Project Modelling and Decision Methods Essay Example | Topics and Well Written Essays - 1500 words

Project Modelling and Decision Methods - Essay Example The approach is primarily to evaluate property realistically of a specific location. In this exercise, we capture the trends in the past, make relevant assumptions of the future, address some challenges that can be foreseen and arrive at a conclusion. The simulation and the spread sheet model rationalize the decision and support the analysis to strengthen the reasoning behind potential investments and an assessment of the associated risks, if any. This paper applies structural methodology to estimating and forecasting the Central London office market. We assemble a time series covering for over a decade and estimate equations for net space absorption, movements in rents, and new building orders and other facilities along with new flourishing businesses. We also estimate a typical supply and demand relationship that yields a dynamically stable system. A spreadsheet model is an effective instrument for quantitative estimates based on a specific framework. The excel sheet embedded in this article is an illustrative version for capturing similar data for any property identified with required criteria in the prime location of Central London. While it a conscious decision not to engage in advanced computerization as it is not a pre-requisite, but ideally one of the outcomes of good asset management. The spreadsheet model suggested here is a methodological tool for understanding and improving the assessor's ability to consider all factors in Real Estate Project Modeling and deriving decisions accordingly which will also facilitate the process of financial planning and expectations. The logic of the framework and the attached spreadsheet model is fairly simple and follows the approach tested and used by Project owners. At the very outset, we should make quantified entry assumptions about parameters that define the total cost of office p roperty in Central Location. The model calculates the estimated cost and the anticipated returns. The key assumptions cover the following: Various costs per unit (such as land acquisition price per square feet, construction cost per square feet, costs of various furniture pieces, etc.) Space needed for Office Equipment and furniture required Costs of each component (Furniture, Total capital cost (land, building, equipment/furniture) For all the apparent simplicity of this framework, it still establishes a clear hierarchy of parameters: thus, the area of the location (i) Prevailing rate per square feet area and (ii) space utilization 3. Assess Investment The whole exercise is primarily to assess investment and every smart investment provides long-term capital appreciation and immediate, consistent rental yields however while modeling the project we need to have all the facts at our disposal. The prevailing rates of property based on the location chosen Establishment costs will always be significant, with stamp duty, legal and surveying fees and related costs

Unit 5 Individual Project Essay Example | Topics and Well Written Essays - 2000 words

Unit 5 Individual Project - Essay Example Hospitality sector is one such great opportunity existing within UAE markets which can offer a great opportunity to serve our ready to cook seafood products. Our strategy will be based on the value addition proposition which our products will offer besides offering other health benefits. To be the leading seafood products providers in the International market taking care of the nutritional value of our customers beside providing a less expensive, high quality and fresh sea food products to our customers through value addition. Tourism is considered as the main attraction of the UAE with annual shopping festivals of international stature besides offering a very cheap and more westernize environment to the visitors from Western countries. Our target market will be divided into two groups: First group of consumers will be foreign touring UAE. We aim to serve them with traditional fish products of UAE besides offering customized cooked seafood products which are more in demand in Western Countries thus providing them an experience of second home market as for as serving their taste buds are concerned. Hospitality sector: Both in Dubai and across the country, it is the hospitality sector that is the largest single consumer group of seafood products, with nearly every 5-star hotel hosting a seafood restaurant. Competition in the foodservice segment continues to heat-up, keeping pace with both population and tourism growth (in 2006, Dubais 371 hotels hosted a record 6.5Â  million guests). Gulf Seafood LLC is considered as one of the oldest and largest players in the UAE seafood industry. There is a growing trend within the whole Gulf market that the trends are shifting towards the more health conscious seafood products with many local as well international players are coming into the market to define their own niches. A closer analysis of the competition suggests that there is a need for the company having more experience in serving Western