WBS - building condominium

This is our WBS for buliding condominium.

Tutorial 5 - Risk

Risks are combination of the likelihood of an occurrence of a hazardous event or exposures and the severity of injury or ill health that can be caused by the event or exposure. Risks can be known and unknown.

In addition, Risks have positive or negative effects on at least one of the project objectives (Scope, cost, schedule, performance). Managing construction project risks is considered as compulsory for any project to be successful.

Tutorial 5 is ragarding to use the WBS to carry out a Risk assessment and analyze the project. The above table is the assessment and analysis of the Top 5 issue as well as the impact on the 2 of the Top risks.

Tutorial 4 - schedule

This tutorial is create a schedule and perform a network analysis (AON) based on our WBS.

Our project estimated completion time is 909days [(365 days x 3) - (52days x 3) - 30holiday]
project start on 24 May 2010
earliset finish time = 904 days (14/5/2013)
Float time = 5 days

Tutorial 3 (2)

Our ROI (Return of Investment)

Estimated total cost: $25, 419, 364
Estimated total claim interim payment from client: $37,119, 960

We assume that there has a 5% defect of the gain, so final gain is 95% of total interim payment from client.

ROI = ($35,263,962 - $25,419,364)/$25,419,364
= 38.7%