- Feasibility Studies
- Business Cases
Our feasibility assessments typically use a combination of techniques for market and financial testing. After the use of market testing to confirm assumptions and price points, we generate high level development costs and operating forecasts, and then use these to determine viability and further adjust the proposal.
We have existing models to input the operational forecasts into a commercial model suitable for the private sector to review in later tendering processes for leases / permits. Our development costs and jobs forecasts are used to generate the impact of the development phase. Then we typically generate 10 year forecasts of increased day and overnight visitation resulting from the initiative, and then multiply this by the standard day and overnight multipliers to create economic impact from the operation.
We can also use more sophisticated modelling, such as Cost Benefit Analysis and the Travel Cost Method.
The Shepparton Art Museum in Victoria (Australia) is now being built, following our Feasibility Study and Business Case