Develop risk management plan including risk register

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Reference no: EM132069960

1. Select a project at your target company

2. Provide background of the case project

3. Recommend the best project delivery method for your project based on the criteria that YOU think is most crucial to this project. Be mindful that the types of delivery methods that need to be evaluated are Design-Bid-Build, Design-Build and CM@Risk. You must document all your assumptions and rationale for the selection of the project delivery system. All yours suggested grading (the criteria, weights, and scores) should come with justifications and explain why you gave such grade to each element of the selection matrix.

4. Evaluate and recommend the best financial contract type for your project based on the criteria that YOU think are crucial to this project. The types of contract that need to be evaluated are Lump sum contract, Guaranteed Maximum Price Contract and Cost-Plus Fixed Fee Contract. All grading must be justified and explained.

5. Evaluate and recommend the best procurement method for your project based on the criteria that are crucial to this project. The types of procurement that need to be evaluated are Competitive, Negotiated and Best Value. All grading must be justified and explained.

6. Develop Risk Management Plan including Risk Register, Risk Quadrant Analysis, and risk mitigation plan

In addition, please find attached the sample case study solution as promised. Please note that this solution is a bit different from our case study as It does not have 5-choosing the best procurement method and 6- Risk management

Please do not copy exactly from this solution as you will get high similarity score and as a result will get 0 from your case study. Just use it as a guide.

Attachment:- sample case study.rar

Verified Expert

This paper is about the best project delivery method for the Gilbert Road Light Rail Expansion Project project based. The best financial contract type, the best procurement method and risk Management Plan including Risk Register, Risk Quadrant Analysis, and risk mitigation plan is discussed in this paper. The construction easier methods to manage the project cost and at the same time protecting the client from blown out budget is also included in this paper.

Reference no: EM132069960

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Reviews

inf2069960

10/6/2018 12:20:52 AM

Thank you for delivering the solution.

inf2069960

10/6/2018 12:20:24 AM

from this analysis on the type of the project delivery system and the financial cost, with the case study project, we can conclude that the best project delivery system that is suitable for this case study are CM@Risk and the financial contract for this case study project is Guaranteed Maximum Project of GMP. Because with CM@risk we can assure that the project will be finished in time and with the experience of the construction manager we can trust this kind of big project will be manageable. Also, the financial contact that we pick will have the limit cost for the project it will given the construction easier methods to manage the project cost and at the same time protecting the client from blown out budget. That is the conclusion from this analysis on case study.

inf2069960

10/6/2018 12:19:38 AM

The project completion quality is one of the key factors for the project, the quality of the project the one most important thing from the project. From the table, we can see that DB contract has the highest point from all of them, this is because the one that make the design and the builder are the same company or either they work together closely for the project, so it will be clearly the quality of the project will at it most satisfied level. In a project there will always be a constraint in cost and time. Cost is actually one key factor in the project. From the table above we can see that lump sum and guaranteed maximum price have the highest score with 7 and weighted score at 210 points. Both lump sum and guarantee maximum price have the price limit for the cost of making the project. With lump sum if the project under budget when it finished the contractor will retained the left over as additional profit, but with guaranteed maximum price, the contractor will need to give back the left over cost to the client

inf2069960

10/6/2018 12:16:47 AM

Evaluate and recommend the best financial contract type for your project based on the criteria that YOU think are crucial to this project. The types of contract that need to be evaluated are Lump sum contract, Guaranteed Maximum Price Contract and Cost-Plus Fixed Fee Contract. All grading must be justified and explained. Evaluate and recommend the best procurement method for your project based on the criteria that are crucial to this project. The types of procurement that need to be evaluated are Competitive, Negotiated and Best Value. All grading must be justified and explained.Develop Risk Management Plan including Risk Register, Risk Quadrant Analysis, and risk mitigation plan

inf2069960

10/6/2018 12:15:42 AM

Select a project at your target company, Provide background of the case project. . Recommend the best project delivery method for your project based on the criteria that YOU think is most crucial to this project. Be mindful that the types of delivery methods that need to be evaluated are Design-Bid-Build, Design-Build and CM@Risk. You must document all your assumptions and rationale for the selection of the project delivery system. All yours suggested grading (the criteria, weights, and scores) should come with justifications and explain why you gave such grade to each element of the selection matrix.

inf2069960

10/6/2018 12:14:19 AM

This report is made to accomplish a case study for project execution planning and management SBM3302. In this report, we will be evaluating project delivery methods and financial contract, and to give those a grade for us to choose which one is better to be used in the case study and I will explain it why I choose this delivery method and this financial contract. I will also compare the delivery methods and the financial contract with one and others.

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