Comment on the implications that crashing might have on the risk of not meeting the committed due
Question:
Comment on the implications that crashing might have on the risk of not meeting the committed due date.
Bridgecon Construction Company specializes in the design and construction of steel and concrete bridges. The first phase of the company’s project management methodology, initiation, includes identification of project opportunities and assessment of its risks and alignment with strategic goals. Bridgecon’s marketing department identified an opportunity: a well-known bridge architect recently completed the concept design for a cable-stayed bridge intended to cross over electrified railway lines. Senior managers felt the company could handle the project and decided to pursue it;
this marked the beginning of the next phase, cost estimating.
The estimating team visited the site; reviewed available resources and skills; performed a detailed risk assessment; and prepared a preliminary plan for detail design, procurement, logistics, and construction.
The phase includes Activities A and B in Table 8.6, which was necessary to prepare the bid for building the bridge. The phase concluded with a presentation to the customer, the rail authority.
The project manager and the estimating team met with the architect and structural engineers to acquaint themselves with the design. They then met with the subcontractors whom they might choose to construct the pilings and fabricate steel components. Following these meetings, the initial duration estimate and initial cost estimate were completed, as listed in Table 8.6.
Step by Step Answer:
Project Management For Engineering Business And Technology
ISBN: 9780367277345,9781000092561
6th Edition
Authors: John M. Nicholas , Herman Steyn