Business and Feasibility Study Concepts

Questions and Answers

What is the primary focus of a feasibility study?

To determine the viability and practicability of a project (correct)

To outline the design objectives of a project

To establish the financial and scheduling plan for a project

To identify the differences between current and desired project states

Which of the following best describes the purpose of a functional program?

To analyze the financial aspects of a construction project

To outline design objectives and requirements for a building project (correct)

To detail the regulatory issues related to a project

To provide a document justifying resource allocation

What is the primary benefit of the pre-design phase?

To provide a foundation for design decision-making (correct)

To implement strategic analysis and planning

To finalize the architectural design of the project

To allocate resources for the construction process

What is the main function of gap analysis in project development?

To identify differences between current and desired states Signup and view all the answers

Pre-design services typically occur before which phase in the architectural process?

Schematic design phase Signup and view all the answers

What is a primary benefit of investing in pre-design services for a project?

It improves the likelihood of delivering the project on time and on budget. Signup and view all the answers

Which aspect does the MacLeamy Curve emphasize regarding decision-making in project design?

The impact of early, effective decision-making on project outcomes. Signup and view all the answers

Which of the following statements about pre-design services is true?

Pre-design may lead to building design commissions, but not always. Signup and view all the answers

What should architects consider before undertaking pre-design work?

The potential additional scope, fees, and collaboration needed for such services. Signup and view all the answers

What consequence does reducing resources for an effective design have on project outcomes?

It significantly increases the risk of project shortfalls. Signup and view all the answers

Study Notes

Definitions

Business Case: Document outlining the advantages of a project, justifying further definition and resource commitment.
Feasibility Study: Comprehensive report assessing the economic, financial, market, regulatory, and technical viability of a project.
Functional Program: Written description of a project's criteria including design objectives, spatial relationships, and future expandability needs.
Gap Analysis: Tool identifying discrepancies between current status and desired future state.
Pre-design Services: Architectural services provided before schematic design, assisting in establishing the functional program, project scope, financial, and scheduling plans.

Pre-design Importance

Establishes foundation and necessary information for design decision-making.
Determines purpose and objectives of the design-construction program.
Clients evaluate site selections, existing assets, program organization, and procurement methods during this phase.
Some clients may conduct prior capital planning, impacting the pre-design process.

Pre-design Services

Diverse architectural services provided before design phases, crucial for project success.
Clients investing in early design generally see better project outcomes, including quality, cost, and schedule.
The MacLeamy Curve illustrates that early decision-making enhances resource allocation for successful project execution.
Changes made in pre-design are more cost-effective and impactful compared to alterations in later phases.

Project Delivery and Collaboration

Invested pre-design work increases likelihood of meeting timelines, budgets, and client expectations.
Architects can coordinate with experts in other disciplines for additional pre-design services, enhancing project scope.
Understanding scope, fees, and guidelines is essential for architects when engaging in pre-design activities.
Not all pre-design services will lead to building commissions; awareness of potential outcomes is crucial.

Description

This quiz covers essential definitions and concepts related to business cases, feasibility studies, and functional programs. Understand the importance and differences between these documents and learn how they contribute to project development and resource allocation.