Title: Smart City Innovation Project

Objective:

Evaluate the economic viability of implementing an innovative smart city solution in a

community. The project will involve cost$-$benefit analysis, life$-$cycle costing, and an

assessment of the rate of return.

Scope:

Teams will choose a specific smart city technology $($e$.$g$.,$ smart vehicles, drones, carpooling,

etc.$).$

The project area is the city of Dubai which currently relies on smart and sustainable sources.

Deliverables:

Project Proposal $[2$ Marks$]$:

Outline the chosen technology, initial estimates of costs and benefits, and a project plan.

Technical Analysis$[2$ Marks$]$:

Detailed report on the technology, including efficiency, lifespan, maintenance, and

environmental impact.

Economic Analysis $[2$ Marks$]$:

Cost$-$Benefit Analysis over the project's expected life.

Net Present Value $($NPV$)$ and Internal Rate of Return $($IRR$)$ calculations.

Break$-$even analysis.

Sensitivity analysis to assess risks.

Financing Plan Marks