Duplex Feasibility Study

Running head: PROJECT MANAGEMENT
Duplex Feasibility Study
Name of the Student:
Name of the University:

1PROJECT MANAGEMENT
Table of Contents
Introduction......................................................................................................................................2
Project feasibility study and project timeline..................................................................................2
Constraints and goals.......................................................................................................................7
Macro environment business drivers...............................................................................................8
Micro environment business drivers................................................................................................9
Conclusion.....................................................................................................................................11
References......................................................................................................................................13

2PROJECT MANAGEMENT
Introduction
The report is focused on Residential Duplex Development Project at 45
Glendon Street, Kingaroy, Australia. The project is focused on creating equity as well as income
due to construction of the building. The total time scheduled to complete the construction work is
9 months with an estimated budget of $800,000. The report is reflected on the project feasibility
study and project timeline for the development project with discussing on the constraints and
goals. The plan is also discussing on the macro environment business drivers and micro
environment business drivers factors which are providing effect on the business success. This
particular report is discussed on project constraints and project goals so that there is process
success.
Project feasibility study and project timeline
The feasibility study is determining viability of the ideas such as making sure that the
project is both legally as well as technically feasible and economically feasible. Feasibility study
is offered with background of the project, description of the product, details of business
operations and marketing research of the development work. Following are areas of feasibility
study which is determined for the Residential Duplex Development Project such as:
Technical feasibility: This assessment is focused on the technical materials and
equipments required to develop the building work. It helps to determine if the technical resources
are able to meet with business capacity (Meredith, Mantel and Shafer 2017). The study is based
on evaluating technical needs of the development project.

3PROJECT MANAGEMENT
Economic feasibility: This assessment is involved with cost and benefits analysis of the
project work; determined viability of the project cost associated with the project before
allocation of financial resources. It enhanced project credibility and helped in decision making to
determine positive economical benefits of the project (Fleming and Koppelman 2016). The
estimated budget for the project work is $800,000. The fees included in the economic factors are
monthly agent fees, development planning fees, monthly council fees, land price and conveyance
fees focused on completion of residential duplex development project.
Legal feasibility: The project assessment is investigated with whether the aspect of
project is conflicted with the legal needs such as data protection act. The construction
organization constructs residential duplex in specific location (Heagney 2016). The feasibility
study is conducted to reveal of the ideal location of the business is not zoned with any type of
business.
Operational feasibility: The assessment is involved to undertake the project study for
analyzing and determining whether the organization is required to meet with the organizational
goals by completion of the entire work. The organizational feasibility study is examined how the
project plan can satisfy with building needs identified in requirements analysis for developing
the construction work (Kerzner 2018).
Scheduling feasibility: The assessment is required for the project success and the project
can fail if it is not completed in scheduled timeframe. Before starting of the project work, the
construction organization estimated that the project is completed in 9 months. If the construction
project is not completed on proposed scheduled time, then this development project is not
feasible (Girard and Girard 2015).