How can you use feasibility study results to make informed decisions?

Defining objectives for a construction project feasibility study involves: 1. Purpose Clarity:Define study goals (cost, market analysis). 2. Stakeholder Engagement:Align expectations. 3. Feasibility Criteria:Set evaluation standards (financial, technical). 4. Risk Identification:Plan for potential obstacles. 5. Resource Assessment: Check available resources. 6. Benchmarking: Compare with industry standards. 7. SMART Documentation:Specific, measurable, achievable, relevant, time-bound goals. 8. Review and Validation: Align with stakeholders.

Feasibility studies set a baseline for the project's performance, like the time and location for a flight's departure and landing.

Let's say you're considering starting a new project. In this case, your objectives might include things like serving high-quality food, providing excellent customer service, and making a profit. Based on these objectives and criteria, you can then evaluate the feasibility of the project.Let's consider some of the specific factors that might affect the feasibility of the road project. For example, the location of the Project could be a key factor. If the project is in a busy area with high foot traffic, it might be more likely to succeed than if it's located in a less desirable area. Other factors that could affect the feasibility include the cost of rent, the cost of the materials, and the availability of skilled workers.

A feasibility study analyzes the viability of a project to determine whether the project or venture is likely to succeed. The study is also designed to identify potential issues and problems that could arise while pursuing the project.

In my experience, feasibility study helps to define clearly the objectives and point out the key priorities which needs to be evaluated. The result are shared with stakeholders and experts in the field which is analyzed in other to mitigate risk and optimize profit.

Prior to evaluating your feasibility studies, it is recommended to define those objetive and subjective parameters that will help you make an informed decision. Using a numeric system (1-5) will assist qualifying the best solution to target your goals and vision - previously defined and used to define the scope of the study. Having an heterogeneous panel of professionals, with different backgrounds and from various fields of expertise will also help de-risk the project, as they will see problems/solutions from alternative standpoints.

The above statement takes a perspective of finding supporting data. This is biased data. Just investigate to start. collect info to gain a full overall picture, and full understanding. Analysis comes later. Credibility is coming to the conclusion supported by your investigation not choosing data to support your initial hypothesis. Avoiding data that doesn't quite make sense might have you miss a major problem.

Scrutinize assumptions systematically. Use ConWize's AI-powered validation process to enhance the robustness of assumptions, ensuring a solid foundation for decision-making.

Feasibility studies typically involve an assessment of the healthcare market, including the target population and their healthcare needs. The study may also evaluate the availability of resources, such as staff and funding, as well as the regulatory and legal requirements for implementing the proposed project.

Las hipotesis base deben ser sustentadas y estar alineadas con la DOFA y la valoración del riesgo a asumir. Entre mas riesgo, mayor debería ser la rentabilidad esperada. Si hay hipotesis muy complejas en cuenta al entorno del proyecto en un contexto social, económico o político del país, el panorama puede cambiar y restarle credibilidad al proyecto y su estudio de viabilidad. Simpre se debe tener en cuenta el "entorno" real del proyecto y la capacidad limitada de cambiarlo.

Thoroughly assess the feasibility and viability of the project. Integrate ConWize intelligence to elevate the feasibility assessment, especially in terms of market trends, financial projections, and resource allocation.

This is base line for the Client to execute the project, as well as help to contractor to mitigate cost and others, FS is very important in earlier stage,

evaluate the viability of the project thoroughly to see if the aim and objectives of the project are supported by the feasibility study, if not consider modifying the aim and objectives based on the feasibility study results. If it is completely off, you may consider abandoning the project if it is at the conception stage for a more viable idea or project

To evaluate the feasibility and viability of a project, consider the following key aspects: 1. **Market Demand**: Assess whether there is sufficient demand for the product or service your project offers. Analyze market trends, customer needs, and potential competitors. 2. **Financial Feasibility**: Conduct a thorough financial analysis, including cost estimates, revenue projections, and potential funding sources. Evaluate the project's financial sustainability and return on investment. 3. **Technical Feasibility**: Examine the technical requirements and challenges associated with the project. Ensure that the necessary technology and expertise are available or can be acquired.

Generally, the study will include: Landscape Analysis. This analysis looks at the marketplace and identifies any threats to give decision makers a more comprehensive understanding of factors to consider. Examples of threats include competition and current demand. Financial Forecasts. The study assesses the prior three years of the organization’s historical financial results and the forecast of future operating results, financial position, and cash flow during the forecast period. Understanding future financial performance helps permits the organization and interested parties to better assess assumptions, including potential construction or operating costs.

Identify potential risks and develop mitigation strategies. Employ ConWize's risk analysis capabilities to proactively identify and mitigate potential risks, contributing to more informed decision-making.

Future Demand. It’s important to completely evaluate all factors that can impact the implementation of a new program. Utilization records, financial and medical staff records, population data from state agencies, local economic information, surveys or interviews conducted with medical staff, and an assessment of admissions to all competing providers in the primary service area.

De la evaluación de riesgos, debe concluirse una valoración economica a a?adir, aumentando el valor al proyecto y reflejando el riesgo vs rentabilidad con los pptos de mitigación. Los proyectos con muchos riesgos e incertidumbres (probabilidad y gravedad), se deberían plantear a todo costo o precio global, buscando que se justique asumirlos, generando una correcta rentabilidad. Los proyectos con bajos riesgos pueden y deben tener rentabilidades menores para ser coherentes con el mercado. El buen filtro de estos riesgos es clave para la materialización del ppto y programa.

Both calculated and uncalculated risks are to be reviewed and risk register to be updated, to allocated its mitigation plans for refine project objectives

1.Identification: Identify risks across financial, technical, and operational aspects. 2.Assessment: Evaluate likelihood and impact, prioritizing risks. 3.Mitigation Strategies: Develop proactive measures for high-priority risks, assigning responsibilities. 4.Contingency Planning: Create plans for high-impact risks, ensuring resources and procedures are in place. 5.Adaptability: Adjust strategies as the project evolves to address unforeseen challenges. 6.Scenario Planning: Conduct scenario analysis, developing strategies for different risk scenarios. 7.Resource Allocation: Allocate resources to support mitigation efforts. 8.Post-Implementation Review: Analyze the effectiveness of risk mitigation strategies for continuous improvement.

Dos estrategias de comunicación distintas, dependiendo del receptor. Para el inversor se debe justificar la viabilidad con credibilidad y coherencia, y al equipo de trabajo p PM, se le debe trasmitir la factibilidad de ejecución del proyecto con el "know-how" que se tenga y la disponiobilidad de recursos necesarios.

1. Analyze Data: Thoroughly evaluate project viability data. 2. Stakeholder Involvement: Include all relevant parties for insight & issue resolution. 3. Scenario Analysis: Present different project outcomes. 4. Cost-Benefit Analysis: Assess financial, social, and environmental impacts. 5. Risk Management: Identify and strategize against potential risks. 6. Regulatory Compliance: Ensure adherence to laws & standards. 7. Support Decisions: Use findings to back up choices. 8. Document Everything: Record study details and decisions. 9. Feedback and Flexibility: Be open to input and adjustments. This concise approach ensures clear decision-making and communication in construction management, balancing stakeholder interests & project feasibility.

Communication must be made clearly to be understood by everyone. It is common in large projects for decisions to have an impact on all levels of the company. Confusing or very technical communication may not convey the message to everyone involved.

Stakeholders universe is quite stretched, diverse whose individual lookout may seem varied, but in the long run is well within the same ecosystem.... Everyone of the stakeholders have their own value systems, challenges and asks...The role of Authorities and Investors are manyfold and needs to encompass 360 degrees at all times

Transparently communicate and justify decisions. Utilize ConWize's data-driven insights for clear and effective communication. The platform can provide visualizations and analytics that support decision justifications.

Study, Assess, Design, Implement - upto this we are all fairly in grip of our ecosystem... Closing of this loop for optimal effectiveness circle is the evaluation of the outcomes vis a vis the envisaged objectives.. This needs to be through high level of data collection, analysis and establishment of Institutional memory is organisations/ sectors / Regulators...That too the fight kind of data which may or sy not to our liking, but looking at ground even if things go slightly offtrack is the need of the hour

After all the hard work of implementation is done, monitoring the outcome is often overlooked. This is a critical path to confirm all the steps taken are producing the outcome that was desired. Even with careful attention to detail, some variables are impossible to predict and current market conditions might require a recalibrated approach to meet the updated needs. Most plans do not go as expected, that's why it's important to strategize your vision and adjust as needed to achieve the extraordinary results you planned for.

Continuously monitor and evaluate project outcomes against initial objectives. Implement ConWize analytics to monitor outcomes in real-time, providing data for refining decisions as the project progresses.

Verifique se o projeto está progredindo de acordo com o plano. Identifique quaisquer problemas ou desvios. Fa?a ajustes necessários para garantir o sucesso do projeto. Estabele?a objetivos e métricas claros. O que você espera alcan?ar com o seu projeto? Quais s?o as medidas que você usará para avaliar o seu sucesso? Colete dados regularmente. Quanto mais dados você coletar, mais preciso será Analise os dados de forma objetiva. Evite deixar suas opini?es ou preconceitos influenciarem sua análise. Comunique os resultados às partes interessadas. Isso ajudará a garantir que todos estejam cientes do progresso do projeto e do que está sendo alcan?ado.

Legal feasibility is also something to consider as it investigates whether any aspect of the proposed project conflicts with legal requirements like zoning laws, data protection acts or social media laws. For example, if an organization wants to construct a new office building in a specific location. A feasibility study might reveal the organization’s ideal location isn’t zoned for that type of business. That organization has just saved considerable time and effort by learning that their project was not feasible right from the beginning.

O Estudo de Viabilidade, é uma ótima ferramenta para utilizarmos em projetos de constru??es novas! Afim, de verificarmos os custos desse novo projeto, e validá-lo junto aos interessados, se é viavél ou n?o fazer a constru??o do determinado empreendimento! Dentro da Engenharia de Custos, aplicamos o conceito de "estimativa dos custos", para termos uma base dos valores finais daquela futura edifica??o. Após o projeto sendo aprovado, realizamos o or?amento analítico detalhado!

Help you to make a very early decision to greenlight or shelve projects: Go/no-go decision: The study's overall assessment of technical, financial, and environmental feasibility provides a clear picture. If the risks outweigh the benefits, it might be wise to reconsider the project. Optimizing the plan: Even if feasible, the study might reveal potential problems or areas for improvement. You can use this information to revise the design, schedule, or budget to increase success chances.

Parametros n?o mensuráveis: Os estudos de viabilidade s fornecem informa??es valiosas sobre os aspectos técnicos, econ?micos, operacionais e legais de um projeto, permitindo que os decisores avaliem sua viabilidade e identifiquem os riscos e oportunidades envolvidos. No entanto, os estudos de viabilidade nem sempre s?o capazes de capturar todos os fatores relevantes para a tomada de decis?o. Alguns parametros, como impacto ambiental, impacto social e satisfa??o dos clientes, podem ser difíceis ou impossíveis de mensurar. A presen?a de parametros n?o mensuráveis pode dificultar a tomada de decis?o informada. Nesses casos, é importante que os decisores sejam capazes de avaliar esses parametros de forma qualitativa.