Strategic Project Management: Feasibility and Timeline Report

This report presents a strategic project management analysis for a residential duplex construction project located at La Trobe St & Swanston Street, Melbourne, VIC, 3000. The report focuses on the feasibility of the project, including financial aspects such as stamp duty, conveyancing fees, and monthly income projections. It outlines the project's constraints, including scope, time, and budget, while also defining its goals. The report further examines the macro and micro environmental factors influencing the project, such as economic conditions, demographics, and competitive landscape. The project's feasibility is assessed based on land information, construction costs, and projected duplex value, concluding with a discussion on the project's overall viability and timeline for completion within 8 months, with a budget of $800,000.

Running head: STRATEGIC PROJECT MANAGEMENT
STRATEGIC PROJECT MANAGEMENT
Name of the Student
Name of the University
Author Note:

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

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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.

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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

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agent makes use of fee which is achieved by giving a proper resource along with requirements of
the project on daily basis.
Insurance of landlord on monthly basis: It can be stated as one of the insurance policy
to property owner. It can help in overcoming financial loss which can take place as a result of
number of reason inclusive of rental properties.
Equity value: Both the parameters that is equity value and enterprise value are required
for evaluation of profit from the point of view of sales (Kaiser, El Arbi and Ahlemann 2015). It
is mainly utilized for providing valuation and is very much helpful in providing different kind of
views.
It can be analyzed that the feasibility study which is undertaken for construction of
residential duplex is needed for having a proper analysis regarding the feasibility of the project
(Carnall, 2018). A proper detail analysis is needed for understanding the project which is given
table:
Project Feasibility Study
1. Land Information
2. Purchase
Information
Land Address:
La Trobe St &
Swanston Street,
Melbourne VIC,
3000 Land Price: 200,000
Suburb/Town: North Melborne Stamp Duty: $15,000
Land Size: 14,000 square feet Conveyancing Fees: $9,000

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3. Local Council
Information
4. Construction
Information
Local Council Name:
Melbourn Regional
Council Builder Name:
Vaughan
construction
Minimum Land
Allotment Size: 10,000 square feet
Duplex
Construction Costs: $350,000
Development Planning
Fees: $100,000
Monthly Council Rates: $10,000
5. Duplex Information
Duplex Estimated Value: $800,000
Monthly Rental Income: $80,000
Monthly Agent Fees: $4,000
Monthly Landlord
Insurance: $5,000
6. Project Results
Equity Value =$100,000
Duplex Value of
$800000
le
ss
Total Outgoings of
$774000 equals $26000
Net Monthly Rental
Income = 70,000
Gross Monthly Rent
of $80000
le
ss
Holding Costs of
$19000 equals $61000

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Constraints and Goals
Constraints
The constraints of the given project are provided below:
Scope: It is known to be a vital factor which aims in analyzing the scope in proper way
so that all the objectives along with the goals of the given project are met on time (Hornstein
2015). If the given project is not progressing, then the manager will not achieve any kind of
goals and objectives of the given project.
Time: It is the total responsibility of the project manager complete the project within the
interval of 10 months (Svejvig and Andersen 2015). Extension in project timeframe is helpful for
improving the problems in the project.
Budget: It is mainly the responsibility or duty of project manager to finish the given
project within the given project which needs to be approved (Marchewka 2014). If the resources
of the project are not efficiently managed, then the overall budget of the project is affected. The
whole thing will result in creating problem for project manager.
Goals
The ultimate notion of the given project is to build a project feasibility along with
timeline which is needed for construction of residential duplex at La Trobe St & Swanston
Street, Melbourne VIC, 3000 (Schwalbe 2015). It has been analyzed that both the parameter that
is feasibility along with time is needed for successful completing of project.
Macro Environment Business Drivers
Macro environment is needed for collection of large number of factors like technological,
social and economic factor which result in creation of impact on the business which are beyond

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the control of the organization (Marcelino-Sádaba et al. 2014). The given situation is applicable
to business which is needed for analyzing different aspects the various term which is needed for
driving any business. It has been analyzed the residential duplex will be mainly constructed for
rental purpose only. The factors related to macro environment is needed for driving its overall
business which are described in below:
Economic factor: It helps in driving the overall spending along with purchasing power.
The whole money can be used for receiving duplex residential building in the given form of rent
(Marcelino-Sádaba, González-Jaen and Pérez-Ezcurdia 2015). It is manly compared with the
investment which is done on construction. The result is helpful in reflection of economic factors
which helps in driving the business in much positive way.
Resourcing: It can be assumed proper resourcing of the project is known to be a vital
factor which helps in assuming a driving force for the business of any organization (Walker
2015). It has been assumed that appropriate resources selection helps in providing excellent
opportunities to the business and its credibility. Apart from this, it emphasizes on the level of
interaction as well as power of targeting the audience.
Demographic: It comes up with certain number of factors which are mainly associated
with the people which are found in micro environment business drivers. Apart from this it can
affect the business in positive way (Kaiser, El Arbi and Ahlemann 2015). It can be analyzed
demographic factors will be helpful in providing certain number of opportunities to the various
business. Many areas come up with various demographic which needs to be identified which
results from residential duplex which will be affected by the help of forces.

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Competitive: The population of Melbourne is very high and so the overall encountered
competition in residential duplex will be very much (Svejvig and Andersen 2015). The fact
should be consideration that different service providers comes up with opportunities to the client
which gets attached to major number of clients so that they can attract and business can easily
compete with other kind of available competitors in the market. `
Micro Environment Business Drivers
It is mainly inclusive of various kind of factor which helps in providing decision making
processor along with performance of business and Business strategies (Carnall, 2018). Micro
environment analysis can be easily conducted which is helpful in decision making which are
related to business along with number of strategies. Analysis of micro-environment can be
conducted by the help of business factors which will affect the whole business.
Pressure related to Time: Management of time in an important parameter which help in
improving the business in much better way (Hornstein 2015). If the given staff are associated
with certain number of projects, then it would not be able to work and there are high chances for
issues.
Other people: Customers in any business can be stated as central and important factor in
business which are helpful in revenue generation. The important factor for business is all about
residential duplex project which comes with proper market strategies (Heldman 2018). So it can
be easily assumed that business at residential duplex is looking for proper kind of market
strategies.
Expert in technical domain: Expert in technical domain comes up with skills which can
be used by business for gaining profit. If some technical experts are associated with an

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organization, then it can be helpful in managing the business in better way. It is seen that the
business can accomplish desired goals in more convenient way.
Intermediaries Marketing: It can be stated as number of factors which are mainly
attached with drivers of micro environment. It plays a key role in accomplishing certain number
of strategies along with process of the business (Schwalbe 2015). It is an important tool which is
used by business for getting profit from the business.
Suppliers: Suppliers in many cases is seen as one of the important factors which helps in
driving business in much effective way (Kerzner 2017). It helps in linking the business in much
appropriate thing in much efficient way. It is very much helpful in providing certain number of
resources which are associated with duplex construction.
Conclusion
From the above discussion it can be easily concluded that this report is all about
development of feasibility and timeline for construction project in Melbourne. The residential
duplex construction will be complete in 8,00,000 amount and within 10 months. Apart from this,
the paper emphasizes on micro along with macro analysis which helps in completing the project
in much successful way.

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References
Carnall, C., 2018. Managing change. Routledge.
Heldman, K., 2018. PMP: project management professional exam study guide. John Wiley &
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), pp.291-
298.
Kaiser, M.G., El Arbi, F. and Ahlemann, F., 2015. Successful project portfolio management
beyond project selection techniques: Understanding the role of structural
alignment. International Journal of Project Management, 33(1), pp.126-139.
Kerzner, H. and Kerzner, H.R., 2017. Project management: a systems approach to planning,
scheduling, and controlling. John Wiley & Sons.
Kerzner, H., 2017. Project management metrics, KPIs, and dashboards: a guide to measuring
and monitoring project performance. John Wiley & Sons.
Kerzner, H., 2018. Project management best practices: Achieving global excellence. John Wiley
& Sons.
Marcelino-Sádaba, S., González-Jaen, L.F. and Pérez-Ezcurdia, A., 2015. Using project
management as a way to sustainability. From a comprehensive review to a framework
definition. Journal of cleaner production, 99, pp.1-16.

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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), pp.327-340.
Marchewka, J.T., 2014. Information technology project management. John Wiley & Sons.
Mir, F.A. and Pinnington, A.H., 2014. Exploring the value of project management: linking
project management performance and project success. International journal of project
management, 32(2), pp.202-217.
Schwalbe, K., 2015. Information technology project management. Cengage Learning.
Svejvig, P. and Andersen, P., 2015. Rethinking project management: A structured literature
review with a critical look at the brave new world. International Journal of Project
Management, 33(2), pp.278-290.
Too, E.G. and Weaver, P., 2014. The management of project management: A conceptual
framework for project governance. International Journal of Project Management, 32(8),
pp.1382-1394.
Walker, A., 2015. Project management in construction. John Wiley & Sons.