How feasibility study

How feasibility study

Feasibility

Economic viability is the process of gathering information about the proposed project, and analyze this information in order to reach a decision on the implementation of this proposed project, where it is to know the extent of the project's success or defeat, and the risks that threaten the success of the project, the profits to be gained. The move worked a feasibility study for any project big or small is an important and necessary step, to avoid a loss in investor money, time and effort.

The components of the economic feasibility study

 Feasibility Study: This step involves economic assessment of the project, and who cares about the economic Alamogordo the entire community and not just the owner of the project, in addition to the costs of the project and its sustainability.


 Marketing feasibility study: 

It is very important to study the marketing of the project and marketing its products the way, the market study on the project, and the work of a careful analysis of the market, so it is necessary to locate the sale of products carefully, and the extent of market size and breadth, and ideas that we need to promote the products of the project and distribution process and the type of product or Service provided by the project, the price of the product or service.


 Financial Feasibility Study:

 A Study of the costs of any project includes the study of the investment costs and running costs of the project, for investment costs include financial cost needed by the project since the beginning of the project as an idea until the completion of the implementation of the project on the ground as the beginning as well as the consequences of the financial loans of the benefits, while the costs they include the current short-term costs such as the operation of the project requirements for the first time, and the wages and salaries of employees, and fuel and energy.


 Technical Feasibility Study:

 technical study for any project considered a cornerstone and a key to all the other components of the work of the feasibility study, which includes information and data collected from marketing feasibility study, advised people specialized and experienced in the study of the financial aspects of small and large projects, to ensure the accuracy of the information, which is reflected directly and indirectly on the success of the project or the validity of the decision not to implement the project or its implementation.


 Social feasibility study:

 This step involves examining the usefulness of the project on the whole of society, such as the provision of new jobs, and how much the project needs from the hands of a worker to run it, and the per capita income of the employee relative to the average per capita income in the community concerned, and include the work of social study on community category served by the project.

 Environmental feasibility study:

 This study includes environmental impact assessment positive for the project was or negative, such as the well-being achieved by the project to the people, and environmental impacts of the project on public health, and environmental conservation; where they are to make recommendations and ways to minimize the damage caused by the project or prevent environmental damage .


 Analytical study of the extent of the sensitivity of the project means the re-work of careful study of the financial and economic aspects again based on the changed circumstances surrounding the project.