Another variable which could cause the project to exceed the budget is scope creep. On the other hand, we assigned a likelihood factor of 2 to exceeding the budget since we feel the budget will be scrutinized over the life of the build, reducing the likelihood that it will become an issue, and an impact Silver fiddle construction case study of 4 due to its importance to the customer.
The project is estimated to take approximately five months after groundbreaking. Without a full-time bookkeeper, it would be easy for Silver Fiddle to lose track of costs, manpower scheduling and severely impede their ability to monitor the overall progress of the project.
As with most brand redesigns, we were asked to convey high quality without losing any of the current core customers. The fact that the customer has given approval for extending the due date in Silver fiddle construction case study of saving money demonstrates that a firm deadline is not a major consideration for the customer and is the Silver fiddle construction case study we assign an impact factor of 2 for this event.
The Silver Palate is a leading gourmet specialty food brand, with over 50 different products in their line. Something had to be done immediately, and all aspects of the original packaging were revised in an attempt to save the product line.
Due to confidentiality reasons, WFM cannot disclose the details of the design brief, or the research used throughout the design process, but we can share the original packaging, the range of designs considered, and all of the final graphic looks.
Finally, we have assigned responsibility for the monitoring or each risk and the implementation of the response plans. You use subcontractors to work on the houses that you have been hired to build.
This is based upon the similarities between the legacy project data and the current project scope. We felt this was in part due to a lack of equipment and manpower. Launch the video to meet your customers, Bolo and Izabella Czopek, and learn more about the dream home they are entrusting to your company.
Additionally, the customers have already expressed their preference to extend the deadline if it means a cost savings, and that is another scenario which may impact the completion date.
The Czopeks are willing to have the project delayed in order to save costs. Risk Assessment Form Risk Event Likelihood Impact Detection Difficulty Lack of preferred subcontractors 3 4 2 Exceeding five month deadline 4 2 2 Lack of available building supplies 2 3 1 Inadequate oversight due to bookkeeper continuity 4 4 1 Exceeding the budget 2 4 1 In reviewing the likelihood and impact data from Figure 1, it is clear we feel that it is very likely that the project will exceed the five month deadline and, without proactive measures now, inadequate oversight will result from the current bookkeeper arrangement.
Other supplies in short demand could be items such as lumber, concrete, plywood, shingles, drywall and other construction materials. At the same time, The Silver Palate organic line was struggling and sales were dropping due to larger and stronger brands entering the category. The redesigned brand and packaging provided the framework that allow many products to communicate as a cohesive brand in a variety of retail environments.
Since Silver Fiddle specializes in custom built homes, there is also a possibility that the Czopek have selected their home particulars, such as fixtures and other details from local vendors who may or may not have those items in stock when the time comes to purchase and install them.
The high likelihood we assign to exceeding the time limit is due to a great number of variables upon which the construction time is dependent. We feel that developing a responsible time-phased budget along with the establishment of common sense phase gates would help reduce unexpected costs and ensure the project remained on track financially.
The housing construction business in Grand Junction is booming and at this time Silver Fiddle is already under obligation to build 11 other houses in the same area. This old data is then used to devise a cost, or in this case, a timeline, which is relevant to the new procedure.
How to Write a Summary of an Article? New customers, the Czopeks, have hired you to build their dream home. With a number of other homes being built by Silver Fiddle coupled with a brisk housing market comprised of other homes being uilt simultaneously by other builders, a shortage of building materials is a real possibility.
Should any one of these variables, such as lack of personnel, key equipment, supplies, etc. These similarities are key for parametric procedures to yield accurate estimates.
The Silver Palate Case Study The first round of design concepts showed where the brand could go, and offered numerous impactful solutions for the on-shelf communication and competitive issues.
Silver Fiddle Construction Company specializes in building high-quality, customized homes in Grand Junction, Colorado.
An overview of the project specifics are: From initial design sets trough the final design as it appeared on shelf. Additionally, we feel this could also prevent Silver Fiddle from having real-time evaluation capability of other aspects of the project.
Silver Fiddle Construction Company Introduction If you decide to base your risk management plan on the Silver Fiddle Construction Company case study, keep the following information in mind as you examine the rest of the Silver Fiddle Construction Company materials.
We also assigned an impact factor of 4 to this risk event as well, since lack of fiscal oversight would render it nearly impossible to monitor and curb costs, which is a priority of the customers. Simply put, parametric procedures are methods of estimating based upon data from past projects.
Use a risk assessment matrix similar to figure 7. Now that we have clearly defined the key aspects and variables associated with this project. Although in our previous discussion, we provided detailed information about each risk, the risk assessment form includes additional information on our evaluation of the likelihood and impact of each risk.
Since the Czopek home is scheduled to be built within five months, our concern is that there will be a lack of subcontractors available to work on the home, given the booming housing market and the multiple homes being constructed simultaneously.Assignment Help >> Other Subject. Silver Fiddle Construction Case You are the president of Silver Fiddle Construction (SFC), which specializes in building high?quality, customized homes in the Grand Junction, Colorado, area.
Silver Fiddle Construction Case Study. Presentation By: Stacey R. Cook. March 25, Silver Fiddle Construction Background.
The Customers. Project Statement/Objective. Requirements of the Project. Milestones. Technical Requirements. Silver Fiddle Case Study Last modified by: Guest2. Case Study. Kerzner Office Equipment This case provides an opportunity to explore some of the issues surrounding the startup of a project and formation of a team.
The Silver Fiddle Construction Company case study. A fictitious project scenario. If you choose the Silver Fiddle Construction Company case study for your project, be sure to read the Silver Fiddle Construction Company Introduction and Silver Fiddle Construction Company Project Scope Statement linked in the Resources.
Company Introduction — Scenario As the president of Silver Fiddle Construction Company and the project manager of this building project, you are responsible for managing the project, which includes identifying potential risks and taking appropriate actions to eliminate or reduce risks.
Silver Fiddle Construction. Stacey R. Cook.
MGMT Project Management Fundamentals. March 25, Dr. Darrin DeReus. Abstract. Silver Fiddle Construction is accepting a new project for the Czopek family, in which this project happens to .Download