Feasibility Study in Construction Project

A feasibility study in the construction sector involves an early-stage assessment to determine a project’s viability. This study identifies feasible alternatives and supports the formulation of business cases and project plans.

TELOS Formula: Conducting Feasibility Studies in the Construction Industry

At Pan Global Consultancy, we employ the TELOS formula to conduct thorough feasibility studies for construction projects. This methodology ensures a comprehensive evaluation across five critical dimensions: Technical, Economic, Legal, Operational, and Schedule feasibility. Below is an overview of how we apply the TELOS formula in our feasibility studies:

Technical Feasibility Study 

In this element of feasibility, we consider several critical factors related to the project site. These include the size of the project site, access to the area, land topography, geotechnical data, risks, and existing facilities or structures on the site. Additionally, we evaluate other environmental considerations that might impact the project.

After assessing these factors, our Pan Global Consultants then examine the availability of essential materials, skilled personnel, and other necessary resources to ensure the practical execution of the project.

Economic Feasibility

Evaluating the financial viability of the project.

• Cost Estimation: We provide detailed cost estimates, covering construction, materials, labor, permits, and contingencies.
• Funding and Budgeting: We analyze potential funding sources, budget allocations, and financial projections to ensure financial sustainability.
• Return on Investment : Our team calculates the expected ROI and compares potential financial benefits with projected costs.
• Market Analysis: We conduct a thorough market analysis to assess demand and revenue potential for the completed project.

Legal Feasibility in Qatar

Ensuring compliance with legal and regulatory requirements Qatar

• Regulatory Compliance: We verify that the project adheres to all relevant Qatar building codes, standards, and regulations.
• Permits and Approvals: Our team identifies and facilitates the acquisition of all necessary permits and approvals from authorities.
• Land Use and Zoning: We ensure the proposed project complies with Qatar’s land use and zoning laws, taking into account any specific restrictions or requirements.
• Legal Risks: We identify and mitigate potential legal risks, including issues related to land ownership, environmental regulations, and compliance with local laws.

Operational Feasibility

The operational feasibility study evaluates whether the proposed strategy for the project can effectively address potential challenges and achieve the established objectives.

• Project Management: We assess the project’s management structure, defining roles and responsibilities.
• Construction Logistics: Our team evaluates logistics, including the supply chain, work phase scheduling, and site accessibility.
• Maintenance and Operation: We consider long-term operation and maintenance requirements for the facility.
• Stakeholder Impact: We analyze the project’s impact on stakeholders, including the local community, investors, and government entities.

Schedule Feasibility

This step evaluates the overall timeline to determine if the project can be realistically completed within the client’s desired timeframe.

Evaluating the project timeline and scheduling.

• Project Timeline: We develop a realistic timeline, covering all phases from design to final handover.
• Milestones and Deadlines: Our team sets clear milestones and deadlines to ensure timely progress.
• Resource Scheduling: We plan the allocation and scheduling of resources, including labor and materials.
• Risk Management: We identify potential scheduling risks and develop strategies to mitigate delays.

Conclusion

By utilising the TELOS formula, Pan Global Consultancy ensures that all aspects of a construction project are precisely evaluated. This comprehensive approach enables us to identify and address potential challenges early, ensuring informed decision-making and successful project outcomes.