The study aims to design a roadmap of the turboelectric propulsion system's power system architecture, which is based on the Inner Bus Tie Architecture proposed by the National Aeronautics and Space Administration (NASA). The single turboshaft engine shutdown failure mode is analyzed and simulated on MATLAB/Simulink. A General Electric (GE) T700 turboshaft engine is preferred in constructing a turboshaft engine mathematical model. The constructed mathematical model is integrated into NASA's Inner Bus Tie Architecture. As a result, mechanical to electrical conversion efficiency and power balance of the system is derived. Element sizing is accomplished. Preliminary power requirements for generators, power converters, and electrical motors are calculated to generate a roadmap for future applications. Finally, it is observed that the simulations are found efficient and quite acceptable for such applications.