4 Factors Affecting the Need for Feasibility Analysis (For Local Construction Projects)

Abstract

In Pakistan, the majority of the local constructionprojects are opted without feasibility analysis on the basis ofpreviously worked data without examining the current scenario.However, for foreign-funded project feasibility analysis alongwith standard guidelines is conducted, but in case of domesticallyfunded projects, it is often omitted. This research has uncoveredcritical factors affecting feasibility for the local constructionindustry of Pakistan. Field data are extracted from ongoingconstruction projects which are domestically funded. RelativeImportance Index (RII) analysis was carried out first to rank thefactors in terms of their perceived importance. Spearman’s rankcorrelation analysis was also done in this regard. The findings ofthe study might promote construction practitioners to focus onthe need for feasibility analysis for local projects too.