Feasibility Studies

What is a Feasibility Study?
A feasibility study is used to determine the degree to which something can be achieved or implemented.
The assessment can focus on areas such as the:
  • Establishment of a new facility/ sporting hub
  • Redevelopment or upgrade of an existing facility
  • Relocation of an existing facility
  • Development of multi use facilities/ grounds
Benefits of a Feasibility Assessment
The preparation of a report precedes the technical development and project implementation stages and outlines critical factors such as:
  • Confirmation of need and demand
  • Identification of latest trends, benefits and best practice that may be incorporated into the design stage
  • Identifies suitable sites/partners/funding strategies and opportunities
  • Financial viability of the project
  • Overall project sustainability – economic, social, environmental (Triple bottom line)
  • “Go” or “No Go” analysis

Outcomes

  • Determine the project’s likelihood of success
  • Maximises the project’s potential
  • Identify realistic options including staging plans
  • Recommendations to further progress the project
  • Identify funding options
 
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