FIRST ASSIGNMENT

This case is a continuation of the project presented in assignment 1. The project that you have present is now approved and running for some weeks/months. However, a few unexpected circumstances have arisen.

First, the contractor doesnt seem to be progressing as quickly as you had planned, and, to make matters worse, a month of heavy rain is forecasted to delay the project further. Second, because of a recent government regulation, the cost of material has jumped by 20% and you have secured enough material to finish only 50% of the house at the old cost. Third, some environmental activists are protesting your plan to cut down some old trees near the beach even though you have violated no laws.

Be creative in approaching this case. You will have to make some assumptions to answer the following questions. Make sure that you describe all key assumptions made.

You are required to prepare a formal report on the changes that you plan to make to secure approval from your friends. The report should include:

i. An Earned Value Chart with the budgeted cost curve, planned cost curve, and actual cost curve showing the current status of the project and the schedule performance index (SPI) and cost performance index (CPI) calculated. (Note: You need to provide clear explanation and details of how the data in the chart is calculated).

Project Title:Vacation House High-Level Requirements: Project Sponsor: self-sponsored Project Manager: Date Prepared: 7th July, 2021 Project Customer: Self owend High level requirements for this project are: Project Purpose: The main purpose of this project is to build a vacation house at the shore of the lake. This project will help a lot of vacationers and toursists to settle there and enjoy their vacations peacefully. This vacation house will help them and it will be a business venture too. 1. To build vacation house at the best site place. 2. To make the vacation house of great material to stand for any disaster. 3. To build a beautiful vacation house for tourists. 4. To make a well managed and functional vacation house for facilitate people. Overall Project Risk: Project Description, Boundaries and Key Deliverables: Project Description: To build a vacation house at the shore of lake. The overall project risk involves a lot of factors in which the first factor is of Cost which may hinder the progress of the project. Secondly the technical risk may become a substantial risk in the project which will occur because of the lack of the availability of the resources and in the construction project the availability of the resources all the time is necessary. The final risk of the project is of stakeholders, all of them must agree with the progress of the project and with its future plan as the project progresses. The delivarables and objectives of the project are: 1. To build vacation house. 2. To create business venture out of vacation house. 3. To rent out exclusive lakeside holiday cottage for vacationers and facilitate them. Project Objectives Success Criteria Person Approving Stakeholder(s) Role Scope: Project manager To look over the project and team members. . All the objectives to be complete Project manager (Mohammed omar) Design and build the house Find and prepare for constraction Build a vecation house Project team members To look after suppliers, workers and subcontractors. Subcontractors To hire excellent workers and suppliers for construction. Time: Workers Project finish on Project manager (Mohammed omar) 2 months and half once its approved To construct a beautiful vacation house. 18/9/2021 7/7/2021-18/9/2021 Suppliers To supply all the material required for construction. Cost: Total cost RM71900 Project didn't excced the budget Project manager (Mohammed omar) Preapproved Financial Resources/Estimated Budget: Estimated Budget is around $71,900 Milestones Due Date Milestone 1 Project Manager Authority Level Staffing Decisions: To obtain regulatory permissions and gather enough resources to be ready to build the cottage (July 10, 2021- July 31, 2021) To make perfect decisions and deal with subcontractors so that everything works well. Milestone 2 Budget Management and Variance: To complete the construction of the house within the next 2.5 months (August 1, 2021 - October 15, 2021) Milestone 3 Role of project manager will be to make a budget plan and try to restrict to it. Moreover, project manager will make a budget sheet after dealing with contractors and sub-contractors. Activate Windows Go to Settings to activate Window To complete with the finishing work and cottage launch by the end of the 4 month (November 2021) 7-Jul-21 17-Jul-21 27-Jul-21 6-Aug-21 16-Aug-21 26-Aug-21 5-Sep-21 15-Sep-21 25-Sep-21 5-Oct-21 Tasks Things to be done before starting next task Days to complete 2 Determine exact location Determine exact location Document Review and Revision 3 Start Date 7-Jul-21 9-Jul-21 12-Jul-21 14-Jul-21 19-Jul-21 19-Jul-21 4 Site Preparation Site Work 6 Foundation Construction Document Review and Revision Site Preparation Site Work Foundation Construction Structural Steel Masonry Work Plumbing Electrical Work (wiring, etc) 4 12 20-Jul-21 15 5 Structural Steel Masonry Work Plumbing Electrical Work (wiring, etc) HVAC Roofing 3 HVAC Precedence Site preparation and location A bit of site work Basic structure Basic structure to be set to start doing this work (adding bricks) Masonry work to be completed to add pipelines Plumbing Electrical work and plumbing HVAC Roofing and HVAC Complete structure being built After HVAC and roofing After placement of doors Plaster Plaster, HVAC and electrical work All the structure and work is done 4 15 8 Carpentry Plaster 20-Jul-21 20-Jul-21 21-Jul-21 22-Jul-21 5-Aug-21 15-Aug-21 13-Aug-21 20-Aug-21 2-Sep-21 10-Sep-21 18-Sep-21 5 Doors and Windows Roofing Carpentry Plaster Doors and Windows Glazing Hardware and Millwork Painting Exterior concrete 4 Glazing Hardware and Millwork 10 5 Painting 7 Exterior concrete 1 12 Activate Windows Cost Estimates Immediate Predecessor 1 2 3 4 No. Activity 1 Determine exact location 2 Document Review 3 Site Preparation & Cost 4 Site Work 5 Foundation Construction 6 Structural Steel 7 Masonary work 8 Plumbing 9 Electrical work 10 HVAC 11 Roofing 12 Carpentry 13 Plaster 14 Doors and Windows 15 Glazing 16 Hardware and millwork 17 Painting 18 Exterior Concrete 4,5 4,5 7 7 8,9 8,9 10,11 14 Estimated Duration Cost/Day ($) Total Cost ($) 100 100 3 500 1500 5000 5000 6 500 3000 4 600 2400 12 100 12000 15 100 15000 5 300 1500 3 500 1500 4 1000 4000 15 300 4500 8 100 800 5 500 2500 4 400 1600 10 100 10000 5 300 1500 7 200 1400 12 300 3600 11 14 15 15,16 16,17 Total= $71900 No Risk Description PIC 1 Cost risk due to poor budget plan. this risk appears. Initial After Implementing Action Prob Impact Priority Initial Risk Response Action (if Required Prob Impact Priority Risk Response on Occurance of Risk High High HH Budget must be feasible at the start of the Medium Medium MM a backup loan plan must be used when project. Medium Medium MM supervisor must organized timetable at the low Medium LM spending extra time on the project will start of the project. minimize this risk. Medium Low ML Marketing of project must be started from Medium Low M New market policy will minimize this the start of the project. risk. high LH An administrative team must be formed to low low LL New administrative policy will minimize carry out the administrative activities this risk. High low HL Nil low low LL Immediate Rescue operation may minimize this risk, low 2 Time table risk due to poor time table planning 3 Marketing risk if the marketing plan is not properly handled. 4 Administration risk due to poor adminnistration. 5 outer hazard risks caused from floods, health damage to worker on construction. 6 Technical risk because of the uncertainity of resources andd availability of material. 7 logistical risk due to lack of transportation and spare parts. 8 Environmental risk due to natural disaster 9 Management risk High Low HL Low low LL A project scope must be properly defined in the start of the project. Defining new project scope will minimize this risk. low low LL Low Low LL Low Medium LM preplanned transport strategy will mitigate this issue. place must be selected by considering the environmental aspects. use skilled workers to avoid inconvinience Low Low LL Ensuring the availablity of transport will solve this risk selecting a new site for construction will minimize this risk. Immediate call for professional workers and skilled trainers Immediate contact with import dealers Medium High MH Low Low LL Low Medium LM Deal with foreign contractors Low 10 Socio-political risk due to import issues Low LL Project Title:Vacation House High-Level Requirements: Project Sponsor: self-sponsored Project Manager: Date Prepared: 7th July, 2021 Project Customer: Self owend High level requirements for this project are: Project Purpose: The main purpose of this project is to build a vacation house at the shore of the lake. This project will help a lot of vacationers and toursists to settle there and enjoy their vacations peacefully. This vacation house will help them and it will be a business venture too. 1. To build vacation house at the best site place. 2. To make the vacation house of great material to stand for any disaster. 3. To build a beautiful vacation house for tourists. 4. To make a well managed and functional vacation house for facilitate people. Overall Project Risk: Project Description, Boundaries and Key Deliverables: Project Description: To build a vacation house at the shore of lake. The overall project risk involves a lot of factors in which the first factor is of Cost which may hinder the progress of the project. Secondly the technical risk may become a substantial risk in the project which will occur because of the lack of the availability of the resources and in the construction project the availability of the resources all the time is necessary. The final risk of the project is of stakeholders, all of them must agree with the progress of the project and with its future plan as the project progresses. The delivarables and objectives of the project are: 1. To build vacation house. 2. To create business venture out of vacation house. 3. To rent out exclusive lakeside holiday cottage for vacationers and facilitate them. Project Objectives Success Criteria Person Approving Stakeholder(s) Role Scope: Project manager To look over the project and team members. . All the objectives to be complete Project manager (Mohammed omar) Design and build the house Find and prepare for constraction Build a vecation house Project team members To look after suppliers, workers and subcontractors. Subcontractors To hire excellent workers and suppliers for construction. Time: Workers Project finish on Project manager (Mohammed omar) 2 months and half once its approved To construct a beautiful vacation house. 18/9/2021 7/7/2021-18/9/2021 Suppliers To supply all the material required for construction. Cost: Total cost RM71900 Project didn't excced the budget Project manager (Mohammed omar) Preapproved Financial Resources/Estimated Budget: Estimated Budget is around $71,900 Milestones Due Date Milestone 1 Project Manager Authority Level Staffing Decisions: To obtain regulatory permissions and gather enough resources to be ready to build the cottage (July 10, 2021- July 31, 2021) To make perfect decisions and deal with subcontractors so that everything works well. Milestone 2 Budget Management and Variance: To complete the construction of the house within the next 2.5 months (August 1, 2021 - October 15, 2021) Milestone 3 Role of project manager will be to make a budget plan and try to restrict to it. Moreover, project manager will make a budget sheet after dealing with contractors and sub-contractors. Activate Windows Go to Settings to activate Window To complete with the finishing work and cottage launch by the end of the 4 month (November 2021) 7-Jul-21 17-Jul-21 27-Jul-21 6-Aug-21 16-Aug-21 26-Aug-21 5-Sep-21 15-Sep-21 25-Sep-21 5-Oct-21 Tasks Things to be done before starting next task Days to complete 2 Determine exact location Determine exact location Document Review and Revision 3 Start Date 7-Jul-21 9-Jul-21 12-Jul-21 14-Jul-21 19-Jul-21 19-Jul-21 4 Site Preparation Site Work 6 Foundation Construction Document Review and Revision Site Preparation Site Work Foundation Construction Structural Steel Masonry Work Plumbing Electrical Work (wiring, etc) 4 12 20-Jul-21 15 5 Structural Steel Masonry Work Plumbing Electrical Work (wiring, etc) HVAC Roofing 3 HVAC Precedence Site preparation and location A bit of site work Basic structure Basic structure to be set to start doing this work (adding bricks) Masonry work to be completed to add pipelines Plumbing Electrical work and plumbing HVAC Roofing and HVAC Complete structure being built After HVAC and roofing After placement of doors Plaster Plaster, HVAC and electrical work All the structure and work is done 4 15 8 Carpentry Plaster 20-Jul-21 20-Jul-21 21-Jul-21 22-Jul-21 5-Aug-21 15-Aug-21 13-Aug-21 20-Aug-21 2-Sep-21 10-Sep-21 18-Sep-21 5 Doors and Windows Roofing Carpentry Plaster Doors and Windows Glazing Hardware and Millwork Painting Exterior concrete 4 Glazing Hardware and Millwork 10 5 Painting 7 Exterior concrete 1 12 Activate Windows Cost Estimates Immediate Predecessor 1 2 3 4 No. Activity 1 Determine exact location 2 Document Review 3 Site Preparation & Cost 4 Site Work 5 Foundation Construction 6 Structural Steel 7 Masonary work 8 Plumbing 9 Electrical work 10 HVAC 11 Roofing 12 Carpentry 13 Plaster 14 Doors and Windows 15 Glazing 16 Hardware and millwork 17 Painting 18 Exterior Concrete 4,5 4,5 7 7 8,9 8,9 10,11 14 Estimated Duration Cost/Day ($) Total Cost ($) 100 100 3 500 1500 5000 5000 6 500 3000 4 600 2400 12 100 12000 15 100 15000 5 300 1500 3 500 1500 4 1000 4000 15 300 4500 8 100 800 5 500 2500 4 400 1600 10 100 10000 5 300 1500 7 200 1400 12 300 3600 11 14 15 15,16 16,17 Total= $71900 No Risk Description PIC 1 Cost risk due to poor budget plan. this risk appears. Initial After Implementing Action Prob Impact Priority Initial Risk Response Action (if Required Prob Impact Priority Risk Response on Occurance of Risk High High HH Budget must be feasible at the start of the Medium Medium MM a backup loan plan must be used when project. Medium Medium MM supervisor must organized timetable at the low Medium LM spending extra time on the project will start of the project. minimize this risk. Medium Low ML Marketing of project must be started from Medium Low M New market policy will minimize this the start of the project. risk. high LH An administrative team must be formed to low low LL New administrative policy will minimize carry out the administrative activities this risk. High low HL Nil low low LL Immediate Rescue operation may minimize this risk, low 2 Time table risk due to poor time table planning 3 Marketing risk if the marketing plan is not properly handled. 4 Administration risk due to poor adminnistration. 5 outer hazard risks caused from floods, health damage to worker on construction. 6 Technical risk because of the uncertainity of resources andd availability of material. 7 logistical risk due to lack of transportation and spare parts. 8 Environmental risk due to natural disaster 9 Management risk High Low HL Low low LL A project scope must be properly defined in the start of the project. Defining new project scope will minimize this risk. low low LL Low Low LL Low Medium LM preplanned transport strategy will mitigate this issue. place must be selected by considering the environmental aspects. use skilled workers to avoid inconvinience Low Low LL Ensuring the availablity of transport will solve this risk selecting a new site for construction will minimize this risk. Immediate call for professional workers and skilled trainers Immediate contact with import dealers Medium High MH Low Low LL Low Medium LM Deal with foreign contractors Low 10 Socio-political risk due to import issues Low LL