Investigating Factors Affecting Feasibility Study of Construction Projects in Iraq

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

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.

Keywords


Construction Projects Feasibility Study AHP Relative Importance Index Economic Feasibility

Full Text:

PDF

References


M. Mukherjee and S. Roy, "Feasibility Studies and Important Aspect of Project Management," International Journal of Advanced Engineering and Management, vol. 2, (4), pp. 98, 2017.

C. Cui et al, "Review of studies on the public–private partnerships (PPP) for infrastructure projects," International Journal of Project Management, vol. 36, (5), pp. 773-794, 2018.

R. S. Heralova, "Life Cycle Costing as an Important Contribution to Feasibility Study in Construction Projects," Procedia Engineering, vol. 196, pp. 565-570, 2017.

F. M. Halil et al, "Feasibility Study and Economic Assessment in Green Building Projects," Procedia - Social and Behavioral Sciences, vol. 222, pp. 56-64, 2016.

G. Jia et al, "Measuring the maturity of risk management in large-scale construction projects," Automation in Construction, vol. 34, pp. 56-66, 2013.

A. Abou-Zeid, A. Bushraa and M. Ezzat, "Overview of Feasibility Study Procedures for Public Construction Projects in Arab Countries," Journal of King Abdulaziz University-Engineering Sciences, vol. 18, (1), pp. 19-34, 2007.

A. R. Rumane, Quality Management in Construction Projects. (2nd ed.) 2016;2017;1. DOI: 10.1201/9781315098425.

M. M. Barbero-Barrera, A. J. C. Santos and M. R. Veiga, "The appearance and luminous properties of lime and gypsum pastes: A comparative analysis of different methods of measurement," Construction and Building Materials, vol. 221, pp. 562-572, 2019.

J. A. Graaskamp, "A Rational Approach To Feasibility-Analysis," The Appraisal Journal, vol. 40, (4), pp. 513, 1972.

M. E. Miles, Real Estate Development : Principles and Process. United States: 2000.

C.B. "Bud" Johnston Library, "Business 2257 Feasibility Study," 2016.

S. R. Mohammed, H. I. Naji and R. H. Ali, "Impact of the Feasibility Study on the Construction Projects," IOP Conference Series: Materials Science and Engineering, vol. 518, pp. 22074, 2019.

Anonymous "Financial Feasibility Studies for Property Development: Theory and Practice," Property Management, vol. 32, (4), pp. 362-363, 2014.

G. Ç. ULUBEYLİ, T. BİLİR and R. ARTIR, "Ceramic Wastes Usage as Alternative Aggregate in Mortar and Concrete," Periodicals of Engineering and Natural Sciences (PEN), vol. 5, (2), 2017.

G. Rey et al, "Performance analysis, model development and validation with experimental data of an ICE-based micro-CCHP system," Applied Thermal Engineering, vol. 76, pp. 233-244, 2015.

K. Cao et al, "Lifetime-aware real-time task scheduling on fault-tolerant mixed-criticality embedded systems," Future Generation Computer Systems, vol. 100, pp. 165-175, 2019.

S. Ulubeyli, A. Kazaz and V. Arslan, "A Structured Selection Process for Small and Medium Enterprises in Construction Industry: Case of International Projects," Periodicals of Engineering and Natural Sciences (PEN), vol. 5, (3), 2017.

M. Karabulut, "Application of Monte Carlo simulation and PERT/CPM techniques in planning of construction projects: A Case Study," Periodicals of Engineering and Natural Sciences (PEN), vol. 5, (3), 2017.

B. Durakovic and H. Basic, "Continuous Quality Improvement in Textile Processing by Statistical Process Control Tools: A Case Study of Medium-Sized Company," Periodicals of Engineering and Natural Sciences, vol. 1, no. 1, pp. 39-46, 2013.

B. Durakovic, "Design of Experiments Application, Concepts, Examples: State of the Art," Periodicals of Engineering and Natural Scinces, vol. 5, no. 3, p. 421‒439, 2017.

M. Hanine et al, "A new integrated methodology using modified Delphi-fuzzy AHP-PROMETHEE for Geospatial Business Intelligence selection," Information Systems and e-Business Management, vol. 15, (4), pp. 897-925, 2017.

A. Soltani and E. Z. Marandi, "HOSPITAL SITE SELECTION USING TWO-STAGE FUZZY MULTI-CRITERIA DECISION MAKING PROCESS," Journal of Urban and Environmental Engineering, vol. 5, (1), pp. 32-43, 2011.

P. Usta, "Sustainability of Traditional Buildings Located in Rural Area," Periodicals of Engineering and Natural Sciences (PEN), vol. 5, (2), 2017.




DOI: http://dx.doi.org/10.21533/pen.v7i3.664

Refbacks

  • There are currently no refbacks.


Copyright (c) 2019 Mohammed Neamah Ahmed, Hussein Ali Mohammed, Gafel Kareem Aswed, Wajde S. S. Alyhya

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

ISSN: 2303-4521

Digital Object Identifier DOI: 10.21533/pen

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License