The "Development Proforma Template" is a comprehensive step-by-step process for managing and assessing the financial feasibility of a real estate project.
1
Identify project objectives and requirements
2
Research and gather data on local real estate market conditions
3
Calculate estimated project cost
4
Estimate potential revenues from the development project
5
Prepare a basic financial model
6
Determine financial feasibility of the project
7
Draft initial proforma
8
Approval: Financial Analyst for initial proforma
9
Review and update project costs as necessary
10
Fine-tune revenue estimates based on market research
11
Refine financial model based on updated inputs
12
Prepare final draft of the proforma
13
Approval: Project Manager for final draft of proforma
14
Submit final proforma to senior management for review
15
Make any final adjustments based on feedback from senior management
16
Approval: CEO for final proforma
17
Distribute final proforma to all relevant stakeholders
18
Monitor project progress and update proforma as project progresses
19
Maintain records of all proforma versions for audit purposes
Identify project objectives and requirements
In this task, you will identify the objectives and requirements of the development project. This will set the foundation for the entire process and ensure that all stakeholders are aligned. What are the key goals of the project? What are the specific requirements that need to be met? Use this task to gather all the necessary information.
Research and gather data on local real estate market conditions
This task requires you to conduct thorough research on the local real estate market conditions. It is essential to gather accurate and up-to-date data to make informed decisions. What are the current trends in the local real estate market? Are there any factors that may impact the project? Use this task to gather all the necessary data and insights.
1
1. Population growth
2
2. Economic stability
3
3. Supply and demand
4
4. Government policies
5
5. Competitor analysis
Calculate estimated project cost
Estimate potential revenues from the development project
Prepare a basic financial model
Determine financial feasibility of the project
Draft initial proforma
Approval: Financial Analyst for initial proforma
Will be submitted for approval:
Draft initial proforma
Will be submitted
Review and update project costs as necessary
Fine-tune revenue estimates based on market research
Refine financial model based on updated inputs
Prepare final draft of the proforma
Approval: Project Manager for final draft of proforma
Will be submitted for approval:
Prepare final draft of the proforma
Will be submitted
Submit final proforma to senior management for review
Make any final adjustments based on feedback from senior management
Approval: CEO for final proforma
Will be submitted for approval:
Submit final proforma to senior management for review
Will be submitted
Distribute final proforma to all relevant stakeholders
Monitor project progress and update proforma as project progresses
Maintain records of all proforma versions for audit purposes
