Do we need a feasibility study for strategic projects? Many projects need some efforts and the resources used that greatly help the success of that project, as the conditions that must be followed must be determined. The resources used in that project, whether they are environmental materials, material costs, government procedures, or partners in that project if you have a specific idea. And you have the ability to face and provide all these resources. We will go to the last step, which is whether or not we need a feasibility study for strategic projects.
Feasibility study for strategic projects
It is possible that your project will be exposed to some risk factors, and in the case of the feasibility study for that project, the risk factors are significantly reduced, so it is preferable to do a feasibility study for strategic projects. As strategic projects are considered as a project with a scope and duration greater than one budget cycle, and in the case of a feasibility study for that project, it leaves you with great motivation to commit to that type of investment as it reduces exposure to risks. This type of feasibility study is used to classify the risks of the project by dealing with the data and basic facts of the site.
Collect data to conduct a feasibility study
Collecting data to conduct a feasibility study when doing a feasibility study in the first step that enables you to pass the feasibility study The problems of the professional is to collect the necessary data for that study since without data you cannot do a feasibility study because the primary reliance is on the basic database of the project or the idea that You want to do it, so you must establish a database first before thinking about doing a feasibility study, so we will talk in this article about how to collect data to make a professional feasibility study.