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Risk Performance Analysis I attached the project for this assignment  Part 1:  Risk Analysis Perform a Risk Analysis of your project.  Identify several

Risk Performance Analysis I attached the project for this assignment

 Part 1: 

Risk Analysis

Perform a Risk Analysis of your project.  Identify several

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Risk Performance Analysis I attached the project for this assignment

 Part 1: 

Risk Analysis

Perform a Risk Analysis of your project.  Identify several risk events, the likelihood that it will occur, the impact on the project and what phase of the project it would happen.  Next, identify the costs associated to each risk and who would be responsible of dealing with the risk. Finally, prepare a response for each risk.  You are strongly encouraged to use a variety of qualitative and quantitative risk analysis methods in this section. 

Part 2:  Performance Analysis

·  Identify what tools you would use to track your project performance once the project begins.  Explain how these tools address the following questions:

·  How would you know if you are on schedule?

·  How would you know if you are on budget, over budget or under budget?

·  When will the project be completed?

The deliverable for this part of the project will be a formal letter to your supervisor (your instructor) that explains your project risk and performance analysis for the project.  You will need to show your calculations in an appendix. 

You will submit the letter as a MS Word file. 8

Lake House Project Part 1 & 2

Herbert Greene

Week 3 Assignment
Dr. Cuffee
August 3, 2021

PART 1

Project Scope

Project Objective

The project involves construction of a lake house project whereby assorted size rental units will be constructed on a 500*500 feet piece of land that is part of my investment for the project apart from the fronted investment fund. The rental units are projected to have a return of $5,000, $8,000 and $10,000. This project is supposed to provide a viable investment opportunity as a real estate venture by providing executive housing solution to the growing population in Denver.

Project Deliverables

The project Deliverables include 6 mansionettes fully built with both standard interior and exterior features.

Milestones

· Mobilization of onsite requirements installations
· Laying of foundation
· Concrete Forming and Pouring – Floors and Roof
· Masonry work
· Roofing
· Installing finishes
· Plumbing
· Electrical
· Heating and ventilating
· Complete final Inspection

Technical Requirements

· Electricals
· Heating and ventilating equipment
· Logistics

Project Constraints

Lack of enough time to complete milestones. Since the project works on estimated time, the project is exposed to the risk of falling behind schedule if one phase of the projects slacks.
Lack of enough capital. Since funding will mainly come from different stakeholders, reliance on them as a source of funding exposes the project to delays when a stakeholder fails behind in their payments.
Insufficient human resource. The project is a labour intensive project thus having reliable skilled and non-skilled workers will be paramount in making sure the project does not stall.

Ethical and Social Responsibility considerations

Reduction in carbon footprints through the use of solar energy and biogas as the main source of lighting and heating for the houses.
85% of supplies for the project, including labor and construction materials will mainly come from established manufacturers or suppliers from the Denver locality as a mode of benefiting the local environment.
The Lake housing will also prioritize the needs of local citizens concerning the project, for example effect of the project on social integration during the planning phase of the project.

Customer review

(Enter Instructor’s feedback)

PART 2

Formal Letter to the Instructor

Herbert Greene
Antietam Dr
Locust Grove, VA

(Dr. Cuffee), Designation

Dear Sir

I hereby write to provide a general overview of the Work Breakdown Structure for the Lake House Project (LHP). The project will mainly involve four resources including General contractor, Architect, Owner, & Mortgage lender. The project will start immediately after the finalization of plans and development of estimates among the management and external stakeholders. This will be followed by the application of necessary from authorities responsible in Denver including HVAC permit. The provision will be followed by the site work for preparation of the main construction site. This involves clearing and grubbing the unnecessary lot and installing ground and power service. Accomplishment of this step will be an important process in supporting establishment of the main foundation for the housing units including excavating and laying foundation for basement walls. This notion will be followed by framing and Dry In. The exterior walls finishing will be the next step which will be done concurrently with the plumbing and interior finishing. The last stage will involve landscaping and ground works which involves installing backyard fences and establishing concrete driveways and sidewalks. Finally, the project manager will evaluate and submit a final report on the project whereby the deliverables will be assessed for their quality.
Attached is a Gantt Chart providing a visualization of the WBS including the critical paths for the project.
Yours sincerely
(Student Name), Project Manager

Gantt Chart

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