Investigating factors affecting feasibility study of construction projects in iraq

Mohammed Neamah Ahmed,Gafel Kareem Aswed,Wajde S S Alyhya,Hussein Ali Mohammed

doi:10.21533/pen.v7i3.664

Mohammed Neamah Ahmed, Gafel Kareem Aswed + Show 2 more

Open Access

https://doi.org/10.21533/pen.v7i3.664

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Abstract

The views at the construction field emboss that construction parties are looking for a higher benefit during implementing aspects of any project. The feasibility study is one of the serious and significant matters in construction sectors as well as in other engineering fields as it has a high impact on investment decision-making. To gain rigorous decisions from decision-makers or contractual parties (client, consultant, and contractor), there is a need for valuable feasibility studies in any construction project. This paper aims to study the influence of some identified factors on feasibility studies as well as the extents of priorities of various feasibility studies. In this paper, the critical factors that have an impact on sequences of initial feasibility studies during the lifecycle of a construction project were identified as well as the associated studies (legal, environment, marketing, technical, managerial, schedule, financial and economic). In this study, 12 factors were identified, analyzed, and thoroughly discussed to have recommendations of their impact on initial feasibility in construction projects in Iraq via a questionnaire survey and a series of expert interviews conducted in Iraq. The Analytical Hierarchy Process (AHP) as a multi-criteria decision support system was adopted to examine the weight of each factor. In addition, an analysis by the Relative Importance Index (RII) was carried out to rank eight types of feasibility studies in terms of their perceived importance. The results of AHP indicated that the local shortage of database about the feasibility study was the most critical factor. Indeed, RII's result showed that all kinds of feasibility for construction projects in Iraq are not adopted by the client. In fact, the economic feasibility study was the most popular than others.

Highlights

Feasibility analysis is a detailed study of how a project can be completed and accounting for factors that might affect it such as technological, economic, legal and scheduling factors [1]
This research has explored some critical factors that are affecting for conducting a feasibility study and ranked them from the viewpoints of different respondent groups have significant linked and direct contact with a feasibility study
The final outcomes of this paper through the pairwise comparing between the factors with respect to the goal of research by using the Analytical Hierarchy Process (AHP) software program, indicates the shortage of Database (DB) with relative weight (25.8 %), and shortage in experiences in field knowledge (18.2%), which get the highest relative weight in making the significant impacts on initial feasibility

Summary

Introduction

Feasibility analysis is a detailed study of how a project can be completed and accounting for factors that might affect it such as technological, economic, legal and scheduling factors [1]. Feasibility analysis allows determining and organizing all the necessary details to produce successful business work [2]. It has become one of the most important tools for strategic planning nowadays. The following studies represent the frameworks of the dimensions of business viability: (market, economic, financial, technical, environmental, legal, schedule, and managerial) Those studies represent the main types of feasibility study, which are necessary for any business frames [10,11]. These factors are posted different levels of impacts (down or up) on an initial feasibility study in systematic construction sector [14,15]

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