Risk Management Plan the Silver Fiddle Construction Company Project: Czopeks Dream Home Project

3559 WordsJun 3, 201415 Pages
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…show more content…
Defined by Coopers textbook, risk is the exposure to the consequences of uncertainty and has two elements: the likelihood of something happening that has an impact on the project objectives, and the positive or negative consequences of something impacting the project objectives (Cooper, Grey, Raymond, & Walker, 2005) Table of Contents Introduction 2 Table of Contents 5 List of Tables and Figures 6 Annotated Outline 6 Project Scope Statement 8 Plan Risk Management 10 Identify Risks 10 * Input Risk Identification Tools 12 * Output Risk Identification Tools 13 Qualitative Risk Analysis 15 Quantitative Risk Analysis 16 Plan Risk Responses 16 Control Risks 17 Conclusion 19 Ref erences 20 Appendix 22 List of Tables and Figures Project Specifics 2 Identify Stakeholders 4 Colorado City Precipitation Totals 11 Grand Junction Market Value 10yr 12 Risk Matrix 13 Risk Probability 16 Risk Impact 16 Annotated Outline: 1. Introduction: * Summary of the Project * Identify Stakeholders * The purpose to develop a risk management plan 2. Plan Risk Management:

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