University Project Feasibility Study and Timeline Report - MBA641

This report presents a comprehensive project feasibility study and timeline for a residential duplex development located in Glen Alpine, New South Wales. The study analyzes project constraints, including time, scope, and budget, with a total budget of $800,000 and a 9-month timeframe. It includes a detailed feasibility analysis report covering land information, local council details, construction costs, and duplex information, along with a Gantt chart outlining the project schedule. The report also examines the macro environment, considering economic and demographic factors, as well as the micro environment, focusing on technical skills, time management, and people-related considerations. The conclusion emphasizes the importance of a well-defined feasibility study for project success, highlighting the potential for accommodating residents in the chosen location.

Running head: PROJECT FEASIBILITY STUDY AND TIMELINE
Assessment 2 – Project Feasibility Study and Timeline
Residential Duplex Development in 34 Hartford Avenue, Glen Alpine, New South Wales (NSW)
Name of the Student:
Name of the University:

1PROJECT FEASIBILITY STUDY AND TIMELINE
Introduction
The significant role of a project manager can be overlooked easily for real estate projects.
In order to keep any project in scheduled time and budget it is essential for project supervisor
and team associates to conduct proper feasibility analysis in terms of technical and operation to
ensure contract success. The location which is selected for this real estate project is 34 Hartford
Avenue, Glen Alpine, New South Wales (NSW) Australia.
Construction initiatives and property transactions need multiple steps, multiple inputs
from the stakeholders and budget. Both macro and micro businesssub environment are analyzed
before the project initiation. The macro business environment for the real estate project deals
with economic and demographic factors, resources and market competitiveness. On the other
hand, the micro business environment deals with technical, time and people related
considerations. A feasibility report is represented in the paper to ensure that it will be
accomplished in the reserved commercial funding of of $800,000 and time of 9 months.
1. Constraints and project goals
1.1 Project constraints
1.1.1Time
Time constraint estimates the time that a project would take for its successful completion.
Excellent time management needs proper planning, monitoring and control over the project
activities. Time management is a major function or tool that helps to track the project supervisor
to check that whether the project is running on schedule or not. The total time estimated for the

2PROJECT FEASIBILITY STUDY AND TIMELINE
duplex building construction project is 9 months which implies that the project must be
completed in 9 months. Thus, it is reasonability of the plan team associates to absolute the
project within assigned time of 9 months without any extension.
1.1.2 Scope
A well defined project scope ensures project success by giving a clear mission, vision and
direction to the project associates. Before initiating the project, supervisor needs to design and
share a scope statement with rest of the team associates to make the project outcome a successful
one. The scope of the project is to construct a duplex (two attached residence) on 34 Hartford
Avenue, Glen Alpine in New South Wales (NSW). The scope document identifies the details of
the stakeholders and strategies that will be applied to keep them engaged with the assigned
responsibilities. Details project kick off meetings, pattern of communication, activity details and
resource (physical and human) for the plan are also convoluted in the scope statement. The
finance manager will conduct a feasibility analysis to ensure that whether the project will be a
successful or not. Detail project timeline is also elaborated in this scope document. The primary
objective of the project is to construct the duplex building at a minimum cost.
1.1.3 Budget
The project budget needs to be estimated based on project requirements, time, resources
and complexity. In order to keep the construction project on track and boundary proper
feasibility analysis report should be presented by the supervisor. For estimating project cost
different tools and techniques are available. Cost benefit analysis is the nest suited approach that
has to be used by the scheme supervisor to estimate the overall project cost. Parametric project
estimation technique will help to identify the total budget. The project sponsors have reserved a

3PROJECT FEASIBILITY STUDY AND TIMELINE
cash funding value of $800,000 for the completion of the project. It has been resoluted that if the
finance head fails to estimate correct budget then the project will fail to meet the objectives.
1.2 Project goal
The project goal is to construct the duplex building project in estimated budget of
$800,000 and time of 9 months in 34 Hartford Avenue, Glen Alpine, New South Wales (NSW)
location.
2. Feasibility study report for the real estate construction project 350
2.1 Feasibility analysis report
Project Feasibility Study
1. Land Information 2. Purchase
Information
Land Address: 34 Hartford Avenue, Glen
Alpine, New South Wales
Land Price: $300,000
Suburb/Town: Glen Alpine, Sydney Stamp Duty: $22,000
Land Size: 1.5 acre Conveyancing Fees: $12,000
3. Local Council
Information
4. Construction
Information
Local Council Name: Campbell town Builder Name: Glen Alpine

4PROJECT FEASIBILITY STUDY AND TIMELINE
Minimum Land
Allotment Size:
1 acre Duplex Construction
Costs:
$800,000
Development Planning
Fees:
$20,000
Monthly Council
Rates:
$600
5. Duplex
Information
Duplex Estimated
Value:
$800,000
Monthly Rental
Income:
$50,000
Monthly Agent Fees: $9,000
Monthly Landlord
Insurance:
$8,000
6. Project Results
Equity Value = Duplex Value of $800000 les
s
Total Outgoings of
$1154000
equals $-
354000
Net Monthly Rental
Income =
Gross Monthly Rent of
$50000
les
s
Holding Costs of
$17600
equals
$32400
The factors considered for the construction project are elaborated in the below:

5PROJECT FEASIBILITY STUDY AND TIMELINE
Stamp duty: Definition of stamp duty implies that, project which breaks the barrier of $1
Million has maximum stamp duty. For different countries and stamp duties are also different.
Stamp duties are used to fulfill registration purpose and it gives legal ownership to the project
owners. Stamp pay amount also varies for different project. The amount invested as stamp duty
for the construction project is $22,000.
Conveying fees: The conveying fee is a lawful activity that is applied while selling and
buying buildings or complete home. This specific act is subdivided into two parts like legal fees
and disbursement. The solicitor charge estimated for the construction project is required to be
paid to the third parties. The conveying fee of the project is estimated as $12,000.
Duplex project value: The net value estimated for Duplex building construction project
is $800,000 and it is identified that the outgoing and holding cost for the projects are respectively
$1154000 and $17600 for the project. In addition to thus, the gross monthly rental cost is
$50000.
2.2 Gantt chart
List of activities considered for construction project are as follows:
Land purchase
site selection
signing contract
Allocating budget and time
Resource allocation
Approval from local council
Procurement management plan

6PROJECT FEASIBILITY STUDY AND TIMELINE
communication management plan
micro and macro environment analysis
Construction phase
Blueprint design
Contract with raw material suppliers
Coarse design (damp proof)
Roofing and plastering
windows and doors framing
Plaster and paint
Final draft submission
stakeholder's signoff

7PROJECT FEASIBILITY STUDY AND TIMELINE
Figure 1: Schedule for the Duplex construction project
(Source: Created by author)
3. Macro environment business drivers
The micro environment for duplex building construction project deals with different
factors like economy, demographic, competitions, suppliers, public, marketing intermediates,
and workers details. The economic factors, competitive factors, resources and elaborated below:
3.1 Economic analysis
The construction industry of New South Wales (NSW), these days has become a very
competitive and challenging. The local council is also ready to spend a lot of capital fort the
successful completion of the construction projects. It is determined that, the new economic
support can adjust inventory fluctuations, unstable market situation as well. As soon as the
construction will be completed it will be provided in rent. It can be said that, with economic
support the driving forces will become easier to calculate.
3.2 Competitiveness
The competitive ambiance for the duplex building construction project is comprises of
some basic things that the project supervisor needs to take throughout the project development
life cycle period. The location that has been nominated for duplex building construction is 34
Hartford Avenue, Glen Alpine, New South Wales where the population is rapidly increasing.
Many local council are doing the similar job in Glen Alpine with almost same cost structure. The
timely and quality service is grabbing many clients throughout NSW. Therefore, it is

8PROJECT FEASIBILITY STUDY AND TIMELINE
responsibility of the project squad associates to intend the time and budget in such a way so that
it can meet preliminary objectives.
3.3 Resourcing
For accomplishment of the duplex construction project the project supervisor needs to
identify the resources at the initiation stage before planning. The material resources required for
the project include raw materials such as: cement, sand, stones, iron etc and the human resources
needed for the project are project manager, finance manager, architect, civil engineer,
contractors, sub contractors. The resource management plan must be designed based on the
construction level effectiveness and efficiency.
3.4 Demographic factors
The demographic factors considered for the project are age, gender monthly income of
the target clients etc. The people who are targeted as customers for the building construction
project are belong to the age group of between 25 and 40. For promoting or advertising the new
building plan various promotional activities are conducted by the supervisor. Not only this but
also but also, are proper business and marketing strategies also needed to be undertaken.
4. Micro environment of the business drivers
Success and sustenance of any project is shaped using different factors. Some of the
micro factors are beyond control whereas, some factors stay in grip. Micro environment deals
with different internal business factors such as time management, availability of technical
experts etc. The micro business environment should be established based on effective and
existing construction terms, regulations and policy of local council.

9PROJECT FEASIBILITY STUDY AND TIMELINE
4.1 Technical
Skill, knowledge and experience are much essential measures that all project supervisor
and project associates must possess. Before final implementation of the project civil instructor
and architect is required to develop and design a blueprint. The blueprint should be designed
using some effective technical platform or tools. In order to operate the techniques appropriately
technical experienced people are needed. The project manager needs to use different
performance measurement matrices before hiring experts for the project.
4.2 Time pressure
Time measurement and time management are much essential for project success.
Considering complexity of each project activity and other factors accurately the time
management plan should be planned. In order to reduce work pressure additional resources are
needed to be added to the project activities. The time estimated for the construction project is
only 9 month. Therefore, the assigned team associates should complete their assigned roles
within proper time without exceeding. On order to reduce the work level pressure the project is
differentiated in 3 phases such as
4.3 People related considerations
The duplex construction project is a large project which is expected to be completed in 9
months in the budget of $800,000. Therefore, the associates should play their assigned roles for
making the project a successful one. People who are experienced enough are needed to be hired
for the project and their roles and responsibilities are also required to be distributed according to
their expertise.

10PROJECT FEASIBILITY STUDY AND TIMELINE
Conclusion
From the completed discussion it can be concluded that, establishment of proper is much
essential for the project supervisors to design, develop, analyze and evaluate the project. A detail
feasibility analysis report including macro and micro business environment analysis are
represented in this paper. The feasibility report developed for the project identified that, the
growing population of the regional state in Glen Alpine, New South Wales has become more
than 10,000. The two attached (Duplex) residences constructed in minimum land allotted in 34
Hartford Avenue, Glen Alpine, New South Wales will be able to accommodate many citizens.
The land allotment size is prescribed by project supervisor. The details micro and macro
environment of the selected site is analyzed and elaborated in the project.

11PROJECT FEASIBILITY STUDY AND TIMELINE
References
Heldman, K. 2015. PMP project management professional exam deluxe study guide: updated for
the 2015 Exam. John Wiley and Sons.
Hornstein, H. A. 2015. The integration of project management and organizational change
management is now a necessity. International Journal of Project Management, 33(2), 291-298.
Joslin, R., and Müller, R. 2015. Relationships between a project management methodology and
project success in different project governance contexts. International Journal of Project
Management, 33(6), 1377-1392.
Kerzner, H. 2015. Project management 2.0: leveraging tools, distributed collaboration,
andmetrics for project success. John Wiley and Sons.
Kerzner, H., and Kerzner, H. R. 2017. Project management: a systems approach to planning,
scheduling, and controlling. John Wiley and Sons.
Kerzner, H., and Kerzner, H. R. 2017. Project management: a systems approach to planning,
scheduling, andcontrolling. John Wiley and Sons.
Marcelino-Sádaba, S., Pérez-Ezcurdia, A., Lazcano, A. M. E., and Villanueva, P. 2014. Project
risk management methodology for small firms. International Journal of Project
Management, 32(2), 327-340.
Ramazani, J., and Jergeas, G. 2015. Project managers andthe journey from good to great: The
benefits of investment in project management training andeducation. International Journal of
Project Management, 33(1), 41-52.

12PROJECT FEASIBILITY STUDY AND TIMELINE
Sharon, A., and Dori, D. 2017. Model‐Based Project‐Product Lifecycle Management andGantt
Chart Models: A Comparative Study. Systems Engineering.
Silvius, A. J., and Schipper, R. P. (2014). Sustainability in project management: A literature
review andimpact analysis. Social Business, 4(1), 63-96.
Stark, J. 2015. Product lifecycle management. In Product Lifecycle Management (pp. 1-29).
Springer International Publishing.