Residential Duplex Development Project
Added on 2020-02-19
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Running head: STRATEGIC PROJECT MANAGEMENTStrategic Project ManagementResidential Duplex Development ProjectName of the Student:Student ID:Name of the University:Author’s note:
1STRATEGIC PROJECT MANAGEMENTTable of ContentsIntroduction......................................................................................................................................21. Project Feasibility Study..............................................................................................................22. Project Schedule..........................................................................................................................5Conclusion.......................................................................................................................................8References........................................................................................................................................9
2STRATEGIC PROJECT MANAGEMENTIntroductionThe construction project management is developed for forming the effective analysis ofthe tools and techniques of project management for developing the project of Residential DuplexDevelopment Project. According to Fleming and Koppelman (2016), the development of theproject operations would be helpful for forming the effective development of the projectoperations for forming the effective and improved processing of the organization. The following assignment would help in analysing the Project Feasibility Study for theproject and it would result in forming the development of the project integration management.The feasibility study had been formed for integrating the role of the project in forming theeffective deployment of the project. The second part of the assignment would involve thedevelopment of the project schedule using tables and diagram in Ms-Project Software.1. Project Feasibility StudyThe project feasibility study is the analysis of the monetary values of the project anddevelopment of the effective costing analysis for the construction product (Larson and Gray2013). The feasibility study of the “Residential Duplex Development Project” would be donefor considering the development of the effective and smart processing of cost estimation. Asmentioned in Domain.co.au (2017), the price of the land in Harvey is to be about AUD$40,000.00. The feasibility study would include the analysis of the information like landinformation, purchase information, local council information, construction information, duplexinformation, and cash value of project results (Schwalbe 2015). The following table would showthe feasibility analysis of the project of “Residential Duplex Development Project”,
3STRATEGIC PROJECT MANAGEMENTName of the Document: Project Feasibility StudyName of the Project: Residential Duplex Development Project1. Land Information2. Purchase InformationLand Address:44-46 HarveyStreet Land Price:$37650.00Suburb/Town:StrahanTas7468Stamp Duty:$1885.00Land Size:1200 sq metersConveyance fees:$465.003. Local Council Information4. Construction InformationLocal Council Name: West CoastCouncilBuilder Name:John KateMinimum Land AllotmentSize:1000 sq metersDuplex ConstructionCosts:$39,600.00Development Planning Fees:$772.00Monthly Council Fees:$200.005. Duplex InformationDuplex estimated value:$115,000.00Monthly Rental Income$750.00Monthly Agent fees:$115.00Monthly LandlordInsurance: $175.00Project ResultsEquity Value=Duplex value ($115,000.00) {Less} Total Outgoings($80752.00)Equity Value=$69072.00Net Monthly Rental Income=Gross Monthly Rent ($750.00) {Less} Holding Costs($290.00)Net Monthly Rental Income=$460.00Table 1: Project Feasibility StudyLand tax rates and Duty payable for property in Tasmania Total Land ValueCurrent Tax Scale
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