Corporate Goals and Projects are getting advanced and complicated as your business grows every day. That is why Project Planning is very important to help you decide and complete a project, as well as reach your objectives successfully. Usually, the process of project management may not be given the utmost attention it needed in the company leading to the increasing difficulty to stay organized and afloat among pending corporate projects.
Project Planning is a powerful tool that can bring many benefits to different kinds and types of businesses. It basically defines how your project should be executed, evaluated and managed so as to get the best results. It also gives you quotable instructions, techniques and processes to help you better manage all aspects involved in your projects. Most importantly, it can increase your chances of success and help you deliver high quality projects efficiently, on time and budget. Here are some notable advantages of using a project plan template in google sheets: 1. Risk Reduction through planning – The main purpose of using project plan templates is to identify potential risk and problems even before they happen or occur on the project itself. This tool is there to guide and provide clearer view how they should act upon a project. 2. Saves time by utilizing a standard template - Eliminate an awful lot of time of developing a project plan template just by using a standardized project plan template. Just customize and adjust the events and values to reflect the expected results. 3. Effective Team Collaboration – A project plan template in google sheets would be your best strategy to for effective team communication and effort. Consolidate all work in one google sheets document and every team member can easily access and edit it. The needless tension and additional work is significantly minimized due to good communication and strengthened team cohesion. 4. On schedule and maintains budget – Effective project planning can surely help the organization be always on top of all schedules works and projects since you can now easily evaluate and manage a project. Also, planning will allow you to better organize and maintain your cost and expenses at a budget. 5. Increases end users satisfaction – Using an excellent project planning tool in documenting and communicating the project to clients and investors, ensures that projects expectations are being met.This helps you to answer their questions in a much more timely and assured manner regarding the progress of a project. Overall, using a project plan template in google sheets supervises the preparation, coordination, and execution of a corporate project. Whichever entity you work in, the team will benefit from following the fundamentals of a project management plan.So taking the time to prepare the project correctly would help prevent possible complications and potential failures. eFinancialModels offers free and paid project plan templates that can be very useful if you need help of a project plan for all kinds of projects. Using these templates for your next project, you can surely see a difference that contributes to the success of your company.
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Strategic Financial Planning is necessary as it is vital in making critical business decisions that affects the company as a whole. Using the right and effective tools for managing, tracking, analyzing and evaluating financial data helps owners and managers to do the right decisions. One most commonly used tool by business owners is Financial Spreadsheets. It’s so popular especially in inputting and tracking important data, although subject to some limitations.
A previous Google Survey of 2,000 American adults asked “What tool do you use to track your finances?” This survey concludes that 14% of Americans use spreadsheets to track their finances (approximately 24 million US Citizen as of data taken from July 2018. Financial Spreadsheet Templates is very popular mainly because of the advantages and benefits it can offer to business owners and managers. Microsoft Excel is usually used to input, evaluate and visualize financial data. Having set of data like financial, statistical and numerical, Excel Spreadsheet is the best way to do it, because not only you can use it as a financial representation, but also you can work and manage those data. Spreadsheet Templates are so flexible that you can use it on various complex processes and scenarios. Here are some advantages of using financial spreadsheet templates: 1. Spreadsheet Templates are your Lifetime Financial Tool - it’s important that you have tools that will help you along towards your financial prosperity. Templates can be used for long term, on every point at your financial journey, to always help and guide you in making analytic decisions. 2. Simple and Easy to Use - Spreadsheet are very simply to use and is usually utilized for data collection and organization. Financial Data can be input in neat rows and column, and can be sorted or categorized. Most importantly, Spreadsheet Templates can allow vast amount of financial information to store in it, but can still looked very presentable and organized. Furthermore, 3. Graphical Displays of Data –Spreadsheet enables user to generate visual representation and graphs of the data for easy analyzation. It offers hundreds of ways to do it - from different charts, to bar graphs, you decide! 4. Track multiple finances in one place - Be able to track multiple financial data all in one place. This enables for easy evaluation and analyzation since you only need to glance in one spreadsheet. It also allows for data interconnection and simultaneously track from different spreadsheets. 5. Streamlined Calculations - The main purpose of using spreadsheet in making financial decisions, is it calculates financial values quickly and easily. It simply does all the math for business owners and managers. Just set up the values and equations, and you will get instant results for a quicker creation of economic decisions. 6. Financial Forecasting -Large corporations need to have solutions for financial forecasting that allow them to plan their finances for months in advance. Excel's budgeting tool includes a regression analysis solution that allows users to forecast sales for a particular product for the upcoming year. 7. Team Collaboration - Currently, work environment mostly requires multiple users to access the same data and information to work on. Microsoft Excel Spreadsheet can easily be shared to anyone, but only at a single time, if changes where to be made. Therefore, Google Sheets is a great solution for multiple users to see and edit the same file at the same time. 8. Linking related spreadsheet and data - As mentioned earlier, one great benefit of working with spreadsheet is that it can easily be linked to other sheets, or even spreadsheets. This is most important if you need tons of data interconnection in one main document, for example, creating financial statements with required supporting sheets and data. 9. Personal Modification - Working with spreadsheet gives users freedom for personalization, especially if a certain brand is needed to be incorporated. Be able to modify the colors, fonts, rows, columns and others. 10. Time Period Comparison - Since Spreadsheet Templates can be used for long-term, you can also utilize this tool to track and compare your financial data in different time periods. Where to get Financial Spreadsheet Templates? The best feature of spreadsheets templates that is admired by many corporate users is its flexibility. Spreadsheets provide ultimate flexibility for how you track your financial life. Incorporating spreadsheet templates into everyday tasks, making your job streamlined and easier to manage your budgets and finances. eFinancialModels offers a wide variety of Financial Spreadsheet Templates perfect for any kind of niches and industry to help you with your finances, budgeting, forecasting, and other financial decision related needs. Real Estate Development is a complex process that involves series of steps. Originally, it is just a concept, and after putting all the work together, the result will be a fully developed property ready to be purchased or leased. The property developed could either be residential or commercial property. Commercial properties tend to be more complex as they need to be built in much stronger specifications, requiring larger investment.
Steps in Building Real Estate Development Financial Model Financial Modeling for Real Estate Development is pretty complex, which require clarity and accuracy in projecting the cash flow of a particular project. Cash flow for real estate development shall include determination of the following assumptions of revenue build-up, expenses, financing, and levered free cash flow. Let’s get into details. 1. Revenue Build Up Assumptions Revenue is the first thing we need to calculate to find out unit absorption or the number of townhouse available in a given period and closings or number of Townhouse closed once construction is complete. Here is the formula:
2. Expenses Assumptions This includes all the development cost incurred in the development of the project, such as land acquisition cost, pre-construction expenses, and construction costs.
3. Determine the Cost of Fund and Proceeds to Repay the Capital The cost to fund is the pitfall in the project cash flow. Like all other businesses,cash flows should always be positive as we cannot proceed with the project without enough cash. The cash flow generated from revenue should be enough to cover the development cost and repayment of borrowed capital.
4. Calculate for Financing Compute the loan balances, repayments, and accrued interest. Create a table that contains the following details and ensure that the ending balance shall not exceed the maximum amount of loan. 5. Determine Free Cash Flow Calculate for the levered free cash flow
Equity Balance is simply the cumulative FCF
7. Calculate Levered IRR
Conclusion: Financial modeling for real estate development requires a well-structured template Financial modeling for real estate development is a complex process where a lot of things could go wrong. Developers earn a bunch of money because it’s not simple to develop a property, and few have perseverance, skill, and financial ability to do it. Thus, the financial model shall coincide with the complexity of the real estate development business. It should be a well-structured template built-in flexibility to derive results accurately. |
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January 2021
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