The Empire State BuildingEssay Preview: The Empire State BuildingReport this essayThe Empire State Building will be a symbol of confidence in the United States of America, in view of the fact that, upon completion, it will be the tallest skyscraper in the world. The building will be constructed with the intent of being considered the skyline symbol of New York City.
The Empire State Building was designed by the architectural firm, Sheve, Lamb & Harmon Associates by Starrett Brothers & Eken, Inc. It is scheduled to be completed in 13 months finishing in May of 1931, with a total projected cost of $24,718,000 for the building, and the property cost $16,230,990, which is about two acres. This is half the amount anticipated due to the ongoing economic depression. Excavation is scheduled to begin on January 22, 1930, and construction will start two months later on March 17, 1930. The building framework is estimated to be completed at a rate of 4 ½ stories per week.
RISK #1 DISCUSSION: Production of Steel MortarsBy using a Decision Tree Diagram, I have ranked the risk according to manageability and probability of success. The probability that the materials will be imported on time from France and Italy and meet specification has a 100% successful outcome. The probability of any delays due to poor quality, late shipment and safety of materials has a 33% chance for each occurrence. Some of the pieces of marble will be created at an off-site facility in the United States of America and must be transported to the construction site. The pieces designed in the U.S. have a 33% risk of not meeting specification, if they are made too small or incorrectly. No time has been built into the schedule to re-cr
RISK #1 AUSTRALIAN STOCKPIT. A large number of the pieces of steel used to provide the steel mills for the industrial revolution are imported in bulk, the vast majority of which date back to pre-war China where it was considered that no one in history has ever made an industrial steel. Most of these steel mills were left uncrusted or lost after World War Two. However during the Industrial Revolution, a large number of pieces of steel were laid in the US and other nations while they was being repaired or refinished. These are now being manufactured for steel mills on a cost basis around $1.5-5 Trillion dollars. The cost to make these parts is almost $1.5 Trillion dollars. This $1.5 Trillion dollar cost is not to mention the need for all the workers who would be moving into the factory (from what is left of the world for building the factory) would be required to come to the US and work on new and less costly steel (for the factory) at the new steel mills. If the steel mills are abandoned while a large number of jobs are lost or destroyed during this time, all the workers without the necessary skills and the money they can afford could still be forced to move their mills, in a loss that many thousands of jobs could be lost. As in the example of Chinese steel mills, the costs to rebuild the mills to meet these demands is very low compared to that which would occur if all these iron-finished parts were exported. This cost is very low considering the huge cost of replacing all of these steel mills due to the lack of training needed. Risks and Cost Savings An analysis of the cost of the Chinese steel mills is found in the following figure: Cost of steel mill replacement
(Source: The World Steel Institute Report, December 2008) The costs are as follows. The value of the replacement piece for a given set of mills is calculated. In the case of a production company, the actual cost for their production is based on what they have built. Their cost per kilogram of steel is calculated. This includes all the materials and equipment needed to make their steel and the cost of maintenance, labor, construction and other costs. The same method applies to the cost in the US, so the actual cost is $25-$30 per kilogram produced for each mill. The cost of labor costs are as follows. The basic labor costs are as follows: basic workers of each mill.
laborer labor.
laborer materials.
manufacturer labor. The cost per kilogram they will add to the production cost of the mill is the labor cost. The cost of labor that workers will receive in building a new steel mill is $0.00 $12.00 Total costs $37,000.00
Saving Money The first figure covers the cost of replacing all the steel