Feasibility Study and Timeline Review for Residential Development Project

Running head: PROJECT MANAGEMENT
Case Study- Development of multiplex Duplex
Name of the Student
Name of the University
Author’s Note

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PROJECT MANAGEMENT
Table of Contents
1. Introduction............................................................................................................................2
2. Feasibility Study of the project..............................................................................................2
3. Constraints and goals.............................................................................................................6
3.1 Constraints........................................................................................................................6
3.2 Goals................................................................................................................................6
4. Macro environment business drivers.....................................................................................6
5. Micro environment business drivers......................................................................................7
6. Conclusion..............................................................................................................................9
References................................................................................................................................10

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1. Introduction
The paper mainly showcases the feasibility study as well as the timeline review that
was mainly done for the residential development within the area 5-55 Chaston Street, Wagga
Wagga. It is found that the residential development was selected in the area of Waga Waga as
the population of the region is more than 20,000 residents and thus the availability of
residency within that area will be helpful for both the business as well as for the residents of
that area. It is found that the total amount that was funded for the project will be around
$800,000 by a real estate development business. The feasibility study as well as timeline is
generally done before the initiation phase of the project for ensuring the project is
economically feasible and the time that is required for completion of the project is justified.
The paper analyzes both the feasibility as well as timeline of the project by utilizing
real as well as statistical data. In addition to this, the paper also discusses micro environment
business drivers as well as macro environment business drivers for identifying the factors that
assists in driving the entire business of residency towards success.
2. Feasibility Study of the project
It is an analysis, which is mainly utilized for measuring the likelihood and capacity of
accomplishing the entire project effectively within the budget, and time that is expected by
meeting all the objective and requirements of the project (Schadde et al. 2015). The project
feasibility analysis is mainly used for analyzing that project success for making sure that the
project which is mainly commenced is feasible and the project will not face any type of
financial challenges. It is found that similarly before the residency development it is quite
necessary to undertake proper feasibility study of the project for analyzing that the project
that will be commenced will be economically feasible or not. The feasibility study that is

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PROJECT MANAGEMENT
conducted for the residency development is mainly reflected in the table below that shows
that the residency development project is quite feasible.
Project Feasibility Study
1. Land Information 2. Purchase
Information
Land Address: 5-55 Chaston Street,
Wagga Wagga
Land Price: 3,00,000
Suburb/Town: Wagga Wagga Stamp Duty: $12,000
Land Size: 950 square feet Conveyancing
Fees:
$7,000
3. Local Council
Information
4. Construction
Information
Local Council Name: Waga Waga
Regional Council
Builder Name: ADCO
construction
Minimum Land
Allotment Size:
900 square feet Duplex
Construction Costs:
$3,50,000
Development Planning
Fees:
$70,000
Monthly Council Rates: $3,000
5. Duplex Information
Duplex Estimated
Value:
$8,00,000
Monthly Rental
Income:
$70,000
Monthly Agent Fees: $5,000