Essay: Home Building Proposal Befficiency, Safety

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[. . .] The plan above also integrates green features from the beginning instead of adding these energy-efficient elements after the home has already been constructed.

Remember, high water-heating bill might not be just due to the price of gas or electricity, or even how much energy one uses. The problem may be traced back poor insulation, or improper ventilation and air condition. One's home is impacted by the environment around it, as well as its internal infrastructure.

By viewing one's home as a string of interconnected systems, from heating and cooling to insulating, we've pinpointed problem areas to find more efficient solutions.

4. Deliverables

The proposed deliverables for this project, as outlined above, are summarized here:

1. Inspections of and re-piping of the heating system to fix circulation problem and improve energy consumption.

2. Installation of a new air conditioning system.

3. Improving insulation to meet energy saving standard.

4. Adding living space by adding an extension or a simple remodeling.

5. Expanding parking space by building a semi-covered parking lot (asphalt, concrete, pavers, or stucco).

6. 4 x Mitsubishi Air-Conditioner with Heat, each in 4 bedrooms upstairs, total = $7,400

7. 2 x Mitsubishi Air-Conditioner w/o Heat, on downstairs main floor, total = $3,900

5. Project Assumptions

Project assumptions include the following:

Preliminary Budget Estimate for Renovation, already approved by the Fung family:

$17,700

We also presume that the plan to expand the living space will be approved by the city building department in Vancouver.

We also presume that the Fung family will pursue the Genworth Financial Canada mortgage refinancing options to finance the rest of the proposed expansion, as outlined above. We have no other information as to how the project will be financed, as none was provided as part of the assignment.

6. Project Constraints

The project is constrained by financial considerations. As we do not know how much more Mr. Fung and family are willing to invest in this renovation project, we have recommended that they pursue the energy efficient mortgage financing option. This will enable them to finance the renovation and home expansion. If the Fung family provides us with additional financial/budgetary information, we can make additional recommendation as to constraints and project assumptions.

7.Critical Success Factor

The critical success factor here will be determined by the financial considerations. As we do not know how much more Mr. Fung and family are willing to invest in this renovation project, we have recommended that they pursue the energy efficient mortgage financing option. This will enable them to finance the renovation and home expansion. If the Fung family provides us with additional financial/budgetary information, we can make additional recommendation as to constraints and project assumptions.

We are comfortable with installing the Mitsubishi air conditioning systems now, as outlined above, and revisiting this overall project again when the finance picture is clearer.

8. Risk Analysis

Everything one does in today's business environment entails a risk of some sort: customer habits change, new competitors emerge, factors outside one's control could delay the project. Formal risk analysis and risk management can help us assess these risks and decide what actions to take to minimize disruptions to these plans.

We define risk here as "the perceived extent of possible loss." Different businessmen will have different views of the impact of a particular risk -- what may be a small risk for one business may destroy the livelihood of another entrepreneur.

A way of putting figures to risk is to calculate a value for it as:

risk = probability of event x cost of event

As outlined above throughout this proposal, have already identified many risks:

Human Risk: Individuals or organizations, illness, death, etc.

Operational Risk: Disruption to supplies and operations, loss of access to essential assets, failures in distribution..

Reputational Risk: From loss of business partner or employee confidence, or damage to reputation in the market.

Procedural Risk: -- Failures of accountability, internal systems and controls.

Project Risks: Risks of cost over-runs, jobs taking too long, of insufficient product or service.

Financial Risks: From business failure, stock market, interest rates, unemployment.

Technical Risks: From advances in technology, technical failure, etc.

Natural Risks: Threats from weather, natural disaster, accident, disease, etc.

Political Risks: From changes in tax regimes, public opinion, government policy, foreign influence, etc.

As we have repeatedly stated, the major risk here is the financial risk of not being able to finance the project. Mr. Fung will have to address this upon receipt of this proposal, at which point we can tease out the extra costs of the requested items in further detail. We need to know how much Mr. Fung is willing to spend to achieve his dream of remodeling this home.

9. Scope:

The scope of this project is a remodeling for energy efficiency and increased living space in Vancover, B.C.

9a) In Scope:

All in-scope factors have been addressed above.

9b) Out of Scope:

No out of scope elements have been proposed for this project.

10. Stakeholder Analysis:

The stakeholders involved in this project include:

i. The homeowner and his family members.

ii. Construction contractors, project teams from XYZ SERVICE LTD.

iii. Inspection Service Divisions and Building Policy Office at City of Vancouver.

11a) Critical Stakeholders

The critical stakeholders are all of the stakeholders.

11b) Non-Critical Stakeholders

A possible stakeholder is Genworth Capital Canada -- but at this time they are non-critical.

12. Budget

Thus far, only the budget for installing new air conditioning system has been approved:

A. 4 x Mitsubishi Air-Conditioner with Heat, each in 4 bedrooms upstairs, total = $7,400

B. 2 x Mitsubishi Air-Conditioner w/o Heat, on downstairs main floor, total = $3,900

C. Installation Labor Fee, Total = $6,400

Preliminary Budget Estimate for Renovation:

$17,700

13. Summary

The approved scope of this home improvement project includes the following:

1. Inspecting and re-piping the heating system to fix circulation problem and improve energy consumption.

2. Installing a new air conditioning system.

3. Improving insulation to meet energy saving standard.

4. Adding living space by adding an extension or a simple remodeling.

5. Expanding parking space by building a semi-covered parking lot (asphalt, concrete, pavers, or stucco).

The stakeholders involved in this project include:

i. The homeowner and his family members.

ii. Construction contractors, project teams from XYZ SERVICE LTD.

iii. Inspection Service Divisions and Building Policy Office at City of Vancouver.

Thus far, only the budget for installing new air conditioning system has been approved:

An energy efficient house stays cool in summer and warm in winter. The house will be more comfortable if the occupants perform simple maintenance, as outlined above. This enables the homeowners to maintain comfortable conditions in the house, without the excessive use of heaters and air conditioners. This reduces the energy consumption of the building. Reducing energy consumption means less burning of fossil fuel, less general pollution. That gives… [END OF PREVIEW]

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Home Building Proposal Befficiency, Safety.  (2011, February 18).  Retrieved April 21, 2019, from https://www.essaytown.com/subjects/paper/home-building-proposal-befficiency/1788777

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