dev high level process flow 0.7

2. Pre Development Phase

1.1 Identify Project Potential 2.1 Concept 2.2 Schematic 3.1 Design Development, Documentation & Approvals 3.2 Procurement 3.3 Construction

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3. Development Phase

White Paper for Approval

Identify Opportunity &

Initiate Development of Business Case

Initial Market Research/

Assessment(Quantitative &

Qualitative)

NSM to Control Site

(Land Acquisition)

Seed Capital, Engage

Resources to Develop

Opportunity

Undertake Opportunity

Analysis/Commercial

Appraisal

Develop Initial Strategic Intent, Positioning and

Vision

Develop Retail Strategy

Prepare Initial Funding Proposal

for Approval

Provide Initial Funding

Initiate Stakeholder Engagement

including Regulatory Bodies

Engage Initial Consultants

Develop Internal Resource Plan

and Identify Team

Develop Schematic Design

Prepare Development Brief (RFP)

Refine Leasing Strategy

Develop Merchandize

Plan / Leasing Budget

Develop Technical Specifications for

Fitout and Tenancy and Operations

Develop Concept Master Plan

White Paper Approval to

DevelopSchematic

Provide Additional Funding

Firm up Key Anchors (LOI)

Define Asset Parameters –Cost. Rents

Commence Project Control Group Meetings

Perform Initial Risk Assessment

Finalize Commercial Feasibility

Perform Initial Leasing

Assessment

Prepare Design and Performance

Brief

Business Plan Paper for Final

Approval

Provide Full Funding

Commission Internal & External

Project Teams

Detail Further on Technical

Specification

Develop Construction

Drawings

Approval from Regulatory Bodies

Design Development

Documentation

Finalize Technical and Design Terms with Key Anchors

Select Contractors as per

Procurement Plan

Provide Internal Approval

Provide Internal Approval

Provide Internal Approval

Prepare Detailed White Paper

Nakheel Shopping Malls Development Management Framework - V7.0 10-Sep-2008

Develop Preliminary Feasibility

Risk Management

Approves Changes to

Construction Cost & Schedule

Monitor Compliance to

Quality

Conduct Initial Review Meeting

with Development

Develop Initial BrandingStrategy

Review Master/Asset Plan

Review Concept Master Plan on regular basis

System Presentation and

Development Review

Prepare Business Plan Paper

Develop Sales Marketing and

Communication Plan

Ground Breaking

Monitor Defect Rectification

Implement Project Management Plan

Review & Monitor Costs &

Schedules

Monitor Design

Grand Opening

Handover stabilization –

Snagging..

Perform Quality Control

Monitor Progress of Construction

Training of Mall Personnel

Align Operational Processes

Develop Wrap up Report

Perform Contract Administration

Finalize Contract and Sign Lease

with other Tenants

Handover to Mall Operations

Hire Mall Management

Team

Obtain Infrastructure signoff from

Design Group

Approval of Final Design Documents

Prepare Cost Estimate(s)

Initiate Value Engineering

Analysis

Engage Preferred Contractor as

Consultant

Involve Group Internal Audit for

Reviewing Contracts

Develop Tenancy Design

parameters

Continue Value Engineering to

Align Construction Cost to Feasibility

Overview Construction

Process

Deliver Tenancy Coordination

Execute Construction

Contract

Finalize Contracts with Major Tenants

Initiate Merchandising Plan Execution

3.4 Completion and Management

Approve Contracts with main

Contractors

Develop Fit out Guide

Sign Lease with Key Anchors

Identify and Select Facility

Management Contractors

Coordinate Takeover of Mall

Operations

Obtain Building Completion

Certificate from Reg. Bodies

Execute Marketing Campaign for the

Launch

Identify & Select Media Partners for

Marketing Campaigns

Manage Launch Event

1. Initiation Phase

Economic/Market Assessment

Validate Development Opportunity

Initiate/Brief Thinc Projects

Approval Options:1. Develop Concept + Schematic2. Develop Concept only

(Optional Approval If Schematic approved in earlier phase)

Development Brief:- Development Master Plan- Benchmark- Site Development - Area Schedule- Program- Review Positioning Strategic Intent

Prepare Detailed Leasing Plan

including Precinct Plan & Major

Anchors Strategy

Identify & Verify Internal Approval

Process

Identify/Confirm Performance

Milestones to Be Achieved

Design & Performance Brief:- Development Rationale- Development Objectives- Market Analysis - Master Program- Cost Plan- Feasibility - Procurement Plan- Project Management Process- Risk Assessment- Aesthetics Proposed- Functional/Operational Deliverables- Leed Performance

Prepare Marketing Plan/Budget

Develop Incentives Budget

Finalize Finishes and Material

Selection

Develop/Document Lessor/Lesse Interfaces

Update Feasibility against Approved

Mobilize Marketing and Sales Plan Develop Brand

Refine Retail Plan and Freeze

Lease Mini/Major Anchors

Endorsement of Finishes (internal and External)

(Mandatory)

Expression of Interest/Tender

Contract

Contract Sum Compilation

Draft Construction Contract

Agree Contract Content

Verify Feasibility as Approved

against Proposed Contract Sum

Implement Marketing/Sales

Plan

Prepare Leasing Brochure

Option for Top management Approval to Proceed based on Contract Sum compiled under Procurement Plan

Handover Major Anchors for Fitout

Handover Specials for Fitout

Manage Retail Plan Changes

Monitor Performance

against Feasibility

Option Integrated Fitout, Major

Anchors

Rent out Advertising Space

Lease Specialties

Lease Administration

Handover to Operations

Initiate Retail Plan Changes

Interface to Tenancy

Coordination

Tenant Dispute Resolution

Implement Operational

marketing Plan

Completion of Documentation

(Warranties, Certificates, As

Built)

Finalize Contract Sum

Finalize Incentive Payments

Provide Legal Advice

Align Fitout/Construction to

Achieve Opening

Participate in Hanover Process

Coordinate and Monitor Snagging

for Tenants

Select Facility Maintenance Contractor

Update Project Management Plan

to Incorporate Construction

Phase

Approval to Proceed

Brief Technical Design Group/Authorities on

Concept

Develop Construction

Contracts

Initiate Design Peer Review (if

required)

Undertake Value Engineering Study

Document & Implement Project Management Plan

Project Management Plan:- Scope- Cost- Time - Quality- Resource- Communication - Risk Management

Enabling Works (if approved)

Brief/Engage Authorities

Verify Documents Match with Operational

Requirements

Tenancy Coordination:- Receive Tenancy Instruction- Receive Concept Documents- Review Working Drawings - Signoff on Fitout Contractor- Monitor Authority Approval- Handover to Tenant for Fitout - No Objection Letter- NOC for Construction- Monitor Opening

Finalize Tenancy Review

Pursue Tenancy BCC

Monitor Defect Rectification

Finalize Grey Box Definition

Initiate Grey Box Definition

Grey Box Definition Induction

Review & Endorse Consultancy

Contracts

Review & Endorse Consultancy

Contracts

Maintain Suite of Contracts

Grey Box Definition Induction

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