Some considerations regarding a feasibility analysis for civil works projects

Abstract

This theoretical article aims to delve into the complexities of feasibility analysis for civil engineering projects, highlighting its importance, methodology and key components. For the development of the article, a bibliographic research was assumed in which theoretical methods were used that facilitated the review of the literature using the following procedure: Compile relevant information, critically evaluate the information and synthesize the information in the organization and summary of the findings from the literature reviewed, identifying key concepts and theories; arriving at the following conclusions: Feasibility analysis is a fundamental tool to evaluate the viability of civil works projects, ensuring their success and minimizing risks, it is a dynamic process that must be continually updated throughout the life cycle of the project to reflect changes in conditions and risks. A comprehensive feasibility analysis should consider technical, economic, legal, environmental and social aspects to provide a complete view of the project’s viability. Feasibility analysis is an essential tool for evaluating the viability of civil engineering projects. Various methodologies, approaches and tools are available to perform feasibility analysis, and continued research and development is leading to advances in this field. The integration of AI, big data and data analytics, and the focus on sustainability are some of the future trends that will shape feasibility analysis in the coming years.