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A client owns four lots of land and is desirous of constructing a six-apartment building, each consisting of two-bedrooms and two-bathrooms. The client has a budget of TTD 4.5 million and wants the project completed within 18 months. The client wants to ensure that he does not exceed his budget as he does not want to invest all his cash into the development.

Assignment: You have been employed as Project Manager by the developer (the Client). Before he starts the project, he requires a report to be completed so that he is aware of his risks and the financial viability of his investment. The report must clearly state any assumptions made and the reasons for decisions. Each project chosen is currently in 'Stage 1 - Identification' and students are expected to apply project estimating and cost management principles to successfully take the project to 'Stage 5 - Closeout'. For the option chosen you are expected to present the following deliverables to the Client: 1. Produce a Class 5 Cost Estimate using costs from a previous project. Students must clearly show the adjustments made to the costs to make it applicable to the current project. All assumptions made must be clearly listed. 2. Make a work breakdown structure for your project. 3. From your work breakdown structure, produce a cost breakdown structure. 4. Produce a cashflow statement for the duration of the project. The cashflow should be supported by graphs. 5. Discuss what project management principles you would incorporate to ensure its success.

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