Economic Sustainability Report: Project Feasibility and Analysis

This report delves into the multifaceted concept of economic sustainability, commencing with a comparative analysis between a project's business case and feasibility studies. It then highlights the crucial role of a project developer in enhancing financial feasibility, emphasizing their responsibilities in identifying project requirements and managing financial aspects. The report further explores the advantages and disadvantages of employing a Design-Build-Operate (DBO) contractor, specifically in the context of Seattle Public Utilities' benchmarking approach. It discusses the benefits, such as a single point of responsibility and innovation opportunities, while also acknowledging potential drawbacks like reduced design control and long-term risk management challenges. The report concludes with a bibliography of relevant sources, offering a comprehensive overview of the subject matter.

Running head: ECONOMIC SUSTAINABILITY
ECONOMIC SUSTAINABILITY
Name of the Student
Name of the University
Author Note

1ECONOMIC SUSTAINABILITY
Table of Contents
Difference between business case for a project and feasibility.......................................................2
Role of a project developer to improve financial feasibility...........................................................3
Advantages and disadvantages........................................................................................................4
Bibliography....................................................................................................................................6

2ECONOMIC SUSTAINABILITY
Difference between business case for a project and feasibility
The main purpose behind developing a business plan is that it helps in analyzing the
values that are related to organization and also helps in determining the cost associated with the
project. In addition to these businesses case helps in determining the feasibility, benefits and
overall requirements associated with the project. The information is needed for executing a
project effectively. Business case is needed for organizing the data sets that are associated with
the project. Before starting of a project it is important to develop a project business case based on
which the project components will be executed. The Tolt river water treatment plant project has
been designed for the purpose of understanding the way resources are managed within the
project. The business case has been developed for the project so that it becomes easy to
understand the overall resources that are needed for managing the project successfully. On the
other hand feasibility study is typically referred to the factor that includes the political,
geography, social economic and regulatory factors associated with the project. It is important for
every projected to determine the feasibility factors efficiently so that it becomes easy to make a
proper decision. Feasibility study is essential for managing all the project constraints. This
includes managing the internal constraints and external constraints as well. The main reason
behind conducting a feasibility study within our project is that it helps in improving the project
team focus and help in creating new opportunities. In addition to this it also helps in making
decision effectively for the project. Hence it can be stated that a project must develop the
business case at first stage for successfully executing a project. Feasibility study is important for
executing the project successfully. It is important to manage the performance so that the project
components can be developed successfully.

3ECONOMIC SUSTAINABILITY
Role of a project developer to improve financial feasibility
Project developer must have proper collaboration so that it becomes easy to manage the
time and budget associated with the project. Project developers are considered to be one of the
most efficient members for executing a project. It is important for every project team to have an
efficient project developer who will focus on implementing a project efficiently. The role of the
project developer is to identify the key requirements associated with the project so that it
becomes easy to manage the project components efficiently. Feasibility studies are carried out by
the project developer for the purpose of determining the capability of the project.
A project developer is responsible for managing the project components effectively and
ensures that all the necessary components related to a project had organized successfully. It is
important to ensure that the project components are managed successfully within a project. The
main reason behind carrying out feasibility study is to ensure that all the essential decisions are
made successfully. Feasibility studies are divided into several components that are technical
feasibility, economic feasibility, legal feasibility, she dealing feasibility and operational
feasibility. Financial feasibility is a part of economic feasibility. With the help of proper financial
feasibility it will become easy to manage the overall expenses and the cost related with the
project. Thus it is important for every project developers to manage the financial feasibility. The
project developer is responsible for identifying the overall cost and expenses that are associated
with developing the project. Once the resources and labor costs are determined successfully then
it becomes easy to generate a financial budget. As soon as the financial report is generated then it
becomes easy to determine the feasibility. Project developer plays a crucial role in managing the
financial feasibility. It is important to manage the feasibility for improving the performance.

4ECONOMIC SUSTAINABILITY
Advantages and disadvantages
Seatle public utilities bench marking approach has selected a DBO contracted for the purpose
of carrying out their major functionalities. The main reason behind a selecting DBO contractor is
that it offers a wide range of facilities towards the project and helps in designing the tolerance
effectively. With proper design it becomes easy to manage the work flow. This also ensures that
proper contractual developments is managed with proper liabilities and are determined at early
stages. However there are certain advantages and disadvantages that are offered with the DBO
contractor that are needed to be discussed. The project needs to be managed effectively so that it
becomes easy to carry out the project components efficiently. The lists of advantages that are
going to be offered with the use of DBO contract are discussed below:
 This offers a single point to responsibility for managing the activities
 Offers use the opportunity for innovating and delivering the projector quickly
 Insures that property efficiency is maintained within the construction and design phase
 Helps in maintaining the fitness and also insures that proper design has been developed
 Requires less changes and does not implementation within the system
 Reduces the overall body in for owner
 Increases the flexibility for managing the changes within the project
 Develop the property is the management for improving the performance
 Offers a great ability for evaluating contractors for managing the overall costs
 Offers effective ways for saving time and also ensures that overall costs have been
reduced

5ECONOMIC SUSTAINABILITY
Beside this, there are several disadvantages that can hamper the project execution process.
The disadvantages are discussed below:
 Lots of control and a reduction in involvement in design
 Cost tendering can be impacted
 System can be impacted
 Due to lack of control
 Limited pool of qualified a design builders are offered a
 It becomes difficult to manage long-term risk score
 There is a lack of a project definition
 Consequences can increase in the project

6ECONOMIC SUSTAINABILITY
Bibliography
Dalcher, D. (2017). Business case. In The Evolution of Project Management Practice (pp. 71-
86). Routledge.
Lupton, S. (2019). Which Contract?: choosing the appropriate building contract. Routledge.
Luque, J. P., Ikromov, N., & Noseworthy, W. B. (2019). Financial Feasibility Analysis: Planning
for the Possible. In Affordable Housing Development (pp. 81-87). Springer, Cham.
Mukherjee, M., & Roy, S. (2017). Feasibility studies and important aspect of project
management. International Journal of Advanced Engineering and Management, 2(4), 98-
100.
Nielsen, P. A., & Persson, J. S. (2017). Useful business cases: value creation in IS
projects. European Journal of Information Systems, 26(1), 66-83.
Venkatesh, V., Rai, A., & Maruping, L. M. (2018). Information systems projects and individual
developer outcomes: Role of project managers and process control. Information systems
research, 29(1), 127-148.
Zhankaziev, S., Gavrilyuk, M., Morozov, D., & Zabudsky, A. (2018). Scientific and
methodological approaches to the development of a feasibility study for intelligent
transportation systems. Transportation research procedia, 36, 841-847.