What is a feasibility assessment and why is it important?
A Feasibility Assessment is the evaluation of the practicality of a proposed project or system. The Feasibility Assessment helps to identify the costs and risks associated with each area of a project’s development, and evaluates the project’s potential for success.
Designing a suitable feasibility assessment involves identifying and thoroughly examining key areas such as technical limitations, cost analysis, available resources, time, environmental issues, and/or other external factors.
By not conducting a feasibility assessment before undertaking a new project, businesses or individuals run the risk of commencing a project that may not be sustainable, or possible, to finish. Skipping the feasibility assessment stage does not save time or money because often, problems that should have been identified early in the process are not found, leading to delays and increased costs while these issues must be analysed and addressed.
How does feasibility affect me?
Whether you are an individual wanting to subdivide or build on your land, or a company that’s developing an industrial site, you will need to conduct a feasibility assessment before the process gets underway. By not contracting a qualified specialist or Registered Professional Engineer of Queensland (RPEQ) such as CWD Group, you may run into further issues down the track.
How can CWD Group help?
CWD Group provides Feasibility Assessments for all types of projects, from residential subdivisions to commercial shopping centers. We offer reliable and professional services, so you can rest easy knowing that all the ‘road bumps’ in your proposed project have been identified, smoothed over or avoided.
To inquire further about feasibility assessments, or any of the other services that CWD Group provide, please contact us on 07 3472 5918 or email us at proposals@cwdgroup.com.au.
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