Risk Management
You have been asked to plan the building of a single-family, partially custom-designed home as required by Mrs. and Mr. John Thomas on Strath Dr., Alpharetta, Georgia. The single-family home will have the following features:
3,200 square-feet home with 4 bedrooms and 2.5 bathrooms
Flooring—hard wood in the first floor, tiles in the kitchen and bathrooms, carpet in bedrooms
Granite kitchen countertops, GE appliances in the kitchen
3-car garage and external landscaping
Ceiling—10’ in first floor and vaulted 9’ ceilings in bedrooms
High-level Assumptions and Constraints:
The list of options is limited, and the cost of the house would vary based on options selected.
The client must choose one from among the models offered.
7-year warranty for structure and 2-year warranty for finishing components
As you begin to work with your clients and team to plan this project, you will work with your sponsor and team members to draft a risk management plan and review that with your clients. Although this is early in the planning process, it is important to advise your clients of how you plan to manage the risks as well as review with them the risks that are typically encountered in this type of customized construction project.
Based on the scenario above and your own research, review Risk Management Plan(see attachment) in the Project Management Book of Forms and complete the Table Risk Management Plan (See attachment) for this project. You can use additional details that you uncover in your research, just make those details explicit and make sure to include your sources using in-text citations and a reference list for this assignment.
