Venture Projects Economics and Finance - Myassignmenthelp.Com

Question: Discuss about the Venture Projects Economics and Finance. Answer: Introduction With the development of innovation and science there has been construction of various projects throughout the world keeping in mind the main objective of to enhance the operational and financial structure of the world. It has been viewed that there are different projects that have been built with a specific end goal to fabricate new structures and innovative products that would improve the way of life of the people residing globally (Marglin, 2014). This paper hence has been established so as to embrace a critical assessment of a sustainable venture that is performing in the country of Australia so that a lucid idea regarding the project background and the aims and goals of the project can be conceived. The evaluation of the economic assessment and techniques and equipments would even be explained and the cost benefit analysis in relation to the project can even be understood with regards to the goal in order to obtain a clear idea. The project is about the incident of creating a busi9ness in Australia and hence the team members are said to construct the cost benefit as well as the economic analysis. The project has been constructed by assessing the literature review where the economic as well as the cost benefit analysis has been portrayed. This paper has considered Smart Watch project in Australia that has been functioning from the year 2012 and has still been going on in order to gain precise knowledge about the costs and the economic tools used for the establishment of the same. Project Background This venture has been undertaken by computing numerous researches within the market of Australia and thereafter establishing the review of literature. With the development of science and technology there has been introduction of various new products that are becoming useful in our daily life as well (Nas, 2016). The concept of Smart Watch has been in the mind of the developers for a very long time as they had a desire of providing a variety of features within a watch which would lower the burden of carrying various articles for a human being. The project in relation to the development of Smart Watch has been initially undertaken by the private sector organizations that are functioning in the country and they have the idea of developing new and improved features within the watch that would look into our personal as well as fitness life. It has been observed that Australia has a market that is a vibrant and a free democracy and has been rising ever since. The economy of the country had a set back during the initial period of the establishment of the project but as the years have passed there has been a rapid development and this has motivated the investors as well as the stakeholders to undertake further investments in such innovative projects (Mishan, 2015). The idea of the project has been sustainable addition of new and improved features that would be useful to mankind and therefore this project has still been going on with various researches taking place each and every day in order to bring out the best possible product for the same. The delivery of such product in the market would mean enhancement of the lifestyle of mankind and in that manner development of the economy as a whole (Griffin, 2016). This project is a private sector venture and Technocrat is the organization who is liable for the design and, maintenance, financing and operational activities that are common for the deliverance of the project. This project would enhance the value for money property and would lead to rise in quality products in the Australian market. Project Objectives and Justification The development of the project has been to improve the lifestyle of the consumers of the country and enhancing the confidence and the satisfaction level of the communal societies with the help of a variety of other features that reduce the level of reoffending. The venture has shown a significant level of investment in the manufacturing and the services of the Smart Watch with the assistance of Technocrat, which would lead to deliverance of innovative and improve products. The project is fundamental in giving economic benefits and raising the level of employment within the country as there are scope of employment of around 800 employees during the initial stages of the development of the product and later on an additional of 100 employees would be essential for the sales, promotion and marketing of the product in the economy of Australia. The objective of the venture has hence been discussed below: Provide added capacity in the technological industry Provide added features to the consumers of the country Provide supplementary capability in order to lower the level of reoffending Motivate in procedures and practices that are innovative in nature and efficient operations that would raise the value for money The justification for the undertaking of the project has been to improve the lifestyle of the consumers and to make a healthy and a happy environment for the existence of the society. Assumptions, Constraints and Expected Outcomes The construction of the project has been possible by looking at the assumptions and the financial capability. The assumptions of the venture has been gaining knowledge about the financial scenario of the organization undertaking the venture and the number of members who are functioning in the development of the product that would be helpful in delivering the project within the stipulated time period. There are several challenges and risks associated with the venture as well like the challenges with respect to the planning of the venture, gaining various permits and approvals for the initiation of the project etc (Keohane, Olmstead 2016). The other risks involve the risks related to the design and the financial and the activity based risks that can be very harmful for completing the Smart Watch project. The anticipated outcome would be that the expansion in the market of smart watches would act as drivers for the organizations to establish smart watches more for selling them in the Australian market. It has been anticipated that this business would even be reaching the breakeven point within certain years after its initiation of their operations and would then look to create profits for them. Literature Review The review of literature would contain the different information with respect to the equipments and devices that have been utilized by the venture on request to decide their operational exercises and to construct the economic assessment and the cost benefit assessment of the Smart Watch project. This area of the paper would give a broad research and assessment of the present worth, cash flows, internal rate of return alongside the profitability index and techniques of business development and their appropriate procedures with the goal that the venture can be finished up accurately. The utilization of the MADM and MCDM financial assessment process would be powerful to understand the procedure that would be utilized as a part of request to comprehend the present financial and the economic scenario of Smart Watches in Australia. The venture clarifies about the review of the literature and the clarification with respect to the economic investigation and the cost benefit examination of the Smart Watch Project. A small outline of the model of risk evaluation of Smart Watch project in Australia will be talked about in this area. The procedure of economic investigation are characterized as the scientific and measurements and designs. The economic analysis depends on the different strategies for the sensitivity of the economy and keeping in mind the end goal to make efficient identification of the comparative information and therefore it is fundamental to explore at least two procedures. Overview of Project Economical Analysis Techniques and Tools Australia is viewed as a vivacious free democracy of the market and there has been a dynamic economical advance that has been conceivable because of nonattendance of any kind of recessions. The successful procedure of the legislative system of Australia has been helpful for the economy and a free well-working lawful framework, bureaucracy has been the key factor for efficient entrepreneurial upgrade. Australia is considered as an alluring and dynamic country for investment. In the greater part of the situations, the legislature has diminished the level of investments and has motivated the private segment to attempt investments in various innovative projects (Posner, 2014). This has been seen in the Smart Watch Project where ventures are embraced essentially by the private sector. Australia has been successfully aggressive in the technological aspects of manufacturing of products and services. The rate of income tax is 45% and the rate of corporate tax has been 30%. One of the hopeful parameters of venture start ups in Australia has been rate of start up being higher as they have the likelihood leading to the development. The new business projects in Australia like the varieties in sources of funding and ventures like the Smart Watch Project tries to influence utilization of the equity finance amid the primary phases of the developments. The nation has been encountering issues and shocks in the amid the previous couple of years yet in the first quarter of 2017, the economy has recouped from this circumstance and this has seen a rise in the business confidence and the investors as well as the consumers in this manner would positively affect the investments in the business and expenditure of the investors (Morgenstern, 2014). The Australian economy is thought to be inside a strong base notwithstanding the different shortcomings in the ventures that are in nature non-mining. As for Smart Watch project in Australia it has been watched that the under taking has been encountering development and as this is an on-going procedure and this has prompted to rise in investments. The Australian economy has remained firm and has been developing despite the ascent in the cost of petrol and this has prompted the fall in the disposable income for the customers. The economy of the nation has been rising with the ascent in the interest rate which is being utilized for decreasing the inflation rate. The development of the economy has been conceivable as the government has been reducing the taxation rate (Blau et al., 2013). This would energize the financial investors of the business ventures to expand their interests in the Smart Watch project. This has prompted the development of the smart watch more successfully. The investigation of the Smart Watch has been conceivable with the help of economic analysis like the development of the factors that are accessible in the venture and the personalities, capacities and the equations that have been f ound in the venture report of Smart Watch Project. The economic analysis of the venture has been conceivable by taking a look at the costs and the aggregate funding that has been embraced for the conclusion of the venture. The table beneath would show an overview of the valuation of the project: Particulars Amount Residual Value Non-Current Assets: Trademark 400000 0 Patent 700000 0 Property,Plant Equipment 14000000 4200000 Furniture Fittings 900000 135000 Motor Vehicle 1400000 560000 Computer Equipment 1400000 0 Preliminary Expenses: Business Registration 90000 License Fees 140000 Deposit for Electricity 90000 90000 Deposit for Telephone Internet 40000 40000 Recruitment Cost 20000 Share Issuance Cost 25000 Bond Issuance Cost 10000 Other Miscellaneous Expenses 65000 Working Capital: Purchase of Raw Material 18000000 Wages Salaries 13500000 Manufacturing Overhead 8250000 Selling Marketing Expenses 547750 General Administrative Expenses 304750 40602500 TOTAL START UP COST 59882500 Capital Funding: Equity Capital 26947125 5 yrs. Bond 19761225 Loan From Bank 13174150 TOTAL CAPITAL EMPLOYED 59882500 The timeframe that has been assigned to the employees who are functioning in the Smart Watch project has been provided in the table below, which would act as a guideline of the procedures that would be undertaken for the completing the venture within the stipulated time. Assignment Start date Submission Duration Start up 1/03/2017 7/03/2017 1 week Activity 1- Researching the Australian markets and its economic scenario 08/03/2017 12/03/2017 4 days Activity 2- Financial evaluation of project 13/03/2017 30/03/2017 3 week Activity 3- Determining the financial viability of project by selecting the best alternative 31/03/2017 09/04/2017 2 weeks Uniform Annual Cash Flow The annual cash flow that is equivalent in nature for Smart Watch project consists of the inflow and the outflow of the cash. The cash flow gained from the operating activities means the payments that have been given to the suppliers and the cost related to direct labor. The annual cash flow of this project has been provided below: CASH FLOW STATEMENT: Particulars Year 1 Year 2 Year 3 Year 4 Year 5 Cash Flow from Operating Activities: Cash Sales $42,000,000 $46,063,500 $50,520,144 $55,407,968 $60,768,688 Collection from Debtors $57,750,000 $68,587,313 $75,223,135 $82,500,973 $90,482,942 Cash Purchase ($14,400,000) ($15,793,200) ($17,321,192) ($18,997,017) ($20,834,979) Payment to Suppliers ($18,000,000) ($23,341,500) ($25,599,790) ($28,076,570) ($30,792,978) Direct Labor Cost ($24,750,000) ($29,394,563) ($32,238,486) ($35,357,560) ($38,778,404) Manufacturing Expenses ($16,500,000) ($18,096,375) ($19,847,199) ($21,767,416) ($23,873,413) Insurance ($11,000) ($11,275) ($11,557) ($11,846) ($12,142) Rates Taxes ($5,500) ($5,638) ($5,778) ($5,923) ($6,071) Salary of Office Staffs ($82,500) ($92,063) ($94,364) ($96,723) ($99,141) Cleaning Charges ($4,000) ($4,100) ($4,203) ($4,308) ($4,415) Electricity for Office ($12,833) ($14,321) ($14,679) ($15,046) ($15,422) Telephone Internet ($6,417) ($7,160) ($7,339) ($7,523) ($7,711) Salary of Marketing Staffs ($128,333) ($143,208) ($146,789) ($150,458) ($154,220) Sales Commissions @1.5% on Sales ($525,000) ($575,794) ($631,502) ($692,600) ($759,609) Travelling charges @2% on Sales ($262,500) ($287,897) ($315,751) ($346,300) ($379,804) Income Tax Expenses ($5,760,051) ($6,490,091) ($7,287,756) ($8,159,959) ($9,114,240) Cash Inflow/(Outflow) from Operating Activities $19,301,866 $20,393,629 $22,216,894 $24,219,693 $26,419,082 Cash Flow from Investing Activities: Purchase of Non-Current Assets ($18,800,000) Preliminary Expenses ($480,000) Sale of Assets $4,895,000 Return on Deposits $130,000 Cash Inflow/(Outflow) from Investing Activities ($19,280,000) $0 $0 $0 $5,025,000 Cash Flow from Financing Activities: Share Issue $26,947,125 Bonds Issue $19,761,225 Loan From Bank $13,174,150 Interest Payment ($2,634,830) ($2,634,830) ($2,634,830) ($2,634,830) ($2,634,830) Dividend Payment ($4,704,042) ($5,300,241) ($5,951,667) ($6,663,966) ($7,443,296) Repayment of Bond ($19,761,225) Repayment of Loan from Bank ($13,174,150) Cash Inflow/(Outflow) from Financing Activities $52,543,628 ($7,935,071) ($8,586,497) ($9,298,796) ($43,013,501) Net Cash Increase/(Decrease) for the period $52,565,494 $12,458,558 $13,630,397 $14,920,897 ($11,569,419) Add: Opening Cash Balance $0 $52,565,494 $65,024,052 $78,654,448 $93,575,346 Closing Cash Balance $52,565,494 $65,024,052 $78,654,448 $93,575,346 $82,005,926 Net Present Value (Present Worth) The net present value (NPV) for this venture has been provided with respect to the current rate of inflation, the present growth rate and the percentage of WACC. The NPV value for the venture has been 117309330 and this value has indicated that the project has been running successfully with the variations of the various economic factors. Internal Rate of Return (IRR) The Internal Rate of Return of the Smart Watch venture has accounted for 44.43%, which suggests that the venture has a positive impact and the venture can be feasible for additional investments. The rate of internal return would vary with respect to the transformations in the rate of inflation, rate of growth and WACC. The value of IRR has revealed that investments can be efficient in the Smart Watch Project as there is demand in the market for innovative products and hence would influence the investors to make further investments into the venture. Modified IRR The modifications in the rate of IRR are possible with the changes in the rate of inflation, WACC and rate of growth. The transformations in these economic factors would mean changes. The other factors can be rise in the level of investments and as well as profit from sale of the product that has an influence in the rate of change in the IRR. The rise in the IRR would mean that the project has been doing well and hence would be beneficial if any investor undertakes investments in these projects. Cost Benefit Analysis The cost benefit assessment has been found to be the method with the assistance of which the decisions related to the business can be analyzed (Dunn 2015). The benefits of this actions and situations that are associated with the business are added and then the expenses associated with the implementation of the action are assessed. The cost benefit analysis of Smart Watch project has been assessing the entire costs that are associated to the venture and then assessing the income that are created by taking help of the financial institutions and the profit from the sale of the products. The evaluation of the cost of shown below: Particulars Year 1 Year 2 Year 3 Year 4 Year 5 Inflation Rate 2.50% 2.50% 2.50% 2.50% Sales Growth Rate 7% 7% 7% 7% Sales Volume 30000 32100 34347 36751 39324 Selling Price Per Unit $3,500 $3,588 $3,677 $3,769 $3,863 Total Sales Revenue $105,000,000 $115,158,750 $126,300,359 $138,519,919 $151,921,721 Cost of Good Sold per unit: Raw Material Consumed ($1,200) ($1,230) ($1,261) ($1,292) ($1,325) Direct Labor Cost ($900) ($923) ($946) ($969) ($993) Total Cost of Goods Sold p.u. ($2,100) ($2,153) ($2,206) ($2,261) ($2,318) Total Cost of Goods Sold ($63,000,000) ($69,095,250) ($75,780,215) ($83,111,951) ($91,153,033) GROSS PROFIT $42,000,000 $46,063,500 $50,520,144 $55,407,968 $60,768,688 Variable Manufacturing Overhead p.u ($550) ($564) ($578) ($592) ($607) Total Variable Manufacturing Overhead ($16,500,000) ($18,096,375) ($19,847,199) ($21,767,416) ($23,873,413) Depreciation on Property,Plant Equipment ($1,960,000) ($1,960,000) ($1,960,000) ($1,960,000) ($1,960,000) Total Manufacturing Overhead ($18,460,000) ($20,056,375) ($21,807,199) ($23,727,416) ($25,833,413) General Administrative Expenses: Depreciation on Furniture Fixtures ($90,000) ($81,000) ($72,900) ($65,610) ($59,049) Depreciation on Computer Equipment ($168,000) ($147,840) ($130,099) ($114,487) ($100,749) Amortization of Patent ($80,000) ($80,000) ($80,000) ($80,000) ($80,000) Amortization of Trademark ($140,000) ($140,000) ($140,000) ($140,000) ($140,000) Insurance ($11,000) ($11,275) ($11,557) ($11,846) ($12,142) Rates Taxes ($5,500) ($5,638) ($5,778) ($5,923) ($6,071) Salary of Office Staffs ($90,000) ($92,250) ($94,556) ($96,920) ($99,343) Cleaning Charges ($4,000) ($4,100) ($4,203) ($4,308) ($4,415) Electricity for Office ($14,000) ($14,350) ($14,709) ($15,076) ($15,453) Telephone Internet ($7,000) ($7,175) ($7,354) ($7,538) ($7,727) Total General Administrative Expenses ($609,500) ($583,628) ($561,156) ($541,708) ($524,949) Selling Marketing Expenses: Depreciation on Motor Vehicle ($168,000) ($147,840) ($130,099) ($114,487) ($100,749) Salary of Marketing Staffs ($140,000) ($143,500) ($147,088) ($150,765) ($154,534) Sales Commissions @0.5% on Sales ($525,000) ($575,794) ($631,502) ($692,600) ($759,609) Travelling charges @0.25% on Sales ($262,500) ($287,897) ($315,751) ($346,300) ($379,804) Total Selling Marketing Expenses ($1,095,500) ($1,155,031) ($1,224,439) ($1,304,151) ($1,394,696) Net Operating Profit/(Loss) $21,835,000 $24,268,467 $26,927,349 $29,834,692 $33,015,630 Interest Expenses: Interest on Bond ($1,383,286) ($1,383,286) ($1,383,286) ($1,383,286) ($1,383,286) Interest on Loan From Bank ($1,251,544) ($1,251,544) ($1,251,544) ($1,251,544) ($1,251,544) Total Interest Expenses ($2,634,830) ($2,634,830) ($2,634,830) ($2,634,830) ($2,634,830) Net Profit before Tax $19,200,170 $21,633,637 $24,292,519 $27,199,862 $30,380,800 Income Tax Expenses ($5,760,051) ($6,490,091) ($7,287,756) ($8,159,959) ($9,114,240) Net Profit after Tax $13,440,119 $15,143,546 $17,004,763 $19,039,903 $21,266,560 Gross Profit Margin 40.00% 40.00% 40.00% 40.00% 40.00% Net Profit Margin 12.80% 13.15% 13.46% 13.75% 14.00% Return on Equity 49.88% 56.20% 63.10% 70.66% 78.92% Other Decision Making Models - Multi-Attribute Decision-Making Model There are different decision making frameworks that are accessible to the management of the ventures so as to assess the operations of the venture and embrace decisions appropriately. The utilization of the decision framework is subject to the management and the management undertakes effective use according to their requirements in the expansion of the Smart Watch project. There are different models that include the Multi-Attribute Decision Making Model, Multi-Criteria Decision making Model, Analytical Hierarchy Process and so forth (Dixon et al., 2013). These frameworks can be utilized as a part of an efficient way for Smart Watch Project and effective decisions concerning the operational exercises can be developed, which would mean the conclusion of the venture before the due date appointed. MCDM in Financial Decision Making for Projects The MCDM procedure makes utilization of tools and mechanisms that assists in the nature of the financial method for the process of economic making of decisions and to the nature of the resulting decisions (Coates IV 2014). MCDM considers issues associated with the financial decisions as a multiple criteria as problems related to the financial decisions happen because of the mistakes in various figures of accounting, which could affect the financial statement of the Smart Work Project. These issues for the most part emerge because of the compelling task of the insufficient capital and the substitute usage of the assets. Thus, it is fundamental for the management of the Smart Watch project to look in to the designated assets in an efficient way by taking help of this model as this would be effective to use the resources needed for the undertaking in the areas were these resources require more importance so the venture can be finished inside the stipulated time and the every last part o f the venture gets equivalent significance according to the requirement. MADM The Multi Attribute Decision Making framework is a critical piece for the innovative decision for science. It expects that there is different arrangement of substitutes for the different traits, which the management who are making decisions requires to assess and analyse. The objective of this model has been to find the requested substitute for helping the procedure of decision making. The issues that have been related with the MADM has been corrected by taking assistance of the conventional procedures like the analytical hierarchy process, simple additive weighing method and TOPSIS method (Campbell, Brown 2015). The MADM procedure investigates the distinctive features associated with the venture as opposed to the cost. In this situation, it has been watched that Smart Watch Project has looked in to the traits of providing innovative products to the consumers of Australia so that they can improve their standard of living and have a better life for themselves. It is even observed tha t caring for the essential requirements of the consumers by providing all the beneficial services within a watch is an effective process for the expansion of the project as well increase in the revenue of the project and the organization as well. Analytical Hierarchy Process (AHP) The Analytical Hierarchy Process is a method that is organized for assessing and sorting out the decisions that are in nature complex and this has been completed by relying upon the scientific procedure (Pearce et al., 2013). Concerning the Smart Watch Project, the fundamental goal has been to build a multifunctional smart watch that would be beneficial for every consumer with a stipulated time and at an economical cost. It is seen that different criteria are built by taking a look at the cost, effectiveness and demand (Sderqvist et al., 2015). These perspectives would be taken into in picking the best substitute technique that would be utilized by the management keeping in mind the end goal to complete the venture successfully. Henceforth, one might say that making usage of the policies and strategies would be effective for the enhancement of the smart venture adequately. Best Practices for Business Growth One of the greatest difficulties in business development is sustainable development. The long and the short term profits require to be remembered while executing the processes for the growth of the business. Various organizations have distinctive explanations behind the intention of sustainability yet the principle ideas are constant. The preciseness of the business intentions should be kept up. The concerned personnel should over and again look at their sense of intention and in addition guarantee that the company fills the need of the venture appropriately. There ought to be a steady and in addition predictable sense of development (Gigler et al., 2014). It additionally ought to include persistent pragmatic advancement. The real purpose for an organization adds to their USP. It is better for an association to have an unmistakable value and aim for the intention of business development. The smart watch venture needs to use the acts of security, safety and improvement in the lifestyle of the consumers which is one of the highlights the venture looks to accomplish (Wakefield, Myers 2016). Collaboration as well as partnership is likewise a critical factor for the fruitful foundation of the business development. Despite the fact that accomplishing everything uniquely during the time of a business venture is enticing and sensible if there should arise an occurrence of very little accessibility of funds, the best thing to do is to locate the most ideal partners for the smart watch venture. The coordinated effort with the appropriate partners if there should arise an occurrence of the smart watch project will help in the growth and effective development and will likewise be continuous. It is important to know precisely what to do at a specific time in light of the fact that the demands of various ventures are unique. The undertaking ought to be done such that the idea of smart watch venture is considered fruitful and aids in the foundation of the effective strides in the business development. The smart watch venture ought to have appropriate offices alongside the idea of development and also recovery alternatives. A business ecosystem is a financial society of companies and in addition people who function in various ways. It is important to comprehend the requirements of the smart watch venture are not quite the same as other commercial ventures like shopping centres etc. The business ecosystem motivates the organizations undertaking the inventive action and also troublesome tasks by accomplishment of their competitive capacities (Dixon et al., 2013). With a specific end goal to guarantee that the business needs of a specific undertaking are met, it ought to be maintained that the management or the leaders under whom the venture is occurring, should know each specific phase of development. Retrospection, mindfulness, and in addition a key feeling for strategy is essential which is both for the short and term ventures (Solomon et al., 2015). The management accountable for the smart watch venture ought to receive a versatile and in addition an adaptable nature of initiative. By being careful and additionally understanding the business procedures provides the best outcomes for any given task. The sustainable investment in the abilities of individual employees and even with the company helps in the development of the venture (Psacharopoulos, 2014). Business Growth Strategies The business growth strategies should concentrate on the idea of the current venture. It ought to be comprehended that the idea of the smart watch venture is extraordinary. The development of the smart watch venture should be the principle centre of the organization that is busy with the construction of the venture. The production ventures should be undertaken appropriately and the information should be expressed ahead of time too (Zhou et al., 2015). The smart watch venture should not be manufactured in such a way so that it fails to gain the heart of the consumers but should be manufactured with the best quality and features so that new and potential consumers purchase the product as well leading to the rise in the customer base. In other words, it can be explained that smart watch venture looks to comply or correspond with the revolution in the watch technology in order to become a positive impact on the consumers to improve their life style with the help of effective lifestyle and positivity. The cost productivity should be remembered while continuing the smart watch venture. The cost of raw materials is significant and they likewise cause the drainage of the key resources from the various other sectors (Liu et al., 2014). The disclosure to the impact of private financing activities demonstrates that the cost funds are never conveyed. The decreasing of the production quality and the facilities ought not be done in an approach to really hurt the consumers. Profitability Index The index of profitability is also known as the value investment or the profit investment ratio for any manufacturing and production venture and therefore this has been process for project ranking as it grants to quantify the amount of the value established due to the per unit investment. In accordance to the present profitability index of Smart Watch Venture, it can be stated that the profitability index has been 1.96 and hence it can be said that this venture would lead to efficient development of the venture within the scheduled time. Recommendation The venture has been set up by embracing various researches within the Australian market and assessment of the financial reports, project background and the extent of the venture. The nation has been considered as the democracy based market that is energetic and has been working like this for more than 25 years and this development has been conceivable because of the lower level of recessions. The efficient procedure of the legislature has benefitted the Smart Watch Venture due to a viable and effective functioning legal framework. The presence of such a efficient legal framework and government controls has uncovered a successful economic process and this has inspired the private sector organizations to embrace interests in such activities. Thus it is seen that Technocrat has shown interest in the Smart Watch Venture and this in a way would enhance the income for the organization and even conclude the venture in an efficient way. As per the financial anticipations of the Smart Watch Venture it has been watched that this project would be extremely possible to ensure the development and steadiness in the Australian region. 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