Project Development and Optimisation: APIC Solar Panel Project Report

This project report focuses on the development and optimization of a solar panel installation project for APIC Project Development & Optimisation Pty Ltd. It begins with an introduction to project development and the context of the chosen company, APIC. The main body of the report includes an analysis of the project's potential, considering market research and decision-making processes. It presents cash flow diagrams, details assumptions, and conducts a sensitivity analysis regarding interest rates and economic factors. The report also provides the total project cost with a work breakdown structure, reasons for project recommendations, a Gantt chart, and stakeholder engagement details. The project aims to install new solar panels to generate 20KWh of electricity per day. The report concludes with a summary of findings and includes a list of references.

Project Development &
Optimisation

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Provide explanation in terms of conducting analysis, making decisions and assumptions.........3
Provide Cash Flow diagrams.......................................................................................................4
Provide details of any assumptions made if needed....................................................................4
Conduct a sensitivity analysis with respect to interest rate and economic analysis....................4
Develop the total project cost as well as providing clear work breakdown structure.................5
Reasons for recommending the project.......................................................................................6
Develop the Gantt and project milestone.....................................................................................6
Stakeholder engagement..............................................................................................................8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Project Development is the process which includes the process like planning, organising,
coordinating and controlling the available resources for the purpose of accomplishing any of the
specific goals in limited time period. In context of the file, the chosen organisation is APIC
Project Development & Optimisation Pty Ltd. This is one of the company which involves
themselves in introducing new projects for the purpose of accomplishing the targets. In this
report, organisation is going to conduct work on “Installation of new solar panels for 20KWh
electricity consumption per day”.
MAIN BODY
Provide explanation in terms of conducting analysis, making decisions and assumptions
It is necessary to understand that whenever any of the project is going to be started, any
of the company is required to conduct proper research so that they can easily analyse whether
company should invest the capital or not. In the same manner, the result of Australian report
shows that solar panel accounts only around 5.2% of total electricity in Australia according to the
report. This report clearly indicates that there is lot of potential in this particular project and even
it can easily allow to earn higher percentage of profit if this project can be introduced. There are
high possibilities for the company to enhance this business because work related to solar panel
cannot be reduced as it uses of electricity is increasing on a daily basis. Every decision making
process must be based on analysis which is being conducted before deciding whether company
should invest or not. In context of APIC Project Development & Optimisation Pty Ltd, they must
take decision to introduce solar panel so that organisational goals can be accomplished. It can be
assumed the profit earning in this particular business will not reduce in any of the circumstances
for the business (Havinga, 2018). Also, company can give tough competition to the rivalry firms
which is very important in present scenario.

Provide Cash Flow diagrams
Here, the cash flow diagram shows that company is going to introduce the project where
they will invest $55,000 million so that they can perform their work at a greater platform and
meet the target. The annual operating cost will be around $ 9500 m. Also, there will be the phase
where rebuilt cost will also be required where company will use around $22000 million. Finally,
the salvage cost will be around $ 6000.
Provide details of any assumptions made if needed.
It is among one those project where help can be taken from Australian government
because currently they have been also focusing towards those plans and policies which can allow
them to work towards renewable energy. As company is trying to work according to the plans of
local people which will simply allow them to generate electricity. It will simply give opportunity
to the organisation to earn profit at a higher percentage (Oliveri, 2017). Looking at the scenario,
the assumptions can be made where company can get the chance to raise from market at very
low amount of interest rate as it is among one of those project where there is higher possibility of
earning more amount of profit. Company can also assume that they can get different types of tax
benefit due to which is profit earning can be increased and even it will allow the organisation to
introduce similar form of project again and against for the purpose of earning profit at a higher
percentage rate of rate. Also, it will allow to bring positive impact on the environment which is
very much important in current scenario.
Conduct a sensitivity analysis with respect to interest rate and economic analysis
Sensitivity analysis to interest rate of APIC Project Development & Optimisation Pty
Ltd. will mainly focus towards fixed income asset where price can be fluctuated. Due to the
fluctuation of interest rate the overall profit percentage of the company changes. In context of the
project there is very limited chances of fluctuation in interest rate because securities which are

placed have very less sensitive information. On the other side, while analysing about economic
situation, it can be easily said that if an organisation like APIC Project Development &
Optimisation Pty Ltd will be able to introduce this particular project then they can easily allow
themselves to improve their overall economic condition (Beddad, Hachemi and Vaidyanathan,
2018). It is directly or indirectly based upon the overall result of the project which has been
decided by the business entity.
Develop the total project cost as well as providing clear work breakdown structure.
In context of the project, it is necessary to understand that installing the solar panel incurs
huge amount of fund so that every single activity can be managed in a systematic manner.
Below, total cost of the project has been prepared as a part of budget which is needed to be
considered for making any of the financial decision.
Particular Amount
Equipment’s $750000
Rent $25000
Training & Development Programs $30000
Salary $95000
Total $900000

Reasons for recommending the project
Whenever any of the project is started, company mainly focuses on its outcome so that
they can easily determine whether their goals can be accomplished or not. In context of APIC
Project Development & Optimisation Pty Ltd, it was necessary for the organisation to work for
the solar panel because it directly or indirectly allow them to increase their revenue. This are
those form of business where there are very minimum chances of facing any sort of losses. This
will be one of those project where they have a target of 20KWh of electricity on a daily basis
which means government will not have to focus towards other source only for generating
electricity. In short, success of the project can allow the organisation to get more number of
project from government due to which profit earning an be increased (Mitchell, 2016). In short,
company will get number of option for earning the profit through this project for longer time
period which is very essential in current scenario.
Develop the Gantt and project milestone
Gantt Chart: It is defined as process of presenting information in graphical view where
each and every activity are mentioned according to required plans and policies. It is helpful
because it simply allows to indicate that when any of the work is required to be completed and
when it must be started so that delay in process will not take (Quintana, 2016). It can be helpful
for the company like APIC Project Development & Optimisation Pty Ltd
Installation of new solar
panels for 20KWh electricity
Initiation
Business case Feasibility
study
Planning
Project plan Cost-Benefit
Analysis
Execution
Project
monitoring
plan
Feedback
report
Closure
Post project
analysis
Financial
closeout Project review

Stakeholder engagement
In any of the organisation there are different stakeholders who are connected with
organisation and they are the one who can play the most important role in accomplishing the
goals. In context of APIC Project Development & Optimisation Pty Ltd, there are different
stakeholder for them such as employees, directors, investors, government, electricity consumer
and many more. Below, their engagement has been discussed.
Employee: They are always one of the most important stakeholder of the company they
directly or indirectly allows the organisation to accomplish the goals. Here, in this particular

project they will have to work for the setup of solar panel in correct form which can simply allow
them to generate the profit.
Government: They are among the crucial stakeholder within the project because they
will directly or indirectly show their involvement with the project. As it is one of the government
related project, they can contribute by reducing the percentage of tax rates through which higher
dedication can be seen from the side of company.
Customers: They are the one who will enjoy the benefits of solar panel because they will
be used for generating electricity which will be used by them (Patten, 2019). It will be one of the
least expensive process to generate profit which means customers will get the option to pay low
amount of price of every single unit consumed for electricity.
Investor: Talking about this particular stakeholder, they simply allow the organisation to
involve with the project because they are one who is going to invest within the project. It is said
that as they invest with the project, there role increases at the time of taking any of the business
decision.
CONCLUSION
From the above discussion, it can be concluded that any of the business entity which is
going to introduce any of the project they must be well aware about any of the work so that
chances of errors can be reduced. WBS allows to prepare plan and policies whereas Gant Chart
gives the option to decide that when and how any of the activity must be completed of any of the
specific project.

REFERENCES
Books & Journals
Havinga, T., 2018. On the Development, Implementation, Optimisation of a Parallel Contour
Detection Algorithm (Doctoral dissertation).
Oliveri, P., 2017. Class-modelling in food analytical chemistry: Development, sampling,
optimisation and validation issues–A tutorial. Analytica chimica acta, 982, pp.9-19.
Beddad, B., Hachemi, K. and Vaidyanathan, S., 2018. Development and optimisation of image
segmentation algorithm on an embedded DSP-platform. International Journal of
Computer Applications in Technology, 58(3), pp.250-258.
Mitchell, M., 2016. Development and optimisation of photonic crystal based
nanosensors (Doctoral dissertation, University College Cork).
Quintana, C. L. S., 2016. Development and optimisation of protocols for surface cleaning of
cultural heritage metals (Master's thesis, Universidade de Évora).
Patten, H. W., 2019. Development and optimisation of advanced auxiliary ion heating schemes
for 3D fusion plasma devices (No. THESIS). EPFL.