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Jillson’s Custom Home Risk Management Plan

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You are the owner of Aspenwell Design Custom Homes, which specializes in building custom and high quality homes in the Oakland, New Jersey area. You have just been hired by the Jillsons to build their dream home. They would like a three bedroom, three bathroom home. Since you own the company, you act as both the main project manager and general contractor. You employ only a part-time accountant and the rest of the work is subcontracted local trade professionals (plumbers, electricians, lumber, etc.)

The housing market in Oakland, NJ is booming. You are tentatively scheduled to complete 14 houses this year. You have promised the Jillsons that the final costs will range from $650,000 to $850,000 and that it will take eight months to complete the house once the lot has been cleared and the foundation digging has begun. The Jillsons are willing to have the project delayed in order to save some money. You are now brainstorming potential risks associated with this project with your client and subcontractors.


Using the above scenario and the risk template, create a risk plan for the Jillsons and all of your stakeholders.


Make sure each risk and mitigation plan is as specific as possible. Owners should be the person to contact in case the risk becomes an issue. List at least 10-15 detailed risks.


Remember to rank the highest risk items first.

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