Sample Project Plan

Project Title: Project Monopoly

Project Objective: Develop a mixed-use commercial and residential property on an existing lot owned by the project sponsor.

Project Description: The project sponsor currently owns a lot with an existing home on a quarter piece of a 0.5 acre lot near downtown Fort Myers. The home will need to be either moved or demolished to make way for the development of a mixed-use commercial and residential property. The objective is to maximize the use of the lot and create a profitable investment opportunity.

Project Scope:

• Complete a proforma analysis to determine the financial viability of the project
• Conduct research and identify potential vendors and project team members, including a land surveyor, architect, general contractor, real estate lawyer, finance/lender, supplier, etc.
• Develop detailed design plans and obtain necessary permits and approvals
• Manage the construction process to ensure completion within budget and on      schedule
• Market and lease the commercial and residential spaces

Project Deliverables:

• Completed proforma analysis
• Vendor and project team member selections
• Detailed design plans
• Necessary permits and approvals obtained
• Completed construction on schedule and within budget
• Fully leased commercial and residential spaces

Project Timeline: 24 months

Project Budget: $1,000,000

Project Manager: [Project Sponsor]

Project Team: TBD [List of team members and their roles]

Project Risks:

• Delays in obtaining necessary permits and approvals
• Construction delays or cost overruns
• Difficulty in marketing and leasing the commercial and residential spaces
• Changes in market conditions or economic factors affecting the project's profitability

Project Assumptions:

• Availability of financing for the project
• No major unexpected issues arising during the construction process
• No major changes to zoning or regulatory requirements during the project timeline

Project Constraints:

• Availability of project team members and vendors
• Adherence to all zoning and regulatory requirements
• Availability of materials and resources needed for construction
• Budget limitations

Schedule:

1. Land survey - 2 weeks (May 15 - May 28)
2. Architect selection and initial consultation - 2 weeks (May 29 - June 11)
3. Proforma completion - 4 weeks (June 12 - July 9)
4. Real estate lawyer selection and initial consultation - 1 week (July 10 - July      16)
5. Lender selection and financing arrangements - 6 weeks (July 17 - August 27)
6. General contractor selection and initial consultation - 2 weeks (August 28 - September      10)
7. Site preparation and foundation work - 8 weeks (September 11 - November 5)
8. Framing, roofing, and exterior work - 12 weeks (November 6 - January 28, 2024)
9. Interior work, mechanical and electrical installation - 12 weeks (January 29, 2024      - April 22, 2024)
10. Final inspections and finishing touches - 4 weeks (April 23, 2024 - May 20,      2024)
11. Grand opening and marketing launch - 4 weeks (May 21, 2024 - June 17, 2024)