Conference paper
Re-Feasibility: Designing A Mobile Application For Initiating Feasibility Analysis
Proceedings of the 21st Pacific-Rim Real Estate Society Conference, pp.1-25
Pacific-Rim Real Estate Society (PRRES) Conference, 21st (Kuala Lumpur, Malaysia, 18-Jan-2015–21-Jan-2015)
Pacific Rim Real Estate Society (P R R E S)
2015
Abstract
Feasibility applications for mobile devices may provide consultants and aspiring developers with an appropriate tool to make informed decisions regarding the pursuit of a development proposal. Furthermore, through testing numerous proposals and witnessing the resultant returns in real-time, users of the applications may even employ a higher level of cognitive activity and enhance their functioning learning of how feasibility analysis works. While some feasibility applications for mobile devices are available a problem relates to the selection or procurement of an appropriate feasibility application, one which is robust and accurate, reflects the practice of the industry and is transparent in a manner where the financial workings of the model may be evaluated. This research relates to the design and development of a mobile application to enable prospective developers to efficiently assess the feasibility of a proposed project and enhance their learning of feasibility analysis. The project utilises principles and processes of design science, a novel approach in the property discipline, although a soundly based method in Information Technology. The ultimate aim of the research is to create a 'purposeful…artefact created to address an important organisational problem…, described effectively, enabling its implementation and application in an appropriate domain' (Hevner et al 2004, p.80). This paper presents a review of published research into feasibility studies, and the related emergent technologies, standards, guidance notes and information papers, to define the organisational problem. With the problem defined and product scoped, design science is applied as a problem solving paradigm, to extend human and organizational capabilities by creating a new and innovative artefact. The Real Estate Feasibility (REFeasibility) application designed and developed by the author is available through Apple's App[lication] store.
Details
- Title
- Re-Feasibility: Designing A Mobile Application For Initiating Feasibility Analysis
- Authors
- Steven Boyd (Author) - University of the Sunshine Coast - Faculty of Arts and Business
- Publication details
- Proceedings of the 21st Pacific-Rim Real Estate Society Conference, pp.1-25
- Conference details
- Pacific-Rim Real Estate Society (PRRES) Conference, 21st (Kuala Lumpur, Malaysia, 18-Jan-2015–21-Jan-2015)
- Publisher
- Pacific Rim Real Estate Society (P R R E S)
- Date published
- 2015
- Copyright note
- Copyright © 2015 The Author. Reproduced with permisison.
- Organisation Unit
- USC Business School - Legacy
- Language
- English
- Record Identifier
- 99449587902621
- Output Type
- Conference paper
Metrics
795 File views/ downloads
1259 Record Views