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Analysis Of The Impact Of Feasibility/viability Study On Capital Project Development In Nigeria
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1.3 RESEARCH OBJECTIVES
To explore feasibility and viability appraisal techniques used by Contractors of capital projects in Owerri Urban.
To assess awareness and usage of formal feasibility and viability appraisal techniques by Contractors in Owerri Urban.
To examine the success or failure of the feasibility and viability appraisal methods by Contractors in Owerri urban.
To evaluate the impact of feasibility and viability appraisals on the development of capital projects in Owerri Urban.
1.4 RESEARCH QUSTIONS
What feasibility and viability appraisal techniques are used by capital project contractors in Owerri Urban?
How
do you gather information about newer feasibility and viability
appraisal techniques and strategies to be applied in your on-going
projects?
What are the impacts of feasibility and viability appraisal on the development of capital projects?
1.5 RESEARCH HYPOTHESIS
Ho: There is no significant relationship between feasibility study and the performance of contractors.
Hi: There is a significant relationship between feasibility study and the performance of contractors.
Ho: Feasibility study does not enhance quality deliverable in capital projects.
Hi: Feasibility study enhances quality deliverable in capital projects.
1.6 SIGNIFICANCE OF THE STUDY
This
study gives a clear insight into the various ways in which Capital
Project developers and owners in Owerri can maximise efficiency and
profits through effective and efficient application of feasibility and
viability appraisal methods and techniques. The study also gives a clear
insight into the various impacts of feasibility and viability appraisal
methods on the development of recreation properties in Owerri. The
findings and recommendations of the researcher will help in building a
strong and better appraisal technique and strategies for Capital Project
developers in Owerri state. The impact of feasibility and viability on
Capital Project development in Owerri Urban are outlined in-order for
drastic measures to be taken to tackle any challenge property owners and
developers may face when developing recreational centres in Owerri
state.
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