Risk Management Plan the Silver Fiddle Construction Company Project: Czopeks Dream Home Project
Unit 5 Assignment 1 – Course Project: Risk Management Plan
The Silver Fiddle Construction Company Project: Czopeks Dream Home Project
Matthew Daley
16 February 2014
Capella University
Professor Haziel Matias
MBA6233 – Assessing and Mitigating Risk
Section 101
Introduction:
Silver Fiddle Construction Company specializes in building high quality, customized homes in Grand Junction, Colorado. Silver Fiddle Construction Company has been contracted to build a 2,500-square foot, 2½-bath 3-bedroom finished home for Bolo and Izabella Czopek in Grand Junction, Colorado in the price range of $290,000 to $320,000. The project is expected to run from July 5th to November 7th and is expected to meet all local building codes and energy ratings. Silver Fiddle Construction Company is experienced at building homes in this market and is scheduled to build a total 11 homes this year in Grand Junction, Colorado (Gray & Larson, 2011). Project Specifics | Time | The project is estimated to take approximately five months after groundbreaking. The Czopeks are willing to have the project delayed in order to save costs. | Cost | The anticipated range is $290,000 to $320,000. | Commitments | The housing construction business in Grand Junction is booming and at this time, Silver Fiddle is already under obligation to build 11 other houses in the same area. | Resources | Silver Fiddle’s only employees are you and a part-time bookkeeper. You use subcontractors to work on the houses that you have been hired to build. |
This construction project has a short time line; however, it is important that the home be completed before the set in of winter so that other issues do not arise. Silver Fiddle will have this home built to meet the specifications of the blue prints that Bolo and Izabella Czopek provided. It will take two to three months to get all the building permits approved by the city of Grand Junction, so it is imperative to have the final blue prints
The Silver Fiddle Construction Company Project: Czopeks Dream Home Project
Matthew Daley
16 February 2014
Capella University
Professor Haziel Matias
MBA6233 – Assessing and Mitigating Risk
Section 101
Introduction:
Silver Fiddle Construction Company specializes in building high quality, customized homes in Grand Junction, Colorado. Silver Fiddle Construction Company has been contracted to build a 2,500-square foot, 2½-bath 3-bedroom finished home for Bolo and Izabella Czopek in Grand Junction, Colorado in the price range of $290,000 to $320,000. The project is expected to run from July 5th to November 7th and is expected to meet all local building codes and energy ratings. Silver Fiddle Construction Company is experienced at building homes in this market and is scheduled to build a total 11 homes this year in Grand Junction, Colorado (Gray & Larson, 2011). Project Specifics | Time | The project is estimated to take approximately five months after groundbreaking. The Czopeks are willing to have the project delayed in order to save costs. | Cost | The anticipated range is $290,000 to $320,000. | Commitments | The housing construction business in Grand Junction is booming and at this time, Silver Fiddle is already under obligation to build 11 other houses in the same area. | Resources | Silver Fiddle’s only employees are you and a part-time bookkeeper. You use subcontractors to work on the houses that you have been hired to build. |
This construction project has a short time line; however, it is important that the home be completed before the set in of winter so that other issues do not arise. Silver Fiddle will have this home built to meet the specifications of the blue prints that Bolo and Izabella Czopek provided. It will take two to three months to get all the building permits approved by the city of Grand Junction, so it is imperative to have the final blue prints
References: Coolweather.net. (2014). Colorado Annual Rainfall, Severe Weather, and Climate Data. Retrieved January 16, 2014, from Coolweather.net: http://coolweather.net/staterainfall/colorado.htm#Colorado%20climate%20data Cooper, D., Grey, S., Raymond, G., & Walker, P Gray, C., & Larson, E. (2011). Project management: The managerial process (5th ed.). House Design Software (n.d.). traditional_style_home_blueprint_l.jpg. Retrieved January 16, 2014, from housedesignsoftware.org: http://www.housedesignsoftware.org/images/traditional_style_home_blueprint_l.jpg Jannadi, O., & Almishari, S. (2003). Risk Assessment in Construction. Journal of Construction Engineering & Management, 129(5), 492 Project Management Institute. (2013). A guide to the project management body of knowledge. Raftery, J. (2000). Managing Risk in Construction Projects (Book). Construction Management & Economics, 18(1), 123-124 Yahoo!-Zillow Real Estate Network. (2014). Grand Junction Home Prices and Home Values in CO - Zillow Local Info