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