Thomas wrote:
...
Speaking of large infrastructure projects, though, what is the difference between a Major Investment Study and Feasibility Analysis?
A Major Investment Study for a transportation project involves "local governments, planners and project sponsors [who] explore and analyze alternatives that can improve mobility and safety where the
proposed improvement is located."
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Once they settle on the preferred design a feasibility analysis looks at legal, economic, technological and scheduling factors to give project managers an idea of the possible negative and positive outcomes of the project. The feasibility analysis may turn up problems that require changes to the project. If possible the planners would then select an alternative that was outlined in the MIS.
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