Strategic Project Management for Construction of Residential Duplex

Running head: STRATEGIC PROJECT MANAGEMENT
STRATEGIC PROJECT MANAGEMENT
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1STRATEGIC PROJECT MANAGEMENT
Table of Contents
Introduction..........................................................................................................................2
Feasibility of Project Study.................................................................................................2
Constraints and Goals..........................................................................................................6
Constraints.......................................................................................................................6
Goals................................................................................................................................6
Macro Environment Business Drivers.................................................................................7
Micro Environment Business Drivers.................................................................................8
Conclusion...........................................................................................................................9
References..........................................................................................................................11

2STRATEGIC PROJECT MANAGEMENT
Introduction
The following report emphasizes on the feasibility and timeline of a construction project.
The residential project is being carried out at La Trobe St & Swanston Street, Melbourne VIC,
3000 (Kerzner and Kerzner 2017). La Trobe has been selected as this region is densely
populated. The reason for this development of residency which can easily flourish in this area.
The ultimate goal of this project is to improve both the income along with equity. It has been
analyzed that the whole business can develop with a value of $ 800,000 in their cash reserve so
that they can fund for residential duplex project (Too and Weaver 2014). It has been calculated
that the given project can be easily completed in the timespan of 8 months. In the coming pages
of the report an idea has been provided regarding two important aspects that is timeline and
feasibility of the project.
Feasibility of Project Study
Feasibility of the given project can be stated like an analysis which is needed for
measuring both the likelihood and its ability of completing the given project (Mir and Pinnington
2014). It can be easily analyzed that the feasibility of the project needs to be conducted for
evaluation of success of the project. It mainly aims in ensuring the overall success of the
projects. Apart from this, it also ensures that the given project is economic feasible. Feasibility
study is helpful in construction of residential duplex which emphasize on certain number of
factors like:
Stamp duty: It can be analyzed that stamp duty is helpful in levied on the land. The
whole thing is based on transaction which are document (Kerzner 2018). This particular amount
is mainly given as stamp tax which is needed at the time of transferring of the land.

3STRATEGIC PROJECT MANAGEMENT
Conveyancing fees: It can be defined similar to an act which is needed for engaging in
the activities which is needed for proper transfer to the given owner followed by buyer. It can be
sated as a written document which helps in involving both the requirements of the given deeds
for proper transfer to some of the legal procedure as well as deeds which is required for proper
transfer to the given legal title which is mainly related to buyer as well as seller of the land.
Small size of allotment: Allotment of land size can be easily measured by making use of
poles along with perches (Marcelino-Sádaba et al. 2014). This particular method of land
measurement which mainly emphasize on 10 poles which is equal to value of 250 square meters.
It is mainly allocated for the given project which is measured by value of poles.
Rate of council on monthly basis: It is defined as one of the charge which is put by
local council on each and every month. It is collected so that a proper residential project at La
Trobe St can be easily constructed.
Overall monthly income in form of rental: It can be easily stated that money can be
collected on the monthly basis. It varies from variant tenants of the residential duplex (Walker
2015). The total amount is estimated to stand out at $800,000.00.
Income from Monthly Rentals: It can be easily stated as a money which is being
collected on the basis of month from various tenant of the residential duplex (Marcelino-Sádaba,
González-Jaen and Pérez-Ezcurdia 2015). In major of business it is seen that it does not have
enough fund which provides an opportunity for purchase. It then pays the amount which is
collected from different tenants on monthly basis.
Agent fees: The fee is generally paid to the agent on the interval of basis which is needed
for completing the project of this construction of residential of duplex (Heldman 2018). The