COMPARATIVE ANALYSIS OF PROJECT PLANNING AND FEASIBILITY STUDIES IN THE PUBLIC AND PRIVATE SECTOR

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Acknowledgement

I would take this opportunity to thank my research supervisor, family and friends for their support and guidance without which this research would not have been possible.

DECLARATION

I, [type your full first names and surname here], declare that the contents of this dissertation/thesis represent my own unaided work, and that the dissertation/thesis has not previously been submitted for academic examination towards any qualification. Furthermore, it represents my own opinions and not necessarily those of the University.

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Abstract

This study focuses on the project planning and the feasibility studies. In this research, the similarities and the dissimilarities between the project planning and the feasibility studies have been analyzed. The major focus of this study was on the identification of different perspectives of the individuals from both the private sector and the public sector. Therefore, a consultancy firm, WSP which deals in construction and real-estate consultancy business was chosen for the data collection purpose and different contractors and clients were interviewed through formal interviews and through questionnaires. Their views on the project planning and feasibility studies in their sector were analyzed. The outcome of the project was also measured through different techniques. This study involved the triangulation approach as both the qualitative and quantitative data were thought to be useful in order to forecast the accurate result. For this purpose, both the interviews and the questionnaire were used. The outcome showed that there are much dissimilarity in the feasibility studies and the project planning in the private and the public sector.

Table of Contents

ACKNOWLEDGEMENT2

DECLARATION3

ABSTRACT4

CHAPTER 1: INTRODUCTION6

Background of the research6

Problem Statement10

Rationale11

Aims and Objectives12

Limitation of the Study12

Ethical Concern13

CHAPTER 2: LITERATURE REVIEW15

PROJECT - What is Project?18

Project Planning21

Project Plan30

Feasibility Studies33

Function of A Feasibility Plan - Proof of Business Concept39

Feasibility Plan Narrative39

Undertaking a Feasibility Study41

The Client43

CHAPTER 3: METHODOLOGY48

Empirical49

Methodology adopted - Triangulation approach50

Data Collection51

Survey to Clients51

Survey to Contractors52

Interview with Construction Practitioners52

CHAPTER 4: DISCUSSION AND ANALYSIS54

The pilot study54

Project Development55

Exploratory steps and activities57

Best practices for feasibility studies72

Procurement Involvement82

Interview Results85

CHAPTER 5: CONCLUSION102

REFERENCES105

APPENDIX113

Chapter 1: Introduction

Outline of the Study

This research focuses on the various aspects of “Topic” and comprises of the following chapters:

Introduction

Literature Review

Methodology

Results and Discussion

Conclusion

Background of the research

The preliminary study highlights the conditions for a project and the steps involved in planning and implementing. Several options are analyzed from both a technical, architectural, economic and market perspective. During this stage set framework around scope, time and Costs There is a wide consensus in the industry about the importance of the early stages which make up a small fraction of the cost of construction, but has great potential to reduce future costs for users. It also creates conditions for a faster design and production. Well conducted studies are more likely to be the right solution is chosen from both a technical and economic perspective. A good feasibility study should also lead to unfeasible and unprofitable projects not completed. Previous studies have shown that a well carried out the study phase has the potential to reduce project costs by up to 20 percent, ...