At the AusIMM Project Evaluation Conference 2016 in Adelaide, Neil Cusworth presented an update of his Use and Abuse of Feasibility Studies 2007 paper.
‘The use and abuse of feasibility studies – has anything changed?’ won best conference presentation.
The presentation discusses the paper on this topic.
Projects whose expectations have been set after comprehensive, detailed and integrated feasibility studies and that are then delivered by experienced, integrated teams encompassing all relevant areas of project expertise are able to deliver predictable project outcomes regardless of the inherent project factors or external macroeconomic circumstances.
The impact of the uncontrollable changes in external macroeconomic circumstances will be lessened if all other aspects of a project’s planning and execution are well controlled.