Project Feasibility and Initiation

Typically, organisations will mandate that a feasibility study be performed before work is authorised. Successful project managers conduct feasibility studies to determine if the project can realistically produce a viable outcome by supplying the below:

• Development and implementation of robust schedules, budgets and cost control systems
• Cash-flow analysis and maximising utilisation of capital
• Resource analysis
• Risk identification and mitigation strategies
• Third party estimate review
• Supply Chain review (people, processes, procedures)
• Cold eye review and negotiation point for critical or large expenditure supply
• Constructability Reviews
• Training and succession planning with ongoing mentoring