Project Management-Construction of the new house Case Solution
Project Introduction
The case discusses the construction of a new double story house and the period of development of the project implemented for the particular house. It is identified that a series of work break down structure would be involved to execute the project; also the project schedule and the budget would include analyzing the worth of the project in the particular period of time. The risk factors are also considered in the project and thus, analyze the outcome and mitigation factors to control and to complete the project under the expected duration. These activities would contribute in executing the project properly and decrease the threat of additional time of task performance and the cost associated with it.
Risk identification
Risk factor | Level of occurrence | Probability |
Incomplete structure | High | 40% |
Lack of resources | Medium | 25% |
Environmental threats | Medium | 15% |
Site location | Medium | 15% |
Communication breakdown between project team | Low | 5% |
Risk Analysis
Incomplete structure
If the project would complete under the weak structure then there would be a high risk factor due to the threat of permanent damage of the house in future, which could decrease the worth of the house under obsolete value.
Lack of resources
There is also a threat unavailability of the resources that would delay the duration of the project and also increase project cost under additional period. This factor is directly proportional to the project extra cost that would be expensive for the project manager to implement under the selected period.
Environmental threats
Due to the external threat of natural disaster, a project might be damaged internally because of an earthquake or any other natural threat that would destroy the structure internally.
Site location
If the construction would be developed in arural area instead of urban,then there is always an issue of the security as well as lack of needs like food shelter or other resources. Thus, constructing in arural area would damage the house value in the future as well.
Communication breakdown between project team
With the changes in the project schedule, there is also a threat of miscommunication between the project team members. This would inefficiently increase the additional time to complete the project due to the conflicts of changing the project schedule as per project team members. Certain issues would contribute to increase the duration of the project for certain period of time.
Risk Mitigation
From the following analysis of risk involved in the project, it has been determined that various processes would mitigate such type of risks in order to decrease the threat of longer duration to complete the house.
Incomplete Structure
In order to mitigate the risk of incomplete structure, the project should be followed by the proper schedule as well as the team should work with the project team. The schedule should also be extracted into different tasks that should be assigned to the workers under specialties that they consist offor the particular task. This would allow to develop the expected duration of 90 in order to achieve the desired results and effectively develop the structure under the project requirements.
Lack of resources
To mitigate the risk of unavailability of resources, the project should be followed by the flexible work schedule of the related workers.This would decrease the pressure of extra working hours from each worker. The other resources increase the availability of the material for the construction, so the agreement of the supply of material should be implemented before the start of the project in order to hold it on the current situation when the task would allow allocating the material..................
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