Real Estate Development Project for Construction

Added on -2020-02-19

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Running head: STRATEGIC PROJECT MANAGEMENTProject Feasibility Study and Timeline: A Case Study of Residential DuplexDevelopment ProjectStudent Name:University Name:
STRATEGIC PROJECT MANAGEMENT1Table of ContentsIntroduction......................................................................................................................................2Constraints and goals.......................................................................................................................2Macro-environment business drivers...............................................................................................3Micro-environment business drivers...............................................................................................4Conclusion.......................................................................................................................................4Bibliography....................................................................................................................................5Appendix..........................................................................................................................................7Project Feasibility study..................................................................................................................7Project Timeline...............................................................................................................................7
STRATEGIC PROJECT MANAGEMENT2IntroductionThis project is based on real estate development project for construction of ResidentialDuplex with a cash reserve of $800,000.00. The objective of the project is to develop a smallresidential development in a regional centre that has to be completed within a timeframe of ninemonths. The location for the project that has been chosen is Edwardstown in Adelaide of SouthAustralia. The land that has been determined for construction of the duplex building has a size of3000 sq. m. and minimum land allotment size of 1000 sq. m. The evaluation on projectfeasibility has been presented in the Appendix along with the project timeline. The sections ofthis report presents the constraints and goals of this project along with discussion on macro andmicro environment business drivers for determining feasibility of the project. Constraints and goalsThe constraints of this project are almost similar to that of any other construction projectas illustrated below:Economic constraints: This constraint mainly occurs due to limited budget and due tothis condition, the construction system been adopted may not be suitable for achieving the goalsand quality of the project. Legal constraints: In construction projects, there may occur various legal constraintsmainly related to work law, regulations in safety and plan for supervising the project. Technical constraints: There may occur various technical constraints that may arise fromrestrictive site area and congested surroundings.

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