network & Communications Infrastructure Plan March 30, 2015 NETW 490 – Senior Project Prof. Nabeel Baig The A-Team Members: Michael Watson Jose Gutierrez Jr. Cory Brown Dean Bennett March 30, 2015 NETW 490 – Senior Project Prof. Nabeel Baig The A-Team Members: Michael Watson Jose Gutierrez Jr. Cory Brown Dean Bennett | Table of Contents | | | Executive Summary 2 Project Overview 3 1.1 Project Overview 3 1.2 Project Description 3 1.3 Alternatives Considered 3 1.4 Recommended Solution 3 1.5 Risks 3 Project Description 4 2.1 Project Background and Opportunity 4 2.2 Business Needs 4 2.3 Project Objectives 4 2.4 Organizational Benefits 15 2.5 Project Scope 5 2.6 Out of Scope 5 Alternatives and Cost/Benefit Analysis 6 3.1 [Possible Solution 1] 7 3.2 [Possible Solution 2] 7 3.3 [Possible Solution 3] 7 3.4 Comparison 7 3.5 Recommended Alternative 7 Project Risk Assessment 8 REFERENCES 9 Executive Summary | | IIS Network & Communications Infrastructure Design Plan IIS prides itself as an industry leader with product lines such as the revolutionary “” Thinking Navigator, which is a first of its kind to integrate GIS and real-time satellite imagery data with proprietary software algorithms. IIS is currently comprised of two division; Consumer and Military Defense Divisions with Corporate headquarters in Dallas and branch offices in Fairfax, Shanghai and London. The Military...
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...A Project Plan for Building a Custom Backyard Deck Duane Skidmore Iana Arsova Mara Southard Parrish Major Embry-Riddle Aeronautical University Course: PGMT 501, Fundamentals of Project Management Term: January 9 – March 11, 2012 Table of Contents Scope………………………………………………………………………………………………7 Project Charter…………………………………………………………………………………….9 Work Breakdown Structure (WBS)……………………………………………………………...14 Schedule………………………………………………………………………………………….16 Cost Estimate…………………………………………………………………………………….18 Preparation Costs………………………………………………………………………...18 Construction Costs……………………………………………………………………….19 Clean-up Costs…………………………………………………………………………...21 Project Cash Flow Plan…………………………………………………………………………..22 Resource Allocation Plan………………………………………………………………………...24 Roles and Responsibilities……………………………………………………………….24 Project Organizational Chart……………………………………………………………..25 Responsible, Accountable, Consulted, and Informed (RACI)…………………………..26 Communications Management Plan……………………………………………………………..28 Introduction………………………………………………………………………………28 Communications Management Approach………………………………………………..29 Roles……………………………………………………………………………………..29 Homeowner………………………………………………………………………29 Project Manager………………………………………………………………….29 Project Team……………………………………………………………………..30 Homeowners Association (HOA)………………………………………………..30 Design Lead……………………………………………………………………...30 Project Team Directory…………………………………………………………………..30 Guidelines for Meetings…………………………………………………………………...
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...Course Project Paper Part I Project – State-of-the-art student union DeVry University / Keller Graduate School of Management PROJ-595-63126: Project Risk Management March 25th, 2016 Professor: Dr. Jayaram Madireddy Contents 1. Introduction 3 2. Risk Managment 4 3. RISK ACCESSMENT…….……………………………………………………..10 4. Conclusion 12 5. References 13 1. Introduction “This project is to introduce a new construction facility to house a state-of-the-art student union for MSOE, focusing on sustainability, green technologies, and renewable energy”. The Campus Center, or “CC” at Milwaukee School of Engineering (MSOE) is currently home to the student bookstore, administrative offices, a small café, a variety of classrooms for different disciplines, and a third-floor lounge area for students to gather to study or relax (Milwaukee School of Engineering, 2016). This aging building has served MSOE well for many years, but the growing school requires a proper student union to remain competitive with other top ranked schools in the Midwest. This project will provide a new construction facility to house a state-of-the-art student union for MSOE, focusing on sustainability, green technologies, and renewable energy sources to showcase the commitment of MSOE to the future health and well being of the Milwaukee area. 2. Risk Management Planning When analyzing the risks that takes place during the project planning phase. what is...
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...Chapter 1 An Introduction to Project, Program, and Portfolio Management LEARNING OBJECTIVES After reading this chapter, you will be able to: Understand the growing need for better project, program, and portfolio management Explain what a project is, provide examples of projects, list various attributes of projects, and describe project constraints Describe project management and discuss key elements of the project management framework, including project stakeholders, the project management knowledge areas, common tools and techniques, and project success factors Discuss the relationship between project, program, and portfolio management and their contribution to enterprise success Describe the project management profession, including suggested skills for project, program, and portfolio managers, the role of professional organizations like the Project Management Institute, the importance of certification and ethics, and the growth of project and portfolio management software 2 OPENING CASE Doug Milis, the Chief Executive Officer (CEO) of Global Construction, Inc., was summarizing annual corporate highlights to the board of directors. Like many other large construction companies, they had a very difficult year. They had to scale down operations and let some employees go. When one of the board members asked what he was most proud of that year, Doug thought for a few seconds, and then replied, “Excellent question, Gabe. Honestly, I think the main reason we survived this...
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...2.1 Key factors in case study 2.1.1 Saving factors in the case As we know, Alexander is a forty-eight year-old CEO of Graphic Design Ltd. He draws a salary of £420,000 per annum. He and his wife Janet have a 14-year-old boy, 10-year-old girl and 3-year-old girl, named Adam, Sheila and Carina respectively. Janet is already 44 and works as her husband`s personal assistant with salary of £55,000 per annum. So the annual household income of his family is £475,000 totally. Adam and Sheila studied in a local private school. The couple will have to pay £3,000 per child per annum in school fee, what was more when Carina arrived her school age, and at that time she will probably be sent into the same school. 2.1.2 Mortgage factors in the case The Flynn’s live in a bungalow which is conservatively evaluated £1.25m in firm economic condition. They have £450,000 mortgage to pay in 14 years. They decided to build an extension which cost £300,000. They have taken out the over 20 year’s mortgage on an endowment basis. A substantial shortfall leads to policy operational problems. 2.1.3 Protection factors in the case As a Company Director and Chief Executive of a software company, Alexander is already 48 and close to his middle-age. Great work pressure may easily cause health problems. Janet is 44 and works as Alexander's personal assist. So this couple needs to protect health to deal with the pressure and workload. Their three children also need to protect health to prevent accident...
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...PM 592 COURSE PROJECT John Lawson, Mathew Freeman ENERGY EFFICIENCY INSTALLATION BUSINESS VENTURE PILOT PROJECT TABLE OF CONTENTS: Item | Page | 1.0 Executive Summary | 2 | 2.0 Project Description | 2 | 2.1 Major Activities | 3 | 2.2 Resources | 3 | 2.3 Project Milestone | 4 | 2.4 Assumptions | 4 | 2.5 Project Deliverables | 4 | 2.6 Constraints | 4 | 2.7 Risk Management | 5 | 3.0 Work Breakdown Structure | 6 | 4.0 Cost Estimates | 8 | 4.1 Cost Estimation Assumptions | 8 | 4.2 Cost & Contingency Estimation | 9 | 5.0 Financial Analysis | 11 | 6.0 Project Schedule | 12 | 7.0 References | 12 | 1.0 Executive Summary This project is a pilot project for the development of a business venture to promote the installation of energy efficiency and conservation features into homes to save home owners money through the reduction of monthly energy bill. The objective of the project is to install energy efficiency features into a home of about 2500 square feet in Atlanta, Georgia and expected to be completed within 5 months at an estimated cost of $96,558.21, using a three point estimation; and achieve about 50% savings in energy usage. The expected benefits include: * Reduced utility and maintenance costs * Increased home comfort * A healthier and safer indoor environment * Improved building durability * Ultimate increase in home value The project will begin on April 16, 2013...
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...Canada Homes Corporation Report prepared for: CHC Board of Director Prepared by: Erdell & Co., Management Consultant July 2, 2006 Executive Summary Canadian Home Corporation (CHC), a residential developer in Eastern Canada, was incorporated in 1978 and is well-known in the residential construction industry for quality and innovative design. Currently CHC is experiencing challenges in generating profitable income and meeting shareholder’s objective of annual dividends. It remains unprofitable due to rising material and labor costs, and the cyclical nature of the real estate industry. In addition, quality issues have created negative publicity that threatens the reputation of CHC. The purpose of this report is to analyze strategic and operational issues with CHC and to provide recommendations to improve the performance of the company. CHC’s external opportunities and threats that affect the company’s decision on its strategic alternatives include: increasing popularity of prefabricated housing, high demand of renovation, labor shortage, and a shortage of land available for development. In light of its internal analysis and external environment, CHC must: 1. Pursue renovation services 2. Manufacture prefabricated homes 3. Reject GH’s joint venture proposal 4. Reject rental property development proposal 5. Divest Maritimes Division To mitigate the various operational issues: 1. Declare bankruptcy for its European subsidiary ...
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...Background: RBH builds single-family and higher-density homes, such as townhouses and condominiums. RBH often had to make significant price concessions and construction costs were continuing to rise. The stock price had declined almost 50% from the all-time peak in 2005. Because the homebuilding started slowdown in early 2006, so finances were expected to be much tighter in 2007. Harry, the president resisted the idea of downsizing of the division in 2007 and wanted to keep employee team intact. RBH spends considerable effort in preparing formal land acquisition proposal, which examines the proposed building project from housing development type, construction challenges and costs, marketing prospects, and environmental concern. The Platinum Pointe deal is a large one that would bring in considerable revenue and profits in the 2008-2011 time periods. Issues Identified: 1) The first issue of the case is whether Harry Hepburn, the president of Southern California Division of Robinson Brothers Homes should make the projection on the specific project more optimistic or not. By making the revenue forecasts more optimistic, the most likely outcome is that the project will be undertaken and his team of employees will keep their position. Otherwise, at the current estimated return projections, the project is expected to be declined, and Harry’s team will be partially laid off in accordance with the Robinson Brothers Homes plan on cutting costs as the company faces the slowing...
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...For construction projects, quality control means making sure things are done according to the plans, specifications, and permit requirements. Quality is defined as 'fitness to purpose', in regards to how quality is significant for Bull’s Construction. It means providing a building that has an appropriate quality for the purpose for which it is intended. Moreover, a different way of looking at this concept is that the price of the building could potentially reflect the expectations of quality. A cheaper building probably uses inferior materials and is likely to be less attractive and less durable. Quality control in construction typically involves insuring compliance with minimum standards of material and workmanship in order to insure the performance of the facility according to the design. These minimum standards are contained in the specifications described in the previous section. For the purpose of insuring compliance, random samples and statistical methods are commonly used as the basis for accepting or rejecting work completed and batches of materials. Rejection of a batch is based on non-conformance or violation of the relevant design specifications. Procedures for this quality control practice are described in the following sections. One of the elements that our company will be utilizing to assure a quality measurement process for our projects is an inspector. An inspector tries to ensure that the job is done right the first time and that no major accidents occur...
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...moderate, Moore House is considering agreeing to complete a new home every 45 days building a total of 6 homes. Countryside has also decided to include a strict penalty if the contractors fail to deliver a home within the 45 day time period. Moore House has completed a time line of events in which they hope all homes will be completed. The contractors need to be confident they can complete the job within the allotted amount of time otherwise they are going to raise the bid on the building of the 6 houses in order to cover potential penalties. As of now, the penalty holds no exception to bad weather or unexpected delays. Moore House Contractors must now determine the scenario which will bring about the greatest length of time, if they should increase their bid to cover penalties, and determine which areas of the project may require more time and resources. Background Construction groups must have clear deadlines with precise scheduling in order to complete projects in a timely fashion according to the agreed contract. While delays are to be expected and can hinder the progress of any project, in order to keep the client happy, a construction group must take these delays into consideration of the original contract. Moore House contractors is in the situation of determining a more distinct timeline in order to complete the agreement of building a home every 45 days with a total of 6 homes (i.e. 270 days to build 6 homes). While Moore is a very confident...
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...Deliverable 2 Project Life Cycle Project Life Cycle In my last paper, I stated that I will be doing my final project on building a dream home. In this assignment, I will break down each phase. This will help me during the project life cycle and help me to understand each phase correctly. In my initiation phase, the scope of the project in question will define the approach that will be taken. This will give the correct delivery and the desired outputs need for the project. The project manager, which will be I, will appoint tasks to her hired team and in turn will select contractors based on their skills and years of experience in the field. The tools that will be used in this stage will be the Business Plan/ Case, Project Charter, Job description and the first Milestone for the project. For example, for this project I will explain in Milestone review to each person in the team, what is to happen in this phase and the dates that are important to stay on track so the project to be successful. In my next phase, which is the planning phase, I will include a detailed identification and assignment of each and every task until the closure of the project in question. This will include the risk analysis and detailed criteria for successful completion of each task and deliverable during this project. Also during this project, the stakeholder will be defined as well as the cost and budget. The most common tools that will be used will be the financial plan, Risk plan with analysis...
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...S.PALAVESAKRISHNAN palavesakrishnan@gmail.com Abstract . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Acknowledgements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Background to the Project. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Defining the Problem . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 The Nature and the Scope of the Problem . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Risk of Break-ins and Builder Security . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Selecting and Implementing the Preventive Measures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Monitoring Compliance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Evaluating the Preventive Measures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 Summary of the Results of the Experiment . ...
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