Module 6- Capstone Exercise - Building a Brewery - Instructions Problem Scenario You have decided that there are not enough beer varieties in the world, and that you are only Using three-point estimation, determine the cost estimate to build the brewery. who can fix this problem. Against the urging of your spouse and friends, you decide to open up a brewery. You have two options: build your own brewery from the ground up or buy an exist- ing one from a fellow dreamer like yourself who has become disillusioned with the business. The existing brewery will need some new equipment and repairs before it can be returned to operation. You must decide whether it is a better investment to build or buy. Part 1- Estimate Buy Costs You need to estimate the total cost to purchase the existing brewery up and get it up and run- ning. The owner is asking $1,000,000 for the brewery. You want to increase the production ca- pacity of the brewery by 500 barrels/month which will require another five fermentation tanks. What is the best estimate of how much it will cost to purchase and upgrade the existing brew- ery? Part 2- Estimate Build Costs What is the estimated duration of the project? Are all of the activities The land you are planning to buy for the brewery is for sale for $100,000. You are planning on contracting out the parts of the job yourself. From the various specialties, you receive the fol- lowing cost ranges: Part 4- Identify Risks and Calculate Contingency Reserves