Impact of the Feasibility Study on the Construction Projects

Abstract

Abstract A Feasibility studies include recognizing and analyzing the power and the flaws of the project, in conjunction, also defining the chance and intimidations external the company within the construction industry. There are a number of problems of the feasibility study as it regards overlooked part in Iraqi construction industry and the problems of feasibility studies abuses. Misinterpretation of study stages and also having incorrect idea of the goal of the feasibility studies. Other factors that affect directly and negatively in the Iraqi industry such as delay, cost, and other issues that affect quality of the construction projects The aim of this paper Assess the awareness level of the feasibility study in construction projects and to determine the effects of feasibility study in construction industry and to identify the causes of abuses of feasibility study in construction industry. The methodology of the paper includes survey and formulation of the questionnaire to identify the factor the cause the feasibility study to fail and then use system dynamic to analysis the impact of these factors. The results show that the feasibility study is neglected part in Iraqi construction project due to the fact that its neglected, the were abuse in use the abuse of the feasibility study lead to cost and time over runs, and system dynamic technique approved to be a significant in the analysis of the impact of the.