community Technology Hub
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Macquarie University *
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Apr 3, 2024
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Community Technology Hub
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Table of Contents
Executive Summary……………………………………………………………………………3
Qualitative Analysis…………………………………………………………………………….4
Project Concept…………………………………………………………………………………5
Costs……………………………………………………………………………………………..8
Major Risks………………………………………………………………………………………8
Timescale…………………………………………………………………………………………9
Conclusion………………………………………………………………………………………10
References………………………………………………………………………………………12
2
Executive Summary
The Community Technology Hub project is a plan to build a community hub that offers a specific
group access to technology and training in digital skills. A weighted scoring approach was used to analyze the project, and it was discovered to have substantial advantages for the neighborhood, the stakeholders, and the investors.
Furthermore, a SWOT analysis was performed and effective risk management measures have been implemented to mitigate the identified risks despite the project's possible dangers and limitations. The project comprises distinct milestones that give the project team a path for completing the work effectively within the allotted two years. Overall, Charles Darwin University representatives should accept the Community Technology Hub project because it has the ability
to create cash while also helping the community.
3
Qualitative Analysis:
The NPV (Net Present Value) method is a method for qualitative analysis and can be expressed
as the total of the discounted net cash flows over the lifetime of a project and also allows investors to objectively evaluate the efficacy and feasibility of the project. (Tianle, 2022). It is one method that is to be used to calculate the viability of the Community Technology Hub project.
By accounting for the time value of money, NPV determines the present value of projected future cash inflows and outflows. For example:
Initial Investment: Cash Inflows: Membership fees, training and education revenue, and events revenue (estimated
to be 250,000 AUD per year)
Cash Outflows: Equipment, software, and staff costs, marketing and promotion costs (estimated to be $200,000 AUD per year) Discount Rate: 10% (opportunity cost of investing in the project)
Using these assumptions, we can calculate the NPV of the Community Technology Hub project as follows:
Year 0: -500,000
Year 1: 250,000 / (1 + 10%) = 227,272.5
Year 2: 250,000 / (1 + 10%)^2 = 206,610
Year 3: 250,000 / (1 + 10%)^3 = 187,827.5
NPV = -500,000 + 227,272.5 + 206,610 + 187, 827.5 = 121,710
The positive NPV value indicates that the project would most likely be viable, as it is generating more cash inflows than cash outflows, considering the time value of money. Therefore, further analysis or adjustments to increase its viability may be encouraged, such as revising the pricing strategy, increasing revenue streams, or reducing costs.
4
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