Project Feasibility Study and Timeline: Residential Duplex Construction project in 156 King St, Bendigo, VIC 3550

Running head: FEASIBILITY STUDY AND TIMELINE
Project Feasibility Study and Timeline: Residential Duplex Construction project in 156 King St,
Bendigo, VIC 3550
Name of the Student:
Name of the University:

1FEASIBILITY STUDY AND TIMELINE
Table of Contents
Overview..........................................................................................................................................2
Project constraints and goals...........................................................................................................2
Constraints...................................................................................................................................2
Goal..............................................................................................................................................3
Feasibility report..............................................................................................................................3
Feasibility details.........................................................................................................................3
Timescale.....................................................................................................................................7
Macro-environment business derivers.............................................................................................7
Economic.....................................................................................................................................8
Competitive..................................................................................................................................8
Resourcing...................................................................................................................................8
Demographic factors....................................................................................................................9
Micro-environment business drivers...............................................................................................9
Technical or internal expertise.....................................................................................................9
Time pressure.............................................................................................................................10
Other people related considerations...........................................................................................10
Bibliography..................................................................................................................................11

2FEASIBILITY STUDY AND TIMELINE

3FEASIBILITY STUDY AND TIMELINE
Overview
These days for construction industry duplex are one of the solid areas of investment that
can bring commercial benefits and competitive advantages for local council and regional centre
of Bendigo as well. The location that has been chosen for the construction of residential Duplex
building is 156 King St, Bendigo, VIC 3550. Fixed cost contract is signed for this construction
project. Though, the planned cost and actual cost for this project can be different. The triple
project constraints scope, time and budget for the project are to complete the residential duplex
building construction project in budget of $800,000 and time of 9 months. Whether the project
will be commercially successful of not is measured with the help of a feasibility report. Not only
this but also a project timeline is also presented in the report. In addition to this, before final
execution of the project activities both the micro and macro business environment are also
analyzed by the project supervisor (Mok, Shen and Yang 2015). The project team is allocated
after analyzing all the above mentioned factors. Therefore, the project should be prepared in such
a way so that it can be identified as a feasible.
Project constraints and goals
Constraints
Constraints are the most valuable factors that help in increasing business values an
commercial profit as well. The project constraints are referred to as a restriction that restricts the
project to process or floe beyond identified boundaries. The scope of the project is to sign a fixed
contract and make sure that it is completed in the assigned time of 9 months and budget of
$800,000. It is determined that if the construction is done successfully then the growing