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FEASIBILITY STUDY AND PROGRAM STAGE <br /> • Can cost control start at the feasibility stage? <br /> Cost planning starts at the feasibility stage of <br /> large and medium sized projects. A feasibility <br /> study is usually undertaken to determine the need <br /> �'I • for, and feasibility of, constructing a proposed <br /> � ) facility, and economic factors weigh heavily after <br /> e ' determining there is a demand and need for a <br /> facility. At this stage, approximate capital and <br /> Qoperating costs need to be established and their <br /> relationship considered against availability of <br /> funds. <br /> Often a feasibility study incorporates a building <br /> program. Whether or not a feasibility study has <br /> been undertaken and whether a large, medium or <br /> small size project is considered, it is fairly <br /> usual to have a building program prepared as needs <br /> are determined. Depending on the complexity and <br /> uniqueness of a building program, this can be done <br /> through independent consultants and/or the <br /> architect. The program will describe the proposed <br /> functions or activities and the facilities to <br /> support them. In addition, it will establish <br /> • performance, operational and quality criteria to <br /> guide the designers in later stages. No actual <br /> The building committee regularly meets design is yet involved however. <br /> to decide on the feasibility of the Once the .building program has been prepared, the <br /> project next question to be answered is generally "How much <br /> will this building cost?" <br /> It is important that you realize that a realistic, <br /> comprehensive budget can and should be prepared at <br /> this stage as the first steps towards securing a <br /> successful projec4 in financial terms. <br /> • <br /> 4 <br />