SlideShare a Scribd company logo
1 of 11
PROJECT RISK MANAGEMENT
Project
Recreation Area
Reese Boone
11/28/2015
1
1. STAKEHOLDERS
1.1 – Neighbors
1.1.1 – The neighbor has not been fully briefed about the project and does
NOT like loud noise.
1.2 - The wife has safety concerns
1.2.1 – The wife might turn down the project.
1.3 - Children
1.3.1 – The children ages are 5, 8, and 10 and his children’s friends.
1.4 Weather
1.4.1 – The weather can cause work delays.
2. PERPETRATION
2.1 – Design
2.1.1 – Safety for the children for the zip line and for the tree fort
2.1.2 – Place for water to runoff from the drinking fountain out of the
property.
2.1.3 – Location of existing utility lines after the grading and trenching / or
rocks and large tree roots.
2.1.4 – Older children might be leaving the gate open to access the drinking
fountain.
2.2 – Clear land and grading
2.2.1 – Cut and split wood and sell if possible (seek opportunity).
2.2.2 – Grading might need to add or remove extra dirt could add to cost.
2
2.2.3 – Order of operation for installing the new underground utility lines.
2.3 – Materials and equipment
2.3.1 – Rising cost of materials.
2.3.2 – Equipment cost more than expected or projected.
2.3.3 – Ground cover not surviving.
RISK CONTROLS
1. STAKEHOLDERS
1.1 – Neighbors
1.1.1 – Hours of work will need to be from 8.00 a.m. till 6.00 p.m. –
Monday to Saturday.
1.2 – Wife concerns
1.2.1 – Design the safety features for the zip line and the tree house.
1.3 – Children
1.3.1 – Add sides walk from the left side of the house and from the deck
to the basketball court.
1.4 – Weather
1.4.1 – We will need to work in good weather conditions, because any
bad weather can cause work delays.
2. PREPARATIONS
2.1 – Design
2.1.1 – Add a safety net under the tree fort and the zip line – make the
elevation go from 7 foot to 5 foot – Note: (Average 8 year old child
3
is 40 – 48 inches tall, this places their feet anywhere from 3 foot 8
inches to a -4 inches off the ground. OSH standards no fall
protection is needed for anything less than 6 foot. )
2.1.2 – Create a field drain next to drinking fountain.
2.1.3 – Check with the city for location of existing utility lines.
2.1.4 – Make a two sided drinking fountain one side inside the fence the
other on the outside.
2.2 – Clear and grading
2.2.1 – Cut split and sell wood add possible earnings to the project.
2.2.2 – Survey the area to have a better understanding of the grading.
2.2.3 Cut utility trenches before grading to reduce cost and have lines in
place before concrete is poured.
2.3 - Materials and equipment
2.3.1 – Buy materials during seasonal sales at discounted price
(possible savings opportunity).
2.3.2 – Buy equipment during seasonal sales also at discounted price
(Possible savings opportunity).
2.3.3 – Research ground cover requirements so that the right ground
cover is used.
4
5
RISK SUMMARY
1.1.1 - Due to Neighbor complaining of noise and police halting work, it is possible
that this could impact the project schedule, which could result in the project
completion date later than expected.
1.2.1 - Due to Wife safety concerns, it is possible that this could impact the project
budget, which could result in inefficient funding of the project objectives.
1.3.1 - Due to children creating a mud path it is possible that a sidewalk may need to
be added, which could result in an increase in project budget.
6
1.4.1 - Due to poor weather conditions, it is possible that this can cause work delays,
which could result in a delayed completion date.
2.1.1 - Due to safety for children, it is possible that adjustments need to be made in
the zip line and tree fort design, which could result in increased cost on a project
objective.
2.1.2 - Due to water runoff from the drinking fountain, it is possible that a field drain
may need to be added, which could result in increased cost on a project objective.
2.1.3 - Due to unknown location of existing utility lines, it is possible that the city may
have to mark the location, which could result in rerouting new utility lines and
extending more time and increased cost on a project objective.
2.1.4 - Due to older children leaving gate open to access the drinking fountain, it is
possible that a two sided drinking fountain cloud be used so it is on the inside and
outside of the fence, which could result in increased cost on a project objective.
2.2.1 - Due to trees being removed, it is possible that the wood can be sold, which
could result in reduce cost on a project objective.
2.2.2 - Due to current ground conditions, it is possible that the land will need
surveyed, which could result in increased cost and time on a project objective.
2.2.3 - Due to machinery cost and accessibility, it is possible that the trenches for the
new utility line will need to be cut and lines installed before grading, which could
result in reduced time and cost on a project objective.
2.3.1 - Due to fluctuating cost of materials, it is possible that seasonal sale could be
utilized, which could result in reduced cost on a project objective.
7
2.3.2 - Due to fluctuating cost of outdoor equipment, it is possible that that seasonal
sale could be utilized, which could result in reduced cost on a project objective.
2.3.3 - Due to ground cover requirements, it is possible that the ground cover would
not survive, which could result in increased cost and time on a project objective.
ASSUMPTIONS
 What assumptions did you have to make about the project to identify the
risks?
1. The neighbor might not complain if the work is done during working hours.
2. The wife might agree to the project if safety measures are taken.
3. Weather will not impact the project to much if we are working from spring to
fall season.
4. The children are average size and their ages were taken in consideration.
5. There is a need for a drain by the drinking fountain.
6. They have no idea where the existing utility lines are and could be in the way.
7. They would like to keep the smaller children in the fence.
8. They would like to keep the grass nice and mud out of the house.
9. Orientation of the house for the side walk.
10.They did not plan to rough in the new utility lines before grading and pouring
concrete.
11.They did not look at what type of ground cover to put in.
12.Outdoor equipment and materials have annual sales.
13.The brother is able to cut down trees and cut and split the wood.
8
 What assumptions did you have to make to qualify and quantify the risks?
1. What was important to the stake holders in relation to the project objectives?
2. The cost of labor.
3. The cost of materials.
4. The importance of time.
5. The importance of cost.
6. The importance of safety.
7. Possible impact of risk on cost, time, and schedule.
 What additional information would have made the risk management planning
process easier?
1. An actual physical observation of the project location and layout.
2. The attitude and personality of stakeholders (likes, dislikes, values).
3. The cost of individual items and materials.
4. The cost of labor for individual tasks.
5. Ground conditions such as slope and material.
6. The project parameters like dimensions.
7. Location for weather conditions and ground type and ground cover type.
9
 How would you recommend that your brother track and control risks
throughout the project?
The created tables might be too complex for the brother to follow so by creating a
simplified checklist will allow him to keep in check any possible or additional risk
not previously mentioned on this project. This will allow him to stay within budget
as much as possible. If there are any significant changes to any of the
requirements on this project it will make the budget fall out of the contingency
plan.
A section for the brother to annotate or add comments during the project or
maybe document any new risk or possible risk that will allow us to continue on
target or at least find a way to mitigate any additional risk or possibly by avoiding
it completely.
Then again any additional risk that was not foreseen during the risk management
of this project will cause the project to fall out of the contingency plan. We were
very thorough in trying to identify any possible risk or threat to this project.
10
Works Cited
D. Cooper,S.G. (2012). ProjectRisk ManagementGuidelines. New Jersey:WileyCustomLearning
Solutions.
Institute,P.M.(2013). ProjectManagementBody of Knowledge(PMBOKGuide) Fifth Edition.
Pennsylvania:ProjectManagementInstitute.
Services,I.E.(2014, January 8). ProjectRecreationArea. Study GuideWeek5.

More Related Content

Similar to PROJECT RISK MANAGEMENT

Project Management Executive Final Copy of Paper 2.0
Project Management Executive Final Copy of Paper 2.0Project Management Executive Final Copy of Paper 2.0
Project Management Executive Final Copy of Paper 2.0Jonathan Cogdill
 
Introduction to Site Investigation Methods
Introduction to Site Investigation MethodsIntroduction to Site Investigation Methods
Introduction to Site Investigation MethodsMohdBilal430488
 
Bps 5205 sustainability construction and maintainability velpandi & maria
Bps 5205  sustainability construction and maintainability  velpandi & mariaBps 5205  sustainability construction and maintainability  velpandi & maria
Bps 5205 sustainability construction and maintainability velpandi & mariaMaria Archana
 
A Descriptive Study on Construction Progress Involved in Apartment Building
A Descriptive Study on Construction Progress Involved in Apartment BuildingA Descriptive Study on Construction Progress Involved in Apartment Building
A Descriptive Study on Construction Progress Involved in Apartment BuildingIRJET Journal
 
Video casestudy answers (1)
Video casestudy answers (1)Video casestudy answers (1)
Video casestudy answers (1)ArpanTapdiya
 
Proposal of residential area
Proposal of residential areaProposal of residential area
Proposal of residential areaJamie Lee
 
Ici project brief
Ici project briefIci project brief
Ici project briefJian Leo
 
Project brief
Project brief Project brief
Project brief PK146
 
Automatic Water Sprinkling Through Real Time Estimation Of Soil Moisture Co...
Automatic Water Sprinkling Through Real Time Estimation Of Soil Moisture   Co...Automatic Water Sprinkling Through Real Time Estimation Of Soil Moisture   Co...
Automatic Water Sprinkling Through Real Time Estimation Of Soil Moisture Co...Rajesh Gangireddy
 
Ici indi final project
Ici indi final project Ici indi final project
Ici indi final project Jia San Oljs
 
Green Building and Technology Unit 2
Green Building and Technology Unit 2Green Building and Technology Unit 2
Green Building and Technology Unit 2Chaitanya Nagare
 
IRJET- Analysis of Flood Resistant Rehab Shelter
IRJET- Analysis of Flood Resistant Rehab ShelterIRJET- Analysis of Flood Resistant Rehab Shelter
IRJET- Analysis of Flood Resistant Rehab ShelterIRJET Journal
 
Residential Building Construction Report
Residential Building Construction ReportResidential Building Construction Report
Residential Building Construction ReportMdSuhailAkhtar
 

Similar to PROJECT RISK MANAGEMENT (20)

Project Management Executive Final Copy of Paper 2.0
Project Management Executive Final Copy of Paper 2.0Project Management Executive Final Copy of Paper 2.0
Project Management Executive Final Copy of Paper 2.0
 
Karar mazin
Karar mazinKarar mazin
Karar mazin
 
Introduction to Site Investigation Methods
Introduction to Site Investigation MethodsIntroduction to Site Investigation Methods
Introduction to Site Investigation Methods
 
Bps 5205 sustainability construction and maintainability velpandi & maria
Bps 5205  sustainability construction and maintainability  velpandi & mariaBps 5205  sustainability construction and maintainability  velpandi & maria
Bps 5205 sustainability construction and maintainability velpandi & maria
 
A Descriptive Study on Construction Progress Involved in Apartment Building
A Descriptive Study on Construction Progress Involved in Apartment BuildingA Descriptive Study on Construction Progress Involved in Apartment Building
A Descriptive Study on Construction Progress Involved in Apartment Building
 
Project Brief
Project BriefProject Brief
Project Brief
 
Video casestudy answers (1)
Video casestudy answers (1)Video casestudy answers (1)
Video casestudy answers (1)
 
Ici individual
Ici individualIci individual
Ici individual
 
Proposal of residential area
Proposal of residential areaProposal of residential area
Proposal of residential area
 
Ici project brief
Ici project briefIci project brief
Ici project brief
 
Student Project
Student ProjectStudent Project
Student Project
 
Project brief
Project brief Project brief
Project brief
 
Automatic Water Sprinkling Through Real Time Estimation Of Soil Moisture Co...
Automatic Water Sprinkling Through Real Time Estimation Of Soil Moisture   Co...Automatic Water Sprinkling Through Real Time Estimation Of Soil Moisture   Co...
Automatic Water Sprinkling Through Real Time Estimation Of Soil Moisture Co...
 
Ici indi final project
Ici indi final project Ici indi final project
Ici indi final project
 
[IJET-V1I4P4] Authors :Pradeep S P, Vinay A
[IJET-V1I4P4] Authors :Pradeep S P, Vinay A[IJET-V1I4P4] Authors :Pradeep S P, Vinay A
[IJET-V1I4P4] Authors :Pradeep S P, Vinay A
 
Ici final 2
Ici final 2Ici final 2
Ici final 2
 
Green Building and Technology Unit 2
Green Building and Technology Unit 2Green Building and Technology Unit 2
Green Building and Technology Unit 2
 
IRJET- Analysis of Flood Resistant Rehab Shelter
IRJET- Analysis of Flood Resistant Rehab ShelterIRJET- Analysis of Flood Resistant Rehab Shelter
IRJET- Analysis of Flood Resistant Rehab Shelter
 
Residential Building Construction Report
Residential Building Construction ReportResidential Building Construction Report
Residential Building Construction Report
 
Seminar on Robotics in Construction
Seminar on Robotics in ConstructionSeminar on Robotics in Construction
Seminar on Robotics in Construction
 

More from Reese Boone

Leadership manual presentation
Leadership manual presentationLeadership manual presentation
Leadership manual presentationReese Boone
 
Project Situation
Project SituationProject Situation
Project SituationReese Boone
 
Project global systems development corporation
Project global systems development corporationProject global systems development corporation
Project global systems development corporationReese Boone
 
Darpa final paper
Darpa final paperDarpa final paper
Darpa final paperReese Boone
 
Final research paper
Final research paperFinal research paper
Final research paperReese Boone
 
Project Machine Shop
Project Machine ShopProject Machine Shop
Project Machine ShopReese Boone
 
Updating Equipment
Updating EquipmentUpdating Equipment
Updating EquipmentReese Boone
 
Building a garage
Building a garageBuilding a garage
Building a garageReese Boone
 

More from Reese Boone (10)

TEAM LEADERSHIP
TEAM LEADERSHIPTEAM LEADERSHIP
TEAM LEADERSHIP
 
Leadership manual presentation
Leadership manual presentationLeadership manual presentation
Leadership manual presentation
 
Project Situation
Project SituationProject Situation
Project Situation
 
Project global systems development corporation
Project global systems development corporationProject global systems development corporation
Project global systems development corporation
 
Man cave
Man caveMan cave
Man cave
 
Darpa final paper
Darpa final paperDarpa final paper
Darpa final paper
 
Final research paper
Final research paperFinal research paper
Final research paper
 
Project Machine Shop
Project Machine ShopProject Machine Shop
Project Machine Shop
 
Updating Equipment
Updating EquipmentUpdating Equipment
Updating Equipment
 
Building a garage
Building a garageBuilding a garage
Building a garage
 

Recently uploaded

crisiscommunication-presentation in crisis management.pptx
crisiscommunication-presentation in crisis management.pptxcrisiscommunication-presentation in crisis management.pptx
crisiscommunication-presentation in crisis management.pptxSamahhassan30
 
Introduction to LPC - Facility Design And Re-Engineering
Introduction to LPC - Facility Design And Re-EngineeringIntroduction to LPC - Facility Design And Re-Engineering
Introduction to LPC - Facility Design And Re-Engineeringthomas851723
 
Fifteenth Finance Commission Presentation
Fifteenth Finance Commission PresentationFifteenth Finance Commission Presentation
Fifteenth Finance Commission Presentationmintusiprd
 
VIP Kolkata Call Girl Rajarhat 👉 8250192130 Available With Room
VIP Kolkata Call Girl Rajarhat 👉 8250192130  Available With RoomVIP Kolkata Call Girl Rajarhat 👉 8250192130  Available With Room
VIP Kolkata Call Girl Rajarhat 👉 8250192130 Available With Roomdivyansh0kumar0
 
Reflecting, turning experience into insight
Reflecting, turning experience into insightReflecting, turning experience into insight
Reflecting, turning experience into insightWayne Abrahams
 
LPC Warehouse Management System For Clients In The Business Sector
LPC Warehouse Management System For Clients In The Business SectorLPC Warehouse Management System For Clients In The Business Sector
LPC Warehouse Management System For Clients In The Business Sectorthomas851723
 
Board Diversity Initiaive Launch Presentation
Board Diversity Initiaive Launch PresentationBoard Diversity Initiaive Launch Presentation
Board Diversity Initiaive Launch Presentationcraig524401
 
CEO of Google, Sunder Pichai's biography
CEO of Google, Sunder Pichai's biographyCEO of Google, Sunder Pichai's biography
CEO of Google, Sunder Pichai's biographyHafizMuhammadAbdulla5
 
LPC Operations Review PowerPoint | Operations Review
LPC Operations Review PowerPoint | Operations ReviewLPC Operations Review PowerPoint | Operations Review
LPC Operations Review PowerPoint | Operations Reviewthomas851723
 
Day 0- Bootcamp Roadmap for PLC Bootcamp
Day 0- Bootcamp Roadmap for PLC BootcampDay 0- Bootcamp Roadmap for PLC Bootcamp
Day 0- Bootcamp Roadmap for PLC BootcampPLCLeadershipDevelop
 
Pooja Mehta 9167673311, Trusted Call Girls In NAVI MUMBAI Cash On Payment , V...
Pooja Mehta 9167673311, Trusted Call Girls In NAVI MUMBAI Cash On Payment , V...Pooja Mehta 9167673311, Trusted Call Girls In NAVI MUMBAI Cash On Payment , V...
Pooja Mehta 9167673311, Trusted Call Girls In NAVI MUMBAI Cash On Payment , V...Pooja Nehwal
 
ANIn Gurugram April 2024 |Can Agile and AI work together? by Pramodkumar Shri...
ANIn Gurugram April 2024 |Can Agile and AI work together? by Pramodkumar Shri...ANIn Gurugram April 2024 |Can Agile and AI work together? by Pramodkumar Shri...
ANIn Gurugram April 2024 |Can Agile and AI work together? by Pramodkumar Shri...AgileNetwork
 
CALL ON ➥8923113531 🔝Call Girls Charbagh Lucknow best sexual service
CALL ON ➥8923113531 🔝Call Girls Charbagh Lucknow best sexual serviceCALL ON ➥8923113531 🔝Call Girls Charbagh Lucknow best sexual service
CALL ON ➥8923113531 🔝Call Girls Charbagh Lucknow best sexual serviceanilsa9823
 

Recently uploaded (17)

crisiscommunication-presentation in crisis management.pptx
crisiscommunication-presentation in crisis management.pptxcrisiscommunication-presentation in crisis management.pptx
crisiscommunication-presentation in crisis management.pptx
 
Introduction to LPC - Facility Design And Re-Engineering
Introduction to LPC - Facility Design And Re-EngineeringIntroduction to LPC - Facility Design And Re-Engineering
Introduction to LPC - Facility Design And Re-Engineering
 
Fifteenth Finance Commission Presentation
Fifteenth Finance Commission PresentationFifteenth Finance Commission Presentation
Fifteenth Finance Commission Presentation
 
VIP Kolkata Call Girl Rajarhat 👉 8250192130 Available With Room
VIP Kolkata Call Girl Rajarhat 👉 8250192130  Available With RoomVIP Kolkata Call Girl Rajarhat 👉 8250192130  Available With Room
VIP Kolkata Call Girl Rajarhat 👉 8250192130 Available With Room
 
Call Girls Service Tilak Nagar @9999965857 Delhi 🫦 No Advance VVIP 🍎 SERVICE
Call Girls Service Tilak Nagar @9999965857 Delhi 🫦 No Advance  VVIP 🍎 SERVICECall Girls Service Tilak Nagar @9999965857 Delhi 🫦 No Advance  VVIP 🍎 SERVICE
Call Girls Service Tilak Nagar @9999965857 Delhi 🫦 No Advance VVIP 🍎 SERVICE
 
Reflecting, turning experience into insight
Reflecting, turning experience into insightReflecting, turning experience into insight
Reflecting, turning experience into insight
 
LPC Warehouse Management System For Clients In The Business Sector
LPC Warehouse Management System For Clients In The Business SectorLPC Warehouse Management System For Clients In The Business Sector
LPC Warehouse Management System For Clients In The Business Sector
 
Board Diversity Initiaive Launch Presentation
Board Diversity Initiaive Launch PresentationBoard Diversity Initiaive Launch Presentation
Board Diversity Initiaive Launch Presentation
 
CEO of Google, Sunder Pichai's biography
CEO of Google, Sunder Pichai's biographyCEO of Google, Sunder Pichai's biography
CEO of Google, Sunder Pichai's biography
 
Rohini Sector 16 Call Girls Delhi 9999965857 @Sabina Saikh No Advance
Rohini Sector 16 Call Girls Delhi 9999965857 @Sabina Saikh No AdvanceRohini Sector 16 Call Girls Delhi 9999965857 @Sabina Saikh No Advance
Rohini Sector 16 Call Girls Delhi 9999965857 @Sabina Saikh No Advance
 
LPC Operations Review PowerPoint | Operations Review
LPC Operations Review PowerPoint | Operations ReviewLPC Operations Review PowerPoint | Operations Review
LPC Operations Review PowerPoint | Operations Review
 
sauth delhi call girls in Defence Colony🔝 9953056974 🔝 escort Service
sauth delhi call girls in Defence Colony🔝 9953056974 🔝 escort Servicesauth delhi call girls in Defence Colony🔝 9953056974 🔝 escort Service
sauth delhi call girls in Defence Colony🔝 9953056974 🔝 escort Service
 
Day 0- Bootcamp Roadmap for PLC Bootcamp
Day 0- Bootcamp Roadmap for PLC BootcampDay 0- Bootcamp Roadmap for PLC Bootcamp
Day 0- Bootcamp Roadmap for PLC Bootcamp
 
Becoming an Inclusive Leader - Bernadette Thompson
Becoming an Inclusive Leader - Bernadette ThompsonBecoming an Inclusive Leader - Bernadette Thompson
Becoming an Inclusive Leader - Bernadette Thompson
 
Pooja Mehta 9167673311, Trusted Call Girls In NAVI MUMBAI Cash On Payment , V...
Pooja Mehta 9167673311, Trusted Call Girls In NAVI MUMBAI Cash On Payment , V...Pooja Mehta 9167673311, Trusted Call Girls In NAVI MUMBAI Cash On Payment , V...
Pooja Mehta 9167673311, Trusted Call Girls In NAVI MUMBAI Cash On Payment , V...
 
ANIn Gurugram April 2024 |Can Agile and AI work together? by Pramodkumar Shri...
ANIn Gurugram April 2024 |Can Agile and AI work together? by Pramodkumar Shri...ANIn Gurugram April 2024 |Can Agile and AI work together? by Pramodkumar Shri...
ANIn Gurugram April 2024 |Can Agile and AI work together? by Pramodkumar Shri...
 
CALL ON ➥8923113531 🔝Call Girls Charbagh Lucknow best sexual service
CALL ON ➥8923113531 🔝Call Girls Charbagh Lucknow best sexual serviceCALL ON ➥8923113531 🔝Call Girls Charbagh Lucknow best sexual service
CALL ON ➥8923113531 🔝Call Girls Charbagh Lucknow best sexual service
 

PROJECT RISK MANAGEMENT

  • 1. PROJECT RISK MANAGEMENT Project Recreation Area Reese Boone 11/28/2015
  • 2. 1 1. STAKEHOLDERS 1.1 – Neighbors 1.1.1 – The neighbor has not been fully briefed about the project and does NOT like loud noise. 1.2 - The wife has safety concerns 1.2.1 – The wife might turn down the project. 1.3 - Children 1.3.1 – The children ages are 5, 8, and 10 and his children’s friends. 1.4 Weather 1.4.1 – The weather can cause work delays. 2. PERPETRATION 2.1 – Design 2.1.1 – Safety for the children for the zip line and for the tree fort 2.1.2 – Place for water to runoff from the drinking fountain out of the property. 2.1.3 – Location of existing utility lines after the grading and trenching / or rocks and large tree roots. 2.1.4 – Older children might be leaving the gate open to access the drinking fountain. 2.2 – Clear land and grading 2.2.1 – Cut and split wood and sell if possible (seek opportunity). 2.2.2 – Grading might need to add or remove extra dirt could add to cost.
  • 3. 2 2.2.3 – Order of operation for installing the new underground utility lines. 2.3 – Materials and equipment 2.3.1 – Rising cost of materials. 2.3.2 – Equipment cost more than expected or projected. 2.3.3 – Ground cover not surviving. RISK CONTROLS 1. STAKEHOLDERS 1.1 – Neighbors 1.1.1 – Hours of work will need to be from 8.00 a.m. till 6.00 p.m. – Monday to Saturday. 1.2 – Wife concerns 1.2.1 – Design the safety features for the zip line and the tree house. 1.3 – Children 1.3.1 – Add sides walk from the left side of the house and from the deck to the basketball court. 1.4 – Weather 1.4.1 – We will need to work in good weather conditions, because any bad weather can cause work delays. 2. PREPARATIONS 2.1 – Design 2.1.1 – Add a safety net under the tree fort and the zip line – make the elevation go from 7 foot to 5 foot – Note: (Average 8 year old child
  • 4. 3 is 40 – 48 inches tall, this places their feet anywhere from 3 foot 8 inches to a -4 inches off the ground. OSH standards no fall protection is needed for anything less than 6 foot. ) 2.1.2 – Create a field drain next to drinking fountain. 2.1.3 – Check with the city for location of existing utility lines. 2.1.4 – Make a two sided drinking fountain one side inside the fence the other on the outside. 2.2 – Clear and grading 2.2.1 – Cut split and sell wood add possible earnings to the project. 2.2.2 – Survey the area to have a better understanding of the grading. 2.2.3 Cut utility trenches before grading to reduce cost and have lines in place before concrete is poured. 2.3 - Materials and equipment 2.3.1 – Buy materials during seasonal sales at discounted price (possible savings opportunity). 2.3.2 – Buy equipment during seasonal sales also at discounted price (Possible savings opportunity). 2.3.3 – Research ground cover requirements so that the right ground cover is used.
  • 5. 4
  • 6. 5 RISK SUMMARY 1.1.1 - Due to Neighbor complaining of noise and police halting work, it is possible that this could impact the project schedule, which could result in the project completion date later than expected. 1.2.1 - Due to Wife safety concerns, it is possible that this could impact the project budget, which could result in inefficient funding of the project objectives. 1.3.1 - Due to children creating a mud path it is possible that a sidewalk may need to be added, which could result in an increase in project budget.
  • 7. 6 1.4.1 - Due to poor weather conditions, it is possible that this can cause work delays, which could result in a delayed completion date. 2.1.1 - Due to safety for children, it is possible that adjustments need to be made in the zip line and tree fort design, which could result in increased cost on a project objective. 2.1.2 - Due to water runoff from the drinking fountain, it is possible that a field drain may need to be added, which could result in increased cost on a project objective. 2.1.3 - Due to unknown location of existing utility lines, it is possible that the city may have to mark the location, which could result in rerouting new utility lines and extending more time and increased cost on a project objective. 2.1.4 - Due to older children leaving gate open to access the drinking fountain, it is possible that a two sided drinking fountain cloud be used so it is on the inside and outside of the fence, which could result in increased cost on a project objective. 2.2.1 - Due to trees being removed, it is possible that the wood can be sold, which could result in reduce cost on a project objective. 2.2.2 - Due to current ground conditions, it is possible that the land will need surveyed, which could result in increased cost and time on a project objective. 2.2.3 - Due to machinery cost and accessibility, it is possible that the trenches for the new utility line will need to be cut and lines installed before grading, which could result in reduced time and cost on a project objective. 2.3.1 - Due to fluctuating cost of materials, it is possible that seasonal sale could be utilized, which could result in reduced cost on a project objective.
  • 8. 7 2.3.2 - Due to fluctuating cost of outdoor equipment, it is possible that that seasonal sale could be utilized, which could result in reduced cost on a project objective. 2.3.3 - Due to ground cover requirements, it is possible that the ground cover would not survive, which could result in increased cost and time on a project objective. ASSUMPTIONS  What assumptions did you have to make about the project to identify the risks? 1. The neighbor might not complain if the work is done during working hours. 2. The wife might agree to the project if safety measures are taken. 3. Weather will not impact the project to much if we are working from spring to fall season. 4. The children are average size and their ages were taken in consideration. 5. There is a need for a drain by the drinking fountain. 6. They have no idea where the existing utility lines are and could be in the way. 7. They would like to keep the smaller children in the fence. 8. They would like to keep the grass nice and mud out of the house. 9. Orientation of the house for the side walk. 10.They did not plan to rough in the new utility lines before grading and pouring concrete. 11.They did not look at what type of ground cover to put in. 12.Outdoor equipment and materials have annual sales. 13.The brother is able to cut down trees and cut and split the wood.
  • 9. 8  What assumptions did you have to make to qualify and quantify the risks? 1. What was important to the stake holders in relation to the project objectives? 2. The cost of labor. 3. The cost of materials. 4. The importance of time. 5. The importance of cost. 6. The importance of safety. 7. Possible impact of risk on cost, time, and schedule.  What additional information would have made the risk management planning process easier? 1. An actual physical observation of the project location and layout. 2. The attitude and personality of stakeholders (likes, dislikes, values). 3. The cost of individual items and materials. 4. The cost of labor for individual tasks. 5. Ground conditions such as slope and material. 6. The project parameters like dimensions. 7. Location for weather conditions and ground type and ground cover type.
  • 10. 9  How would you recommend that your brother track and control risks throughout the project? The created tables might be too complex for the brother to follow so by creating a simplified checklist will allow him to keep in check any possible or additional risk not previously mentioned on this project. This will allow him to stay within budget as much as possible. If there are any significant changes to any of the requirements on this project it will make the budget fall out of the contingency plan. A section for the brother to annotate or add comments during the project or maybe document any new risk or possible risk that will allow us to continue on target or at least find a way to mitigate any additional risk or possibly by avoiding it completely. Then again any additional risk that was not foreseen during the risk management of this project will cause the project to fall out of the contingency plan. We were very thorough in trying to identify any possible risk or threat to this project.
  • 11. 10 Works Cited D. Cooper,S.G. (2012). ProjectRisk ManagementGuidelines. New Jersey:WileyCustomLearning Solutions. Institute,P.M.(2013). ProjectManagementBody of Knowledge(PMBOKGuide) Fifth Edition. Pennsylvania:ProjectManagementInstitute. Services,I.E.(2014, January 8). ProjectRecreationArea. Study GuideWeek5.