Silver fiddle construction case study

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2 Pages answer

(Page 238 Chapter 7 Managing Risk) Complete the Silver Fiddle Case Risk ManagementCase Study and answer the 3 questions presented in the case. Draw the required forms to present your answers ( I fond many answer in the Internet but the plagiarism is not allowed.)

book link https://drive.google.com/file/d/0Bz4IwUNPjmuRZ3JKb...

1. Identify potential risks associated with this project. Try to come up with at least

five different risks.

2. Use a risk assessment form similar to Figure 7.6 to analyze identified risks.

3. Develop a risk response matrix similar to Figure 7.8 to outline how you would.

Silver Fiddle Construction

You are the president of Silver Fiddle Construction (SFC), which specializes in

building high-quality, customized homes in the Grand Junction, Colorado, area.

You have just been hired by the Czopeks to build their dream home. You operate as

a general contractor and employ only a part-time bookkeeper. You subcontract

work to local trade professionals. Housing construction in Grand Junction is

booming. You are tentatively scheduled to complete 11 houses this year. You have

promised the Czopeks that the final costs will range from $450,000 to $500,000 and

that it will take five months to complete the house once groundbreaking has begun.

The Czopeks are willing to have the project delayed in order to save costs.

You have just finished a preliminary scope statement for the project (see below).

You are now brainstorming potential risks associated with the project.

deal with each of the risks.

PROJECT SCOPE STATEMENT

PROJECT OBJECTIVE

To construct a high-quality, custom home within five months at a cost not to exceed