Preliminary site assessments are undertaken to determine the most suitable land-use in terms of development and planning, or for construction purposes. This exercise is not only suited for large corporate projects, but also beneficial for individuals, especially those engaged in construction projects in urban areas where pressures on land are great. Furthermore, its best practice to include a section of environmental impact assessment of the proposed project when carrying out this exercise.
When a project is proposed, an important first step towards actualizing it is to assess the value, plausibility and potential of the activity. A feasibility study involves an in-depth exploration that looks at every aspect of the project, aiming to generate an objective picture of the costs, benefits and risks before going ahead. Feasibility studies may also be undertaken for ongoing projects or ventures, to determine whether they are still realistic.