Description
The documentation about the Mutiplex Project Master Plan.
PROJECT MANAGEMENT
Multiplex in Manipal
Project Master Plan
Introduction:
Being one of the core elements of entertainment, basic cinema viewing facility is conspicuously absent in Manipal and neighboring towns of Udupi and Karkala. Multiplexes offer a perfect natural ambience to the mass after the long hectic work schedule. This is the kind of satisfaction that made multiplex cinemas in urban India an ideal choice to spend some quality time. This is one of the major facts why cinema malls in most upscale townships are drawing so well. There are over 15000 floating students in Manipal pursuing their graduation or post graduation from more than 30 colleges located in Manipal. It has more than 25000 urban and semi-urban households. Udupi district also constitutes a vast target segment with population over 10 lacs. However, there is no multiplex in Udupi district.
Overview:
Brief Description: Multiplex is becoming part of urban life for entertainment; it gives an opportunity to establish a multiplex to take first mover advantage. We plan to construct a multiplex cinema hall with three large screens in Manipal. In addition to screening movies, visitors to the multiplex will be further captivated with some sort of restaurant or dining facilities. Deliverables: The deliverables for the projects include: 1. Construction of three screens with the seating capacity of 250 persons each. 2. Parking space for 100 vehicles. 3. A food court serving multiple cuisines. 4. A gaming arcade. Major Milestone: 1. Site Selection 2. Layout Planning & Design and Engineering 3. Completion of Site Preparation and Masonry Work
4. Installation of Utilities & Facilities Expected Profitability: The benefits that we are anticipating from this project include adequate revenue over operational cost and faster growth rate being first of its kind in the region. Cost of the entire project will mainly be consisting of building infrastructure; screening rights cost, administrative expenses and some other general expenses. We expect to break even in 3-4 years with 30-35% occupancy. The operational profit is estimated to be around 18-20%. Competing Agents: The competition for our project is not only the single screen cinema theater but is also the other entertainment options like amusement park, picnic spots, gaming arcade and Food Courts. There are no multiplexes in this region with the closest being in Mangalore. We are targeting three segments for our multiplex: 1. People who likes to watch a movie in a multiplex who wants different services under one roof often visits multiplexes in Mangalore such as Big Cinemas in Bharath Mall. 2. People who visits local single screen cinemas in and around Udupi. These are people who are very particular about watching movie. 3. People who prefer quality cinemas but do not visit local cinemas due to their poor quality watch movie in their home using DVD’s. For people who visit Mangalore for watching movie will benefit from the Multiplex as it will be both economical and convenient for them. They will be saving time of visiting Mangalore as well as saving money. For other target groups, our multiplex will provide them with quality cinemas such as print quality, sound quality and comfortable seating arrangement. Also other modes of entertainment under one roof such as gaming arcade along with dining facility. Our Multiplex takes care of all the competition by consolidating various entertainment and hang out options.
Probable Technical Results: Our Multiplex will have enhanced audio and video technology which is superior to local players like Aashirwad and Diana Cinemas in Udupi. We will have Dolby digital Sound for best in class sound, Satellite Transmission for clearer and true viewing experience, bigger screen size and special arrangements for power cuts.
Objective:
The objective of the project is: 1. To entertain the community with quality cinema experience. 2. To provide the people with a weekend hangout spot with dining and amusement facility. 3. To provide employment to local residents.
Key Activities:
Major stakeholders for this project will be: ? ? ? ? ? ? Owner of multiplex Contractor State/Local Authority (Registration and clearance activities) Public (inclusive of Students) Movie rights’ distributors Vendors
Other stakeholders will be people associated with gaming and food business established in multiplex premise. Benefits we are anticipating from this project include adequate revenue over operational cost, faster growth rate being first of its kind in the region, entertaining the community with quality cinema, providing employment to local residents.
Cost of the entire project will mainly be consisting of building infrastructure, screening rights cost, administrative expenses and some other general expenses. We expect to break even in 3-4 years.
General Approach:
Feasibility study confirms construction of multiplex, attracting customers and acquiring screening rights without facing major difficulties. We plan to execute the project in following manner: ? ? ? ? ? Acquiring land by our own Outsourcing construction of building Self investment of 30% money required and borrowing remaining amount from bank Funding for the gaming arcade and food court construction to be arranged by their owners Installation of best in class audio and visual system.
The multiplex project is an example of Platform Project, since the multiplex concept is not new in the media and entertainment industry but it is a new concept for the local people in Manipal and Udupi. In our case enhanced feature of the facility includes: 1. Better quality of movies 2. Additional Facility for Amusement like Gaming Arcade 3. Dining Facility accompanying the entertainment options. Since it’s a service industry, our process is different in following ways: ? ? ? ? ? It’s a complete state of art multiplex with all the modern facilities. Centrally air cooled multiplex Flexible timing of movie shows Attractive Carpeting and proper decorations Comfortable and adjustable seats in the multiplex
? ? ? ? ?
Clean sanitary conditions Wide variety of snacks and beverages in the food court. Huge collection of games in the gaming arcade with latest editions available Friendly employees, workers and attendants Underground parking facility for vehicles
Contractual Aspects:
The overall multiplex contractual work involves three main parties: 1. Architecture 2. Building Construction Company 3. Installation Contractor for Utilities, Interior and Exterior Designing & Other Facilities Contract condition with Architect: Contract Start Date shall be assumed as 1st March, 2010 for all future references The scope of work includes the following 1. Site survey 2. Preparing layout design 3. Construction drawing 4. Utility and facility specification Layout design for 20,000 sq ft area has to complete in a week after the contract date. Utility and facility specification should be furnished in one month’s time from the contract date. Utilities include electrical appliances and wiring network, plumbing and air conditioning. Facilities include audio visual systems, sitting arrangement, wallpapers, carpet and chandeliers. Construction drawing shall be furnished by 31st May, 2010. Details of Construction requirement: Total built up area will be 45,000 sq ft approximately Basement: Parking Facility for vehicles Ground Floor: Dining Facility, Gaming Arcade and 1 Screen with 400 people Capacity
First Floor: Two screens with seating capacity of 300 people The architects shall be visiting the site twice a month till the completion of the project. In case of extension of project additional fees will be provided to the architect. During the initial three months, the architects shall submit the progress report every fifteen days till the submission of construction drawing. Five percent of the contract amount shall be charged as the liquidated damage for delays in the submission of deliverables for the first week, subsequently he will be penalized at 10% of the contract amount. Any change in the deliverable requirement shall be notified to contractor well in advance. Compensation for the same will be decided based on the modified agreement. 10% of the contract amount shall be released at the submission of Layout Design. 25% of the contract amount shall be released at the submission of Utilities and facilities Specifications. Remaining 65% of the contract amount shall be released at the submission of the construction work. Contract condition with Building Construction Contractor: Contract Start Date shall be assumed as 1st September, 2010 for all future references The scope of work includes the following 1. Site Preparation: Site Preparation includes leveling, grading and excavation. The work shall be accomplished by 2 months i.e., 31st October, 2010. 2. Construction of Building: Construction of building includes foundation, building walls, laying roof. 3. The scope will also include painting walls, laying tiles, plumbing, laying conduit, laying water pipes and ducting. Construction drawing shall be provided to contractor on 1st September 2010 for the total built up area of 45,000 sq ft. Procurement of all construction items such as cement, steel, bricks, sand, wood, stone, glass etc shall be done by contractor.
Following activities shall be accomplished as per below schedule: Activity Foundation Ground Floor Completion First floor Completion Overall Construction work including flooring (Marble and Tiles) Completion Date 15th December, 2010 28th February, 2011 15th June, 2011 31st July, 2011
The contractor shall submit the progress report every fifteen days till the completion of project. Five percent of the contract amount shall be charged as the liquidated damage for delays in the submission of deliverables for the first week, subsequently he will be penalized at 10% of the contract amount. Any change in the deliverable requirement shall be notified to contractor well in advance. Compensation for the same will be decided based on the modified agreement. Payments will be made at each stage of completion of 20% of the job. Contract condition with Installation Contractor: The scope of work includes the following 1. Laying of electrical wire cables 2. Installation of electrical appliances 3. Sanitary Fittings 4. Installation and commissioning of Heating, Ventilation and Air Conditioning system (HVAC) 5. Installation and commissioning of Audio Visual System 6. Setting up sitting arrangement 7. Laying Carpets 8. Hanging Chandeliers 9. Wall finishing As built construction drawing of all the utilities and facilities networks shall be provided to contractor on 1st August, 2011 for the total built up area of 45,000 sq ft.
Procurement of all utilities and facilities such as electrical wires, HVAC system, sanitary fittings, electrical appliances, wallpapers, chandeliers, carpets, chairs, audio visual system etc shall be done by contractor. Following activities shall be accomplished as per below schedule: Activity Laying of electrical wire cables Installation and commissioning of HVAC Sanitary fitting work All interior and exterior installation Completion Date 31st August, 2011 30th September, 2011 31st August, 2011 30th November, 2011
The contractor shall submit the progress report every fifteen days till the completion of project. Five percent of the contract amount shall be charged as the liquidated damage for delays in the submission of deliverables for the first week, subsequently he will be penalized at 10% of the contract amount. Any change in the deliverable requirement shall be notified to contractor well in advance. Compensation for the same will be decided based on the modified agreement. Payments will be made at each stage of completion of 25% of the job.
Schedule
Work Break Down structure and Action plan are attached at the end of report.
Resources
Since, we are getting work done by three different contractors on lump sum basis; we will be making payments to them irrespective of time taken by them. Total capital cost will be incurred on following components: Activity/Contractor Land Acquisition Architect Construction Contractor Installation Contractor Amount 16,000,000 200,000 58,500,000 10,000,000
Operating cost will be incurred on payments made to project work force. Resource cost per unit is specified below: Resource cost per unit for Building Multiplex Max Std Rate Overtime Cost/Use Resources Name Units (in Rs) Rate (in Rs) (in Rs) Project Manager 1 400/Hr 600/Hr 0 Site Manager 1 250/Hr 400/Hr 0 Site Inspector 1 150/Hr 250/Hr 0 Quality Inspector 1 150/Hr 250/Hr 0 Fund Manager 1 150/Hr 250/Hr 0 Interior Designer 1 0/Hr 0/Hr 50,000.00 Site Surveyor 1 0/Hr 0/Hr 15,000.00 Tender Specialist 2 0/Hr 0/Hr 50,000.00 Lawyer 1 0/Hr 0/Hr 100,000.00 Site Security Guard 4 15/Hr 25/Hr 0
ID 1 2 3 4 5 6 7 8 9 10
Accrue At Prorated Prorated Prorated Prorated Prorated Start Start Start Start Prorated
Total operating cost is Rs.48,24,280 whose detail description has been attached in Appendix-A
Personnel details
1. Project Manager: is responsible for all the activities being carried out during entire project. All other personnel will report him about their progress and seek help to resolve the issues. 2. Site Manager: is responsible for all the onsite activities. He is single point contact for all other contractors involved in this project. His main task is to ensure smooth execution of day-to-day operations. 3. Site Inspector: is responsible for the inspection of all procured items. He has to ensure technical compliance of all these items with project specifications. 4. Quality Inspector: is responsible for quality check of all the construction work. Contractor has to get approval from him for all his activities to proceed with subsequent activities. 5. Fund Manager: is responsible for release of payment to contractors and project work force. He has to make payments as per contractual aspects describing percentage of contract amount at each milestone.
6. Interior Designer: is responsible for all interior decoration. He has to furnish all the specifications and layout pertaining to decorative items such as wallpapers, paintings, carpet, chandeliers, chairs etc. 7. Site Surveyor: is responsible for helping in deciding the site suitable for the project. He has to propose and visit multiple sites, perform cost benefit analysis and recommend a site for construction purpose. 8. Tender Specialist: is responsible for designing and floating the building construction tender, receiving and evaluating bids. He has the prior experience and possesses the required knowledge to draft the tender. He has to finally recommend a contractor for construction purpose. 9. Lawyer: is responsible for completion of all legal arrangements such as registration and clearance activities. He has to deal with State/Local Authority to take care of all official matters and ensure smooth execution of project. 10. Site Security Guard: is responsible for security of owner’s property including all the materials and installations. Two security guards will be present at any point of time. There will be two shifts of 12 hours each.
Evaluation Criteria:
There are basically four dimensions to assess a project success: 1. Project Efficiency: This will report the project efficiency with respect to budget and time. As these are very important factors for evaluating our project, methods used can be the estimated expense to the actual expense and the variance of the budget from the actual budget. Similar approach can be used for evaluating the schedule of the project completion. 2. Customer Impact/Satisfaction: This can be evaluated after the completion of the project. The costumer impact can be calculated by collecting the feedback of the customer about the multiplex and other amusement and dining facilities available in the multiplex. Customer can be asked to explain their experience of watching movie at the multiplex and value for money for the same.
3. Business Success: This can be measured by calculating the profits and the return on investments of the multiplex project. Industry average for operating margin is 18%. The Internal rates of return (IRR) as well as the market share are the two key indicators of knowing the business success financially. 4. Future Potential: The future potential of the project will assess the future planning of the multiplex project. This will include adding more screens to serve the customers. The success of the current project will help in converting the multiplex into a fully fledged shopping mall.
Potential Problems:
1. Delay in procurement during construction. All the items required by building construction contractor are very common such as sand, wood etc which are very common and hence we don’t expect any delays in this. 2. Delay in procurement during installation of equipments. All the items for installation contractor will be ordered in advanced to avoid any delays during the project. HVAC is the only critical item that can take time for delivery and therefore that can be ordered well before the installation phase to ensure the timely delivery. All other items can be made available in the due time. 3. Problem due to rainy season. The planning of the project has been done in such a way that construction phase starts only after the rainy season that is on 1st September, 2010 and finishes before the rainy season. 4. Problem due to equipment failure. It will be ensured that the trial run for all the equipments such as HVAC systems is conducted at the vendors’ side to ensure smooth functioning. Installation contractor has ensured installation and commissioning by the vendor only. 5. Problem due to non approval. This can be ensured by following the law for the state as well as the rules and regulations of other local authorities.
doc_633750018.docx
The documentation about the Mutiplex Project Master Plan.
PROJECT MANAGEMENT
Multiplex in Manipal
Project Master Plan
Introduction:
Being one of the core elements of entertainment, basic cinema viewing facility is conspicuously absent in Manipal and neighboring towns of Udupi and Karkala. Multiplexes offer a perfect natural ambience to the mass after the long hectic work schedule. This is the kind of satisfaction that made multiplex cinemas in urban India an ideal choice to spend some quality time. This is one of the major facts why cinema malls in most upscale townships are drawing so well. There are over 15000 floating students in Manipal pursuing their graduation or post graduation from more than 30 colleges located in Manipal. It has more than 25000 urban and semi-urban households. Udupi district also constitutes a vast target segment with population over 10 lacs. However, there is no multiplex in Udupi district.
Overview:
Brief Description: Multiplex is becoming part of urban life for entertainment; it gives an opportunity to establish a multiplex to take first mover advantage. We plan to construct a multiplex cinema hall with three large screens in Manipal. In addition to screening movies, visitors to the multiplex will be further captivated with some sort of restaurant or dining facilities. Deliverables: The deliverables for the projects include: 1. Construction of three screens with the seating capacity of 250 persons each. 2. Parking space for 100 vehicles. 3. A food court serving multiple cuisines. 4. A gaming arcade. Major Milestone: 1. Site Selection 2. Layout Planning & Design and Engineering 3. Completion of Site Preparation and Masonry Work
4. Installation of Utilities & Facilities Expected Profitability: The benefits that we are anticipating from this project include adequate revenue over operational cost and faster growth rate being first of its kind in the region. Cost of the entire project will mainly be consisting of building infrastructure; screening rights cost, administrative expenses and some other general expenses. We expect to break even in 3-4 years with 30-35% occupancy. The operational profit is estimated to be around 18-20%. Competing Agents: The competition for our project is not only the single screen cinema theater but is also the other entertainment options like amusement park, picnic spots, gaming arcade and Food Courts. There are no multiplexes in this region with the closest being in Mangalore. We are targeting three segments for our multiplex: 1. People who likes to watch a movie in a multiplex who wants different services under one roof often visits multiplexes in Mangalore such as Big Cinemas in Bharath Mall. 2. People who visits local single screen cinemas in and around Udupi. These are people who are very particular about watching movie. 3. People who prefer quality cinemas but do not visit local cinemas due to their poor quality watch movie in their home using DVD’s. For people who visit Mangalore for watching movie will benefit from the Multiplex as it will be both economical and convenient for them. They will be saving time of visiting Mangalore as well as saving money. For other target groups, our multiplex will provide them with quality cinemas such as print quality, sound quality and comfortable seating arrangement. Also other modes of entertainment under one roof such as gaming arcade along with dining facility. Our Multiplex takes care of all the competition by consolidating various entertainment and hang out options.
Probable Technical Results: Our Multiplex will have enhanced audio and video technology which is superior to local players like Aashirwad and Diana Cinemas in Udupi. We will have Dolby digital Sound for best in class sound, Satellite Transmission for clearer and true viewing experience, bigger screen size and special arrangements for power cuts.
Objective:
The objective of the project is: 1. To entertain the community with quality cinema experience. 2. To provide the people with a weekend hangout spot with dining and amusement facility. 3. To provide employment to local residents.
Key Activities:
Major stakeholders for this project will be: ? ? ? ? ? ? Owner of multiplex Contractor State/Local Authority (Registration and clearance activities) Public (inclusive of Students) Movie rights’ distributors Vendors
Other stakeholders will be people associated with gaming and food business established in multiplex premise. Benefits we are anticipating from this project include adequate revenue over operational cost, faster growth rate being first of its kind in the region, entertaining the community with quality cinema, providing employment to local residents.
Cost of the entire project will mainly be consisting of building infrastructure, screening rights cost, administrative expenses and some other general expenses. We expect to break even in 3-4 years.
General Approach:
Feasibility study confirms construction of multiplex, attracting customers and acquiring screening rights without facing major difficulties. We plan to execute the project in following manner: ? ? ? ? ? Acquiring land by our own Outsourcing construction of building Self investment of 30% money required and borrowing remaining amount from bank Funding for the gaming arcade and food court construction to be arranged by their owners Installation of best in class audio and visual system.
The multiplex project is an example of Platform Project, since the multiplex concept is not new in the media and entertainment industry but it is a new concept for the local people in Manipal and Udupi. In our case enhanced feature of the facility includes: 1. Better quality of movies 2. Additional Facility for Amusement like Gaming Arcade 3. Dining Facility accompanying the entertainment options. Since it’s a service industry, our process is different in following ways: ? ? ? ? ? It’s a complete state of art multiplex with all the modern facilities. Centrally air cooled multiplex Flexible timing of movie shows Attractive Carpeting and proper decorations Comfortable and adjustable seats in the multiplex
? ? ? ? ?
Clean sanitary conditions Wide variety of snacks and beverages in the food court. Huge collection of games in the gaming arcade with latest editions available Friendly employees, workers and attendants Underground parking facility for vehicles
Contractual Aspects:
The overall multiplex contractual work involves three main parties: 1. Architecture 2. Building Construction Company 3. Installation Contractor for Utilities, Interior and Exterior Designing & Other Facilities Contract condition with Architect: Contract Start Date shall be assumed as 1st March, 2010 for all future references The scope of work includes the following 1. Site survey 2. Preparing layout design 3. Construction drawing 4. Utility and facility specification Layout design for 20,000 sq ft area has to complete in a week after the contract date. Utility and facility specification should be furnished in one month’s time from the contract date. Utilities include electrical appliances and wiring network, plumbing and air conditioning. Facilities include audio visual systems, sitting arrangement, wallpapers, carpet and chandeliers. Construction drawing shall be furnished by 31st May, 2010. Details of Construction requirement: Total built up area will be 45,000 sq ft approximately Basement: Parking Facility for vehicles Ground Floor: Dining Facility, Gaming Arcade and 1 Screen with 400 people Capacity
First Floor: Two screens with seating capacity of 300 people The architects shall be visiting the site twice a month till the completion of the project. In case of extension of project additional fees will be provided to the architect. During the initial three months, the architects shall submit the progress report every fifteen days till the submission of construction drawing. Five percent of the contract amount shall be charged as the liquidated damage for delays in the submission of deliverables for the first week, subsequently he will be penalized at 10% of the contract amount. Any change in the deliverable requirement shall be notified to contractor well in advance. Compensation for the same will be decided based on the modified agreement. 10% of the contract amount shall be released at the submission of Layout Design. 25% of the contract amount shall be released at the submission of Utilities and facilities Specifications. Remaining 65% of the contract amount shall be released at the submission of the construction work. Contract condition with Building Construction Contractor: Contract Start Date shall be assumed as 1st September, 2010 for all future references The scope of work includes the following 1. Site Preparation: Site Preparation includes leveling, grading and excavation. The work shall be accomplished by 2 months i.e., 31st October, 2010. 2. Construction of Building: Construction of building includes foundation, building walls, laying roof. 3. The scope will also include painting walls, laying tiles, plumbing, laying conduit, laying water pipes and ducting. Construction drawing shall be provided to contractor on 1st September 2010 for the total built up area of 45,000 sq ft. Procurement of all construction items such as cement, steel, bricks, sand, wood, stone, glass etc shall be done by contractor.
Following activities shall be accomplished as per below schedule: Activity Foundation Ground Floor Completion First floor Completion Overall Construction work including flooring (Marble and Tiles) Completion Date 15th December, 2010 28th February, 2011 15th June, 2011 31st July, 2011
The contractor shall submit the progress report every fifteen days till the completion of project. Five percent of the contract amount shall be charged as the liquidated damage for delays in the submission of deliverables for the first week, subsequently he will be penalized at 10% of the contract amount. Any change in the deliverable requirement shall be notified to contractor well in advance. Compensation for the same will be decided based on the modified agreement. Payments will be made at each stage of completion of 20% of the job. Contract condition with Installation Contractor: The scope of work includes the following 1. Laying of electrical wire cables 2. Installation of electrical appliances 3. Sanitary Fittings 4. Installation and commissioning of Heating, Ventilation and Air Conditioning system (HVAC) 5. Installation and commissioning of Audio Visual System 6. Setting up sitting arrangement 7. Laying Carpets 8. Hanging Chandeliers 9. Wall finishing As built construction drawing of all the utilities and facilities networks shall be provided to contractor on 1st August, 2011 for the total built up area of 45,000 sq ft.
Procurement of all utilities and facilities such as electrical wires, HVAC system, sanitary fittings, electrical appliances, wallpapers, chandeliers, carpets, chairs, audio visual system etc shall be done by contractor. Following activities shall be accomplished as per below schedule: Activity Laying of electrical wire cables Installation and commissioning of HVAC Sanitary fitting work All interior and exterior installation Completion Date 31st August, 2011 30th September, 2011 31st August, 2011 30th November, 2011
The contractor shall submit the progress report every fifteen days till the completion of project. Five percent of the contract amount shall be charged as the liquidated damage for delays in the submission of deliverables for the first week, subsequently he will be penalized at 10% of the contract amount. Any change in the deliverable requirement shall be notified to contractor well in advance. Compensation for the same will be decided based on the modified agreement. Payments will be made at each stage of completion of 25% of the job.
Schedule
Work Break Down structure and Action plan are attached at the end of report.
Resources
Since, we are getting work done by three different contractors on lump sum basis; we will be making payments to them irrespective of time taken by them. Total capital cost will be incurred on following components: Activity/Contractor Land Acquisition Architect Construction Contractor Installation Contractor Amount 16,000,000 200,000 58,500,000 10,000,000
Operating cost will be incurred on payments made to project work force. Resource cost per unit is specified below: Resource cost per unit for Building Multiplex Max Std Rate Overtime Cost/Use Resources Name Units (in Rs) Rate (in Rs) (in Rs) Project Manager 1 400/Hr 600/Hr 0 Site Manager 1 250/Hr 400/Hr 0 Site Inspector 1 150/Hr 250/Hr 0 Quality Inspector 1 150/Hr 250/Hr 0 Fund Manager 1 150/Hr 250/Hr 0 Interior Designer 1 0/Hr 0/Hr 50,000.00 Site Surveyor 1 0/Hr 0/Hr 15,000.00 Tender Specialist 2 0/Hr 0/Hr 50,000.00 Lawyer 1 0/Hr 0/Hr 100,000.00 Site Security Guard 4 15/Hr 25/Hr 0
ID 1 2 3 4 5 6 7 8 9 10
Accrue At Prorated Prorated Prorated Prorated Prorated Start Start Start Start Prorated
Total operating cost is Rs.48,24,280 whose detail description has been attached in Appendix-A
Personnel details
1. Project Manager: is responsible for all the activities being carried out during entire project. All other personnel will report him about their progress and seek help to resolve the issues. 2. Site Manager: is responsible for all the onsite activities. He is single point contact for all other contractors involved in this project. His main task is to ensure smooth execution of day-to-day operations. 3. Site Inspector: is responsible for the inspection of all procured items. He has to ensure technical compliance of all these items with project specifications. 4. Quality Inspector: is responsible for quality check of all the construction work. Contractor has to get approval from him for all his activities to proceed with subsequent activities. 5. Fund Manager: is responsible for release of payment to contractors and project work force. He has to make payments as per contractual aspects describing percentage of contract amount at each milestone.
6. Interior Designer: is responsible for all interior decoration. He has to furnish all the specifications and layout pertaining to decorative items such as wallpapers, paintings, carpet, chandeliers, chairs etc. 7. Site Surveyor: is responsible for helping in deciding the site suitable for the project. He has to propose and visit multiple sites, perform cost benefit analysis and recommend a site for construction purpose. 8. Tender Specialist: is responsible for designing and floating the building construction tender, receiving and evaluating bids. He has the prior experience and possesses the required knowledge to draft the tender. He has to finally recommend a contractor for construction purpose. 9. Lawyer: is responsible for completion of all legal arrangements such as registration and clearance activities. He has to deal with State/Local Authority to take care of all official matters and ensure smooth execution of project. 10. Site Security Guard: is responsible for security of owner’s property including all the materials and installations. Two security guards will be present at any point of time. There will be two shifts of 12 hours each.
Evaluation Criteria:
There are basically four dimensions to assess a project success: 1. Project Efficiency: This will report the project efficiency with respect to budget and time. As these are very important factors for evaluating our project, methods used can be the estimated expense to the actual expense and the variance of the budget from the actual budget. Similar approach can be used for evaluating the schedule of the project completion. 2. Customer Impact/Satisfaction: This can be evaluated after the completion of the project. The costumer impact can be calculated by collecting the feedback of the customer about the multiplex and other amusement and dining facilities available in the multiplex. Customer can be asked to explain their experience of watching movie at the multiplex and value for money for the same.
3. Business Success: This can be measured by calculating the profits and the return on investments of the multiplex project. Industry average for operating margin is 18%. The Internal rates of return (IRR) as well as the market share are the two key indicators of knowing the business success financially. 4. Future Potential: The future potential of the project will assess the future planning of the multiplex project. This will include adding more screens to serve the customers. The success of the current project will help in converting the multiplex into a fully fledged shopping mall.
Potential Problems:
1. Delay in procurement during construction. All the items required by building construction contractor are very common such as sand, wood etc which are very common and hence we don’t expect any delays in this. 2. Delay in procurement during installation of equipments. All the items for installation contractor will be ordered in advanced to avoid any delays during the project. HVAC is the only critical item that can take time for delivery and therefore that can be ordered well before the installation phase to ensure the timely delivery. All other items can be made available in the due time. 3. Problem due to rainy season. The planning of the project has been done in such a way that construction phase starts only after the rainy season that is on 1st September, 2010 and finishes before the rainy season. 4. Problem due to equipment failure. It will be ensured that the trial run for all the equipments such as HVAC systems is conducted at the vendors’ side to ensure smooth functioning. Installation contractor has ensured installation and commissioning by the vendor only. 5. Problem due to non approval. This can be ensured by following the law for the state as well as the rules and regulations of other local authorities.
doc_633750018.docx