ANALYSIS OF THE IMPACT OF FEASIBILITY &VIABILITY STUDY ON TETFUND PROJECT IN NIGERIA TERTIARY INSTITUTION

ABSTRACT Feasibility study in construction is very important as well in Tetfund projects in Nigeria tertiary institutions. This is required at early stage of every project and may have a negative impact on such projects if not done effectively. This study aimed to examine the analysis impact of the impact of feasibility& viability study on Tetfund project in Nigeria tertiary institution with the following objective identify the critical components of feasibility studies conducted for Tetfund projects in Nigerian tertiary institutions, identify the Challenges Faced in Conducting Effective Feasibility Studies for TETFund projects in Nigeria institution, assess the impact of feasibility studies on TETFund projects in Nigeria tertiary institutions. Questionnaire survey was used: out of 60 questionnaires that were sent out, 53 questionnaires were retrieved from respondents in works, physical planning and procurement unit in the selected tertiary institutions in Osun state. The data were analyzed using percentile and relative importance index (RII). The findings showed that: Technical feasibility, economical & financial feasibility and risk assessment are the major critical component of feasibility studies conducted for Tetfund projects in Nigerian tertiary institutions. It can also be observed that the major challenges faced are Data availability & accuracy issues, limited stakeholder collaboration and risk identification challenges. It was recommended that the technical feasibility, Economic & Financial feasibility and Risk Assessment as the major critical component of feasibility studies conducted for Tetfund projects in Nigeria tertiary institutions.