Prepare a stakeholder register and management strategy for the project. Include all project team members and make up names and information for the following: a realtor to aid in househunting, a bank who will lend Julie money to refinance her current home so she can pay cash to purchase this investment property, a contractor who can do a lot of renovation work at a great price, and friends and family you think could help fix up a house. Assume that your Aunt Julie is very knowledgeable about finances and purchasing and renovating houses but only handy when it comes to painting. She’s also very organized and cost-conscious and leads a very busy life. Assume that you have a relative in the area you choose, Nick, who can help with a lot of basic renovations on weekends. Assume you will have some other friends (your classmates in this case) and family who can help with some of the work for free, and you know a few skilled acquaintances (an electrician and a plumber) whom you would need to pay for their services, but you think they’d give you a nice discount. Use the templates provided on the companion Web site, and review the sample stakeholder register and management strategy in the text.

Prepare an initial scope statement for the project. Assume that your Aunt Julie is doing the work to find and close on the house, which will take three months and be completed by January 1. The main scope of your work is to plan and oversee the renovations of the house, find renters, and prepare a spreadsheet for financial analysis. Your aunt wants you to get at least three bids on all major expenses, like the flooring and windows. Define key deliverables in as much detail as you can, asking your instructor for guidance if needed. Even though you will not actually find and renovate a house, describe the work as if you were. Assume that the main renovations you will need to do include the following: tent the house to get rid of termites and other insects; rent a dumpster to get rid of a lot of junk in the yard and house, like the old carpet and kitchen materials; totally remodel the kitchen (new cabinets, appliances, sink, lights, counter tops, etc.); buy a new furnace, washer and dryer, sump pump, and several electrical outlets; replace all the windows; put in laminate flooring in the entire house (except the bathrooms); paint the entire inside of the house, and spruce up the yard by removing some old shrubs, planting flowers, repairing the wooden fence, and leveling and seeding the lawn. (Note: If you find an actual property, feel free to change the renovation work as desired.)