Case Study: Musikhus Kvarteret Project

roject objectives

The first step in the risk identification is to define project objectives. The project objectives in the Musikhus Kvarteret project have been defined by the project team and are in connection with the project execution and completion. The four objectives are as following (Project Management Institute, 2008, p. 275):

 Scope - The main objective referring to the project scope has been identified not to exceed project deadline. The impact of that happening relates to costs that the contractor has to pay.

 Scheduling - An objective related to scheduling in the construction process is to follow the project Master Schedule and relate to the activities, which bear the highest risk of slowing down the construction process and at

282). This procedure is a part of the initial project planning and all the risks involved in the development of the project are to be considered. Identified risks may change during the development of the project stages and possible new risks can occur. Risk identification is an ongoing process, which is conducted at the beginning of the project and continues its development through the project stages. (Nicholas & Steyn, 2012)

In regards to the Musikhus Kvarteret project, the risks that have been considered by the project manager are in terms of soil condition, buildability and risks related to the type of project that involves handling of many buyers with different requirements. (Styrup, 2014)

In regards to the project execution and its three stages of development, the risk identification has been made on the basis of observed risks that have appeared during execution of Stage 1. The following risk identification in the report is not a step back in the programming and planning phase; it has been conducted as it would be a revision of the risk identification as part of a continuous process. The purpose is to identify the risks for the execution of Stage 3, due to its similarities in the project

Those risks differ by level of impact on the project objectives. By further assessment it is discussed their consequences on the stated objectives.

 Risk of unsold apartments, brought to a certain level of completion, after the project delivery that has an impact on quality (satisfaction of buyers) objectives;

The level of completion of the unsold apartments, at the moment of the handing-in the building, determines the impact on the buyers’ satisfaction. According to the project manager and in regards to the luxurious nature of the project, it has been defined that buyers’ satisfaction is related to the possibility of requesting changes, which is also a marketing strategy adopted by A. Enggaard A/S for selling the