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Both risks are to be consideredequally dangerous in a volatile and competitive oil & gas industry. These specific risk, cost HCSI time and money and be extremely detrimental to their business. These risks can only be mitigated with continuous testing and thorough attention to detail. Building the PREsys is a risk for HCSI, so their best bet is to ensure it is successful.The growth and development of global businesses comes at a higher risk, affecting all future projects. Projects can have tight schedule deadlines, changes to budget allocation, shift in requirements, or limits on deliverables. It is possible to lessen the risk level of a project with proper planning and effective management. Project SelectionChoose Your Own ProjectRevised to accommodate PMBOK® 10thedition 5
Project CharterTemplateThis project is a rehabilitation of a single-family home under the supervision ofJackson & Marshall Investments. Established in 2010, Jackson & Marshall Investments is a nationwide real estate development firm dedicated to bringing lasting improvements to distressed communities. Acquisition and rehabilitation allow Jackson & Marshall Investments to buy and rehabilitate dilapidated houses and sell them to first time home-buyers with a rent-to-own option. This helps restore communities and provide quality, affordable houses for purchase.Project management is an important to the process of single-family home rehabilitation. Tracking the progress of each home project helps safeguard deliverables and resources while ensuring the project is staying on plan. Monitoring the construction progress scheduled deliverables and available capital is vital to any rehabilitation project. A good construction process management system will allow the developer to compare variable of current projects against previous projects such as contractors used and length of time.Stakeholders within this organization and project include the board, owners, project manager, property management director, and staff. The role of the board is within this project is to authorize property acquisition and construction financing plans, along with resolving emergency situations that require approval outside of project budget and guidelines. The role of the Project Manager is to define, monitor, and execute project plans in accordance with project budget. This includes creating the budget for board approval, using technology to manage the construction and finances of the project, hire and pay contractors, and provide the board with updates and summary upon project completion. Completion WindowRevised to accommodate PMBOK® 10thedition 6
Project CharterTemplateThe completion window for this project is 90 days from the close of acquisitionto project completion. The completion window will be divided into increments of 30, 60 and 90-day objectives with immediate deliverables. The project plan to be visible for everyone to see and will be reviewed every day in the team morning meeting.