Elements and Performance Criteria
- Identify potential new projects.
- Organisation's project history is examined to identify projects with successful or above average outcomes for characteristic evaluation.
- Property and construction market is reviewed for available sites and buildings with development potential.
- New trends in development and construction are monitored.
- Available statistical data on possible areas of project development is analysed.
- Network contacts are used to source businesses requiring new or upgraded facilities.
- Most promising projects are short-listed and preliminary costings and returns are prepared.
- Formulate development proposals and feasibility studies.
- Short-listed projects are reviewed to facilitate selection of preferred options for detailed design work.
- Project briefs are developed.
- Environmental impact of projects is reviewed and any existing Environmental Impact Statement is assessed.
- Feasibility studies are carried out on the project's commercial viability, and capacity to generate income through the various alternatives is ascertained.
- Accurate costings are generated for each proposal.
- Discussions are held with potential clients and investors and the benefits and risks of each project are explained.
- Decision to proceed is taken once client and investor agreement is obtained.
- Negotiate project approvals.
- Obtain project finance.
- Manage the commissioning of a project.
- Project consultants are appointed and retained.
- Documentation for proposed project is prepared, checked against the brief and sent for formal building approval.
- Detailed costing of approved documentation is completed.
- Modifications are made to the project to bring it within or under budget if required.
- Final decision is made to proceed with the project or defer to a future date.