Overview In this discussion, continue to analyze the personal project identified in the Module 1 Discussion.

Instructions Create a simple budget for this project. Make sure to note the type of estimating used along with a summary of that estimating method.

Personal Project Module 1 Discussion

Project charter for a home renovation project, which involves remodeling multiple rooms and meets the specified budget criteria:

Project Charter:Home Renovation Project

Project Title:Kitchen and Living Room Renovation

Project Description:This project comprehensively renovates my home's kitchen and living room areas to create a more modern, functional, and aesthetically pleasing living space.

Project Objectives:

• Functional Upgrade:Enhance the functionality of the kitchen and living room by optimizing layout and storage solutions.
• Aesthetic Improvement:Update the interior design to align with contemporary aesthetics, creating a cohesive and visually appealing space.
• Increase Property Value:Increase the home's overall market value through strategic renovations that appeal to potential buyers.
• Enhance Energy Efficiency:Incorporate energy-efficient appliances, lighting, and materials to reduce long-term utility costs.
• Project Completion:Finish the renovation within a timeline of 4 months, from September to December, and stay within the allocated budget of $90,000.

Project Scope:

• Kitchen Renovation:Demolition of existing kitchen, installation of new cabinets, countertops, appliances, flooring, and lighting.
• Living Room Renovation:Removal of old furniture and decor, installation of new flooring, lighting fixtures, and wall treatments.
• Interior Design:Selection of color palettes, materials, and furnishings that create a cohesive look between the kitchen and living room.
• Structural Changes:Limited to non-load-bearing walls and partitions. No significant structural alterations will be made.
• Exclusions:Renovations outside the kitchen and living room are not included in other house parts.

Project Deliverables:

• Fully renovated and functional kitchen with updated appliances, cabinetry, and lighting.
• Revamped living room with new flooring, lighting fixtures, and aesthetic decor.
• Interior design plan and selection of furnishings that tie the spaces together.
• Project documentation, including before-and-after photos, receipts, and invoices.

Constraints:

• Available budget: $90,000.
• Timeline: September to December.
• Local building codes and permits must be followed.
• Limited to the kitchen and living room areas.

Risks:

• Delays due to unforeseen structural issues or supply chain disruptions.
• Design changes leading to budget overruns.
• Coordination challenges among contractors and suppliers.

Stakeholders:

• Homeowner (myself)
• Contractors and subcontractors (designers, carpenters, electricians, painters, etc.)
• Suppliers of materials and furnishings
• Neighbors (potential noise and disruption)
• Future homebuyers (increased property value)

Project Approval:This project charter is approved by the homeowner (myself) and will be executed as outlined above.