Project Requirements/Risk/Cost Paper

Prepare a requirements matrix that includes:

  • Requirement
  • Phase of the Project
  • Responsible Party
  • Cost to complete
  • Duration to complete

Cost: The three-bedroom custom home will cost the buyer $205,000. The family put a 20% down payment, which was $41,000 and financed the remaining $164,000 with an FHA home buying loan.

Timeline: The construction of the home was on a six-month timeline. Workers, worked 5 days a week to ensure completion of the project.

 

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