Silver Fiddle Construction:
The Czopek Project
Zachary Stoy
MGMT505
September 20, 2011
Tony Sines
Southwestern College Professional Studies
The Czopek Project
Company
Silver Fiddle Construction (SFC)
Client
Bolo & Izabella Czopek
Project Objective
Construct a High-End, Custom Home for
Mr. & Mrs. Czopeks
Project Details
 Project Team
•
•
•
General Contractor (SFC)
Part-Time Bookkeeper
(SFC)
Skilled Subcontractors
 Budget
• $450,000 -$500,000
 Duration
• Five Months
Deliverables
 2,500 sqft
 3- Bedroom, 2.5Bath
 3 Vehicle Finished
Garage
Kitchen Appliances
High-Efficiency Gas
Furnace
Project Milestones
July 5th
Permits Approved
July 12th
Foundation Poured
September 25th
“Dry-In” – framing, sheathing, plumbing, electrical, and
mechanical inspections passed
November 7th
Pass Final Inspection
Risk Assessment
Silver Fiddle
Construction must
determine:
 All possible risk events
 Likelihood those events
will occur
 Impact of the potential
risk
 Risk detection difficulty
 Time of occurrences
Risk Events
Blown Budget
Blown Schedule
• Likelihood:
Moderate
• Impact: High
• Detection: Moderate
• When: Final Stages
•
•
•
•
Likelihood: High
Impact: Moderate
Detection: Moderate
When: Final Stages
Risk Events
Quality
Standards
•
•
•
•
Likelihood: Low
Impact: High
Detection: Low
When:
Inspections
Continued
Volatile
Resources
• Likelihood:
Moderate
• Impact:
Moderate
• Detection: High
• When: Duration
Risk Events
Part-Time
Bookkeeper
• Likelihood: High
• Impact:
Moderate
• Detection: Low
• When: Duration
Continued
Cost: More than a Number
Nonmonetary Cost that Devastate Reputable Companies
 Poor Quality
 Unsatisfied Client
 Over Extended (taking on too much work)
 Poor Management of Subcontractors
Methods of Tracking
Cost Performance Index (CPI)
Schedule Performance Index (SPI)
Estimated Cost at Completion (EAC)
Balanced Scored Card Method
Conclusion
Successful Delivery to the Client
 Positive Referrals
 Good Reputation
 Increase Future Workload
 Increase Profits
References
•
•
•
•
•
•
Bilal, A., Prassinos, P. (2010). Risk Informed Decision Making. Vol. 132
Issue 1.
ContractorDeals.com (2008). Contractor ROI – Return on Investment.
Retrieved from
http://www.constructiondeal.com/contractorblog/2008/08/contractor-roireturn-on-investment.html.
Jolanta Tamosaitiene; Zenonas Turskis; Edmundas Kazimieras, Z. s. (n.d).
Risk assessment of construction projects/Statybos projektu rizikos
vertinimas. Journal of Civil Engineering and Management, 16(1), 33.
Retrieved from EBSCOhost.
Larson, E.W., & Gary, C.F. (2001). Project management the managerial
process. New York, NY: Mcgraw-Hill Irwin
Los, D. (2005). Four Keys to Finishing On Time and Under Budget.
EC&M Electrical Construction & Maintenance, 104(6), 52-55. Retrieved
from EBSCOhost.
Stoneman, B. (2005). Home Construction Loans: From the Ground up.
Community Banker, 14(7), 26-30. Retrieved from EBSCOhost.