liberty busi 680 shoreline stadium case with complete solution

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estimates is to provide a rough cut to warrant more formal planning (Larson & Gray, 2018). The detailed activity results and critical path of the project were thoroughly analyzed and recorded in t... he Gantt chart (appendix 1) to breakdown the activity and to give an estimated timeframe of the project. The risk response matrix (appendix 2) helped identify 3 possible risks then analyzed each individual risk along with the contingency plan in place as the risks emerge. The first risk is the scheduling risk and it is estimated that the timeframe to complete this stadium project is 945 work days. The deadline without penalty allows for only 720 days and, therefore, due to the time constraints in order to mitigate this risk there would need to be a significant amount of scheduling time reduced. The second risk remains within the SHORELINE STADIUM CASE STUDY 3 scheduling risk as weather conditions. It is impossible to foresee weather complications over this extended period of time on an outside construction project and there would need to be an additional amount of grace days to overcome any weather-related risks, with would also increase the total construction project days. The third risk involved in this project is the budget risk. Projects of long duration need some contingency for price changes and over extended periods of time inflation may increase the overall costs of a project (Larson & Gray, 2018). It is critical to verify these scheduling and budget risks and address them to the president of the company. [Show More]

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