| Extra space for each member |
Less |
High |
High |
| Corpus for members |
Available |
Available |
Available for society members. Province Pmc LLP. strives for increasing surplus through effective program management |
| Profit from project |
Available for developer |
Available for society members |
With the society. A systematic process which helps the society in objective decision making across different stages of the project |
| Control of the project |
With the developer |
With the society |
Defined quality management system and program management aligned with set standards and the expectations of society members |
| Quality of the project |
Dependant on the developer |
Dependant of the society and their ability to manage the deliverables from the agencies |
In the name of the society |
| Designs and Plans |
In the name of the developer |
In the name of the society |
In the name of the society |
| Design as per members needs |
Has the authority to change designs without society consent |
Designs made as per member's needs |
Designs made as per member's needs |
| Fund Management |
Developers Control Confidential |
Society's control Transparent |
Society's control Transparent |
| Funds allocated for rent |
PDCs for only 6 to 12 months or monthly cheques |
Society's Control |
Society's control |
| Expertise for the entire project |
Has the experience in-house and or works with his networks |
Empannels different experts/ agencies required across the project timeline through known networks or tendering |
Has 26 different experts/ agencies empanelled through a standardised assessment process |
| Timely completion of project |
Can be delayed |
Society's ability to manage different resources and the entire program |
Assured timely completion of project |
| Funds for the project |
Developer put his own money/ gets investments |
Society generates money through self-funding or loans from financial institutions |
Capability of availing required funds for the program |
| Dealing with Municipal and other authorities |
Has experience in dealing with the authorities |
Dependant on outsourced agency or do it by self |
Has an understanding of requirements of different authorities and the agencies that can deliver the requisite |
| Knowledge about the entire process |
Has the requisite know-how |
The society does not have expertise about the entire process |
100% of the funds arranged and deposited in society's account |
| Managing the entire program and all the experts/ agencies |
Has the requisite management capability |
Maybe available in the society Or dependant on external experts/ agencies |
Has the required management capability |
| Risk Management |
In favour of developer |
Society's ability to see the different risks, prioritize them and take timely appropriate decisions |
Risk mitigation strategies and process in favor of society members to ensure that program completes within the projected timeline with the project benefits for the society |
