Design And Construction Of A Assessment Answer

This section details on the project scope for the construction of the residential home for single family. All the areas of the project scope have been stated in brief in their respective sub-sections:

Project Objective

The objective is to construct a residential home for a single family within the six months period at budget should not exceed $160,000.

Deliverables

The deliverables of the project are:
- A home spread over 2400 square foot and two bathrooms, three bedrooms.
- A garage
- Kitchen appliances
- A gas furnace in the kitchen

Milestones

Mentioned below are the milestones that will be used to monitor the project progress:
- Approval of the permit to construct the home – April 1
- Pouring of the Foundation for the construction – April 20
- Dry in. Framing, sheathing, plumbing, electrical and mechanical inspections passed – July 5
- Final Inspection – August 30

Limits and Exclusions

Mentioned below are the limits and exclusions for the development of the project:
- The construction of the home has to take place as per the specifications mentioned and the design agreed by the home owner.
- The landscaping for the home will be the responsibility of the home owner.
- Refrigerator cannot be called to be the material of inclusion while developing the Kitchen section
- The project staffs will work on the project for only five days a week from Monday to Friday and in between 9 am to 7 pm. 
Customer Feedback
Mr Jane and Mrs Jane Roy

Work Breakdown Structure

The work breakdown structure helps in identifying the tasks those need to be taken care while moving ahead with the project development (Chapman and Ward, 1996). The work breakdown structure for this project has been shown in the Appendix A. The whole project has been divided into three major areas. They are foundation, external construction and the internal construction. 
The Foundation has been divided into two sub sections, excavation and steel erection. Similarly, the external construction has been divided into masonry work and the building finishes. The third, internal construction has been divided into electrical and plumbing. These sub sections have been further broken down as depicted in the Appendix A. 

Risk Management Planning

The risk management planning in the home construction tries to consider various processes that are important to be identified for the success of the project (Munns and Bjeirmi, 1996). The risk management planning assess the hazards that are associated with the project development (Atkinson, 1999).
The risk associated with the project defines the way the project needs to be handled keeping in purview the various elements of risks while moving ahead with the project development (Morris and Hough, 1987).
Mentioned below is the strategy that has been deployed in the construction of the construction of the residence:
Avoiding the Risk: This strategy calls for changing the plan to avoid the likely occurrence of the issue.
Controlling or Mitigating the Risks: It calls for the reduction in the impact of the risk that is likely to occur
Acceptance of the risk: this strategy calls for considering the negative impact of the project risk and wait till the risk impacts the project
Transfer risk: it calls for outsourcing the risk that is about to happen. The outsourcing can be done on the financial front.
Mentioned below are potential risks associated with the project followed by possible mitigation for the same:
- Lack of risk management or the speculation of the risks associated with the project might impact the overall project. Therefore, it is suggested that the project manager should prepare the associated risk list.
- Lack of early identification may impact the overall project progress Therefore instead of waiting for the risks to occur, early identification should be calculated.
- Failure of time management is the major risk for this prototype development. Therefore, the project manager should ensure that the project moves on the stated schedule.
- The budget constraint can be the other risk factor if the project deviates. Therefore, project monitoring should be done on regular basis.
Risk Identification

Positive Risks 

Mentioned below are the positive risks that have been identified associated with the project: 
- Project is under budget
- The likeliness of quality of the home to last long then intended
- The identification of the risk that the certain tax rule change might reduce the material cost
- Better design accidently
- Innovative method by project manager to complete work faster
- Early assessment by the owner of the poor management by the project manager

Negative Risks

Mentioned below are the negative risks that have been identified associated with the project: 
1. Conflict between the project manager and the home owner arises due to the failure of project manager to fulfil a design demand.
2. Few of the key workers left the job due to less payment from the project handling company.
3. Scope of the project had not been defined properly in the beginning.
4. Scope starts to move beyond as defined in the initial.
5. Estimation might fail to be accurate.
6. Prioritisation of things that were not according to the need
7. The owner of the home has inaccurate expectation from the project
8. Inputs brought in by the owner is off poor quality such as requirements
9. The team handling the project missed to understand the project requirement
10. Poor time allocation on the resources.
11. Not well trained staffs.
12. Team not motivated to complete tasks in time.
13. Lack of flexibility in the architecture of the home.
14. Delay in the supply of material.
15. Ambiguous communication from the stakeholders.

Qualitative Risk Analysis

The negative risks mentioned above have been ranked as per the need for the response to each of them:
1. Delay in the supply of material.
2. Not well trained staffs.
3. Team not motivated to complete tasks in time.
4. Delay in the supply of material.
5. The team handling the project missed to understand the project requirement
6. Conflict between the project manager and the home owner arises due to the failure of project manager to fulfil a design demand.
7. Few of the key workers left the job due to less payment from the project handling company.
8. Scope of the project had not been defined properly in the beginning.
9. Ambiguous communication from the stakeholders.
10. Estimation might fail to be accurate.
11. Prioritisation of things that were not according to the need
12. Inputs brought in by the owner is off poor quality such as requirements
13. Poor time allocation on the resources.
14. Lack of flexibility in the architecture of the home.
15. The owner of the home has inaccurate expectation from the project

Risk Response Planning

This section details the proactive and reactive responses the project manager can use to handle the issues that might occur similar to those mentioned above:

Proactive Risk Responses

Mentioned below are the proactive responses:
Keeping spare employees for the construction project
Having extra supplier to supply the project
Estimate the scope thoroughly and reassess the regularly as project progress.

Reactive Contingency Plans

Mentioned below are the reactive contingency plans:
Having a person appointed to act at the time of any sudden changes can be the suitable way to handle the project risks.

<h2and_recommendation">Conclusion and Recommendation

The project risk management can be stated as true tool that can help the manager identify what need to be developed and what need to be handled in case of sudden changes.
The project manager needs to have various contingency plans based on the anticipation and expectation of the occurrence of the project.

Works Cited

Atkinson, R. (1999). Project management: cost, time and quality, two best guesses and a phenomenon, its time to accept other success criteria. International journal of project management, 17(6), 337-342.
Chapman, C., & Ward, S. (1996). Project risk management: processes, techniques and insights. John Wiley.
Cleland, D. I., & Ireland, L. R. (1994). Project management: strategic design and implementation (Vol. 4). New York, NY: McGraw-Hill.
Morris, P. W., & Hough, G. H. (1987). The anatomy of major projects: A study of the reality of project management.
Munns, A. K., & Bjeirmi, B. F. (1996). The role of project management in achieving project success. International journal of project management, 14(2), 81-87.
PMI Standards Committee, & PMI Standards Committee. (1996). A guide to the project management body of knowledge. Project Management Institute.