Description:

A Feasibility Study is an internal campus study used to broadly outline the goals and objectives of a capital development project.  The target audience is the members of the BCPC and the Chancellor's Executive Committee.

The format for a Feasibility Study parallels criteria used by the Board of Regents in prioritizing capital projects.  A general outline is:

I.  Introduction

A. Purpose
B.Program and Facilities Needs
C. Space Needs Analysis
D.  Tenative Schedule

II.  Responsiveness to Boulder Campus Strategic Goals

III. Health & Safety Issues

IV.  Quality and Capacity Issues

V.  Evidence of State Award of Excellence

VI. Financial Feasibility Budget

A.  Summary of Project Costs
B.  Financial Model and Source of Funds
C.  Comments from Financial Officers

VII.  Construction impacts

VIII.  Assessment of Positive and Negative Issues Related to the Project

A. Transportation Issues
B. Environmental/Ecological Issues
C. Fit with Adjacent Programs and Facilities
D. Compatibility with Campus and Community Neighbors 
E.  Political and Legal Issues

Notes:

1)  The Feasibility Study documents the desires of the Project Initiator and is not critically tested.

2)  The study uses information known at the time the study is conducted.  During program planning, additional information is gained about infrastructure capacities that may change project costs. 

3)  Cost developed in the study are expressed as cost ranges and these should be used in discussions about the potential project.

4)  A typical Feasibility Study cost between $5,000 and $10,000 depending on the scope and complexity of the project.  Some revent projects have sought more definitive detail (usually done during program planning) and have paid for market studies, building audits or other types of consulting studies during this phase.