A Project Feasibility Analysis helps to understand the scope, identify major challenges and then identify potential design optimization approaches to decrease safety risk, improve schedule and reduce the total installed cost. In a Project Feasibility Analysis, your fabricator looks at your project based on a set of criteria to better understand the project goals, develop a design strategy and define the critical requirements for the fabrication process.
A Project Feasibility Analysis is used to determine if the project is
- technically feasible
- feasible within the estimated cost, and
- will be successful.
Here are three things that your fabrication company will discuss with you during a Comprehensive Project Feasibility Analysis:
Assessment of design and constructability considerations
During the assessment of design and constructability considerations stage, technical experts weigh in to determine your project’s unique requirements. This includes looking at structural and plate section requirements and material grade considerations. The need for any customized components is also considered. Material availability and resources are researched and suggested based on availability and the project’s needs and budget.
Designing for efficiency is looked at as well as timelines for the build. Insights from a variety of perspectives, from seasoned professionals are factored in and ownership functionality is kept in mind.
With your project’s goals in mind, design for modularization is also explored during this stage.
Safety and construction quality are the driving priorities throughout the assessment of design and constructability considerations.
Detailed analysis of key issues
Risk mitigation is crucial to a project’s success. During the analysis stage, your fabrication company will have a critical look at any obstacles the project might face. These include risks related to:
- Fabrication – the product and environment are two of the dynamics that need to be considered for what type of material, as well as what types of members should be used. Additionally, consideration needs to be given to what material(s) are in the marketplace at aggressive pricing.
- Transportation – transportation challenges can include height, width and weight restrictions, depending on where the modules are being shipped to. Additional challenges can be faced when items need shipping to remote locations. Special challenges include the access roadways to-and-from the location and logistical challenges such as high-voltage power lines.
- Installation – logistics for the on-time delivery of components for on-site installation are explored. When analyzing installation specifications, your fabrication company can make suggestions to help you lower your total installed cost as applicable.
Formal documentation of best practices and recommendations
At the end of a Comprehensive Feasibility Analysis, your fabrication company will give you detailed documentation of best recommendations and practices for your project based on expert opinion. At this point, you will have a clear understanding of what it will take to make your project a success. Your fabrication company will suggest a plan of action.
Typically, a Comprehensive Feasibility Analysis will take anywhere between two to four months to complete.
Our experts at Saskarc bring over 25 years of experience in fabrication and modularization to the table, including the fabrication and shipping of oversized items. We offer both a preliminary and comprehensive Feasibility Analysis to meet your project’s needs.
See what our customers have to say about working with us and consider asking our experts to give your project a Comprehensive Feasibility Analysis today.
