Feasibility of Construction Projects

Project brief is the curse of construction projects across the world. We provide our skills to assist clients in determining the feasibility of a project and in developing strategies to maximise value and minimise risk.

We work with our Clients to develop the Project Brief and to ensure that there is an understanding of the business asset - its purpose, construction, use and maintenance requirements. By studying these issues in sufficient depth at this stage it is then possible to realistically consider the feasibility of a project, how it might be most effectively designed, developed and procured, associated potential risks and incorporate effective strategies to minimise these.

Developing the client's brief

The client's project brief is the essential first step in defining the project requirements. We understand the importance of the Client's Brief and use their expertise to assist the Client in setting down a realistic Brief that accurately matches the requirements with the available resources. Our expertise is based on a successful track record of managing projects from inception to completion.

Preparing feasibility studies

Project feasibility studies ensure that the project requirements set down in the Client's Brief can be achieved practicably and within set limits. PCSPMPL considers the proposals and the options that have been identified in order to select the optimal solution. PCSPMPL uses its skills in preparing comparative estimates and in facilitating and developing the output of risk and value management to prepare feasibility studies. Concise recommendations are presented in business case format allowing the Client to make informed decisions in respect of the various options presented and the overall viability of the project.

Developing procurement strategies

Once the broad parameters of a project have been set, consideration has to be given to the most appropriate procurement strategy to deliver the project. It is essential that the strategy is developed at an early stage as it will effect the establishment of the project team. For example, if the contractor is to undertake both the design and construction of the project then the role of any in-house or independent professional designer will be limited. PCSPMPL develops the most appropriate procurement and contracting strategy with the expert knowledge of its associates, who are specialised in the respective fields.

Value management and engineering

PCSPMPL operates a structured approach to value management. This involves bringing together key people at critical points in the development of a project to identify and analyse factors which affect the functionality and value of the asset. The fundamental benefit of the value management is that it provides an effective, collective and auditable decision making process that allows the project team to focus on delivering an efficient asset that provides the Client with value for money.

Risk management

Risk management is a structured process of identifying, assessing, quantifying and controlling risks. The sophistication of the risk management process depends on a number of factors such as the size and complexity of the project and the extent of the perceived risks. The basic principles, however, are constant and can be considered as follows:

  • Identifying risks (risk logs/workshops/risk register)
  • Risk qualification (strategy/allocation/planning)
  • Risk quantification (analysis/costing/modelling)
  • Risk management (control/re-appraisal/reporting)
  • Project review and feedback.

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