Strategic Project Management: Residential Duplex Project Analysis

This report provides a comprehensive analysis of the strategic project management for a residential duplex development. It begins with a feasibility study that examines land information, purchase details, local council regulations, construction costs, and duplex specifications, culminating in an equity value calculation of $69,072 and a net monthly rental income of $460. The project schedule is meticulously detailed using a Work Breakdown Structure (WBS) and presented in a Gantt chart created using MS-Project software, outlining tasks, durations, start and finish dates, predecessors, resources, and costs. The project follows an agile methodology, incorporating initiation, planning, design, implementation, monitoring, and closing phases. The report concludes by highlighting the importance of effective project management in construction, emphasizing the systematic implementation of each project phase to ensure successful outcomes.

Running head: STRATEGIC PROJECT MANAGEMENT
Strategic Project Management
Residential Duplex Development Project
Name of the Student:
Student ID:
Name of the University:
Author’s note:

1STRATEGIC PROJECT MANAGEMENT
Table of Contents
Introduction......................................................................................................................................2
1. Project Feasibility Study..............................................................................................................2
2. Project Schedule..........................................................................................................................5
Conclusion.......................................................................................................................................8
References........................................................................................................................................9

2STRATEGIC PROJECT MANAGEMENT
Introduction
The construction project management is developed for forming the effective analysis of
the tools and techniques of project management for developing the project of Residential Duplex
Development Project. According to Fleming and Koppelman (2016), the development of the
project operations would be helpful for forming the effective development of the project
operations for forming the effective and improved processing of the organization.
The following assignment would help in analysing the Project Feasibility Study for the
project 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 the
effective deployment of the project. The second part of the assignment would involve the
development of the project schedule using tables and diagram in Ms-Project Software.
1. Project Feasibility Study
The project feasibility study is the analysis of the monetary values of the project and
development of the effective costing analysis for the construction product (Larson and Gray
2013). The feasibility study of the “Residential Duplex Development Project” would be done
for considering the development of the effective and smart processing of cost estimation. As
mentioned 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 land
information, purchase information, local council information, construction information, duplex
information, and cash value of project results (Schwalbe 2015). The following table would show
the feasibility analysis of the project of “Residential Duplex Development Project”,

3STRATEGIC PROJECT MANAGEMENT
Name of the Document: Project Feasibility Study
Name of the Project: Residential Duplex Development Project
1. Land Information 2. Purchase Information
Land Address: 44-46 Harvey
Street
Land Price: $37650.00
Suburb/Town: Strahan Tas 7468 Stamp Duty: $1885.00
Land Size: 1200 sq meters Conveyance fees: $465.00
3. Local Council Information 4. Construction Information
Local Council Name: West Coast
Council
Builder Name: John Kate
Minimum Land Allotment
Size:
1000 sq meters Duplex Construction
Costs:
$39,600.00
Development Planning Fees: $772.00
Monthly Council Fees: $200.00
5. Duplex Information
Duplex estimated value: $115,000.00
Monthly Rental Income $750.00
Monthly Agent fees: $115.00
Monthly Landlord
Insurance:
$175.00
Project Results
Equity Value= Duplex value ($115,000.00) {Less} Total Outgoings
($80752.00)
Equity Value= $69072.00
Net Monthly Rental Income= Gross Monthly Rent ($750.00) {Less} Holding Costs
($290.00)
Net Monthly Rental Income= $460.00
Table 1: Project Feasibility Study

4STRATEGIC PROJECT MANAGEMENT
Land tax rates and Duty payable for property in Tasmania
Total Land Value Current Tax Scale
$0 – $24 999 Nil
$25 000 - $349 999 $50 plus 0.55% of value above $25 000
$350 000 and above $1 837.50 plus 1.5% of value above $350 000
Table 2: Land tax rates in Tasmania
(Source: Sro.tas.gov.au. 2017)
Value of the property (including
chattels)
Duty payable
Not more than $3 000 $50
More than $3 000 but not more
than $25 000
$50 plus $1.75 for every $100, or part, by which the dutiable
value exceeds $3 000
More than $25 000 but not more
than $75 000
$435 plus $2.25 for every $100, or part, by which the
dutiable value exceeds $25 000
More than $75 000 but not more
than $200 000
$1,560 plus $3.50 for every $100, or part, by which the
dutiable value exceeds $75 000
More than $200 000 but not more
than $375 000
$5,935 plus $4.00 for every $100, or part, by which the
dutiable value exceeds $200 000
More than $375 000 but not more
than $725 000
$12,935 plus $4.25 for every $100, or part, by which the
dutiable value exceeds $375 000
More than $725 000 $27,810 plus $4.50 for every $100, or part, by which the
dutiable value exceeds $725 000
Table 3: Duty payable for property in Tasmania

5STRATEGIC PROJECT MANAGEMENT
(Source: Sro.tas.gov.au. 2017)

6STRATEGIC PROJECT MANAGEMENT
2. Project Schedule
WBS Task Name Duration Start Finish Predecessors Resource Names Cost
0 Residential Duplex Development Project 182 days Mon 10/2/17 Tue 6/12/18 $79,600.00
1 Project Initiation 8 days Mon 10/2/17 Wed
10/11/17 $692.00
1.1 Project Charter Documentation 4 days Mon 10/2/17 Thu 10/5/17 Documenter $320.00
1.2 PID development 3 days Fri 10/6/17 Tue 10/10/17 2 Documenter $240.00
1.3 Submission of the documents 0.5 days Wed 10/11/17 Wed 10/11/17 3 Documenter $40.00
1.4 Documents are signed 0.5 days Wed 10/11/17 Wed 10/11/17 4 Project Manager $92.00
2 Project Planning 9 days Fri 10/6/17 Wed
10/18/17 $772.00
2.1 Development of Plan outline 2.5 days Fri 10/6/17 Tue 10/10/17 2 Planner $200.00
2.2 Reviewing the outline developed 0.5 days Tue 10/10/17 Tue 10/10/17 7 Planner $40.00
2.3 Making the complete plan 5.5 days Wed 10/11/17 Wed 10/18/17 8 Planner $440.00
2.4 Plan Approval 0.5 days Wed 10/18/17 Wed 10/18/17 9,5 Project Manager $92.00
3 Duplex Building Construction 158 days Thu 10/19/17 Mon 5/28/18 $77,408.00
3.1 Duplex Designing 13 days Thu 10/19/17 Mon 11/6/17 $1,792.00
3.1.1 Selecting Design Platform 1.5 days Thu 10/19/17 Fri 10/20/17 10 Architect $204.00
3.1.2 Making Outline of the design 3.5 days Fri 10/20/17 Wed 10/25/17 13 Architect $476.00
3.1.3 Reviewing the design 1.5 days Thu 10/26/17 Fri 10/27/17 14 Architect $204.00
3.1.4 Making complete design 6 days Fri 10/27/17 Mon 11/6/17 15 Architect $816.00
3.1.5 Design approval 0.5 days Mon 11/6/17 Mon 11/6/17 16 Project Manager $92.00
3.2 Site Development 14 days Thu 10/19/17 Tue 11/7/17 $42,091.00
3.2.1 Selection of site 1 day Thu 10/19/17 Thu 10/19/17 10 Civil engineer, Land[1] $40,136.00
3.2.2 Leveling of the site 5 days Fri 10/20/17 Thu 10/26/17 19 Civil engineer, Concrete[1] $780.00
3.2.3 Ground works development 7 days Fri 10/27/17 Mon 11/6/17 20 Civil engineer, Sand[1] $1,039.00
3.2.4 Site Inspection 1 day Tue 11/7/17 Tue 11/7/17 21 Civil engineer $136.00
3.3 Infrastructure Development 129 days Wed 11/8/17 Mon 5/7/18 $28,385.00
3.3.1 Constructing Level 1 36 days Wed 11/8/17 Wed
12/27/17 $8,326.00
3.3.1.
1 Constructing Pillars 9 days Wed 11/8/17 Mon 11/20/17 17,22 Workers, Civil engineer, Iron Pillars[1] $2,044.00
3.3.1.
2 Constructing Ground 6 days Tue 11/21/17 Tue 11/28/17 25 Workers, Civil engineer, Concrete[1] $1,396.00
3.3.1.
3 Construction of Walls 7 days Wed 11/29/17 Thu 12/7/17 26 Workers, Civil engineer, Bricks[1] $1,602.00
3.3.1.
4 Construction of Roofs 6 days Fri 12/8/17 Fri 12/15/17 27 Workers, Civil engineer, Concrete[1] $1,396.00

7STRATEGIC PROJECT MANAGEMENT
3.3.1.
5 Construction of Sewer System 8 days Mon 12/18/17 Wed 12/27/17 28 Workers, Civil engineer, Sewer Tools[1] $1,888.00
3.3.2 Constructing Level 2 36 days Thu 12/28/17 Thu 2/15/18 $8,326.00
3.3.2.
1 Constructing Pillars 9 days Thu 12/28/17 Tue 1/9/18 29 Workers, Civil engineer, Iron Pillars[1] $2,044.00
3.3.2.
2 Constructing Ground 6 days Wed 1/10/18 Wed 1/17/18 31 Workers, Civil engineer, Concrete[1] $1,396.00
3.3.2.
3 Construction of Walls 7 days Thu 1/18/18 Fri 1/26/18 32 Workers, Civil engineer, Bricks[1] $1,602.00
3.3.2.
4 Construction of Roofs 6 days Mon 1/29/18 Mon 2/5/18 33 Workers, Civil engineer, Concrete[1] $1,396.00
3.3.2.
5 Construction of Sewer System 8 days Tue 2/6/18 Thu 2/15/18 34 Workers, Civil engineer, Sewer Tools[1] $1,888.00
3.3.3 Flat Structure Development 51 days Mon 2/26/18 Mon 5/7/18 $11,733.00
3.3.3.
1 Partition Construction 12 days Mon 2/26/18 Tue 3/13/18 43 Architect, Workers, Bricks[1] $2,682.00
3.3.3.
2 Construction of Windows and Doors 10 days Wed 3/14/18 Tue 3/27/18 37 Architect, Workers, Cement[1] $2,237.00
3.3.3.
3 Interior Development 15 days Wed 3/28/18 Tue 4/17/18 38 Architect, Workers, Equipments[1] $3,420.00
3.3.3.
4 Lights and Electricity Lining 8 days Wed 4/18/18 Fri 4/27/18 39 Architect, Workers, Electrical Components[1] $1,928.00
3.3.3.
5 Basic Furniture and Fixtures 6 days Mon 4/30/18 Mon 5/7/18 40 Architect, Workers, Furniture and Fixtures[1] $1,466.00
3.4 Additional Construction 72 days Fri 2/16/18 Mon 5/28/18 $5,140.00
3.4.1 Stairs and Level Development 6 days Fri 2/16/18 Fri 2/23/18 35 Workers, Civil engineer, Bricks[1],Iron Pillars[1] $1,486.00
3.4.2 Terrace Development 7 days Tue 5/8/18 Wed 5/16/18 41 Workers, Architect, Concrete[1] $1,612.00
3.4.3 Outer Pavement and Ground works 5 days Thu 5/17/18 Wed 5/23/18 44 Workers, Civil engineer, Cement[1],Sand[1] $1,244.00
3.4.4 Fire and Safety Equipments are added 3 days Thu 5/24/18 Mon 5/28/18 45 Civil engineer, Workers, Fire and Safety
Equipments[1] $798.00
4 Building Approval and Documentation 11 days Tue 5/29/18 Tue 6/12/18 $728.00
4.1 Development of Final Reports 4.5 days Tue 5/29/18 Mon 6/4/18 46 Documenter $360.00
4.2 Reviewing the Final Reports 0.5 days Mon 6/4/18 Mon 6/4/18 48 Project Manager $92.00
4.3 Signing off the documents 0.5 days Tue 6/5/18 Tue 6/5/18 49 Project Manager $92.00
4.4 Submission of the final reports 1 day Tue 6/5/18 Wed 6/6/18 50 Project Manager $184.00
4.5 Building Inspection 2 days Wed 6/6/18 Fri 6/8/18 51 Government Officials $0.00
4.6 Fire and Safety Equipments and Checked 1 day Fri 6/8/18 Mon 6/11/18 52 Government Officials $0.00
4.7 Clearance from Australian Construction Boards 0.5 days Mon 6/11/18 Mon 6/11/18 53 Government Officials $0.00
4.8 Approval of the Building 1 day Tue 6/12/18 Tue 6/12/18 54 Government Officials $0.00
5 Project is Closed 0 days Tue 6/12/18 Tue 6/12/18 55 $0.00
Table 2: Details of the Project Schedule

8STRATEGIC PROJECT MANAGEMENT

9STRATEGIC PROJECT MANAGEMENT
The following diagram would show the Gantt chart of the project considering the use of the Ms-Project Software,
ID Task
Mode
WBS Task Name Duration Start Finish Predecessors Resource Names Cost
0 0 Residential Duplex
Development Project
182 days Mon 10/2/17 Tue 6/12/18 $79,600.00
1 1 Project Initiation 8 days Mon 10/2/17 Wed 10/11/17 $692.00
2 1.1 Project Charter Documentation 4 days Mon 10/2/17 Thu 10/5/17 Documeter $320.00
3 1.2 PID development 3 days Fri 10/6/17 Tue 10/10/17 2 Documeter $240.00
4 1.3 Submission of the documents 0.5 days Wed 10/11/17 Wed 10/11/17 3 Documeter $40.00
5 1.4 Documents are signed 0.5 days Wed 10/11/17 Wed 10/11/17 4 Project Manager $92.00
6 2 Project Planning 9 days Fri 10/6/17 Wed 10/18/17 $772.00
7 2.1 Development of Plan outline 2.5 days Fri 10/6/17 Tue 10/10/17 2 Planner $200.00
8 2.2 Reviewing the outline developed 0.5 days Tue 10/10/17 Tue 10/10/17 7 Planner $40.00
9 2.3 Making the complete plan 5.5 days Wed 10/11/17 Wed 10/18/17 8 Planner $440.00
10 2.4 Plan Approval 0.5 days Wed 10/18/17 Wed 10/18/17 9,5 Project Manager $92.00
11 3 Duplex Building Construction 158 days Thu 10/19/17 Mon 5/28/18 $77,408.00
12 3.1 Duplex Designing 13 days Thu 10/19/17 Mon 11/6/17 $1,792.00
13 3.1.1 Selecting Design Platform 1.5 days Thu 10/19/17 Fri 10/20/17 10 Architect $204.00
14 3.1.2 Making Outline of the design 3.5 days Fri 10/20/17 Wed 10/25/17 13 Architect $476.00
15 3.1.3 Reviewng the design 1.5 days Thu 10/26/17 Fri 10/27/17 14 Architect $204.00
16 3.1.4 Making complete design 6 days Fri 10/27/17 Mon 11/6/17 15 Architect $816.00
17 3.1.5 Design approval 0.5 days Mon 11/6/17 Mon 11/6/17 16 Project Manager $92.00
18 3.2 Site Development 14 days Thu 10/19/17 Tue 11/7/17 $42,091.00
19 3.2.1 Selection of site 1 day Thu 10/19/17 Thu 10/19/17 10 Civil engineer,Land[1] $40,136.00
20 3.2.2 Leveling of the site 5 days Fri 10/20/17 Thu 10/26/17 19 Civil engineer,Concrete[1] $780.00
21 3.2.3 Ground works development 7 days Fri 10/27/17 Mon 11/6/17 20 Civil engineer,Sand[1] $1,039.00
22 3.2.4 Site Inspection 1 day Tue 11/7/17 Tue 11/7/17 21 Civil engineer $136.00
23 3.3 Infrastructure Development 129 days Wed 11/8/17 Mon 5/7/18 $28,385.00
24 3.3.1 Constructing Level 1 36 days Wed 11/8/17 Wed 12/27/17 $8,326.00
25 3.3.1.1 Constructing Pillars 9 days Wed 11/8/17 Mon 11/20/17 17,22 Workers,Civil
engineer,Iron
Pillars[1]
$2,044.00
26 3.3.1.2 Constructing Ground 6 days Tue 11/21/17 Tue 11/28/17 25 Workers,Civil
engineer,Concrete[1]
$1,396.00
27 3.3.1.3 Construction of Walls 7 days Wed 11/29/17 Thu 12/7/17 26 Workers,Civil
engineer,Bricks[1]
$1,602.00
28 3.3.1.4 Construction of Roofs 6 days Fri 12/8/17 Fri 12/15/17 27 Workers,Civil
engineer,Concrete[1]
$1,396.00
29 3.3.1.5 Construction of Sewer
System
8 days Mon 12/18/17 Wed 12/27/17 28 Workers,Civil
engineer,Sewer
Tools[1]
$1,888.00
30 3.3.2 Constructing Level 2 36 days Thu 12/28/17 Thu 2/15/18 $8,326.00
31 3.3.2.1 Constructing Pillars 9 days Thu 12/28/17 Tue 1/9/18 29 Workers,Civil
engineer,Iron
Pillars[1]
$2,044.00
32 3.3.2.2 Constructing Ground 6 days Wed 1/10/18 Wed 1/17/18 31 Workers,Civil
engineer,Concrete[1]
$1,396.00
33 3.3.2.3 Construction of Walls 7 days Thu 1/18/18 Fri 1/26/18 32 Workers,Civil
engineer,Bricks[1]
$1,602.00
34 3.3.2.4 Construction of Roofs 6 days Mon 1/29/18 Mon 2/5/18 33 Workers,Civil
engineer,Concrete[1]
$1,396.00
35 3.3.2.5 Construction of Sewer
System
8 days Tue 2/6/18 Thu 2/15/18 34 Workers,Civil
engineer,Sewer
Tools[1]
$1,888.00
36 3.3.3 Flat Structure Development51 days Mon 2/26/18 Mon 5/7/18 $11,733.00
37 3.3.3.1 Partition Construction 12 days Mon 2/26/18 Tue 3/13/18 43 Architect,Workers,Bricks[1] $2,682.00
38 3.3.3.2 Construction of Windows
and Doors
10 days Wed 3/14/18 Tue 3/27/18 37 Architect,Workers,Cement[1] $2,237.00
39 3.3.3.3 Interior Development 15 days Wed 3/28/18 Tue 4/17/18 38 Architect,Workers,Equipments[1]$3,420.00
40 3.3.3.4 Lights and Electricty
Lining
8 days Wed 4/18/18 Fri 4/27/18 39 Architect,Workers,Electrical
Components[1]
$1,928.00
41 3.3.3.5 Basic Furniture and Fixtures6 days Mon 4/30/18 Mon 5/7/18 40 Architect,Workers,Furnitures and Fixtures[1]$1,466.00
42 3.4 Additional Construction 72 days Fri 2/16/18 Mon 5/28/18 $5,140.00
43 3.4.1 Stairs and Level
Development
6 days Fri 2/16/18 Fri 2/23/18 35 Workers,Civil
engineer,Bricks[1],Iron
Pillars[1]
$1,486.00
44 3.4.2 Terrace Development 7 days Tue 5/8/18 Wed 5/16/18 41 Workers,Architect,Concrete[1]$1,612.00
45 3.4.3 Outer Pavement and Ground
works
5 days Thu 5/17/18 Wed 5/23/18 44 Workers,Civil
engineer,Cement[1],Sand[1]
$1,244.00
46 3.4.4 Fire and Safety Equipments
are added
3 days Thu 5/24/18 Mon 5/28/18 45 Civil
engineer,Workers,Fire
and Safety
$798.00
47 4 Building Approval and Documentation11 days Tue 5/29/18 Tue 6/12/18 $728.00
48 4.1 Development of Final Reports 4.5 days Tue 5/29/18 Mon 6/4/18 46 Documeter $360.00
49 4.2 Reviewing the Final Reports 0.5 days Mon 6/4/18 Mon 6/4/18 48 Project Manager $92.00
50 4.3 Signing off the documents 0.5 days Tue 6/5/18 Tue 6/5/18 49 Project Manager $92.00
51 4.4 Submission of the final reports 1 day Tue 6/5/18 Wed 6/6/18 50 Project Manager $184.00
52 4.5 Building Inspection 2 days Wed 6/6/18 Fri 6/8/18 51 Government Officials $0.00
53 4.6 Fire and Safety Equiments and Checked1 day Fri 6/8/18 Mon 6/11/18 52 Government Officials $0.00
54 4.7 Clearance from Australian
Construction Boards
0.5 days Mon 6/11/18 Mon 6/11/18 53 Government
Officials
$0.00
55 4.8 Approval of the Building 1 day Tue 6/12/18 Tue 6/12/18 54 Government Officials $0.00
56 5 Project is Closed 0 days Tue 6/12/18 Tue 6/12/18 55 $0.00
Documeter
Documeter
Documeter
Project Manager
Planner
Planner
Planner
Project Manager
Architect
Architect
Architect
Architect
Project Manager
Civil engineer,Land[1]
Civil engineer,Concrete[1]
Civil engineer,Sand[1]
Civil engineer
Workers,Civil engineer,Iron Pillars[1]
Workers,Civil engineer,Concrete[1]
Workers,Civil engineer,Bricks[1]
Workers,Civil engineer,Concrete[1]
Workers,Civil engineer,Sewer Tools[1]
Workers,Civil engineer,Iron Pillars[1]
Workers,Civil engineer,Concrete[1]
Workers,Civil engineer,Bricks[1]
Workers,Civil engineer,Concrete[1]
Workers,Civil engineer,Sewer Tools[1]
Architect,Workers,Bricks[1]
Architect,Workers,Cement[1]
Architect,Workers,Equipments[1]
Architect,Workers,Electrical Components[1
Architect,Workers,Furnitures and Fixtures
Workers,Civil engineer,Bricks[1],Iron Pillars[1]
Workers,Architect,Concrete[1]
Workers,Civil engineer,Cement[1],Sand
Civil engineer,Workers,Fire and Safety
Documeter
Project Manager
Project Manager
Project Manager
Government Officials
Government Officials
Government Officials
Government Officials
6/12
Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4
2nd Half 1st Half 2nd Half
Figure 1: Gantt chart showing project schedule

10STRATEGIC PROJECT MANAGEMENT
The project “Residential Duplex Development Project” had included the development
of the project activities. The project had been developed by using the Agile Methodology of
Initiation, Planning, Designing, Implementing, Monitoring and Closing. The use of the agile
methodology had helped in developing the effective operations of the construction activities
(Kerzner 2013). The use of the resource division would be formed for developing the effective
transfer of the construction activities for sorting out the operations of the project. The project can
be developed for forming the accurate analysis of the project implementation and development.
Conclusion
It can be concluded from the assignment that the construction projects require the
effective use of the operation system. The improvement of the operations would be helpful for
forming the effective and smart processing of the organization. The project of “Residential
Duplex Development Project” had been developed for considering the effective methodology
of Agile Methodology. The development of the effective project management concepts would
involve the systematic implementation of the initiation phase, plan phase, design phase,
implement phase, monitoring phase, and closing phase. The project feasibility analysis had
shown that equity value of the project is equal to duplex value less total outgoings which sums to
$69072.00 value. The analysis had also shown that the net monthly rental income for the project
is gross monthly rent less holding costs which sums to $460.00 value.