Perform demand analysis
A detailed and precise demand analysis reflecting the real market needs is the key to a successful project. In case of a reasonable demand, further economic details have to be evaluated by defining a business case.
Involve key players
Dependent on the intended business model the early involvement of key players can be of advantage. The connection between the theoretical planning and the practical implementation can be simplified if key players already involved.
Define project scope
A clear project definition contributes to increase transparency and comprehensibility of the project. The definition should submit the overall project idea and vision as well as the intended outcome.
The integration of stakeholders is of high relevance for the acceptance of the project. Stakeholder participation by informing and listening contributes to a target-orientated implementation.
Create implementation plan
The implementation phase should be well organized in order to avoid in-efficiencies. The process can be accelerated through the participation of selected stakeholders.
Search optimal location
Location decisions for new infrastructures should be based on a broad and detailed assessment of all relevant location choice criteria and consider all locations as well as potential alternatives.
Assess economic feasibility
An economic view on the project in form of a cost-benefit-analysis will give a reference for the final decision on the project. The decision can be made on the basis of the overall result or the (long-term) profitability.