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Construction Project Management: The Importance of Feasibility Studies

12 March 2019

Feasibility studies, at least those conducted in the construction industry, are used to see whether a development project is viable. It’s a “big picture” tool, in other words. For engineers can’t just make broad stroke assumptions here, not when there’s so much riding on the decisions that will be made during this pre-visualization stage. Engineering-wise and financially wise, that viability criterium must be absolute.

Assessing The Site

As construction project management specialists, a technical services team will face many challenges. A proposal has been made, now it’s up to the pros to see whether the enterprise is achievable. Composing the different feasibility study articles, the project evaluation work gets off to a good start. From the outset, there’s the construction site to assess. This isn’t a featureless piece of land the site is coming together upon, after all. The environmental study extrapolates and calculates the impact. Will the heavy-plant vehicles, the cranes and big trucks, damage road surfaces? Is there a water supply nearby? What about sand and concrete? Is there a reliable source where those building materials can be purchased then transported?

Resolving Scheduling Conflicts

The work hasn’t even begun yet, and the challenges are piling up, one atop the other. The construction project supervisors are managing dozens of project information streams, but they’re not overloading the site foremen. That’s because the feasibility study worked out all the details before a single tool was lifted. The environmental matters were addressed, financial issues resolved, and job schedules set. For that latter service, the painters and plasterers were booked, but their teams won’t arrive until after the construction project’s wiring and plumbing have been installed. Such planning practices are part-and-parcel of a project manager’s responsibilities.

Feasibility Studies: The Key Benefits

The construction site is going to come together on a nominated plot of land because of the study. All of the building materials will arrive, on time and in adequate quantities. Planning permissions and permit slips gather. Environmentally, the study indicates a low impact land model. This means the work won’t damage local waterways, won’t erode rivers or drop stream-blocking masses of construction dirt. And, of course, all of this work is deemed a financially acceptable risk. Construction sites cannot run out of money halfway through a job.

When planning a feasibility study, the specialists bring logistical and organizational skills to the project. Engineers by profession, these master planners assess construction project viability, assess prospective goals, and they find the best ways to make those goals a reality. Financial and environmental feasibility is key, but then so is a site development process that assures the desired engineering goals

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