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Week 7 Assignment.docx - Question 1: Silver Fiddle...

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Question 1: Silver Fiddle Construction CaseIntroduction:The construction of house for Czopeks should take a time period of 5 months once theground-breaking starts and cost within $500,000. The Czopeks are willing to delay theproject to save cost. All the technical specifications required, milestones and acceptancecriteria are mentioned in the scope. The Silver fiddle construction company has 11 morehouses to be completed in this year. They act as general contractor and subcontract work tolocal trade professionals and employ only a part-time bookkeeper.The Potential risks with this project are:Employing a bookkeeper for only part-time might cause some accounting error whichmay cause errors in the budget (spending more money).Any mishap or customer dissatisfaction on this project will cost SFC the 11 projectsin queue. Negative feedback puts SFC in a bad place in the market.Delay of this project might cause other projects in pipeline to be delayed.Improper handling by sub-contractor can cause SFC bad remark from the customer.Unfavourable weather conditions can cause delay in the project time.

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Term
Fall
Professor
Kirk Michealson
Tags
Project Management, project manager, General contractor, Subcontractor, projectmanager

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