Conceptual Planning and Feasibility Study
Conceptual Planning and Feasibility Study
Conceptual planning stage of the project is a crucial and busy time for the owner because during this stage the owner of the project will makes decisions that set the tone for the project. It is also the process where’s the owner hires his or her key consultants including the contractor and project manager, selects the project site, and establishes a conceptual estimate, schedule and program. Apart from that the owner will make the most critical decision that is whether to proceed with the project or not.
In a nutshell, conceptual planning stage of a project is when the owner needs to gather as much reliable information as posibble about a project. This process may require hiring quite a number of design and technical consultants to help if those resources are not available within the company.
Once the information is formulated the owner needs to make a decision as to whether or not to proceed with the project. If the decision is to proceed, than the owner needs to select a site and establish a program,a conceptual estimate and a master schedule. The contractor and project manager also be hired at this stage.
Feasibility studies aim to objectively and rationally uncover the strengths and weaknesses of an existing business or proposed venture, opportunities and threats as presented by the environment, the resources required to carry through, and ultimately the prospects for success. In simple terms, a feasibility study is a proposal to determine whether a project is viable or feasible from both the business and technical point of view. Procedures of a feasibility study should include :
* Review of master plan findings such as- review and confirm recommendations * Analysis of functional brief to ensure service delivery is in accordance with the functional brief requirements * Area allocation model * Confirmation of site influences * Identification of viable development options * Evaluation
Conceptual planning stage of the project is a crucial and busy time for the owner because during this stage the owner of the project will makes decisions that set the tone for the project. It is also the process where’s the owner hires his or her key consultants including the contractor and project manager, selects the project site, and establishes a conceptual estimate, schedule and program. Apart from that the owner will make the most critical decision that is whether to proceed with the project or not.
In a nutshell, conceptual planning stage of a project is when the owner needs to gather as much reliable information as posibble about a project. This process may require hiring quite a number of design and technical consultants to help if those resources are not available within the company.
Once the information is formulated the owner needs to make a decision as to whether or not to proceed with the project. If the decision is to proceed, than the owner needs to select a site and establish a program,a conceptual estimate and a master schedule. The contractor and project manager also be hired at this stage.
Feasibility studies aim to objectively and rationally uncover the strengths and weaknesses of an existing business or proposed venture, opportunities and threats as presented by the environment, the resources required to carry through, and ultimately the prospects for success. In simple terms, a feasibility study is a proposal to determine whether a project is viable or feasible from both the business and technical point of view. Procedures of a feasibility study should include :
* Review of master plan findings such as- review and confirm recommendations * Analysis of functional brief to ensure service delivery is in accordance with the functional brief requirements * Area allocation model * Confirmation of site influences * Identification of viable development options * Evaluation