Residential Duplex Development Project Report 2022

Running head: STRATEGIC PROJECT MANAGEMENT
Residential duplex development project
Name of the Student
Name of the University
Author’s Note

STRATEGIC PROJECT MANAGEMENT
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Table of Contents
1. Introduction..................................................................................................................................2
2. Feasibility analysis.......................................................................................................................2
3. Constraints and goals..................................................................................................................6
3.1 Project constraints..................................................................................................................6
3.2 Project goals...........................................................................................................................6
4. Macro environment business drivers...........................................................................................7
5. Micro-environment business drivers...........................................................................................8
6. Conclusion...................................................................................................................................9
References......................................................................................................................................10

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1. Introduction
The paper mainly focuses on the preparation of project feasibility report and timeline
that is mainly based on the information which is achieved from the residential duplex project
which is situated in 140, Rusden Street, Armidale, Australia. The aim of undertaking this project
is to gain both equity and income as much as possible. It is found that the current business-
related project that is undertaken will get finished within the timeframe of 9 months and the cash
reserve that is allocated for the project will be around $800,000. The entire paper provides proper
explanation that is required to be supported by evidence and further which is mainly sourced by
each of the item. In addition to this, the paper elaborates both the macro and micro business
drivers.
2. Feasibility analysis
According to Rodrigues et al. (2016), the feasibility analysis that is undertaken within the
entire project is mainly utilized for successfully determining the viability of a particular idea for
ensuring that the project of duplex construction is feasiable. The feasibility analysis that is done
on the project mainly includes the terms which are elaborated below:
Information about land council: It is found that the duplex residency project that is
undertaken in 140 Rusden Australia is under the Armidale regional council. It is identified that
the council allotted 10,000 square feet of land and provides planning fees of around $90,000. In
addition to the monthly rates of the council is around $4000 on average as the amount that is paid
to the council varies.
Development planning fees: The development planning fees which are mainly under the
2016 regulation and as per the planning, it is found that an amount of money is generally

STRATEGIC PROJECT MANAGEMENT
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required to be paid for making the entire plan for accomplishing the development of duplex
residential project (Njoh 2016). For the duplex project, the development planning fees which is
required to be provided by the local council will be around $90,000.
Monthly council rates: It is stated by Hans et al. (2015) that monthly rate of the council
is a amount of money that is mainly paid in every month for completing the work of
development in context to residential duplex. Moreover, the amount of money that is mainly paid
generally chances every month as it is dependent on a lot of fcators and therefore the value is not
constant.
Duplex estimated value: The money which is assumed to be sufficient for the
development of the duplex residency in 140, Rusden Street is defined as the duplex estimated
value which is around $800,000.
Monthly rental income: It is stated by Naik (2015) that the amount of money which is
gathered by the landlord from tenant for utilizing the residential duplex is known as the monthly
rental income. In some of the cases, the business does not have sufficient funds that is mainly
required for purchasing the premises will generally need to make the entire payment in
instalment basis. If the residential duplex is constructed then the landlord can keep tenants and
get money in monthly form which is considered as the income.
Monthly agent fees: The agent is paid on a monthly basis for their engagement within
the project. In the duplex development project, it is found that around $7,000 is paid as agent
fees on monthly basis for their involvement in the project.
Monthly landlord insurance: It is mainly based on different types of insurance policy
which mainly aims for taking the entire coverage about the property of the owner as well as the