Reference no: EM133094746

NBC3004 Construction Economics - Victoria University

Economic Feasibility Study - Assume that your team has been appointed as the construction economist for the project

Project: Development of a new Leisure & Community Centre

Introduction:
Your group has been appointed as Construction Economist by The Proprietary Very Limited Corporation (PVLC) to carry out development and feasibility analyses of the proposed Development of a new Leisure 8c Community Centre, and to provide a commercial justification to PVLC for the development of this property.

The Client owns the land (approx. 120 m long by 90m width of 10,800 sqm) with an approved budget of $18 million only for the Centre.
As the Construction Economist Team of the project, you are requested to submit a Financial Feasibility Study for this development.
Each team must develop a feasibility plan to manage the activities required to deliver the centre.
This Project will be executed in three stages:
Stage 1: Develop Project Proposal or Scope.
Stage 2: Conduct Economic Assessment.
Stage 3: Prepare Final Report and Presentation to the Client.

Stage 1: Requirements:

The tasks include:

1. Developing a scope of this project.

2. Developing a Stakeholder register for this project.

3. Developing a Project Budget & Potential Income & Expenditure Estimates for the delivery of the centre and ensuring that the owner can provide the funds and are committed to funding the project.

4. Develop procedures and documentation for obtaining planning permits and approvals from the relevant authorities.

5. Develop a Project Plan or Schedule (Using MS Project or MS Excel) by identifying the major tasks around 10 to 1s activities from inception to completion and handover of this development.

6. Develop a risk register at the project level.

Attachment:- Project_Stage_Brief.rar