Risk Mgmt - Course Project 2- Empire State Construction
Keller Graduate School of Management [pic]
PM 595: Project Risk Management - Catastrophic Failure - Construction of Empire State Building – Project Part 2
Instructor: James Erickson
Prepared by: Venkata Kumaran (Kumaran.venkata@gmail.com)
Date: 10-Jun-2011 [pic]
TABLE OF CONTENTS
1.0 Introduction 3 2.0 Executive Summary 3 3.0 Sources of construction Project Risk 4 3.1 Timeline 4 3.2 Costs 4 3.3 Design issues 5 3.4 Force majeure 5 4.0 Systems to address construction project risk 5 4.1 Technology 7 4.2 People 7 4.3 Planning 7 5.0 Catastrophic failure fault tree 8 6.0 Discussion of the Fault Tree 9 6.1 Labor Costs 9 6.2 Material Cost 9 6.3 Site closure due to Inspection failure 10 7.0 Course Project Part I 11 8.0 Risk Register 11 9.0 Conclusion 15 10.0 References 15 11.0 Appendix 1 16 12.0 Appendix 2 17
Introduction
The Empire State Building was the tallest man-made occupied structure on the planet for more than 40 years until the construction of the World Trade Center in 1972. On St. Patrick's Day 1930, construction is to begin on the Empire state building in spite of the nation struggling with the great depression. When completed, the building’s overall height was 1472 feet (448 meters) with a cost of whopping cost of over 40 million dollars(1). It is said that design of the building changed 16 times during planning, but the 3,000 workers managed to pull it off in a record timing, 1 year and 45 days that included weekends and holidays. It is made of 60,000 tons of steel, over 10 million bricks, 200,000 cubic feet of limestone and granite, and 750 tons of stainless steel and aluminum. The architects, Shreve, Lamb and Harmon Associates, were given the brief of creating the tallest building in the world. To achieve this they decided to use a steel frame as the
PM 595: Project Risk Management - Catastrophic Failure - Construction of Empire State Building – Project Part 2
Instructor: James Erickson
Prepared by: Venkata Kumaran (Kumaran.venkata@gmail.com)
Date: 10-Jun-2011 [pic]
TABLE OF CONTENTS
1.0 Introduction 3 2.0 Executive Summary 3 3.0 Sources of construction Project Risk 4 3.1 Timeline 4 3.2 Costs 4 3.3 Design issues 5 3.4 Force majeure 5 4.0 Systems to address construction project risk 5 4.1 Technology 7 4.2 People 7 4.3 Planning 7 5.0 Catastrophic failure fault tree 8 6.0 Discussion of the Fault Tree 9 6.1 Labor Costs 9 6.2 Material Cost 9 6.3 Site closure due to Inspection failure 10 7.0 Course Project Part I 11 8.0 Risk Register 11 9.0 Conclusion 15 10.0 References 15 11.0 Appendix 1 16 12.0 Appendix 2 17
Introduction
The Empire State Building was the tallest man-made occupied structure on the planet for more than 40 years until the construction of the World Trade Center in 1972. On St. Patrick's Day 1930, construction is to begin on the Empire state building in spite of the nation struggling with the great depression. When completed, the building’s overall height was 1472 feet (448 meters) with a cost of whopping cost of over 40 million dollars(1). It is said that design of the building changed 16 times during planning, but the 3,000 workers managed to pull it off in a record timing, 1 year and 45 days that included weekends and holidays. It is made of 60,000 tons of steel, over 10 million bricks, 200,000 cubic feet of limestone and granite, and 750 tons of stainless steel and aluminum. The architects, Shreve, Lamb and Harmon Associates, were given the brief of creating the tallest building in the world. To achieve this they decided to use a steel frame as the