2.5 Feasibility Studies: Chapter 2.0 Architectural Programming Final Topic 2
2.5 Feasibility Studies: Chapter 2.0 Architectural Programming Final Topic 2
2.5 Feasibility Studies: Chapter 2.0 Architectural Programming Final Topic 2
5 Feasibility studies
Chapter 2.0 Architectural Programming
Final Topic 2
Feasibility Studies
A feasibility study is an assessment of the practicality of a proposed plan,
project or system.
It analysises that takes all of a project's relevant factors into account-including
economic, technical, legal, organization, management and scheduling
considerations—to ascertain the likelihood of completing the project successfully
Objectively and rationally uncover the strengths and weaknesses of an existing
business or proposed venture, opportunities and threats present in the natural
environment, the resources required to carry through, and ultimately the
prospects for success.
In its simplest terms, the two criteria to judge feasibility are cost required
and value to be attained.
ARCHITECTURAL FEASIBILITY STUDIES
An architectural feasibility study investigates and evaluates the potential of a
project site or building. It clearly sets out a brief history of the site, its overall
condition and significance, as well as the constraints and opportunities.
TYPES OF Feasibility Studies
1. Technical feasibility
The assessment of the technical requirements of a project to find out what technical
aspect a project requires. Technical feasibility is not complete unless technical
assessment is done, technical capabilities carry out the implementation of the project
to completion within the required time.
2. Operational feasibility
Operational feasibility tackles the implementation of a project with the current
organizational business structure. The solutions to a current problem must come as
close as possible to a perfect fit with the organizational structure and be able to be
applied to solve other arising problems.
3. Economic feasibility
The study project how long it would take for the project to reach break-even point to a
cost benefit analysis. Every project incurs a cost and it is prudent for financial planning
purposes to know exactly when to expect returns, anticipating capital outlay to
complete the project. This is limited to for-profit projects only as they require a
financial cost.
TYPES OF Feasibility Studies
4. Legal feasibility
This is an assessment of whether the project meets the legal requirements that
exist for implementation and encompasses the ethical aspects of a project. An
example is whether a new building meets the requirements of the law, whether
the location was suitably chosen and construction is approved by the authorities.
5. Financial feasibility
This is related to economic feasibility but is different. It undertakes project
financing secured by the project management, brings financial credit-worthy,
availability of loans, and investment ventures of the project.
Economic feasibility differs with financial feasibility that the later is concerned
with financing aspect of the project only and not its economic implications.
6. Managerial/Management feasibility
It establishes the kind of project management structure to ensure completion
meet the design within the specified time. It assesses human capital input in the
implementation of a project.
TYPES OF Feasibility Studies
7. Organizational feasibility
Describe the legal and corporate structure of the business or project that
includes description of organization’s business structure, internal and
external principles of the business, professional skills and resources resumes.
8. Market feasibility
It is concerned with gaining the in depth knowledge and doing a deep analysis
of real estate market and knowing how the market is going to respond
towards particular project/product. It identify market competition, potential
markets, and market analysis to assess a business idea
9. Environmental feasibility
A study that assesses the viability of a proposed development from
an environmental and social perspective, identifying potential issues and
threats to the successful completion of the proposed development.
TYPES OF Feasibility Studies
10. Political feasibility
Describes its social and political implications, project may gain widespread
support from the government or its opposition. Anticipated challenges, or the
government against it because of its political standing. This makes political
feasibility an important factor especially for large projects.
11. Social feasibility
A project environment should be evaluated to find out whether the current social
structures make it possible to implement the project with ease or whether
certain accommodations and concessions are necessary before moving forward
with the project.
12. Cultural Feasibility
Defined as one that investigates scientific as well as ethical, behavioral, and
social issues in the design of clinical trials. Its studies use ethnographic methods
to explore ethical, behavioral, and social issues inherent in the design of
proposed clinical trials.
2.5.1 Technical Feasibility Studies
2.5.1.1. TECHNICAL DESCRIPTION:
A. 5-storey Parking Garage
The project will be designed considering all the elements required for a parking
garage
The contemporary building materials and techniques such as reinforced concrete,
post-tensioning system, steel, glass, aluminum, etc. will be extensively utilized and
major design factors for earthquake consideration shall be incorporated
Foundation system shall be of Matt or Raft considering the soil classification in the
area and its load bearing capacity since the structure is a 5-storey level.
Ecofriendly and bio-diverse elements will be introduced in every conceivable areas for
self-sufficiency in the fields of energy utilization and conversations
All these elements shall be infused subtly into the various area design keeping in mind
the ultimate aims as to maintain the local architectural ethos in its splendor. This will
be carried out by the overall cladding systems
The exterior landscaping shall be designed to enable the structures in incorporate
within an ambience of the beautiful surroundings, as they exist
2.5.1 Technical Feasibility Studies
B. 1-storey Admin.-Commercial Building
The building shall be designed combination of the administration and rentable
commercial spaces
Constructed in reinforced concrete, glass and steel combination
Administration building occupies 30% and 70% for the rentable commercial
spaces of the total building footprints
Minimum rentable area = 36.50 sq. meters
2.5.1.2. TECHNICAL SPECIFICATION:
Total Construction Area (Built-up Area) = 404,445.20 sq.m.
Total Parking Area/slots = 24,450.00 sq.m./ 859 slots
Area of Rentable spaces = 566.50 sq.m.
Available Land Area = 34.56 sq. m.
Open space Percentage = 20% ( meet the requirement)
2.5.1 Technical Feasibility Studies
2.5.1.3 PROJECT DEVELOPMENT:
a. Design
– describe how the design services commissioned to the architect, the method of compensation, the scope of
work of the architect, if services included in the construction and post construction services of the project.
Include other professionals (consultants, engineers, etc.)who will participate in the design services- their works,
and compensations
b. Contract
- Describe to what kind or type of contract operation to be made for the construction such as selection of
contractor, sub-contractor, special trade contractor, bidding, and awarding of project (check different type of
construction contracts if the project is no a bidding competition.
c. Organization
- Organizational chart for the composition of the different personalities (engineers, architect, project
supervisors, consultants, contractors, sub-contractors, laborers, etc.) who are part in the construction, including
their respective work job descriptions and compensations, line of authorities and functions (provide an
organizational chart of the entire construction team)
d. Construction Schedule (PERT-CPM )
- showing a detailed system and diagram of construction flow of different activities, events, timeframe, critical
path and to come up for a computed number of days for the construction
e. Project Financing
- how the project being financed, discussion of different sources of fund for the construction of the project or
method financial scheme in the development of the project
2.5.1 Technical Feasibility Studies
2.5.1.4 PROJECT COST ESTIMATE:
Using Parametric Method (PCF) or any other kind of estimates
PCF should be determined according to different reliable sources
PCF depends on the scope of work and quality and area being estimated
Considerations:
I. Lot Acquisition Cost/ROW Cost( if considered in the costing
II. Site Development Cost (parking, roadways, drainage, utility system, landscaping,
fence, earthfill, entrance gate, walkways, scultures, pool, sheds, etc.)
III. Building Cost (area/space-gross area-EEBA-PCF-Cost)
a. Direct Cost (material, labor,)
b. Indirect Cost (a. Architects Fee, Engineers Fee, Consultant fee, Legal Fees,
Contractors Fee, Overhead/contingencies, equip. rental, tax, permits/Insurances,
transportation, allowances, food, bidding document ,etc.)
IV. Total Project Cost (direct + indirect cost)
Note: For Redevelopment Project, cost estimate is different- per item of work
TABLE 5. PROJECT COST