Task: ONLY ANSWER THE PART $$ RISK, CONSTRAINTS ASSUMPTIONS

Information for the Project Charter:

Let$$s imagine a construction firm that$$s going through the initiation phase of a residential

construction project, more specifically an apartment complex.

Project Information

Company: Acme Construction Co

Project Name: Luxury Apartments at York

Project Description: The project consists of the construction of a luxury apartment

complex, featuring three types of floor plans going from $800$ to $1,350$ square feet

Roles & Responsibilities

$$ Lead Architect: Helena Johnson

$$ Lead Engineer: Samuel Weiss

$$ Construction Project Manager: Frederick Terry

$$ Cost Estimator: Danielle DuPont

$$ Project Administrator: Luke Robinson

$$ Site Supervisor: David Rosenthal

Project Vision and Objectives

Project Vision: Completion on time, within budget, to exploit housing needs in the area.

Project Objectives:

$1.$ Hire construction crew members as needed,

$2.$ Procure any materials or equipment as needed,

$3.$ Transport materials and equipment to the construction site as instructed by the

construction project manager and site supervisor,

$4.$ Fill out daily construction reports to monitor the performance of the construction team.

Business Case

The district is ripe for housing. Recent mixed$-$use construction has produced popular retail

and restaurants. The area is lacking in luxury residential housing for the moneyed class

which has increasingly made this part of the city a destination. Attached is supporting

research, demographics, etc.

Project Scope

The construction project will be built as per the construction drawings, specifications and

other documents such as the construction plan and construction schedule.

Project Timeline

The project is expected to start by the last quarter of the year and be completed between $12-$

$16$ months.

Hint: Use the table to distribute the timeline in a reasonable way.

Project Budget

The project budget is $$15$ million, based on the number of units and their square footage, as

specified in the construction drawings, architectural designs and computer$-$assisted

designs $($CAD$)$ models. The project budgeting process was completed thanks to a cross$-$

functional effort by the architecture, engineering and cost estimation team.

Hint: Use the table to distribute the timeline in a reasonable way.

Project Assumptions

$$ It$$s assumed that no act of God such as earthquakes, tornados or hurricanes will

cause the project to stop.

$$ It$$s assumed that the equipment will be in optimal condition so that the construction

phase will be completed normally.

$$ It$$s assumed that there are enough construction crew employees to complete the

project.

$$ It$$s assumed that construction subcontractors will complete their work on time.

Project Constraints

$$ The project shall not take longer than $18$ months. If the construction team is running

behind schedule, additional subcontractors might be hired without exceeding the

project budget.

$$ The project has a budget of $$15$ million that must be monitored by the construction

project manager. This project budget already contemplates a contingency fund in

case there are over$-$costs, so it should not be exceeded for any reason.

Project Risks

The following risks might affect this project:

$$ Unexpected increases in material costs

$$ Unavailability of project resources such as labor, materials and equipment due to

external factors

$$ Damage or theft of company equipment

$$ Natural disasters

Project Requirements and Success Criteria

The quality, safety standards, success criteria and other requirements for this project are

explained in the construction drawings and construction specification documents. These

include but are not limited to the quality of materials, skills required from the construction

crew, environmental compliance standards and building codes.$|$RISKS$,$ CONSTRAINTS, AND ASSUMPTIONS