Chora’s feasibility planning guarantees a bump-free implementation of your ideas. As such, it provides a bulwark against wasted time, energy, and money down the road.
Why do you need a feasibility study? To determine whether a capital project (that is, a renovation or physical expansion) is affordable, attuned to the institution’s vision, and compatible with sustainable operations. Before hiring an architectural firm to prepare a master plan, strategic, programmatic, and financial clarity is a must.
The upshot of a feasibility study is a report on market context, realistic attendance potential, capital costs, and operating budgetary impact of the project. A rigorous feasibility study goes a long way toward mitigating the risk of the missteps and backtracking that too often bedevil museum projects. Ultimately, investment in feasibility planning saves money and time.
A Chora-led Feasibility Study is a customized, collegial, inclusive facilitated process that involves the museum’s key stakeholders and the upfront expert advice of an architectural and engineering firm. It typically consists of eight phases, some of which can overlap, lasting about one year. The best part: Chora will be with you every step of the way.