View
36
Download
4
Category
Tags:
Preview:
Citation preview
Michael ThomasSindhuri Vemula
Mohammaderfan ZandiehMassinissa Mekerri
Irma Luque
North East Plaza
Agenda
Objective Scope Amenities Organizational Structure Layout Plan Work Breakdown Structure Work Scheduling Gantt Chart Cost Estimation Cost Benefit Analysis Return on Investment Risk Management Marketing References Summary
Objective
We are assigned to oversee and manage the construction of an Outlet Mall in Eastchester, NY.
It consists mainly of outlet stores and a food court.
The outlet mall comes with lavish parking surrounding it.
ScopeSpecifications for Mall:
135,000 square feet Budget:
Land, Excavation, and Landscaping: $26,000,000 Infrastructure: 48,250,000
Time Required 364 days Capacity:
62 stores8 food unitsATM, restrooms, office space
Specs for Parking Lot: 150,000 square feet 1200 spaces Budget: $29,000,000
Total Cost for Mall, Land, and Parking Lot: $103,250,000
Advantages and Disadvantages The mall’s location is in the center of four populated towns in New York, which means a lot of customers will be visiting the mall.
Mall Location
White plains
Yonkers
Mt Vernon
New Rochelle
Since it is a populated area, there is a lot of competition as well as local businesses.
Main Disadvantage
Yonkers White PlainsNew
RochelleMount Vernon
Agree 136,856 39,850 60,000 35,000Disagree 40,000 15,000 12,000 20,000
Have no idea 23,144 5,150 8,000 15,000
Total population 200,000 60,000 80,000 70,000
Yonkers White Plains
New Rochelle
Mount Vernon
0
50000
100000
150000
200000
250000
Series1
Agree
Disagree
Have no idea
Total population
Survey
"Populated area with a lot of middle class families” & “Easy transportation to the mall with metro north”. We can guarantee the customer resource.
Main Focus
AmenitiesFood Court
Restrooms
Management Office
Video Wall
Atm
Parking Lot
Organizational Chart
Keith HanksProject Manager
Daniel JonsonFinancial Analyst
Christian Baczynski
Financial Engineer
Gerard PatelRelations Manager
Giselle Martinez
Construction Manager
Liza RobertsCivil Engineer
Layout
Mall Map
Parking Lot Layout
Work Breakdown StructureConstruction
Pre Phase
Designing
Mall Design
Approve Plan
Recommendation
Planning and Permission
Look for construction
company
Select Company
Permission to buy
Permission to build
Interviews
Hire Employees
Construction Phase
External Construction
Buy Materials
Demolition
Internal Construction
Excavation
Steel Erection
Walls, ceiling and windows
Services
Plumbing
Electrical wiring
Finishing
Painting
Parking lot
Cleaning & Accessibility
Schedule & Estimated Time
15% Contingency
COST DISTRIBUTIONLand
Internal Construction
External Construction
Materials Used
Labor
Maintenance
Plan
COST BENEFIT REPRESENTATIONBenefits Year 1 Year 2 Year 3 Year 4
Advertisements
$ 1,500,000 $ 1,750,000 $ 2,000,000 $ 2,250,000
Lease $ 45,000,000
$ 52,000,000
$ 58,500,000
$ 64,250,000
Food $ 2,000,000 $ 2,150,000 $ 2,250,000 $ 2,680,000
Parking
Total Benefits $ 48,500,000
$ 55,900,000
$ 62,750,000
$ 69,180,000
REPRESENTATION
Year 0 Year 1 Year 2 Year 3 Year 40
20,000,000
40,000,000
60,000,000
80,000,000
100,000,000
120,000,000
Total Cost(in $)Benefits(in $)
COST BENEFIT ANALYSISProcess for calculating and comparing costs and
benefits of a project. Has two purposes:
To determine if it is sound investment.
It involves comparing the total expected cost against the total expected benefits.
Total Cost: $103,250,000
Total Benefits: Year 1: $ 48,500,000
Year 2: $ 55,900,000
Year 3: $ 62,750,000
Year 4: $ 69,180,000
RETURN ON INVESTMENT
The formula is given by:
It is a very simple and popular method.
If the investment does not have a positive ROI then the investment should not be undertaken.
RETURN ON INVESTMENT
Total Investment: $ 103,250,000
Gain from Investment: $ 137,330,000
(for four years)
137,330,000 – 103,250,000
ROI =
103,250,000
ROI = 33%
Type Risk Plan
Environmental Weather changes
Add contingency days
Legal People not licensed using dangerous machinery
Hire certified people and make the rest sign a document for safety
Financial Increased in the estimated cost(building material, more days than expected)
Make sure there is an escalation clause in the contractor’s agreement
Risk Management
Marketing• Flyers around the city.
• Local radio and magazines.
• Rent human billboards in target cities (Yonkers, White Plains, New Rochelle, Mount Vernon)
• Sponsor the charity for children’s hospital in Yonkers.(85% of American say they have a more positive image of a product or company when it supports a cause they care about)
• We get our Logo and AD message printed at the train station.
• Advertise on the side of the trucks.
• We post a QR code AD linked to our website in a high traffic area.
References• www.en.wikipedia.org
• www.bizjournals.com
• www.slideshare.net
• www.google.com
QUESTIONS?
Recommended