Commitment to any project should stem from informed confidence in positive outcomes at the start, rather than an unformed hope that everything will come out positive in the end. A Schmidt Associates feasibility study is an important step towards that confidence.
What Do You Need?
This simple yet profound enquiry starts off each Schmidt Associates feasibility study. With a specific project focus, we apply a range of the Big Questions to gauge the desired outcome, the attitudes and requirements of key stakeholders and the practical implications of the planned endeavor.
Asking The Right Questions Stimulates The Most Useful Answers
Who needs what? Why? By when? How much do we have to spend? How much do we want to spend? What will be involved? How much will it cost? These are the issues that shape every construction related project at the deepest level. Answering them with facts based on insight and focused research is the objective of each of our feasibility studies. First and foremost though, each study is an exercise in identifying, managing and mitigating risk. Knowing the answers removes the risks associated with embarking on the wrong project in the first place, or on the right project but in the wrong way. A feasibility study is a highly cost-effective and risk free route to discovering not simply if a project is possible, but if it is desirable in terms of beneficial impacts and affordable in terms of budget, potential disruption and any other factors specific to the situation.
A Schmidt Associates feasibility study generates answers the “easy” way, in advance of major capital expenditure or potentially adverse impacts. The “hard way” is to initiate the work and then discover the downsides as they become reality. It provides a clear overview and detailed ground level picture of how a project might look as a delivered development, how much it will likely cost, the most efficient and effective ways to make it happen and the optimum impact it can make on its key stakeholders. The results are more even than high value management information. They can be used to bring on board influential parties, from planners to funding bodies. And they maintain an open and collaborative environment where communities and their representatives feel informed and involved.