Project Finance Of The Turkana Wind Power Project Finance Essay - Free Essay Example

Sample details Pages: 7 Words: 2187 Downloads: 6 Date added: 2017/06/26 Category Finance Essay Type Cause and effect essay Did you like this example? Introduction The project proposal was made in 2009 and is to be located in Kenya, at the southern end of Lake Turkana. The project has a concession area of about 150Km2 for 99 years renewable every 33 years and the project is expected to last 25-30 years. The aim of the project is to Finance Build Own and Operate (FBOO) a 300 MW wind farm beside Lake Turkana. Don’t waste time! Our writers will create an original "Project Finance Of The Turkana Wind Power Project Finance Essay" essay for you Create order The wind farm will have 353 wind turbines each with a capacity of 850 kW and it will produce an equivalent of 17% of Kenyas current power generation capacity, with the potential to power approximately 2 million Kenyan households. The project will also Finance Build Own Operate and Transfer (FBOOT) one (1) power transmission substation, one (1) terminal substation and a 428Km, 400kV transmission line from Lake Turkana to the grid at Suswa. Most of the equipment will be imported and the route for the transfer of equipment from the port to the project site is approximately 1,200 km hence the project will also include road constructions, upgrades and adjustments. Approximately 4,000 truck loads (to and fro) will be required and transportation will be done mostly at night. The project is expected to cost 780MUSD and it will be financed through equity and commercial loans. Kenya traditionally relies on hydropower which is much cheaper than wind generated power hence the tariff is expected to be higher. Electricity generated will be purchased by Kenya Power and Lighting Company (KPLC) and distributed to consumers in Kenya. KPLC buys all the electricity generated in Kenya and handles transmission and distribution. KPLC is a monopoly hence negotiations on tariff will be tough. The United Nations (UN) pays some monetary compensation to companies for reduction in emissions of CO2. The project expects to generate average emission reductions of 919,060 tonnes of CO2 per year which translates to about 12MEuro per year of carbon credit. The project is proposing to share some of the carbon credit revenue with KPLC as part of negotiations for a favorable tariff. The LTWP is being developed by a consortium of individuals, international and local companies. The table below shows members of the consortium. Company/Individual Background/Information Anset Africa Project Development and Management Company Globeleq UK based company focussed on pr oviding reliable power in emerging markets (Africa, America, Asia ) KPP B.V. Development Operation of Wind Energy Projects Mr. Willem Dolleman Dutch Kenyan Resident Mr. Henk Hutting Dutch Mr. John Thiongo Mwangi Kenyan Mr. Kasper Paardekooper Dutch Mr. Ed Schieke Belgian Mr. Chris Stanbo Norwegian Mr. Carlo Van Wageningen Italian/Dutch Mr. Harry Wassenaar Dutch The project has the following partners: Partner Background/Information Anjarwall Khanna Kenyan corporate law firm/legal advisers Carbon Africa Carbon project development company with headquarters in Kenya German Wind Energy Institute Wind measurement and consulting services KPMG Financial Management and Auditing Mammoet Europe B.V. Dutch company specialised in heavy lifting and extreme transport solutions Schick Consulting Belgian company providing research and consulting on energy systems and connection to existing networks Vestas Benalux B.V. Wind technology provider since 1979 Analysis The project will be critically examined in the following areas: Benefits Finance Revenue Transportation Risks Benefits Profit for investors Reliable source of energy for economic development Being a pioneer project, its success will lead to proliferation of wind projects in Kenya and other developing regions Generation of employment for locals during the construction and operations phase Upgrade of the road system Increase in government revenue through the payment of tax Improvement in trade balance due to reduction in oil imports used for electricity generation Due to rising fuel prices and the non-sustainability of oil as a source of energy, the project has the potential to reduce the price of electricity in the long run As with most Public Private Partnerships, only the first benefit will accrue to the private sector, the rest goes to the public sector and the private sector cannot tap in them! Finance The project is expected to cost 780 MUSD. The project will be fully financed by the private sector using debt and equity. This means the cost of capital will be high compared to a government funded project. This will potentially make tariffs higher and the payback period longer. The major cost on the project will be wind turbines which will be procured from Europe. This introduces the risk of currency fluctuation and currency convertibility. To reduce this risk, estimates and contracts for wind turbines and should be made in the currency of the suppliers, in this case in Euro. Estimates for local labor, transportation and materials should be done in Kenyan currency. Finance should be scheduled to coincide with expenditure to reduce payments on interests. Inflation should be included in the estimate and provision should be made for changes in inflation rate. Revenue The project expects to get its revenue mainly through tariffs. Additional revenue of about 12 MEuro per annum of carbon credit is expected. Sales agreements should be made in such a way that both the public and private sector bears the usage risk. This can be by the public sector paying the private sector for availability there by managing the usage risk. Transportation Most of the major equipment will be imported through the sea ports and transported by road from the ports to the project site over a distance of about 1,200 Km. This will create marine cargo, transport and delay risks. These risks are insurable and should form part of the total project cost. Risk The risk of availability, reliability and maintainability can be shared with equipment suppliers by having them include the cost of personnel training and equipment maintenance in their proposals. This will form a long term contract that will cover the project life cycle. The contract should also share the risks of technology change with the suppliers. For this project, the supplier of the equipment has been listed as one of the partners; this might be a risk reduction strategy, depending on the details of the agreement. Concessions and licenses will be required from the government during the project. This has the potential to cause delays in the project. To reduce this risk, the project should assign an individual specifically dedicated to ensuring that all concessions and licenses are obtained on schedule. Since government is responsible for granting concessions and licenses, the agreement between the private sector partners and government should include a clause that ensures any additional cost or losses to the project as a result of delay approvals by government agencies will be borne by the government. Alternately, the contract can specify the maximum number of days between formal and proper submission of requests for concessions/licenses by the private sector partners and receipt of a response from government agencies. If the duration is exceeded without a response, it should be deemed approved. As with most emerging economies, there is poor infrastructure most especially in terms of governance. The horn of Africa where the wind turbines will pass en-route Kenya has recently been a nest of pirates. Kenya also experienced some unrest during the last elections. These should be factored in before the final investment decision by making the hurdle rate of IRR high and including adequate contingency reserves in the project cost. In defining situations where either party can call for a force majeure, war, civil disturbance and any change in legislati on that significantly affects project economics should be included. The project should include local (host) communities that will be affected by the projects activities in their Corporate Social Responsibility (CSR) program. It has been shown in many developing economies that if not properly consulted and informed, local (host) communities can cause delays, disruption and in extreme cases outright cancellation of infrastructure projects. Estimates of revenues should be conservative, inflation and risk should be factored in estimates of cost. Sensitivity analysis and parametric discounting should be done to identify parameters that have significant influence on project economics. These parameters should be analyzed to reduce probability / impact on project economics. Reflections on Lessons Learned During the 5 day workshop, the following were learnt: Importance of having individuals/organizations that will be responsible for making sure the project achieves the desired outcomes and goals. The cost of finance can be as high as 60% of the project cost! Hence sources of finance should be carefully evaluated to minimize cost of finance and care should be taken in calculating revenue, cost, cost of capital, working capital, fixed capital, operating costs, administrative costs and depreciation. Debts should be structured to coincide with the time when the finance will be needed to reduce cost of finance. Depreciation should be factored in the cost of infrastructure projects. Also, in order to ensure that the facility continues to serve its purpose, a sum of money equal to the amount of depreciation should be spent annually on maintenance. If an asset is to be replaced after a specific number of years, it should be depreciated annually in such a way that the total amount k ept for depreciation will be able to replace it with a new one at the end of its service period. Project finance can be appraised using tools such as contribution, gross profit, operating profit, profit before tax, Accounting Rate of Return (ARR), Net Present Value (NPV), Internal Rate of Return (IRR) and Profitability Index (PI). It is necessary to be conservative in calculating inflows and to make outflow higher than expected in order to minimize risk. The concept of notional shares, notional value, book value and market capitalization of a company was learnt. 100% of project finance must be in place before a project can start. Various finance options are available and an increasingly popular source of finance is Islamic finance. The part on PPPs was very revealing and of great interest to me. My country, Nigeria is just venturing into this type of arrangement and the program has highlighted the risks, advantages and disadvantages as well as proposals for sharing ri sks between all stake holders. Risk should be transferred according to ability to manage them- (R. Turner, 2010). My teams presentation is part of my learning curve in team work; it gets better with each assignment. The team studied the case together and agreed on responsibilities of each team member. However, as we progressed some members handled tasks outside their assigned tasks like preparing the final slides. Team members sought and got assistance from other team members during the case study. One of my learning experiences is that presentations should be simple and straight to the point. The right type and amount of graphics should be used. My team also identified and analyzed the risks but did not provide any good plans for avoiding, transferring, mitigating or accepting the risks. It is important to have a practical risk response strategy for a project. It is equally important to update the risk register as the project progresses. During the sensitivity analysis, my team only concentrated on the fuel price and Equity Risk Premium (ERP) instead of analyzing the project sensitivity to all the variables. Sensitivity analysis is a risk reduction strategy as such it should involve all the variables concerned. FBOO is a very difficult concept because although it is built, owned and operated by the private sector, the government always remains involved. In FBOOT arrangements, one disadvantage is risks are not shared based on capability to handle the risks. For example by bundling together construction, operation and maintenance, the companies that are good at construction might not be good at operations and maintenance hence these aspects of the project should not be lumped together. At what point should the asset be transferred to the government? This is usually determined by financial considerations, which is, when the private sector has recovered capital and made profits not according to when the public sector will be more capable of h andling the risks. Hence FBOOT projects are not based on the best possible arrangement, but on the best political framework or the best way of shifting tax between levels of government. Conclusion This paper analyzed Lake Turkana Wind Power Project in terms of benefits, finance, revenue, transportation and risks. Apart from profits, all benefits will accrue to the government. The private sector is taking all the risks on this project. Usage risk should be taken by the government and equipment, maintenance and technology risk should be borne by the equipment suppliers. Government should also bare the risk of delays in approving concessions and licenses. Transportation, marine and delay risks should be insured. Considering the location of the project, there should be contingency reserves and the hurdle rate of IRR should be high. The project is supposed to start electricity generation by June 2011 and is to be completed in July 2012, if all project finance has been secured; government has consistently refused to be part of the funding and the global economic meltdown has reduced sources of credit for investors. This also means that the cost of capital may be high and payback period may be longer. The world is moving towards renewable energy and this project has huge potential to succeed if the factors mentioned in this paper are taken into consideration.

Where in the World Classroom Icebreaker

Technology and transportation in the modern world have given us the opportunity to learn so much more, often first hand, about the rest of the world. If you haven’t had the privilege of global traveling, you may have experienced the thrill of conversing with foreigners online or working side-by-side with them in your industry. The world becomes a smaller place the more we get to know each other. When you have a gathering of people from various countries, this icebreaker is a breeze, but it’s also fun when participants are all from the same place and know each other well. Everyone is capable of dreams that cross borders. To make this icebreaker kinetic, require that one of the three clues be a physical motion. For example, skiing, golfing, painting, fishing, etc. Basic information about the Where in the World Icebreaker: Ideal Size: Up to 30. Divide larger groups.Use For: Introductions in the classroom or at a meeting, especially when you have an international group of participants or an international topic to discuss.Time Needed: 30 minutes, depending on the size of the group. Instructions Give people a minute or two to think of three clues that describe, but don’t give away, either the country they are from (if different from the one you’re in) or their favorite foreign place they have visited or dream of visiting. When ready, each person gives their name and their three clues, and the rest of the group guesses where in the world they are describing. Give each person a minute or two to explain what they like best about their favorite place in the world. Start with yourself so they have an example. If you want students on their feet and moving, require that one clue be a physical motion like swimming, hiking, golfing, etc. This clue may include verbal help or not. You choose. For example: Hi, my name is Deb. One of my favorite places in the world is tropical, has a beautiful body of water you can climb, and is near a popular cruise port (I am physically imitating climbing). After guessing is finished: One of my favorite places in the world is Dunn’s River Falls near Ocho Rios, Jamaica. We stopped there on a Caribbean cruise and had the marvelous opportunity of climbing the falls. You start at sea level and can climb 600 feet gradually up the river, swimming in pools, standing under small falls, sliding down smooth rocks. It’s a beautiful and fantastic experience. Debriefing Your Students Debrief by asking for reactions from the group and asking if anybody has a question for another participant. You will have listened carefully to the introductions. If somebody has chosen a place related to your topic, use that place as a transition to your first lecture or activity.

Cultural Views Of Women In The Bell Jar By Sylvia Plath

Men have continuously controlled the narrative for women; women were expected to be the housewives instead of reaching for a higher education or occupations that were considered â€Å"out of their league†. Women in early to mid 1900’s were oppressed by the man’s perfect view of what a woman should and should not be. Hastily after they were given the right to vote in 1920, men pressured women to stay in the realm of expertise they had participated in for centuries, domesticity. Sylvia Plath the writer of, The Bell Jar, uses the life of Esther Greenwood to show how cultural views of women disabled them from reaching their highest abilities. In addition, Betty Friedan’s book, The Feminine Mystique, explains how many women that went along with the†¦show more content†¦This shows that women of this time weren’t suppose to take up jobs that weren’t seen as temporary or challenging; they were meant to be stenographers or secretaries (Plath 5); a job that would give them the perfect environment to meet a prospective husband. Women were not to be seen as smart or capable because it was a turn off to men who feared they would be dominated by their wife’s success (Chesler 66). Cee Jay, the editor of the beauty magazine that Esther interns for, is constantly judged by her appearance instead of her qualifications. This is shown when Doreen refers to Cee Jay as not caring about whether Esther has her story turned in on time because Cee Jay is, â€Å"ugly as sin† (Plath 5). After this observation is made Esther contemplates how well, Cee Jay does her job when she refers to her as, having â€Å"brains† (Plath 6). This is a clear assessment of women’s inferiority in the mid 1900’s, these women of high positions were seen as ugly and masculine (Friedan 58). When Esther meets Dr. Nolan, a female psychologist, she is surprised because she hadn’t realized women could be a psychiatrist or be come Doctors. With this encounter Esther realizes women can be very successful in career’s of art and science -careers deemed masculine by society- she realizes it’s okay toShow MoreRelatedThe Allegory Of The Double Standard1531 Words   |  7 Pagesdomestic ideal and symbolism of the bell jar The ironic coming of age and rebirth Color symbolism Manipulation between â€Å"personal experience† and variety forms of â€Å"artifice† Introduction Controversy over women s place in society and feminism has long been lurking as early as the 14th century. American poet and novelist Sylvia Plath is the author of collections of highly acclaimed poems that highlight women’s roles in a culture principally dictated by patriarchal views. Although, she is mostly acknowledgedRead MoreComparing The Scarlet Letter, By Nathaniel Hawthorne And The Bell Jar By Sylvia Plath2182 Words   |  9 PagesUltimately, these come to oppress women, and confine them within the limits that the world has set for them. However, society is constantly evolving, and within the past 200 years, the role of women has changed. These changes in society can be seen within the intricacies of literature in each era. Specifically, through analyzing The Scarlet Letter by Nathaniel Hawthorne and The Bell Jar by Sylvia Plath, one can observe the dynamics of society in regards to the role of women through the lens of the themeRead More Quest for Self-Identity in Margaret Atwood’s Surfacing and The Bell Jar, by Sylvia Plath2136 Words   |  9 Pagessuch as rewritings of traditional concepts and creating voices that stand in opposition. All these issues become the matrix and concern of feminist criticism. Not the least, crucial to feminism is also pointing at the notion of diversity. For many women, the process of writing is an expression of themselves, it allows them to â€Å"throw off their chains† and to struggle for more autonomy. The twentieth century has given rise to women’s efforts to fight for their rights in the Western world. In theRead MoreThe Bell Jar, By Sylvia Plath1657 Words   |  7 PagesOf the two readings we were given to select from for our Midterm Assignment, I chose to conduct my initial psychosocial and diagnostic assessment on the character, Esther, from the semi-autobiographical novel â€Å"The Bell Jar†, by Sylvia Plath. The protagonist in the novel is a 19-year-old girl from the suburbs of Boston growing up in the 1950’s who has accepted a summer internship working at a prominent magazine in New York City. It is made clear from the beginning of the novel that Esther’s moveRead MoreThe Bell Jar By Sylvia Plath2029 Words   |  9 Pagespeople just do not talk about it due to its stigma. Depression manifests itself in sufferers with recurrent thoughts of death and dying. Sometimes these thoughts progress into thoughts and even plans for suicide. In The Bell J ar, Sylvia Plath writes from the protagonist’s point of view, who is known as Esther Greenwood; therefore readers witness first hand Esther’s personal journey as her thoughts become increasingly centered on death and she becomes disenchanted with what the world has to offer. AsRead MoreSylvia Plath s The Bell Jar1758 Words   |  8 PagesAccording to The Broadview Anthology of British Literature, â€Å"There was much debate concerning the proper place of women and the ideal characteristics of femininity throughout the nineteenth century† (610). The Victorian Era formally followed the reign of Queen Victoria in England from 1837 to 1901, but the era is not so rigidly set. The ideologies, values, and mores associated with the Victorian Era were present before Queen Victoria, and then followed into America and also lived sixty years pastRead More10 Things I Hate About You Taming of the Shrew: Appropriation1376 Words   |  6 Pages10 Things I Hate About You The Taming of the Shrew The historical and cultural contexts of Shakespeare’s The Taming of the Shrew (TTS) and the 1999 film 10 Things I Hate About You (10TIH) differ exceptionally, resulting in the film’s expression of values unlike those expressed in Shakespeare’s original text. Shakespeare’s play was written during the Elizabethan era, during which the belief that men were superior to women was prevalent. This concept is centralised in TTS, through incorporation

Scope and Time Management Plans Samples †MyAssignmenthelp.com

Question: Discuss about theScope and Time Management Plans. Answer: Introduction The project report is prepared for St. Dismas medical Center for the identification of the goals and objectives of the project. The project is developed for construction of a medical health center with all the modern treatment facility. The report consists of the scope stamen tent of the project and the work break down structure used for dividing the project into smaller manageable compounds and reduce the errors in the project. A schedule is created for the project for the estimation of the time line and the budget and it is followed for completion of the project successfully. Project goals and Objectives The project is prepared for St. Dismas Medical center for solving the current problem faced by the organization and help the organization to gain measurable profit. The main issues identified in the business case is the management of the admission rates and refurbishment of the current building infrastructure. The main goal of the company is the implementation of functional operational changes in the current business process for meeting the expected outcomes of the business. The objectives identified for the development of the project are listed below: To renovate the current building of the office within the budget estimated To analyze the current requirement and the schedule for arrangement of meetings and make the requirement clear The identify the hardware and the software required for the development of the project Project Scope Statement The project is developed by focusing on the different action that is required for the construction of the building. The project manager should monitor the progress of the project for completing it within the proposed budget and the time. A proper survey should be conducted for analysis of the market condition and the creating a list of resource required for the completion of the project. The services that should be provided and the technology that can be used for the project should be analyzed for reducing the errors in the project and reduce the effort off the development team. There are different assessment tools that can be used for accessing the requirement and meeting must be arranged with the medical representative for identification of the medical needs. Work Breakdown Structure (WBS) The work breakdown structure of the project is created for dividing the schedule into manageable component and assign roles and responsibility for the management of the task. The work break down structure helps the stakeholders to find the roles and responsibility they are assigned to the project and follow it for the development of the project. Project Schedule For the development of the project schedule the main resources identified are the Chief Finance Officer (CFO), Marketing Vice President (VP), the construction project manager and Chief Legal Council (CLC). For increasing the accuracy of the project development the responsibility is needed to be assigned and the progress must be monitored for the completion of each of the activity in time. Task Name Duration Start Construction project schedule 377 days Mon 09-04-18 Project initiation 76 days Mon 09-04-18 Furnishing Construction 3 days Mon 09-04-18 Facility in construction 4 days Thu 12-04-18 Foundation and excavation (basement/1st floor slab) 10 days Wed 18-04-18 Structure (steel/framing) 4 days Wed 02-05-18 Interiors (drywall/ceiling/flooring/case goods) 7 days Tue 08-05-18 units ready for occupancy preparation (light assisted) 6 days Thu 17-05-18 First 45 units ready for residents 7 days Fri 25-05-18 Remaining (light heavy) 57 units ready for preparation of occupancy 3 days Tue 05-06-18 Construction complete 4 days Fri 08-06-18 residential planning 5 days Thu 14-06-18 Building ready for residents 8 days Thu 14-06-18 Requirements for Licensing and Legal authorization 4 days Tue 26-06-18 Research licensing requirements for residential care facility 7 days Mon 02-07-18 Uniform accessibility standard compliance (# handicap accessible beds) 5 days Wed 11-07-18 Investigate law firm and outline services 4 days Wed 18-07-18 Project planning 97 days Tue 24-07-18 Preparation of project plan for getting license 4 days Tue 24-07-18 File license by opening date 7 days Mon 30-07-18 (Access to country Rd.) Curb - cut approval from the county 8 days Wed 08-08-18 Investigating the corporate structure for assisted in living 5 days Wed 08-08-18 Determination of membership for Board of Trustee 2 days Wed 15-08-18 Appointment of Board of Trustees 3 days Fri 17-08-18 Preparation of draft Code for Regulation 6 days Wed 22-08-18 Preparation of document and filing for governance structure 3 days Thu 30-08-18 48 Arrangement of Draft service with St. Dismas enlisting the services provided 4 days Tue 04-09-18 Lease issues 7 days Mon 10-09-18 Research on requirements for Long Term Care insurance 5 days Mon 10-09-18 Facility rules defined (i.e., smoking, fi rearms, pets, financial planning) 5 days Mon 17-09-18 Spell out changes for residents in moving from light to heavy assisted 8 days Mon 24-09-18 Preparation of Lease template 7 days Thu 04-10-18 Checking compliance of all marketing materials 2 days Mon 15-10-18 Planning for Operational Implementation 7 days Wed 17-10-18 Management/ Organization structure 4 days Fri 26-10-18 Recruitment hiring of Executive Director 6 days Fri 26-10-18 Analyzing Interior design issues (furnishings, etc.) 3 days Mon 05-11-18 Determination of lease and furnished details of the units 5 days Thu 08-11-18 Determination of interior budget 8 days Thu 15-11-18 Determination of Carpet and wall finish 4 days Tue 27-11-18 Furniture and room layout 7 days Tue 27-11-18 Other planning development 60 days Thu 06-12-18 Facility and equipment needs defined 5 days Thu 06-12-18 Staffing determined 7 days Thu 13-12-18 Office space for physicians 6 days Mon 24-12-18 Determination of 66 Medical staffing needs appointment of directors 5 days Mon 24-12-18 Food service 7 days Tue 01-01-19 Selection of menus 4 days Thu 10-01-19 Determination of Waiting and service staffing needs 8 days Wed 16-01-19 Analysis of additional equipment 4 days Mon 28-01-19 Deployment of telecommunications services 7 days Mon 28-01-19 Investigation on options of phone service 4 days Wed 06-02-19 Certification/ Accreditation requirements 4 days Tue 12-02-19 Investigation on the timing requirements of the applicants 8 days Mon 18-02-19 Development phase 40 days Thu 28-02-19 Development of clinical and operational quality monitoring systems 3 days Thu 28-02-19 Develop financial systems (billing, etc.) 4 days Tue 05-03-19 Human resources 7 days Mon 11-03-19 Work force management recommendations 7 days Wed 20-03-19 Project plan for recruitment developed 6 days Wed 20-03-19 Policies and procedures developed 4 days Thu 28-03-19 Obtain samples of assisted living policies and procedure from other institutions 5 days Wed 03-04-19 Investigate assisted living laws proposed 4 days Wed 10-04-19 other states/federal consideration 7 days Tue 16-04-19 Legal regulation consideration 61 days Thu 25-04-19 Technology information systems 4 days Thu 25-04-19 Develop plan for technology access for residents (TV, Cable, PC s) 7 days Wed 01-05-19 Investigate software/technology options 8 days Fri 10-05-19 Marketing planning phase 5 days Fri 10-05-19 Marketing 2 days Wed 22-05-19 Emailing the community for the construction project 7 days Fri 24-05-19 Arrangement of informal meetings 6 days Fri 17-05-19 Volunteers of St. Dismas 4 days Mon 27-05-19 Group of community 3 days Fri 31-05-19 St. Dismas staff (all shifts) 5 days Wed 05-06-19 Preparation of presentation for Speakers Bureau 14 days Wed 12-06-19 Updating the community 8 days Tue 02-07-19 Establishment of enquiry log 4 days Fri 12-07-19 Groundbreaking ceremony during National Hospital 5 days Fri 12-07-19 Marketing plan developed and implementation 31 days Fri 19-07-19 Establishment of contract with the PR firm 7 days Fri 19-07-19 Development of the marketing plan 4 days Tue 30-07-19 Determination of the name and sign for implementation of facility 5 days Tue 30-07-19 Hiring of Marketing Director 8 days Tue 06-08-19 Implementation of marketing plan 7 days Fri 16-08-19 Implementation of marketing plan 4 days Tue 27-08-19 Project closure phase 12 days Mon 02-09-19 stakeholders signoff 4 days Mon 02-09-19 Final project documentation 5 days Fri 06-09-19 Post project maintenance planning 3 days Fri 13-09-19 Conclusion From the above report it can be concluded that theproject management methodology is required to be followed by the project manager for the development of the project and delivering it on the proposed time and the budget. The requirement of the St. Dismal Medical Center project should be clearly understood for reducing the errors in the project. The construction of the new building for the accommodation of the patients and implementation of new technology for increasing the efficiency of the treatment procedure must be managed for the completion of the task. The finance manager should control the flow of the cash and estimate the investment for calculating the return of investment on the project. Bibliography Alexiou, S., 2017, April. How an impact plan can build on the success of your project-from proposal to legacy. InEGU General Assembly Conference Abstracts(Vol. 19, p. 14635). Fellows, R.F. and Liu, A.M., 2015.Research methods for construction. John Wiley Sons. Parks, M., 2016. Project Proposal: The Effect of Semantics on Word Order. Thamhain, H.J., 2014. Assessing the effectiveness of quantitative and qualitative methods for RD project proposal evaluations.Engineering Management Journal,26(3), pp.3-12. Walker, A., 2015. Project management in construction. John Wiley Sons. Yet, B., Constantinou, A., Fenton, N., Neil, M., Luedeling, E. and Shepherd, K., 2016. A Bayesian network framework for project cost, benefit and risk analysis with an agricultural development case study.Expert Systems with Applications,60, pp.141-155.