Understanding viability of a project
Feasibility study services are used to assess the viability and profitability of an investment project given certain circumstances. It is an analysis undertaken to investigate whether a project will fulfill the objectives of the investor, based on specific market conditions.
Some types of Feasibilities
Refers to the feasibility of the considered project to produce economic benefits. The tangible and intangible facet of a project must be translated into the economic terms. It is critical even when the project is non-profit in nature..
It looks at the ability of the project management to raise sufficient funds required to implement the proposed project. Also considers other aspects like creditworthiness, loan availability, equity, and loan schedule
This feasibility looks at the potential influence of market demand, competitive activities and available market share. Possible competitive activities should be analyzed for early contingency funding and impacts on the operating costs.
All the environmental concerns raised or forecasted should be addressed, so that proper actions can be taken to cover relevant issues of the environment. A project should acquire the required permits, licenses and approvals at a reasonable cost and in time
Certain important engineering aspects are covered which are necessary for the designing of the project like civil, structural and other relevant aspects. Looks at technical capability of the projected technologies and personnel
Managerial feasibility is ascertained by certain key elements like employee involvement, demonstrated management availability & capability and commitment. The managerial and organizational structure of the project is addressed
Feasibility study services provide an understanding of whether a project is economically, technically, financially and socially feasible and sustainable, or not. Feasibility studies are done by analysing market trends, assessing demand and supply dynamics, assessing competitors, and determining the project’s financial viability, in addition to technical inputs from industry experts, engineers, architects, financial and marketing specialists, and urban planners.
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