The purpose of the Executive Summary is to provide a very brief overview of the most essential and decision-relevant information concerning the project. List recommended options for analysis. This section will describe the feasibility study preparation and analysis pdf asset requirements of the proposed project. Provide a description of the asset.
Include a statement as to the overall condition of the asset and its main systems, including any limitations it may have. Identify upcoming project requirements for the asset, other than those associated with the current project. Briefly discuss the operational, financial, and functional performance of the asset, and whether performance targets for the asset are being met. Identify any operational, financial or functional performance issues which may be relevant to the project. This information can be summarized from the AMP. Identify any future plans pertaining to the use of the asset. Identify any strategic considerations of relevance to this project.
Briefly discuss how the continued utilization of the subject property conforms to regional or local accommodation strategies. Reference any related documents that report the problem, need or opportunity. This section will describe the major clients requirements of the proposed project. Note: If it is a portfolio acquisition, then the potential client department and requirements should be identified. Identify any special considerations that relate to either the client’s requirements or the nature of the assets. Examples of this may include a client’s requirements for a specific location or type of location, the enhanced security requirements of a highly sensitive department, or the special requirements posed by a heritage building. Summary information should be provided as to why these special requirements exist.
Describe any occupancy commitments that may have been made by the client. The analyst should identify the term of this commitment and discuss what is likely to happen after the commitment expires. Potential for non-compliance with space fit-up standards. Timing – duration of occupancy. Real Property Investment Guide, Section 4.
The purpose of this section is to list and analyze all available options for meeting the identified project requirements, and to document the results of the feasibility assessment of each of the options. Identify and describe all reasonable options for satisfying the project requirements. At this stage, it is preferable to identify a greater number of options and then rule them out, rather than focusing too early on only a very limited number of options. Identify those options which are to be carried forward for in-depth analysis, and those options which are clearly not practical and which will be eliminated from further consideration.
Briefly state why the eliminated options are not being considered for further analysis. In preparing this section, ensure that all reasonable options for providing accommodation have been explored. The feasible options that will be analyzed need to be developed and their estimated duration must be determined. The analysis of non-financial factors is intended to ensure that all qualitative factors that contribute to providing value to the federal government are taken into account in the investment analysis. How well each option satisfies the identified client requirements. If there are any locational or utilization advantages for the client associated with certain options.
The extent to which each option is responsive to identified timing requirements. Differences between the options with respect to various policy and regulatory requirements such as for health, safety, sustainability, accessibility, contribution to the community, and federal presence. The difference in the weights for the criteria should not be so large as to negate the importance of all but the top weighted criterion. Ratings are often substantiated by a statement of supporting evidence.
The evaluation framework can assist the analyst in making appropriate trade-offs between the benefits provided by different options, and arriving at a recommended approach which provides the greatest overall utility. The following example illustrates the layout of an evaluation matrix. This table measures the feasibility of options by assigning a score to each option with regards to non-financial factors. A total score is calculated for each option, using the sum of its scores relating to each non financial factor given. Describe the results of the analysis, including the rationale behind the ratings and weighting factors that were applied, and the conclusions that were reached. Details of the analysis may be included as an appendix. The first step is to identify the risk factors that could be relevant for each of the options being analysed.
Once the risk factors have been identified, it is necessary to evaluate the relative level of risk associated with each of the options. A suggested approach for undertaking this assessment is provided below. However, other methodologies may be employed. Identify all sources of risk associated with each option under consideration.