Feasibility Study of Affordable Homes Construction Project

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Business Case
Feasibility Study of Affordable
Homes Construction Project
Student Name: S
Student Number: 1
Team/Group: G
Course: CS
Unit Coordinator/
Lecturer: Grant Axman-Friend ([e-mail])
Institution: Queensland University of Technology
Teaching Period: [enter semester and year]
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EXECUTIVE SUMMARY
This feasibility plan has been prepared for the project on the construction of the
affordable homes and recreational facilities. The report contains the details of the project
requirements, project scope, critical success factors, options analysis, project management
approaches, budget management, risk management, and benefits realization plan. The
feasibility study would reveal if the project suggested is feasible enough to be carried out
in terms of economic, social, and project outcomes.
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CONTENTS
EXECUTIVE SUMMARY.............................................................................................................2
1 PROJECT NEED.....................................................................................................................5
1.1 SERVICE DELIVERY REQUIREMENTS.....................................................................5
1.2 ALIGNMENT WITH PROGRAM PLAN.......................................................................5
1.3 PROJECT OBJECTIVES.................................................................................................5
1.4 CRITICAL SUCCESS FACTORS (CSF’S)....................................................................5
1.5 ORGANISATIONAL CHANGE.....................................................................................5
2 OPTIONS ANALYSIS............................................................................................................6
2.1 OPTIONS CONSIDERED...............................................................................................6
2.2 OPTIONS EVALUATION CRITERIA...........................................................................6
2.3 OPTIONS DEVELOPMENT...........................................................................................6
2.4 OPTIONS EVALUATION...............................................................................................6
2.5 RECOMMENDED OPTION............................................................................................7
3 PROJECT DEFINITION.........................................................................................................8
3.1 SCOPE DESCRIPTION...................................................................................................8
3.2 CONSTRAINTS AND DEPENDENCIES.......................................................................8
3.3 SCOPE MANAGEMENT................................................................................................8
3.4 PROJECT DELIVERABLES...........................................................................................8
3.5 PROJECT KPI’S...............................................................................................................8
4 PROJECT APPROACH..........................................................................................................9
4.1 PROJECT MANAGEMENT STRATEGY......................................................................9
4.1.1 PROJECT STRUCTURE..........................................................................................9
4.1.2 PROJECT GOVERNANCE FRAMEWORK...........................................................9
4.1.3 PROJECT REPORTING STRUCTURE...................................................................9
4.2 PROCUREMENT STRATEGY.......................................................................................9
4.3 COMMUNICATION AND STAKEHOLDER MANAGEMENT STRATEGY............9
5 BUDGET, PROGRAM AND RISK.....................................................................................10
5.1 TIMING / PROJECT READINESS...............................................................................10
5.2 BUDGET/COST ANALYSIS AND FUNDING STRATEGY......................................10
5.3 RISK ANALYSIS AND MANAGEMENT STRATEGY.............................................10
5.4 PROJECT QUALITY MANAGEMENT STRATEGY.................................................10
5.5 PROJECT COMPLETION STRATEGY.......................................................................10
5.6 BENEFITS REALISATION PLAN...............................................................................10
6 REFERENCES......................................................................................................................11
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APPENDIX A................................................................................................................................12
A.1 PROJECT SCHEDULE..................................................................................................12
A.2 PROJECT COST PLAN.................................................................................................12
A.3 PROJECT RISK REGISTER.........................................................................................12
A.4 BENEFITS REALISATION PLAN...............................................................................12
A.5 FINANCIAL ANALYSIS on OPTIONS.......................................................................12
A.6 STAKEHOLDER ASSESSMENT MATRIX................................................................12
A.7 **********.....................................................................................................................12
A.8 **********.....................................................................................................................12
A.9 **********.....................................................................................................................12
LIST OF TABLES
Table 2-1 | Project options...............................................................................................................7
Table 2-2 | Table 2 footer example – linked to contents.................................................................7
LIST OF FIGURES
No table of figures entries found.
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1 PROJECT NEED
1.1 PROJECT NEED
The population of people living in Williamstown is increasing every year. Many of them do not
yet own their houses or are struggling to get one because of increasing real estate prices. There is
a need to build affordable housing schemes that people in the town can afford. The city needs a
new infrastructure consisting of residential complexes that can be afford by the middle class and
upper middle class people living in the city. For this a site needs to be purchased and built into
residential places. Wylde Properties is a 10 years old residential construction organization that
has identified a site near Bridges pond in the town that has greater potential for the construction
of affordable recreational houses. Thus, this project would aim to build a recreational affordable
housing scheme in the selected location which would serve the following needs:
 Build residential homes that can be afford by middle class and upper middle class
population of the city
 Ensure that the project site chosen is right for the construction of the desired project and
it would get the construction firm desired profits from the project.
1.2 PROJECT OBJECTIVES
The aim of this project is to construct a residential area with affordable recreational homes that
can be made available to the middle class and upper middle class population of the same. The
objectives of the project would be:
 Make the choice of site which is most feasible for the construction project
 Ensure that the housing constructed are affordable through minimizing the cost of
development
 Ensure provision of all the facilities and amenities including recreational areas in the
residential property planned.
1.3 CRITICAL SUCCESS FACTORS (CSF’S)
Critical success factors of a project are the factors that determine the possibilities success in
terms of the achievement of the goals of a project. These goals can be related to economic
success and social success. The critical success factors that would determine the possibilities f
the success of the affordable housing project include:
 Affordability of the homes have to be maintained with provision of the houses through
purchase, mortgage or rent at low costs as compared to other housing schemes
 Residential houses must meet the associated regulations and thus, it is important to have a
good governance established on the project
 The project should have adequate funds needed for construction in order for the project to
be a success by ensuring that all needed facilities and amenities have been constructed
 The resources used on the project must be efficient and should be used with minimum
wastage
 Efficient management with low cost of construction and higher benefits to stakeholders is
needed (Bakar, 2010)
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