In the feasibility study phase, options are taken into account to meet the customer`s needs, which allows the client to prepare a business case for the preferred option and decide whether to continue the project. At this stage, it is possible to apply for a framework planning if the risk to the project of not obtaining a building permit is high or if delays in obtaining the building permit are problematic. A feasibility study is an analysis that takes into account all relevant project factors, including economic, technical, legal and scheduling considerations, to determine the likelihood of a successful project conclusion. Project managers use feasibility studies to identify the pros and cons of implementing the project before investing a lot of time and money. A feasibility study is only an assessment of the feasibility of a proposed plan or project. As the name suggests, these studies ask: is this project feasible? Do we have the people, tools, technologies and resources to make this project a success? Will the project provide us with the performance (ROI) we need and expect? All these concerns and unknowns are good reasons to carry out a feasibility study that the college has finally carried out. In doing so, the school is advancing its expansion plans without having to leave its historic home. Had it not taken the time and effort to carry out a feasibility study, the college would never have known whether its dreamed enlargement could become a viable reality. The consulting team works with the client to help develop the strategic mission so that feasibility studies and option assessments can be carried out. Feasibility studies reflect the individual objectives and needs of a project, so each of the two projects is different. However, the following advice may apply as a whole to the completion of a feasibility study. Here`s what you can do. B: When you`re doing a feasibility study, it`s always a good thing to have an emergency plan that you`re also testing to make sure it`s a viable alternative if the foreground fails.
The consulting team evaluates the location information the client has provided to them and conducts location assessments. The team of consultants receives all other information on the site that may be required to carry out feasibility studies, such as location surveys. B, information on location services, site access conditions, legal restrictions, existing planning permissions, etc.
