1.1.1 Project-Based Risks
188.8.131.52 Initiating with an Unclear Remodeling Strategy
Beginning the project earlier to creating a list of “wants,” “requirements,” and “desires”, there is a risk of overstepping the established kitchen remodeling budget.
184.108.40.206 Choosing the Wrong Dealer
Homeowners too often are coaxed into choosing the wrong contractor and wind up desperate, exorbitant and annoyed.
1.1.2 Product Based Risks
220.127.116.11 Choosing the Wrong Sink and faucet
Faucet selection is an example of product based risk. If a faucet is selected that doesn’t have the same number of holes in the sink that current faucet has can cause problems plus if there is wayward spacing between those openings will surely need setting (Budget Kitchen Remodel, 2010).
1.1.3 Budget Risks
For a small kitchen, finances for remodeling are usually limited. Amongst a small kitchen remodels, it’s very probable to lose sight of exactly how much money is being spent, crossing over the cost-effective boundaries, frequently and quite considerably (Admin, 2010).
Expenditures must be related to sensible completion of this qualitative analysis schedule. Kitchen Remodeling Risk Management.
Admin. (2010, Sep 6). Is Your Small Kitchen Remodel Project At Risk For Budget Overruns? Retrieved Aug 14, 2011, from Renovation Ideas to Inspire You: http://www.renovationideas.org/renovation-ideas/is-your-small-kitchen-remodel-project-at-risk-for-budget-overruns
Budget Kitchen Remodel. (2010, Jan, Oct). Retrieved Aug 14, 2011, from Small Kitchen Remodel: http://www.smallkitchenremodel.net/tag/budget-kitchen-remodeling/
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