Silver Fiddle Construction Company Introduction
If you decide to base your risk management plan on the Silver Fiddle Construction Company
case study, keep the following information in mind as you examine the rest of the Silver Fiddle
Construction Company materials.
As the president of Silver Fiddle Construction Company and the project manager of this
building project, you are responsible for managing the project, which includes identifying
potential risks and taking appropriate actions to eliminate or reduce risks.
Silver Fiddle Construction Company specializes in building high-quality, customized homes in
Grand Junction, Colorado. New customers, the Czopeks, have hired you to build their dream
home. An overview of the project specifics are:
Time: The project is estimated to take approximately five months after
groundbreaking. The Czopeks are willing to have the project delayed in
order to save costs. Cost: The anticipated range is $290,000 to $320,000. Commitments: The housing construction business in Grand Junction is booming and at
this time Silver Fiddle is already under obligation to build 11 other
houses in the same area. Resources: Silver Fiddle’s only employees are you and a part-time bookkeeper. You
use subcontractors to work on the houses that you have been hired to
build. Launch the video to meet your customers, Bolo and Izabella Czopek, and learn more about the
dream home they are entrusting to your company. 1
MBA, Capella Business 6233 Homework Needed:
the five stages of risk management:
- Establish the context.
- Identify the risks.
- Analyze the risks.
- Evaluate the risks.
- Treat the risks.
Identify a project-related problem that you have experienced (or are experiencing), and prepare a short summary that applies each of these stages, from initial problem to the final opportunity. You may decide to convert your summary into a risk management map to visually chart your results. Post your summary or risk management map in the discussion area. Describe your process and any questions you have.
