What is the last step in the site selection process?

The last step in the site selection process involves conducting feasibility studies. After identifying potential sites, it is essential to evaluate the practicality and potential challenges of these sites. Feasibility studies assess various factors such as zoning requirements, environmental impacts, financial viability, and infrastructure availability that are critical in determining whether a chosen site can support the proposed development.

This step is crucial as it brings together all previous assessments and analyses to decide if the site can realistically accommodate the intended project. It provides insights into potential obstacles and the overall project's success, ensuring that the development aligns with the project's goals and local regulations. Conducting these studies helps to minimize risks and supports informed decision-making regarding the site’s suitability for development.

Each of the other steps—evaluating and ranking selected sites, identifying potential sites, and assembling the development team—are important components of the process but occur prior to conducting feasibility studies, making this step the final and most critical to confirm the site’s readiness for development.