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References case study as "Silver
Fiddle Construction" case study.
The case for week three will help the Project Manager to
identify risks and develop contingencies based on sound judgments to counter
these threats. These contingency plans will help to minimize the impact in
terms of time and materials throughout the project life. Silver Fiddle
Construction (Text pages 234-235.) The required length of writing:
three to four pages. Be sure to use APA-formatted references.
Project Management Case Study; Silver Fiddle
Construction
Student’s Name
Institutional Affiliation
Project Management
Introduction
Silver Fiddle Construction (SFC) is a construction enterprise specializing in building high-end and customized houses. The firm has been hired by a couple from Grand Junction in Colorado to build their "dream home." Despite having multiple construction sites, SFC only manages to engage a part time workforce through subcontracting local professionals. With demand for modified homes on the rise, SFC has to complete 11 houses by the end of the year. After the groundbreaking, the business estimates it will complete construction on the Czopeks’ home within five months at a cumulative cost of less than $500,000 (Larson & Gray, 2011). However, project exceeding stipulated costs, building on unstable soils, difficulty in acquiring permits, unavailability of local workers and construction taking more than five months are among the potential risks that SFC might face while working on the Czopeks’ home, prompting the formation of a risk assessment form and response matrix to show how the company will...
