Q. Which risks require a contingency plan and explain the reasons why.

Fund & Donation

License

Fixing roof, bathroom, wall

Business case

KPI

Computer system

Inside building

Shelving

Check out desk

Project process

Name of risks	Estimate cost	Solution
Materials lacking	There may be extra cost from transportation. It may also delay the whole progress of the project.	Performing multiple check, audit of the progress and compare to the plan in order to ensure the accuracy of the calculations.
Accidents	This can include vary cost such as medical cost for employees, equipment damaged cost, time	Check the safe of the construction Prepare protection gear Register health insurance
Labor Shortages	Not having enough workers available to complete a project Cost $240,000	May use an outsourcing company to hire workers
Change Order	Cost 8%-14% budget	Manage this project with waterfall methodology. Consult with stakeholders frequently and finalize requirements in the very beginning.
Fund & Donations	Estimated $1,000,000 for all books	This risk can be minimized with clarity in the donation and funding process with prospective donors by making a compelling case for the need. Other minimization efforts should include keeping expectations realistic and in-line with the business case. If necessary, a private loan should be explored to cover any shortfalls.

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Project: Save the Library

New Holland is a city of 35,000 residents located on the west coast of Oregon near the ocean. It is the largest city in the county and has the countys only schools and only public library.

About 6 years ago, the towns library was damaged in a storm. All the books in the library about 20,000 in all were destroyed along with major damage to the roof and one wall.

For your project, you will restore the citys library. You will need to have fundraisers, fix the roof and one wall, paint the inside of the building, restore the restrooms, install shelving and 10,000 books, install a computer system, a check out desk, and anything else that needs to be done to get the library working again.

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