Execute feasibility study

Perform the evaluation and assessment of the potential of a project, plan, proposition or new idea. Realise a standardised study which is based on extensive investigation and research to support the process of decision making.

skill/competence

cross-sector

Execute feasibility study is an essential skill of the following occupations:

Software analyst: Software analysts elicit and prioritise user requirements, produce and document software specifications, test their application, and review them during software development. They act as the interface between the software users and the software development team.
Construction general supervisor: Construction general supervisors keep track of the proceedings of all stages in the building process. They coordinate the different teams, assign tasks, and resolve problems.
Real estate manager: Real estate managers handle and oversee the operational aspects of commercial or residential properties such as private apartments, office buildings and retail stores. They negotiate contracts for lease, identify and plan new real estate projects and construction of new buildings by partnering with a developer to identify the appropriate site for new buildings, coordinate the feasibility study for new constructions and supervise all the administrative and technical aspects involved in expanding the business. They maintain the premises and aim to increase its value. They hire, train and supervise personnel.
Geological engineer: Geological engineers apply geological knowledge for the assessment of sites, soils, slope stability, sediments and other observable characteristics in the Earth. They integrate this information in the planning and development of projects in those places. They assess and answer questions concerning the geological characteristics of soils by performing research and experiments of the sites aimed to be intervened.
Equipment engineer: Equipment engineers design and maintain the machinery and equipment in manufacturing facilities. They design machinery that adjusts to the manufacturing requirements and processes. Moreover, they envision the maintenance of the machines and equipment for uninterrupted functioning.

Component engineer: Component engineers design and envision the engineering development of different small parts composing a bigger project, machine, or process. They ensure that parts are not conflicting from an engineering perspective.
Heating, ventilation, air conditioning engineer: Heating, ventilation, air conditioning engineers design and develop heating, ventilation, air conditioning and possibly refrigeration systems for usage in residences, manufacturing sites, offices, commercial buildings, etc. They strive for solutions that serve the needs of clients and respond to architectural restrictions of sites.
Rotating equipment engineer: Rotating equipment engineers develop designs and specifications for rotating equipment according to any applicable standards. They also provide technical expertise and help ensure that all new and existing equipment installations are completed.
Construction engineer: Construction engineers interpret building designs and add technical specifications to construction projects. They integrate engineering principles into the designs to ensure that structures are safe and resistant. They work together with architects and engineers to transform design ideas into executable plans.
Enterprise architect: Enterprise architects balance technological opportunities with business requirements. They also maintain a holistic view of the organisation’s strategy, processes, information and ICT assets and link the business mission, strategy and processes to the ICT strategy.
Research engineer: Research engineers combine research skills and knowledge of engineering principles aiming to improve through research, processes, techniques, products, and systems at large. They perform experiments, for instance of natural structures such as honeycombs or tear-resistant spiderwebs, before determining the viability of alternative methods on a larger scale.
Land planner: Land planners visit sites in order to create projects and plans for land usage and development. They collect and analyse data about the land. Land planners provide advice on the efficiency and safety of development plans.
Electronics engineer: Electronic engineers research, design, and develop electronic systems such as circuits, semiconductor devices, and equipment that use electricity as a source of power. They work with capacitators, transistors, diodes or resistors to create electronic circuits and applications of use in fields such as telecommunications, acoustics, instruments, and control.
Agricultural engineer: Agricultural engineers intervene in a variety of matters within the agriculture field in combination with engineering concepts. They design and develop machinery and equipment for an efficient and sustainable exploitation of the land. They advise on the use of resources in agricultural sites comprising the usage of water and soil, harvesting methods, and waste management.
Robotics engineer: Robotics engineers design and develop robotic devices and applications in combination with mechanical engineering principles. They use pre-established designs and current developments for improving or inventing systems, machinery and equipment. They combine several knowledge fields such as computing, engineering, and electronics in the development of new engineering applications.
Naval architect: Naval architects design, build, maintain and repair all types of boats from pleasure crafts to naval vessels, including submarines. They analyse floating structures and take various features into account for their designs such as the form, structure, stability, resistance, access and propulsion of hulls.
Design engineer: Design engineers develop new conceptual and detailed designs. They create the look for these concepts or products and the systems used to make them. Design engineers work with engineers and marketers to enhance the functioning and efficiency of existing devices.
Interior planner: Interior planners help clients in planning their interiors for commercial and private use.
Rolling stock engineer: Rolling stock engineers design and oversee the manufacturing process and installation of rail vehicles, including locomotives, carriages, wagons and multiple units. They design new trains and electrical or mechanical parts, supervise modifications and resolve technical problems. They also perform routine maintenance duties to ensure that trains are in good condition and meet quality and safety standards.
Fluid power engineer: Fluid power engineers supervise the assembly, installation, maintenance, and testing of fluid power equipment in accordance with specified manufacturing processes. They create designs with schematics and assembly models, make drawings and bills of materials for components, and analyse equipment.
Industrial tool design engineer: Industrial tool design engineers design various industrial tools in accordance with customer needs, manufacturing requirements, and building specifications. They test the designs, look for solutions to any problems, and oversee production.
Architect: Architects investigate, design, and oversee the construction and development of buildings, urban spaces, infrastructure projects, and social spaces. They design in accordance with the surroundings and regulations applicable in specific geographic areas, taking into account factors that include function, aesthetics, costs, and public health and safety. They are aware of social contexts and environmental factors, which include the relationships between people and buildings, and buildings and the environment. They engage in multidisciplinary projects aimed at developing the social fabric of a geographic area and advancing in social urbanism projects. 
Automotive engineer: Automotive engineers design and oversee the manufacturing process and operation of motor vehicles such as motorcycles, cars, trucks, buses and their respective engineering systems. They design new vehicles or mechanical parts, supervise modifications and resolve technical problems. They make sure the designs comply with cost specifications and other constraints. They also conduct research studying environmental, energy and safety aspects.
Container equipment design engineer: Container equipment design engineers design equipment to contain products or liquids, according to set specifications, such as boilers or pressure vessels. They test the designs, look for solutions to any problems and oversee production.
Agricultural equipment design engineer: Agricultural equipment design engineers apply knowledge of engineering and biological science to solve various agricultural problems such as soil and water conservation and the processing of agricultural products. They design agricultural structures, machinery, equipment and processes.
ICT system analyst: ICT system analysts specify the system needs to meet the end user requirements. They analyse system functions in order to define their goals or purposes and to discover operations and procedures for accomplishing them most efficiently. They also design new IT solutions to improve business efficiency and productivity, produce outline designs and estimate costs of new systems, specify the operations the system will perform, and the way data will be viewed by the end user. They present the design to the users and work closely with the users to implement the solution.
Property developer: Property developers buy land, finance deals, order construction projects and orchestrate the process of development. They purchase a tract of land, decide on a marketing strategy, and develop the building program. Developers must also obtain legal approval and financing. When the project is finished, they may lease, manage, or sell the property.
Airport planning engineer: Airport planning engineers manage and coordinate the planning, design, and development programs in airports.
Aerospace engineer: Aerospace engineers develop, test and oversee the manufacture of flight vehicles such as aircrafts, missiles, and spacecrafts. The field of engineering they are active in, can be divided into two branches: aeronautical engineering and astronautical engineering.
Urban planner: Urban planners create development plans for towns, urban areas, cities, and regions. They research the needs of the community or the region (economic, social, transport) and evaluate other parameters such as sustainability in order to present solid programs aimed at the improvement of the site.
Instrumentation engineer: Instrumentation engineers envision and design equipment used in manufacturing processes for controlling and monitoring various engineering processes remotely. They design equipment for the monitoring of production sites such as manufacturing systems, machinery uses and production processes.

Execute feasibility study is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.

Satellite engineer: Satellite engineers develop, test and oversee the manufacture of satellite systems and satellite programmes. They may also develop software programs, collect and research data, and test the satellite systems. Satellite engineers can also develop systems to command and control satellites. They monitor satellites for issues and report on the behaviour of the satellite in orbit.
Financial manager: Financial managers handle all the matters in reference to the finance and investments of a company. They manage financial operations of companies such as the assets, liabilities, equity and cash flow aiming to maintain the financial health of the company and operative viability. Financial managers evaluate the strategic plans of the company in financial terms, maintain transparent financial operations for taxation and auditing bodies, and create the financial statements of the company at the end of the fiscal year.
Public funding advisor: Public funding advisors advise individuals and businesses about funding opportunities given by the government. They analyse the needs of clients, consult them on funds, grants and subsidies that apply to them and help with the application process. Public funding advisors also set up public grant administration in organisations.
Industrial engineer: Industrial engineers design a vast array of production systems aiming to present efficient and effective solutions. They integrate a varied number of variables such as workers, technology, ergonomics, production flows, and product specifications for the design and implementation of production systems. They can specify and design for microsystems as well.
Mechanical engineer: Mechanical engineers research, plan and design mechanical products and systems and supervise the fabrication, operation, application, installation and repair of systems and products. They research and analyse data.
Electrical engineer: Electrical engineers design and develop electrical systems, electrical equipment, components, motors, and equipment with the feature of energy transmission. They engage in large scale projects such as the design and maintenance of power stations, and the distribution of power to smaller applications such as household appliances.
Transport engineer: Transport engineers design and set the engineering specifications for the construction and development of roadways and transport infrastructure. They apply engineering concepts and knowledge for developing sustainable and efficient modes of transportation ranging from roads to canals, railways, and airports.
Fundraising manager:
Fundraising managers are responsible for raising money on behalf of organisations, often non-profit such as charities. Moreover, they manage the fundraised resources developing programs for its use. They perform a variety of tasks to raise money such as developing corporate partnerships, coordinating direct mail campaigns, organizing fundraisers, contacting donators or sponsors, and sourcing grant income from trusts, foundations and other statutory bodies.
Marine engineer: Marine engineers design, build, maintain and repair the hull, mechanical, electronic equipment and auxiliary systems such as engines, pumps, heating, ventilation, generator sets. They work on all types of boats from pleasure crafts to naval vessels, including submarines.
Civil engineer: Civil engineers design, plan, and develop technical and engineering specifications for infrastructure and construction projects. They apply engineering knowledge in a vast array of projects, from the construction of infrastructure for transportation, housing projects, and luxury buildings, to the construction of natural sites. They design plans that seek to optimise materials and integrate specifications and resource allocation within the time constraints.
Application engineer: Application engineers deal with the technical requirements, management, and design for the development of various engineering applications, such as systems, new product designs, or the improvements of processes. They are responsible for the implementation of a design or process improvement, they offer technical support for products, answer questions about the technical functionality and assist the sales team.

References

1. Execute feasibility study – ESCO