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Evaluation on Scope Management and Financial Analysis for the Project Ivy Hall Transformer Replacement and Hvac Upgrades

In: Business and Management

Submitted By ythamil
Words 5316
Pages 22
Executive Summary

This document is prepared for the purpose of scope management and financial data analysis for investment decision making. URP consultant is hired by New Jersey department to do projects analysis. The project chosen is Project IHTRHU.

Collection of data, detailed analysis, findings and conclusion method has been conducted in providing comprehensive report. However, some data is limited and assumptions are made for sensivity analysis purpose.

There are three significant findings based on the scope management plan and financial analysis conducted. On the scope management plan, it has been found that the tracking and monitoring of performance report was lacking as expert advice was not consulted and project scope was not well defined. Findings revealed that among the three projects, Project IHTRHU is the best project due to highest positive NPV rates based on the financial analysis. The discussion analysis comprises IRR, discounted rate, hurdles rate, cash flow, inflation and interest rate for the sole purpose of investment returns.

As observed the scope management plan is overall good. Recommendation for improvement on report and tracking performance can be enhanced in avoiding delay and mitigate risk. Also, various financial methods has been used to determine quick cash flow returns. Calculation on NPV is the best recommendation provided based on the exclusive mutually project factor as well as financial analysis views concluded from scholars.

Contents
Executive Summary………………………………………………………………………… ………… i
1. Introduction 1
1.1 Project Background 1
2. Critical Analysis of Scope Management for Project 2
2.1 Scope Definition 2
2.2 Project Scope Management 4
3. Financial Analysis of Project 6
3.1 Factors that influence the choice of discount rate 9
3.2 The value of a discounted cash flow analysis...

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