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Construction Sector - Feasibility Study
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A feasibility study is an evaluation of a proposal designed to determine the difficulty in carrying out a designated task. Generally, a feasibility study precedes technical development and project implementation. In other words, a feasibility study is an evaluation or analysis of the potential impact of a proposed project. | May 9, 2010, 8:22 PM | Simon Poon | |||
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There appears to be a misconception by some in the industry about what a feasibility study is and the steps required to generate one. Yes, when someone says feasibility we all know what people are talking about, but as companies try to expedite the process of bringing projects on-line these steps are being skipped. | May 9, 2010, 8:23 PM | Simon Poon |