Question

A company called Arbor Industries submitted an artist's sketch for the ACME evaluation team to picture what the landscaping would look like. Arbor was selected with a bid of $175,000, substantially lower than any other submission. Arbor then prepared a detailed landscaping plan based on existing drawings of the site provided in the tender. Arbor met with the ACME senior executives to agree on a project start date, access and security of plant and equipment, and a fixed price contract. A contract was duly signed. Since the original project was scoped and started, the original finance manager had secured a new position with another company and was set to leave in the third week of February 2001, just as the lawn started to brown off and die in patches. The new finance manager, who started one week later, was asked by the company to continue in the role of her predecessor on the project. Risk is the effect of uncertainty that prejudices the successful achievement of the project outcome, by adversely impacting on cost, time, or functional objectives. Refer to the theory related to risk considerations in project selection and critique the case study project from a risk consideration perspective.(25 marks) A discussion of the risks associated with the project will enhance your answer. Guidelines • Identify the theory related to risk considerations in project selection. • Critique the case study project from a risk consideration perspective. • Discuss the risks associated with the project. Show introduction, body of discussion and conculusion Include intext refernces and reference list

A company called Arbor Industries submitted an artist's sketch for the ACME evaluation team to picture what the landscaping would look like. Arbor was selected with a bid of $175,000, substantially lower than any other submission. Arbor then prepared a detailed landscaping plan based on existing drawings of the site provided in the tender. Arbor met with the ACME senior executives to agree on a project start date, access and security of plant and equipment, and a fixed price contract. A contract was duly signed.
Since the original project was scoped and started, the original finance manager had secured a new position with another company and was set to leave in the third week of February 2001, just as the lawn started to brown off and die in patches. The new finance manager, who started one week later, was asked by the company to continue in the role of her predecessor on the project.

Risk is the effect of uncertainty that prejudices the successful achievement of the project outcome, by adversely impacting on cost, time, or functional objectives. Refer to the theory related to risk considerations in project selection and critique the case study project from a risk consideration perspective.(25 marks)

A discussion of the risks associated with the project will enhance your answer.

Guidelines
• Identify the theory related to risk considerations in project selection.
• Critique the case study project from a risk consideration perspective.
• Discuss the risks associated with the project.
Show introduction, body of discussion and conculusion
Include intext refernces and reference list

Added by Tawanda M.

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