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.