Refer back to the wind farm example in the first weeks homework assignment. Take the information provided in week 1 and below information to identify 3 potential risks and how you would plan to respond to these risks. With regard to the response, for example, do not just say I would avoid the risk but explain how you would avoid the risk and a reason why you are taking that approach.

Additional project information:

Project value: $75,000,000

Spanish government requires 85% Spanish resident worker participation

Projected start date: 12/1/2012

Projected end date: 6/15/2014

There are no liquidated damages on the contract

Week 1 assignment information below!!

You work for an energy company that focuses on construction of wind farms throughout Midwestern America. You have been in business for 5 years and have had sustained success throughout the Midwest. Your company is contemplating bidding on a new wind farm project in southern Spain which will be financed by the Spanish Federal Government which has decided to start implementing more green energy initiatives and they hope that this project will get more people back to work. You have never worked outside the country before, but there is a first time for everything! Please address below questions, and submit by end of week 1.

1.) What factors would you consider when determining as to whether you would recommend submitting a proposal on this project?

Things to consider before submitting a proposal outside the country is

• Currency fluctuations and exchange rates
• Country-specific work codes and regulations, such as hours per day, holidays, and religious observances
• Corporate joint ventures and partnerships creating entities with a presence and facilities in multiple countries
• Political relations between countries
• Availability of high-demand workforce skills

2.) Your company decides to bid on the project and task you with writing the proposal. The only requirements within the RFP are that you list the project, scope, price, and company background. Name one thing that you would include within the proposal above the RFP requirements to help sell your company as the best fit for the project. And why?

I would add key partners and subcontractors of our company. This can provide a significant competitive advantage, especially if those key partners and subcontractors have specific technical expertise that is crucial to the project, have an excellent reputation, or already has good credibility with the customer.

3.) Assuming your company wins the project, what are 2 things you would do to plan for the execution of the project? And why?

The two things I would do to plan for the execution of the project is establish project objective, This establishes what is to be accomplished.

• Expected benefits that will result from implementation
• Primary project end project
• Date for when the project is required to be completed
• Budget within which the project must be completed

I would also define the project scope, which defines all the work that must be done to produce all of the project deliverables.