1. Discuss the reasons for conducting a feasibility study
during the early part of a project. I. Determine the viability of a proposal and determine if it is realistic to proceed. II. Better understanding of the proposed site. III. Early identification of risk such as market trends. IV. To assess whether the project is financially viable. V. To analyse the financial, technical and environment factor before start the project. VI. To analyse the market demand and competition to provide potential success in the market. 2. Technical Feasibility I. The availability of TECHNOLOGY and equipment can support the project. II. SKILL and expertise are available within the organization or can be acquired. III.If the proposed solution is COMPATIBLE with the existing system, infrastructure and standard. IV. The project can be completed within the TIMEFRAME considering constraints or difficulties V. Identify and assess potential RISK and CHALLENGES that may impact the success of the project. 3. Economic Feasibility I. Evaluate the COST ANALYSIS to initiate, implement and maintain the project, which include initial capital costs and ongoing operational expenses. II. Identify potential RISK ANALYSIS such as changes in market conditions, regulatory requirement or technology disruptions. III. Assess the potential REVENUE GENERATION of the project over its lifespan, which include revenue from sales, cost savings, increased productivity IV. Assess the MARKET DEMAND for the products and services offered by the project in the target market. Understanding the MARKET DEMAND helps on the potential sales and generate revenue opportunities. 4. Market and Real estate Feasibility I. Do the MARKET DEMAND ANALYSIS such as growth projections, population, income levels, employment opportunities that influence the real estate in the area. II. COMPETITIVE ANALYSIS will study on the supply of similar properties, pricing trends, market saturation, vacancy rates and the competitive advantages or disadvantages of the project. III. Evaluate the suitability of the LOCATION AND SITE of the project in terms of location, accessibility, visibility, infrastructure, transportation, network. IV. FINANCIAL FEASIBILITY includes conducting financial modeling, cash flow analysis, sensitivity analysis 5. Green and sustainability concepts I. Environmental Impact Assessment (EIA) EIA is the assessment of the impact of a project on the environment including impacts on biodiversity, vegetation and ecology, water and air. In Malaysia, it is governed by the Environmental Quality Act 1974. II. Resource efficiency It is the use of resources in a sustainable manner, while minimizing environment impacts and waste. It aims to maximize the value and usage of resources while reducing their depletion and pollution. III. Energy performance Green building designs to prioritize energy efficiency and renewable energy integration to reduce carbon Renewable energy comes from a source that never ends example, wind and solar. IV. Social impact It is an important aspect of sustainability. Green and sustainable buildings contribute to occupants’ health, comfort and well- being by providing better indoor air quality, natural lighting, thermal comfort and ergonomic design.