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Analysis Of The Impact Of Feasibility/viability Study On Capital Project Development In Nigeria
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1.6 SCOPE OF STUDY
This research focuses mainly on the
impact of feasibility and viability appraisal on the development of
capital projects in Owerri urban. Results and recommendations may not be
used to generalise other Cities in Nigeria, as the researcher could not
cover a wider scope due to financial and time constraints.
Based on
the findings of this study other possible researchable areas may include
studies on the various effects of other aspects of recreational
development such as property laws in Nigeria and property management and
control.
1.7 LIMITATION OF THE STUDY
The only limitation faced by
the researcher in the course of carrying out this study was the delay
in getting data from the various respondents. Most respondents were
reluctant in filling questionnaires administered to them due to their
busy schedules and nature of their work. The researcher found it
difficult to collect responses from the various respondents, and this
almost hampered the success of this study.
1.8 DEFINITION OF TERMS
Definitions
of terms serve as the dictionary of this research. The terms are
defined to enable the reader understand the research more clearly.
Feasibility:
Erikson (2002) defined feasibility as an evaluation and analysis of the
potential of the proposed project which is based on extensive
investigation and research to give full comfort to the decisions makers.
Viability: According to Simmons (2007),Viable or viability is the
ability of a thing (a living organism, an artificial system, an idea,
etc.) to maintain itself or recover its potentialities.
Capital
Project: this refers to long term investment requiring relatively large
sums to acquire, develop, improve, and to maintain.
REFERENCES
Allan
et al, 2007 Techniques for Effective property management (A John Wiley
& Sons, Inc., Publication Hoboken, New Jersey. Published
simultaneously in Canada.)
Erikson O. U., (2002) Urban Planning and
development in a Depressed Economy.Unpublished M.Ed. Dissertation
Submitted to University of Ibadan. Ibadan
Naaranoja J.K and Uden
P.I., (2007). Principle and practice of Feasibility Studies In Nigeria
(Owerri: Springfield publishers, 2006) p.31
Simmons P.K. (2007) Understanding Feasibility and Viability Analysis New York: Westside Publishers
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