Present paper describes on/off design performance analysis of an 74KW industrial turboshaft gasturbine engine. Procedures to match between the compressor, combustor and turbine have been incorporated into the developed program satisfying compatibility requirement of flow and work and ratational speed. The validity of the performance results from the developed program are yet to be proved through performance experiments of the resultant engine, but comparison of the present results with those from "GASCAN(Thermoflow:America) under similar mass inlet flow, pressure ratio, and speed condition show good agreement despite present results underpredict 6-10% for power and up to 3% in efficiency, respectively.