Business Case and Feasibility Study Concepts

Questions and Answers

What is the primary benefit of early design-based decision-making as illustrated by the MacLeamy Curve?

It allows for more creative design options during later phases.

It ensures that all changes are made during the construction phase.

It reduces the overall project duration significantly.

It increases project value by reducing shortfalls and improving efficiency. (correct)

Which statement accurately reflects the impact of pre-design changes compared to changes made later in the project?

Pre-design changes are often disregarded in favor of immediate design alterations.

Pre-design changes typically incur higher costs than changes made during construction.

Pre-design changes can significantly affect the project's trajectory with minimal expense. (correct)

Pre-design changes have the least impact and lowest cost compared to changes made later.

What is generally true about the duration and complexity of pre-design work?

Pre-design is considered optional and can be skipped without repercussions.

Pre-design is foundational and may take several years to execute well. (correct)

Pre-design work requires minimal expertise and few resources.

Pre-design work is usually completed in a matter of weeks.

Which of the following statements best describes the role of the architect concerning additional pre-design services?

Architects are encouraged to research additional pre-design services and their implications. Signup and view all the answers

What is often the consequence for clients who do not invest in integrated early design work?

They may encounter higher project costs due to unnecessary resource use. Signup and view all the answers

What is the primary purpose of a business case in project development?

To justify the need for further project definition and resource commitment Signup and view all the answers

Which of the following best describes a feasibility study?

A report analyzing the viability and practicability of a project Signup and view all the answers

What does a functional program identify for a building project?

The design objectives, site requirements, and future expandability Signup and view all the answers

In the context of pre-design services, what is the primary goal during this phase?

To provide foundational information for design decision-making Signup and view all the answers

What is the purpose of gap analysis in project development?

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

Study Notes

Definitions

Business Case: A document justifying a project by outlining its merits and the need for resources.
Feasibility Study: A comprehensive report assessing the viability of a project through economic, financial, market, regulatory, and technical analysis.
Functional Program: A detailed written statement outlining design objectives, site requirements, spatial needs, and building systems for a project.
Gap Analysis: A tool for identifying discrepancies between the current state and desired state of a project.
Pre-design Services: Architectural services offered prior to the schematic design phase to help outline the functional program and project scope, including financial and scheduling plans.

Importance of Pre-design Phase

Establishes a foundational understanding for both the client and architect for effective design decision-making.
Clarifies the purpose and objectives of the design-construction program.
Involves decisions on site selection, existing assets, program structure, and procurement methods.
Some clients may arrive prepared with prior planning and analysis, while others may need guidance on the value of pre-design investments.

MacLeamy Curve and Impact of Early Decision-Making

Early and strategic decision-making positively affects project quality, costs, and schedules.
Clients who invest in early design integration can reduce project risks and enhance value.
MacLeamy Curve illustrates that early design decisions optimize resources for successful outcomes and operational efficiency.
Cutting resources for effective design can counteract client interests.

Long-term Benefits of Pre-design

Pre-design is crucial and may take years to execute properly but remains essential for successful later design phases.
Projects investing in pre-design are more likely to meet timelines, budgets, and expectations.
Changes made during pre-design are less costly and impactful than modifications made in later phases.
Architects may coordinate additional pre-design services but should ensure they are informed about scope and fees.

Other Considerations

Some pre-design efforts might lead to actual building design commissions while others may not.
Architects must evaluate the potential benefits of pre-design before committing to such work.

Description

This quiz focuses on key definitions related to business cases, feasibility studies, and functional programs. It aims to assess your understanding of the essential components that determine project viability and resource allocation. Perfect for students and professionals in project management and business analysis.