ASSIGNMENT#3

NAME AMJAD ALI

SUBJECT OPERATION MANAGEMENT
TOPIC FORECASTING

SUBMITTED TO: MR. USMAN SHAHID

 GLOBAL VILLAS
(A PROJECT OF AL-RAHEEM DEVELOPERS)

Introduction
Global villas is a housing project. The project is lead by Al-Raheem Developers. Its located
as Sahiwal near DHQ hospital Noor shah Road. This Project is currently covered 30 acres of
land.

Forecasting System

The project developed his forecasting under the these seven steps:

 Determine the use of forecast

We used forecast for project completion or sales of project for budget required or profit
forecasting how much we earn. And also decision make about staffing on sub-project.

 Select the items to be forecast

For global villas there are five main sub-project in the project. A forecast of completion of
roads in global villas, completion of electricity work, completion of community center or
mosque, sewerage or SUI gas or Park. Forecasting for the labor, scheduling or budget.

 3-Determine the time horizon of the forecast

Global villas develops the monthly and annually forecast.

1- Monthly expense of the office kitchen

2- Monthly expense of office bikes or care use fuel
3- Repair and maintenance of office
 Annually Forecast
1- Sales forecasting (total no, of plotes sale in first year)
2- Development work in society (completion of development work)
3- New project panning (starting of new project after this)

 Select the forecasting model

We used most of the quantitative method. Because we have all previous data of the project
which we started as new. The current project s global villas before it we also have experience
same like town azaan city.
  Gather the data

There three members of our project who just work to get the data to analyze how the project
is effective or not and also collect data for forecasting to the total life of the project total
earning from this project.

They collect data from the past experience and also from the other business mans.

 Make the forecast.

 Validate and implement the results:

After making the forecasting we review every month how its near to our forecasting and how
its match .where we need to improve also. And we check how its effective or valid.

If we complete the project with in our prediction or achieve or selected goals with in time
then we apply in our next project