Strategic Project Management: Residential Development Project

Running Head: STRATEGIC PROJECT MANAGEMENT
Strategic Project Management: Residential Development Project
Name of the Student
Name of the University

1STRATEGIC PROJECT MANAGEMENT
1.0 Introduction
Feasibility study of a project is defined as an analysis that is conducted in order to ensure
the project is doable based on a certain set of parameters set previously. Commonly, the
feasibility of a project is judged using time or budget as the standard but some other macro-
environment and micro-environment factors are also considered. In this particular case project, a
residential duplex will be constructed in the Queensland Town of Tara in order to promote the
growth and development of the population of that particular region. The total budget of the
project is set at $800,000 and a total time period of 9 months has been said for the execution of
the project.
This paper is mainly based on feasibility study of the overall case project in addition to
the development of a suitable timeline and cost feasibility analysis.
2.0 Feasibility Study on the Case Project
Project feasibility is the analysis of project based on certain criteria in order to determine
whether the project will be successful or not. Different types of project have different criteria for
success and the feasibility is reached only when all the factors are suitable for the organization to
fulfill.
This particular project is based on the development of a residential duplex and the
feasibility of the project will depend on the following factors.
Planning Permission – Construction of any concrete structure requires approval from a
relevant authority. For buildings and other large concrete structures, prior approval must be

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received from the government in the form of construction permit. In some cases, permit is also
required regarding the use of land for construction or receiving construction license for
proceeding with the work (Kerzner and Kerzner 2017). In certain projects, the permission for
construction is not received due to various factors like dispute over land, overlapping on the
neighbor’s land and others. In these cases, the project is not considered as feasible. In this chosen
case, there are no such disputes or issues and the permit for construction has also been received
from the local council of the government.
Environmental Impact Assessment – Building constructions should also seriously take
into consideration the environmental impact during the project work. In many cases, during the
construction process, the surrounding environment is negatively affected and polluted. Hence,
construction projects must be executed with great caution and ensuring the environment is not
impacted (Shakir and Nørbjerg 2015). This includes dumping of residual construction materials
at suitable places, fly dirt and ash, noise and others. There are certain standards available
regarding the use of construction materials and execution of the construction process that must
be followed closely during the entire project.
Legal / Statutory Approvals – In many cases, it has been seen that the selected piece of
land has some legal problems due to dispute or multiple claims on a single piece of land. In these
cases, permissions are generally not allowed to conduct construction on the land unless the
disputes are settled properly (Vukomanović 2016). Hence, before purchasing the land and
proceeding with the construction, it must be ensured that there are no disputes over the land and
permit can be earned easily for the initiation of construction.

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Budget and Client Requirements – Budget is often on the primary criteria based on
which, the feasibility of the project is judged. When a client books a project for execution, it
must be feasible with the budget or else it may fail at the later stages. In order to ensure sufficient
budget is available for the project, a feasibility test needs to be conducted to determine whether
the proposed budget is sufficient. In the case of this residential duplex project, a total budget of
$800,000 is proposed and it needs to be ensured that this budget will be sufficient for the
construction of the residential duplex.
Operational and Maintenance Issues – Feasibility of building construction also depends
significantly on the operational and maintenance issues that may arise due to several factors. One
major factor behind the occurrence of the issue is the landscape. Buildings in hilly landscape will
require more maintenance than the buildings on the plain land (Andersson and Chapman 2017).
The location of the building in this project case is on a plain landscape and hence, chances of
occurrence of operational and maintenance issues are less although they might be encountered
due to some unforeseen incidents. However, they will be manageable and the project can be
considered as feasible in terms of this particular factor.
Procurement Options – The final feasibility factor chosen for construction of building is
the procurement option. For the designs of technically advanced and ultramodern approach to the
buildings, procurement options for the materials are often limited as there are huge varieties of
requirements for such buildings. Again, if the building site is located at a remote area, the
procurement options are significantly limited.