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project proposal
financial aspect
space requirements
Project Feasibility Studies
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Project Feasibility Studies

Being engaged in project planning and development, one has to have a strong background in project feasibility studies. This is the main report presented to the client to back up all project proposals. This is a study based on research with all the data that will support the study and proposal. A clear and precise presentation of data will definitely lead to the approval of the project.

A project feasibility study is a technical report, like a book, that presents a thorough study of a project proposal. Prior to the approval of a project, the feasibility study must be submitted to evaluate the financial and technical aspects.

The main information is on the budgetary estimate with a clear cash flow. The client, either individual or corporation, will invest for the project, he should know the fair amount of return on his investment. This report is often collaborated by architects, engineers, financial analyst, lawyers and other allied professionals depending on his specialization. Aside from the financial aspect, a technical study is also included to determine the size of the project, the environmental impact, the space requirements and many more. This will also deal with the legal aspect as to the minimum standard required by the building code. The permits and fees required, existing laws affecting the project and its limitations.

The overall in charge in the preparation of the feasibility study is the architect. He will base his design approach from it. The formulation of design strategies are dependent on the result of the data gathered from feasibility studies. A series of meetings should take place and from there, he will be providing a project schedule that will guide him with the accomplishment of each of the stages leading to the design and construction of the project.

Project feasibility study plays a very important role in the approval of the project. Architectural researchers spends time in data gathering, analysis and problem identification. With the advancement of Technology, the trends in architectural design are advancing too! There are three main cycle that gives meaning to architectural purpose. All these three revolves around in the presentation of and data gathering resulted to the a project feasibility study. These cycle are the state of maintenance, the state of energy and the state of evolution.

The state of maintenance deals with the methods, sytems and materials that are part of the cycle. This is the sustainability of the project. The state of energy is the mental and physical wellness of the public who are the beneficiary and end-user of the architectural design solution. This is the protection of health, life and safety of the general public. Lastly the state of evolution which is the continuous growth, development and the unfolding of improvement for living systems.


Street Talk

Thank you for the insights.

Reply
  about 4 years ago
  

Thanks Andrew for dropping by. Nice to hear from you!

Reply
  about 4 years ago
Anna Ware  

Good article, gives an insight to how complex this is.

Reply
  about 6 years ago
  

Hi Ana, it is really complex. Need a lot of research, time and effort to come up with a conclusion and give the "green signal" for any project.

Reply
  about 6 years ago
arlan  

nice article...

Reply
  about 6 years ago
  

thanks arlan

Reply
  about 6 years ago
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