MGMT627
Assignment No.1
STUDENT ID: BC190400021
SOLUTION:
Feasibility
Criteria
Market Demand
Financial
Feasibility
Regulatory
Compliance
Technical
Feasibility
Environmental
Impact
Parameters
Assessment
Lahore has a growing population with
Justify the demand for project (e.g.,
increasing health care needs. The demand
residential building) in the target
for a new hospital is justified by the rising
area.
population density and the inadequacy of
existing healthcare facilities
The financial resources required for the new
hospital construction include land
Evaluate the financial resources
acquisition, construction costs and
required, cost estimates, and
equipment. Cost estimates indicate a
funding options.
substantial but justified investment. Funding
options include a mix of bank loans and
collaboration with healthcare investors.
Legal and regulatory requirements involve
Determine the legal and regulatory
obtaining construction permits. Healthcare
requirements for the project.
licenses, and adherence to building codes.
Compliance is feasible with proper planning
and coordination with regulatory authorities.
Technical requirements encompass skilled
Evaluate the technical
labor, medical equipment and advanced
requirements, expertise needed,
technology
for
healthcare
services.
and available technology
Availability of expertise and technology in
Lahore supports the technical feasibility of
the project.
The construction’s environmental impact
will be managed through eco-friendly
Assess the environmental impact of
practices and adherence to environmental
the construction project
regulations. Proper waste disposal and
energy efficient design will minimize the
negative consequences.
Feasibility Assessment:
Based on the evaluation, the construction of a new hospital in Lahore is deemed feasible. The
strong demand for healthcare services, viable financial planning, achievable regulatory
compliance, technical feasibility, and environmentally conscious practices contribute to the
project's overall feasibility.
- Strengths and Weaknesses:
- Strengths:
Growing market demand, sound financial planning. and technical feasibility.
- Weaknesses:
Potential regulatory hurdles, which can be mitigated through proactive engagement with
regulatory bodies. Overall. the strengths outweigh the weaknesses. Making the project is a viable
and beneficial endeavor for the construction firm.