Silver Fiddle Construction: The Czopek Project
Zachary StoyMGMT505
September 20, 2011
Tony Sines
Southwestern College Professional Studies
The Czopek Project
CompanySilver Fiddle Construction (SFC)
ClientBolo & Izabella Czopek
Project ObjectiveConstruct a High-End, Custom Home for
Mr. & Mrs. Czopeks
Project Details
Project Team• General Contractor (SFC)• Part-Time Bookkeeper
(SFC)• Skilled Subcontractors
Budget• $450,000 -$500,000
Duration• Five Months
Deliverables
2,500 sqft 3- Bedroom, 2.5-
Bath 3 Vehicle Finished
GarageKitchen AppliancesHigh-Efficiency Gas
Furnace
Project Milestones July 5th
Permits Approved
July 12thFoundation Poured
September 25th“Dry-In” – framing, sheathing, plumbing, electrical,
and mechanical inspections passed
November 7thPass Final Inspection
Risk Assessment
Silver Fiddle Construction must determine:
All possible risk events Likelihood those events
will occur Impact of the potential
risk Risk detection difficulty Time of occurrences
Risk Events
Blown Budget• Likelihood:
Moderate• Impact: High• Detection: Moderate• When: Final Stages
Blown Schedule• Likelihood: High• Impact: Moderate• Detection: Moderate• When: Final Stages
Risk Events Continued
Quality Standards• Likelihood: Low• Impact: High• Detection: Low• When:
Inspections
Volatile Resources• Likelihood:
Moderate• Impact:
Moderate• Detection: High• When: Duration
Risk Events Continued
Part-Time Bookkeeper• Likelihood: High• Impact:
Moderate• Detection: Low• When: Duration
Cost: More than a Number
Nonmonetary Cost that Devastate Reputable Companies
Poor Quality
Unsatisfied Client
Over Extended (taking on too much work)
Poor Management of Subcontractors
Methods of Tracking
Cost Performance Index (CPI)
Schedule Performance Index (SPI)
Estimated Cost at Completion (EAC)
Balanced Scored Card Method
Conclusion
Successful Delivery to the Client
Positive Referrals Good Reputation
Increase Future Workload Increase Profits
References
• Bilal, A., Prassinos, P. (2010). Risk Informed Decision Making. Vol. 132 Issue 1.
• ContractorDeals.com (2008). Contractor ROI – Return on Investment. Retrieved from http://www.constructiondeal.com/contractorblog/2008/08/contractor-roi-return-on-investment.html.
• Jolanta Tamosaitiene; Zenonas Turskis; Edmundas Kazimieras, Z. s. (n.d). Risk assessment of construction projects/Statybos projektu rizikos vertinimas. Journal of Civil Engineering and Management, 16(1), 33. Retrieved from EBSCOhost.
• Larson, E.W., & Gary, C.F. (2001). Project management the managerial process. New York, NY: Mcgraw-Hill Irwin
• Los, D. (2005). Four Keys to Finishing On Time and Under Budget. EC&M Electrical Construction & Maintenance, 104(6), 52-55. Retrieved from EBSCOhost.
• Stoneman, B. (2005). Home Construction Loans: From the Ground up. Community Banker, 14(7), 26-30. Retrieved from EBSCOhost.