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Project Management Process
Published in Abdul Razzak Rumane, Risk Management Applications Used to Sustain Quality in Projects, 2023
Feasibility study can be categorized into following functions: LegalMarketingTechnical and engineeringFinancial and economicalSocialEnvironmentalRiskScheduling of project The project feasibility study is usually performed by the owner through his own team or by engaging a specialist agency or individual.
Empowering Public-Private Partnership in Major Infrastructure Systems
Published in Edward Ochieng, Tarila Zuofa, Sulafa Badi, Routledge Handbook of Planning and Management of Global Strategic Infrastructure Projects, 2020
Neema Kavishe, Nicholas Chileshe
A feasibility study is a detailed analysis to determine the viability of a project. It is undertaken to help the public sector determine whether traditional public sector procurement or a PPP is the best option for the proposed project South African National Treasury PPP Unit (SANT PPP unit, 2004). Based on PPIAF (2009) the key objectives of carrying out a feasibility study are to: Ensure all the risks associated with a project are identified, allocated and mitigated;Provide sufficient information to the government that will help them decide whether to proceed with the project as PPP;Provide the bases of negotiations; andLessen the transaction costs of PPPs and evade unnecessary delays.
Economic analysis of projects
Published in J.C. Edison, Infrastructure Development and Construction Management, 2020
The basic economic problem facing all economies is that of allocating scarce resources to a variety of different uses in such a way that the net benefit to society is as great as possible. The tools of an economic analysis facilitate decision makers in examining the impact of a project on a society, an economy, an entity undertaking the project, on stakeholders and the risks and sustainability of the project on the welfare of a country. Given the scarcity of resources, choices must be made among competing uses of resources, and the feasibility and economic analysis of projects are some of the methods used to evaluate alternatives. An economic analysis assesses the benefits and costs of a project, thereby reducing the investment risk. The most viable alternatives with benefits that outweigh costs and with technical, market, financial and economic feasibility and with the least environmental impact are considered as investible projects. Investment projects in the infrastructure development sector are assessed more in relation to their net contribution to the economic growth and development of a country. ‘Economic analysis is most useful when used early in the project cycle to identify poor projects and poor project components’(Belli, Anderson, Barnum, Dixon and Tan, 2001). A feasibility study generally contains a description of the business, market feasibility, technical feasibility, financial feasibility, organisational feasibility, etc.(Figure 4.1).1
The socioeconomic feasibility of greening rail stations: a case study in lisbon
Published in The Engineering Economist, 2019
Cristina Matos Silva, Joana Serro, Patrícia Dinis Ferreira, Inês Teotónio
A feasibility study is performed for financial, economic, and socioenvironmental analyses. The financial analysis aims to examine the financial return for a project owner. Accordingly, it includes investments, operating expenses and income, as well as possible funding. Economic and socioenvironmental analyses are intended to demonstrate whether a project makes an effective contribution to the national/local economy and to society and the environment, respectively.