Project feasibility can encompass new product introduction,
site redevelopment versus new build, space planning and optimum
facility layout, all set against the financial background and
performance indicators required by the client.
These projects can vary from minor alterations to major new
building or plant requirements. The studies provide a very
effective decision making tool for the client’s management.
Feasibility studies may involve technical problem solving, capital
and operating cost estimation, scale‑up factoring for new processes
transferring from research to production, or increase in production
volume as a result of market expansion.
Value Engineering, unlike Feasibility Studies, is carried out at a
phase in the project when a number of decisions or assumptions have
been made, generally after completion of a Front End Design. The
principal requirements in the User Requirement Brief and the major
resulting design parameters are challenged to ensure that maximum
value is derived from the investment made in the projects. This is
done is a structured way with both the decisions taken and the
outcome documented.
GRC Mott MacDonald has carried out numerous Feasibility Studies and
participated in many Value Engineering exercises, covering widely
different types of project and product.
