Basically, the PESTEL analysis will use to analyze the factor for my Task 1- Key consideration for the development. And the SWOT analysis will use for the Task 2- Development proposal. 

In the PESTEL analysis, the difficult part is the Political, Legal and Economic. These 3 factors need more time to study and investigate, which I don't really know or understand about the Sheffield Politic, employment law and the Sheffield economic. The Sheffield government policy is one of the headache which included conservation policy, taxing policy and sustainability & environmental policy may take more time to study and digest the information.

From the point of Legal, I also need to understand the government registration requirement, whether there have any conservation areas in Sheffield, and also the health and safety regulation which will arise the neighboring dispute due to the noise or air pollution that affected the adjacent building.

Eventually, the Economic issue is the most headache which I have no idea how to relate the economic issue with my proposed development. Therefore, I am just using the ideas from the seminar which talking about the payback period, Project cost, market demanding on Sheffield and also the economic growth in the country.

-----Please feel free to visit my\Padlet wall presentation-----

The Higher,Ed CIO,2011

The calculation is always my weakness in my student life, since my this Integrated assignment will related to the economic again, I got to recall back what I learn during my Study in Malaysia. There is always some formula make people headache, especially the Property Economics and Valuation which involved some formula to calculate the Payback Period (PBP), Average Annual Percentage Rate of Return (AA%RR), Net Present Value (NPV) and also the Internal Rate of Return (IRR).

Through this lesson, I was recalling what was I learned in Malaysia college. Previously I have learned the basic of this calculation, this makes me easier to understand how to apply those methods for appraising the project viability. This assignment has lead me to discover how importance of the NPV and IRR, the higher of NPV and IRR is more worthy to be invested.

This lesson had taught how to evaluate the project by using all this method, and it assists me in assessing the economic viability of a project which I can apply in my future career. This has helped me to improve my cost management skill as required under the CIOB professional competence framework.

To date, one of the critical consideration is about the sustainable development. As I know the Sheffield city is taken very vital in the sustainable building which definitely different with my homeland Malaysia. The Sheffield construction always spends more time on how to construct a sustainable green development. Thus, for our good sake, our tutor had   provided us a sustainability statement by the Sheffield City Council.

-----Please feel free to visit my Padlet wall presentation-----

The Higher ED CIO, (2011) Project Selection Criteria Using ROI, NPV, IRR and Risk. [online]. Last accessed 7 8 2014 at: http://blog.thehigheredcio.com/2011/10/30/project-selection-criteria/#ixzz39pEC2eUl

Through this lesson, I think I got the better understanding what is Sustainable development. Basically, most of the people will take that the Sustainable development means green development likes green building with green wall, recycle material. But from this lesson, I understand that actually Sustainable is a core concept with link together with others aspect likes Social, Environmental,and Economical. They all are commensalism. (Development, 2014)

So this new knowledge that I have gained, actually help me to look at my proposed development site in a different way. Besides that in this lecture I also learn that "Preventing is Always Better Then Curing", as most of the time curing cost more to rectify a problem which occur, and sustainable's intention is wanting us to utilize our resources and produce the maximum output, and during the planning stage we have to see how well can the proposed method help save the environment in the long run. With this it help me to look and access an environment more detail which is part of the competencies required by CIOB.

BOMA (2014), SUSTAINABILITY, [online] Last accessed: 9/6/14 at

http://www.boma.org/sustainability/PublishingImages/Sustainability%20Header.png

Developement (2014), What Is Sustainable Development [online] Last accessed: 9/6/14 at http://www.sustainabledevelopmentinfo.com/

-----Please feel free to visit my\Padlet wall presentation-----