Feasibility and Timeline Analysis of a Residential Construction Project

Running head: STRATEGIC PROJECT MANAGEMENT
Strategic Project Management
[Name of the Student]
[Name of the University]
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1STRATEGIC PROJECT MANAGEMENT
Introduction:
This major aim of this report is analyse the feasibility and the timeline that the
construction project is having. The report would be discussing about the residential project
which is being conducted in the La Trobe Street, Melbourne Victoria 3000. The major reason
behind the selection of this area is because of the reason that this region is very densely
populated (Burtonshaw-Gunn 2017). The development of the planned project would be
helping a lot in developing the residential area. This project would be completed by
considering the continuous improvements along with maintenance of equity. The project is to
be completed within the time span of 8 months.
Feasibility of the Project:
Feasibility of the project is considered to be an analysis that is needed for the purpose
of measuring the likelihood as well as the availability of the completing the entire project.
Feasibility of the project needs to be analysed so as to evaluate the possibilities of success of
the project (Walker 2015). This also aims at ensuring the success of the project along with
ensuring the fact that the project provided is economically feasible and justified. Feasibility
study is very important for this project as this helps in emphasizing upon factors which
mainly includes the following:
Stamp duty: This is to be analysed mainly because of the fact that this helps in
understanding the charge by depending upon the various transactions related to the project.
Stamp duty of the land that is going to be used has an imposed stamp duty of around
90000.the amount is provided as stamp tax which needs to be paid at the time of transferring
the land (Kerzner and Kerzner 2017).
Conveyancing fees: This is considered to be the act that is responsible for proper
engagement of the various activities that are needed in to transfer the land properly to the

2STRATEGIC PROJECT MANAGEMENT
buyer from the seller (Grover and Froese 2016). This is generally a written document that
helps in involving the requirements as well as the legal procedures that are needed in order to
transfer the property to the authentic buyer legally.
Small size of allotment: The size of the allotted land can be measured by usage of poles. The
measurement is generally done by emphasizing upon the concept of 10 poles which is around
250 square meter. This is to be used by the given project so as to measure the allocated land
and this is done by making use of the poles (Sears et al. 2015).
Rate of the council on monthly basis: This is the charge that is put upon the project by the
local council every month in order to complete the project successfully. Payment is made
monthly to the local council and this amount might change according to various factors. So it
can be stated that this value is not constant (Kelly, Male and Graham 2014).
Overall income from the monthly rental: This is the amount which is collected from the
peoples who would be renting the residential duplex once the project is completed and the
estimated amount that is to be collected is around $800000. The monthly collection would be
associated with providing an opportunity of purchasing more premises (Langford et al. 2014).
Agent fees: This is considered to be the fees that is paid to the agents at time intervals, which
is generally needed for the purpose of completing the project within deadline and within the
required criteria (Brioso 2015). The agent would be associated with using this fee so as to
provide the project with proper resources according to the requirements of the project.
The proper feasibility study that has been conducted regarding this project has been provided
in the table below:
Project Feasibility Study