Risk Concepts – Construction of the Empire State Building

Table of Content

I. Introduction II. Fault Tree One III. Discussion of Fault Tree One IV. Fault Tree Two V. Discussion of Fault Tree Two VI. Conclusions VII. Works cited

I. Introduction
I will be the lead Project Manager in building one of the largest buildings in the world. This 1,453-foot building will have a 103-story structure and should be built in just over 13 months. It’s important to know some key facts about risks associated with construction of the Empire State Building. I will discuss two decision tree analyses and discuss options to prevent or oversee them. I will then provide the conclusion on my research.
II. Fault Tree One

III. Discussion of Fault Tree One With the Fault Tree One, there are a number of fault that cause the completion date to change. The first probable cause of the completion date being changed is the shortage of tools or building material. The materials may be delivered late due to a storm if the materials are being transported from a different state or country. Also, a worker could possibly fall from the building and perish. This could cause the work on the building to come to a complete stop while the accident is under investigation. “Criminal investigations take as long as required to get to the truth and determine exactly what transpired in a particular circumstance. Although time is very important, criminal investigations are conducted to a standard not necessarily to a timetable. < http://www.cid.army.mil/faqs.html#faq7>. This could cause a major delay in the completion of the project. Lastly, if workers decide not to come to work, this could cause a major delay in the completion of the Empire State Building. It’s important to give competitive wages so workers do not feel the need to skip out of work. Also the Supervisor should motive the workers as necessary to keep the employees stimulated.

IV. Default Tree Two

V. Discussion of Fault Tree Two The second Fault

References: The Evolution of Project Management by Beki Grant and Kymberly Kelly &lt;http://www.xchangor.com/history_of_pm.htm&gt;. Historic Construction Projects by Bob Moore Construction Inc. &lt;http://www.generalcontractor.com/resources/articles/empire-state-building.asp&gt; U.S. Army Criminal Investigation Command http://www.cid.army.mil/faqs.html#faq7 The Empire State Building &lt; http://history1900s.about.com/od/1930s/a/empirestatebldg.htm&gt; Building Violations &lt; http://www.buildingviolation.com/&gt;