"You are the president of Silver Fiddle Construction (SFC), which specializes in building high-quality, customized homes in the Grand Junction, Colorado, area. You have just been hired by the Czopeks to build their dream home. You operate as a general contractor and employ only a part-time bookkeeper. You subcontract work to local trade professionals. Housing construction in Grand Junction is booming. You are tentatively scheduled to complete 11 houses this year. You have promised the Czopeks that the final costs will range from $450,000 to $500,000 and that it will take five months to complete the house once groundbreaking has begun. The Czopeks are willing to have the project delayed in order to save costs. You have just finished a preliminary scope statement for the project (which follows). You are"

"ow brainstorming potential risks associated with the project.

1.Identify potential risks associated with this project. Try to come up with at least five different risks

. 2.Use a risk assessment form similar to Figure 7.6 to analyze identified risks.

3.Develop a risk response matrix similar to Figure 7.8 to outline how you would deal with each of the risks.

PROJECT SCOPE STATEMENT

PROJECT OBJECTIVE To construct a high-quality, custom home within five months at a cost not to exceed $500,000. DELIVERABLES

A 2,500-square-foot, 2-bath, 3-bedroom, finished home. A finished garage, insulated and sheetrocked. page 243 Kitchen appliances to include range, oven, microwave, and dishwasher. A high-efficiency gas furnace with programmable thermostat.

MILESTONES

Permits approved July 5. Foundation poured July 12. "Dry in"framing, sheathing, plumbing, electrical, and mechanical inspectionspassed September 25. Final inspection November 7.

TECHNICAL REQUIREMENTS

Home must meet local building codes. All windows and doors must pass NFRC class 40 energy ratings. Exterior wall insulation must meet an "R" factor of 21. Ceiling insulation must meet an "R" factor of 38. Floor insulation must meet an "R" factor of 25. Garage will accommodate two cars and one 28-foot-long Winnebago[...]"

"Air conditioning is not included, but house is prewired for it. SFC reserves the right to contract out services.

"