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Review of the studies
| Study | Reference | Location | Methods | Population & sampling | Findings |
|---|---|---|---|---|---|
| 1 | Mackenzie and Cusworth (2007) | Australia | Literature review | N/A | Methods to improve feasibilities and roles of feasibilities |
| 2 | Kwaku Osei (2016) | Ghana | Literature review and case study | One mine | Found an average cost overrun of 25% and methods to improve feasibilities to fit some roles |
| 3 | Sudhana (2016) | Indonesia | Semi-systematic literature review and case study | One hotel | Factors that influence the quality of feasibilities as well as the role of a feasibility from the developer’s perspective |
| 4 | Perera et al. (2016) | China and the UK | Questionnaire survey and business case analysis | Three cost and commercial management practices, each from the two countries | Comparing the UK and China’s cost management systems (including feasibilities), and proposing a neutral framework for both to use |
| 5 | Mukherjee and Roy (2017) | India/worldwide | Literature review | N/A | Factors that influence the success of feasibilities and methods to improve feasibilities to fit some roles |
| 6 | Heralova (2017) | Czech Republic | Case study | One office building | Life cycle costing is seen as part of the role of a feasibility |
| 7 | Anees et al. (2018) | Pakistan | Questionnaire | Client, consultants and contractor: 56 responses | Roles of feasibilities |
| 8 | Syed Alwee et al. (2019) | Malaysia | Questionnaire | QSs, architects and engineers: 52 responses | Roles of feasibilities |
| 9 | Kgaka (2018) | South Africa | Interviews | Six developers in commercial sector | Feasibilities in South Africa are prone to overestimate the forecasted income. Factors influencing the success of feasibilities in terms of roles |
| 10 | Kimaru (2018) | Kenya | Interviews and questionnaires | Real estate developers: 5 interviews and 69 questionnaires. Estate agents: 5 interviews and 36 questionnaires within Nairobi City County | The effect of off-plan sales (including the use of feasibility studies and the developers’ perspective) |
| 11 | Willemse (2019) | South Africa | Questionnaire and interviews | QS, engineers and project managers responded to questionnaires. Three interviews: 2 QS and 1 project manager | Complete and thorough studies are not conducted in South Africa. South Africa requires the development of tailored procedures/standards for feasibilities. Feasibilities do not follow best practices. Reported on the roles of feasibilities |
Codes, frequency and quotes
| Code | Freq. | Quotes |
|---|---|---|
| Secure income | 2 | ‘…when it comes to securing income’ (Q03) |
| Tool to advice | 3 | ‘The feasibility study would be the ultimate tool, to be able to advise the client’ (Q02) |
| Early involvement | 2 | ‘QSs are being called in at earlier stages in the projects’ (Q05) |
| Specialist field | 2 | ‘I think feasibilities is always a very specialised field’ (Q16) |
| Company success | 2 | ‘The feasibility in the QS firm is 90% of your company’s success’ (Q17) |
| Reputation | 7 | ‘The feasibility study is also linked to the reputation of the QS’ (Q02) |
| Acceptable depth | 1 | ‘… how much debt could one put into that system?’ (D12) |
| Negotiations with tenants | 4 | ‘To facilitate deals with tenants’ (D09) |
| Negotiations for land | 3 | ‘It’s in pursuit of acquiring land’ (D10) |
| Progress and performance measurement | 2 | ‘…to measure our progress’ (D05) |
| Basis for as-built feasibility | 1 | ‘I then have to finalise what we call an as built feasibility’ (D17) |
| Manage risks | 1 | ‘A feasibility tends to probably guide you on certain risks’ (D07) |
| Assurance of return | 2 | ‘A feasibility study for me is to get the proposed return’ (D01) |
| Business plan | 1 | ‘… it’s almost like a business plan’ (D03) |
| Gate keeper | 6 | ‘The feasibility study is basically the finger on the trigger’ (D05) |
| Solve problems | 1 | ‘We focus on the commercial solution…’ (D06) |
| Sensitivity analysis | 2 | ‘Another thing that you can develop from a feasibility is what-if situations and sensitivity analysis’ (Q05) |
| Value engineering | 2 | ‘And it’s very important from a value engineering perspective’ (D20) |
| Negotiations of professional fees | 3 | ‘…that the fees they included is accurate and was negotiated with the professional team’ (D01) |
| Acquire financing | 5 | ‘… when you’re looking for finance’ (Q19) |
| Budget | 12 | ‘… it becomes my budget’ (D20) |
| Cost control | 9 | ‘It’s also the basis of your monthly cost reports that you need to present’ (D01) |
| Decision-making tool | 12 | ‘The feasibility study is the basis for making the decision to go ahead with the project’ (D11) |