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PROJECT FEASIBILITY STUDY OF RESIDENTIAL DUPLEX DEVELOPMENT
Table of Contents
Introduction    3
The project proposal    3
Budget for the project    4
Sales projections    5
Project execution    6
Site location analysis    7
Project timeline    8
Structure of fees    9
Conclusion    10
Reference List    11
Introduction
The project feasibility study mainly refers to an analysis which included with all the significant factors of any project such as economical, legal, financial and technical factors. On the other hand, project feasibility study helps to assess the possibility for the project completion based on the schedule consideration of the particular project. This study generally evaluated a project feasibility study for development of a residential duplex within the region of UK. An organization called “Duplex real estate” was highlighted to conduct the entire feasibility study. Moreover, the study also emphasis on the analysis of competitive market along with the financial plans in the context of measuring the possibility for residential duplex development project of “Duplex real estate”. Therefore, it can be understood that the study aims to conduct a feasibility study in respect of the project, “Residential Duplex Development” of “Duplex real estate”.
The project proposal
Time Constraint
Time construction generally means the start and end date or time of a project along with limitations for each schedule. Moreover, the time constraints helps to understand the time for each and every activity of an entire project work along with analyzing its start and end time (Alam et al. 2017, p.997). However, the time constraints for “Residential Duplex Development” of “Duplex real estate” will be nine months.
Budget constraint
Budget constraints stands for the entire cost of a project in the context of its completion. On the other hand, the budget constraint also helps in analyzing the each cost for each activity or schedule under the parent project (Ani, 2016, p.51). The entire budget constraints for the development project of “Duplex real estate” will be $800, 000.
Construction Company
The construction organization named “Duplex real estate” is a real estate development company which generally deals with the real estate development business. In the present context, the orgaisation is focused on the improvement of residential duplex within UK region with the project price and time of $800, 000 and nine months respectively. The core aim of the project is to develop the residential construction projects to make their style as duplex in the context of financial saving.
The project
The parent project of the organization is to develop the real estate based on the construction of residential duplex within the UK region. Moreover, it also has been found that the project is generally based on the small residential development in the regional centre of Northern Ireland. However, the vision and mission of the project mainly based upon the providing of proper location for living a comfortable life to the Northern Ireland population. Moreover, the construction project will be start based on some phased characteristics which are mentioned in the below point.
Construction based on phased characteristics
· A regional centre of North Ireland which included with the growing population of not more than ten thousand residents.
· A block of land which is prescribed by the local council of North Ireland at the selling price of $ 2500,000 which is large enough in the context of constructing a residential duplex.
· A sound builder named “Lagan Homes” will be assigned with the price of $ 35, 000 for constructing the residential duplex in the particular block of land.
Budget for the project
The budget of the entire project of “Duplex real estate” can be break into some significant aspects which helps to gain idea about the each cost for expenditures
    Aspects
    Budget
    Land Cost
    $ 20,000
    Legal approval cost
    $ 1,000
    Construction cost
    $ 35, 000
    Advertising cost
    $ 12, 000
    Network building cost
    $ 4,000
    Designing cost
    $ 8,000
    TOTAL
    $ 800, 000
Table 1: Project budget cost
(Source: Self created)
Sales projections
Sales project mainly stands for the sales forecast of an organization in the context of future selling. It mainly helps to understand the determination of future growth, profits or staffing along with expenses and external factors outlook (Asdrubali et al. 2015, p.102). In the context of residential duplex development of the “Duplex real estate” the sales project will be based on the “Time series projection”. The time series projection generally helps the organization to understand about the possibility of future sales based on past sales ration of residential duplex. The past sales of residential duplex can be broken into four significant aspects such as
· Falling and raising ratio
· Influences of economical factors
· Market condition of the project
· Changes within design
However, the sales projection for residential duplex development is be like
    SALES PROJECTION
    Falling and...