Assessment-
Part 1: Prepare an 800 word written report discussing the following:
- How has your budget matched up with actual figures?
- What figures have been overestimated / underestimated?
- What business milestones have been met or have fell short?
Part 2: You must now adapt your original budget to incorporate and respond to the information given to you by your builder. Undertake the following tasks:
- Give a detailed comparison of budgeted forecasts and actual figures for project commencement to lock-up stage period - include comparison trends and other graphs as required to demonstrate the information clearly and demonstrate validity of analysis.
- Prepare and analyse the budget variances
- Prepare a recommendation to your builder regarding his business' performances and
- Complete a reviewed budget taking into account the latest figures. Your builders goals are skill the same - is he on track? If not, what needs to be dome for your builders project to get back on track? Are his goals too unrealistic? Complete a feasibility report answering these questions.
- Prepare a report to give to your builder (instructor) with your recommendations.