Weekly Discussion
CASE ASSIGNMENT 2
Refer to the project WBS from Chapter 7. You developed the WBS of multiple levels, including work packages at the lowest level based on the initial project requirements below, which were further elaborated.
Building 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 bath- rooms
· 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 bed- rooms
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
After the WBS was developed, it is necessary to identify risks associated with the project and include prioritized risks in revising cost and schedule estimates. For this purpose, you were asked to develop a comprehensive risk management plan.
Tasks to Complete
1. Identify all the risks. To do so, you will use a WBS and ask yourself, “What can go wrong with this work package?” for each work package identified at the lowest level of the WBS. Also, you can identify more risks by challenging all the assumptions listed in your project plan.
2. Develop a risk register as discussed throughout the chapter.
3. Develop a risk breakdown structure.
4. Perform qualitative assessment to prioritize risks.
5. Develop risk response strategies for the top ten risks in the prioritized list of risks.