Capella University FPX 5334PM_Assesment_1_1 Risk Management Plan Taylor Kitchen Remodel 2021

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Risk Management Plan Project: Taylor Kitchen Remodel 2/15/2021 Section 1 – Introduction to the Plan 1.1 Benefits of Risk Management While planning a project there is always the process of con... ducting risk management. This includes the planning, identification, analysis, response planning and implementation and monitoring of the risks of the project (Project Management Institute, 2017). By planning and preparing for risks that may come up is extremely an important part of project management. All teams need to be aware of and prepared for any risks that may arise. An appropriate risk management plan allows for the stakeholders and management to explore different aspects in which their project can succeed, if problems occur. It also provides necessary resources for when these problems may arise. Some risks associated with a project cannot be predicted, but with a proper risk management plan there would be leeway in how the team may handle these risks and would allot for some of the budget to go towards these unforeseen events. Also allowing the team to make the proper decisions based on quality data that come from the risk management plans. Ensuring the team has the proper tools that are necessary if problems arise, is a very key factor in project management, and exuding a successful project. 1.2 Project Goals and Objectives  To plan and implement a kitchen remodel project for the Taylor house hold.  The Taylor’s want a complete kitchen remodel that is not to exceed 6 weeks for a budget of $25,000  Plumbing will need to be upgraded in the new kitchen to be brought up to city code.  Electrical will be updated to run the new appliance package.  New can-lights will be installed in the ceiling.  The Taylor’s want new custom cabinets to replace the current cabinet outlay. These cabinets will line the outer wall, as well as build a center island in the middle of the kitchen. The cabinets will be a navy blue and white combination.  The cabinets will have black hardware.  A farmhouse style sink will replace the current two-sided sink. The sink will be installed in the island.  The client wants new laminate floor to be laid. The flooring will be a dark wood coloring  The client wants granite counter tops for the top of the cabinets. These counter tops will be white with flecks of grey mixed into the top.  New appliances will be installed in the kitchen. The appliances will include a fridge, gas stove, microwave, and dishwasher. All appliances will be black stainless steel.  A new vent hood will be installed above the new stove. The vent hood will be a black stainless steel.  The walls will all be painted a bright white color that matches the with cabinets [Show More]

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