Strategic Policies of Sydney Light Rail Project

This presentation provides information about the strategic policies of the Sydney Light Rail Project and evaluates its importance. It discusses the impact on transportation, economy, and environment, as well as the development of an advanced railway system. The net present value evaluation and costs and benefits of the project are also discussed.

SYDNEY LIGHT RAIL PROJECT
CPA STRATEGIC
MANAGEMENT
ACCOUNTING

Introduction
●The following power point presentation will
include info about the strategic policies that
were highlighted by the selected project. It
will consist of the strategic aspects and will
evaluate the importance of it. NPV and
other values have been well understood in
the following work

Summarizing the project
●The broad strategic
policy will ensure an
effective
transportation within
the city that will
increase the pace at
which the city runs
and ultimately boost
the economy (Otley,
2016)

Continued...
●The system will
connect parts of the
city that had no
direct transportation
modes between each
other, thus
decreasing the load
of other modes of
transportation.

Continued…
● The agenda of this project
is to ensure effective
transportation and better
connectivity between
different remote areas.
The City of Sydney along
with its suburbs covers a
large area and all these
areas did not have direct
transportation options
between them, this project
aims at solving this
problem (Ambrosini et al.
2015)

Continued...
●The train system will
decrease the use of
private vehicles by the
people which will
ultimately decrease the
carbon footprint of the
city as a whole. The
city has already
projected that by when
this project will
become fully functional
the use of private
vehicles in the city will
decrease by half.

Continued…
●The project focuses of bridging the gaps between
the urban and suburban areas of the city and
boost economic growth of these areas. Remote
suburbs that are not well connected to the
metropolitan area of the city lack economic
infrastructure. The project aims at urbanising
these areas. The city projects that property
prices will double in the areas that lie in the
vicinity of stations of the project.
●Though authorities have been questioned on
clearing green areas in the city for the purpose of
construction the have assured the public the cost
is far the less than the benefits this service will
reap.

Two key aspects of the project
●The two key aspects of the project have been
identified on the basis of evaluating element
like operational, financial and environmental
factors.
●The efficiency of the project when operational
has been discussed and the expectations are
high as the authorities have promised that
this project will increase the mobility of life in
the city substantially (Hiebl, 2014).

Continued…
●The financial gains and environmental factors
have also been taken into consideration and
the projection shows that the pros outweigh
the cons by a substantial margin (Fullerton et
al. 2014).
●The key stakeholders in this project are the
people of Sydney, and the government of
Sydney will be held accountable for the whole
project and the extent of its success
(Carlsson-Wall, Kraus and Lind, 2015)

1st aspect: increasing mobility and the
pace of transportation in the city
●This is the primary objective of the project as
the project aims at connecting areas that
previously had no direct mode of
transportation between them and had to rely
on multiple modes of transportation or
private vehicles for transportation (Morden,
2016).
●The NSW has assured that project is taking a
strategic direction in which most of the
remote suburbs of the city that did not enjoy
mobility which in turn hurt their economy are
to be connected by these project.

Continued…
●The project promises to ensure commuters a
safe hassle free and pocket friendly mode of
transportation that is punctual.
●Though questions have rose regarding the
economic feasibility of the project if the fares
are kept low but the authorities have
predicted that as substantial of commuters
who will be travel by the service will ensure
reasonable profit (Stead and Stead, 2014).

2nd aspect: Development of an
advance railway system
●The second objective that the city aims to achieve
with this project is an innovative mode of
transportation that will change the way people
think about public transportation i the city.
●The project aims to become a technological
innovation in the country. It will use the most
advanced tools and technology that the city has
at its disposal (Chiarini and Vagnoni, 2015).
●The current scenario of public transport in the
city is vulnerable and lacks discipline. This
project aims to fix this situation and ensure that
the public has an effective option of public
transport (Renz, 2016).

Net present value evaluation
●The expenses and the benefits are
categorised here. This list will help us
compare the benefits against the
economical feasibility of the matter.

The costs are elaborated
●parties and that would carry a massive price tag.
●Labour costs need to be taken into consideration
as they project would require a huge amount of
manpower. Though labour costs may be
substantial. But it will also create a considerable
amount of employment opportunities

Continued...
●The biggest concern
regarding cost is the
cost of maintenance as
it is a long term
expenditure and the
project will need to
sustain itself and earn
a profit. The
government is relying
on the massive amount
of passengers who will
benefit from the
project and in turn
provide the necessary
revenue.

The benefits are elaborated in the
following list
● The project will connect the metropolitan are to the
remote suburbs and boost their economies. Most of the
population relies on personal vehicles for transport in
these areas and thus an alternate mode of public
transport will be a worthy investment
● The new property that will be built will create new
opportunities for advertising and marketing. This will
generate a substantial amount of additional income. It
would help urbanise the suburbs and create alternative
city centres (Morden, 2016).

Continued...
● Setting aside the financial
aspect of the project, it will
also be a huge step in
creating a more organised
city. An efficient mode of
public transport was absent
in the city and citizens has
to either rely on faulty
systems or personal
vehicles for transport. An
efficient alternative will
create a more functional
city and expedite
urbanisation (Theriou,
2015).

Conclusion
●The proper providing of the Costs and the Net
Present value evaluation of the project has brought
forward information that guides one to understand
the real success. Development opportunities and
benefits tasted by the project has been well
inculcated in the above presentation

References…
● Ambrosini, V., Jenkins, M. and Mowbray, N. eds., 2015.
Advanced strategic management: A multi-perspective
approach. Macmillan International Higher Education.
● Carlsson-Wall, M., Kraus, K. and Lind, J., 2015. Strategic
management accounting in close inter-organisational
relationships. Accounting and Business Research, 45(1),
pp.27-54.
● Chiarini, A. and Vagnoni, E., 2015. World-class
manufacturing by Fiat. Comparison with Toyota production
system from a strategic management, management
accounting, operations management and performance
measurement dimension. International Journal of
Production Research, 53(2), pp.590-606.
● Fullerton, R.R., Kennedy, F.A. and Widener, S.K., 2014.
Lean manufacturing and firm performance: The
incremental contribution of lean management accounting
practices. Journal of Operations Management, 32(7-8),
pp.414-428.

Continued…
● Hiebl, M.R., 2014. Upper echelons theory in management
accounting and control research. Journal of Management
Control, 24(3), pp.223-240.
● Morden, T., 2016. Principles of strategic management.
Routledge.
● Otley, D., 2016. The contingency theory of management
accounting and control: 1980–2014. Management
accounting research, 31, pp.45-62.
● Renz, D.O., 2016. The Jossey-Bass handbook of nonprofit
leadership and management. John Wiley & Sons.
● Stead, J.G. and Stead, W.E., 2014. Sustainable strategic
management. Routledge.
● Theriou, N.G., 2015. Strategic Management Process and
the Importance of Structured Formality, Financial and Non-
Financial Information. European Research Studies, 18(2),
p.3.

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