The economic feasibility study of projects depends on the success of the project and the expansion of the volume of investments, so the project owner is interested in preparing an economic feasibility study, because it studies the project in a more accurate manner that includes all its dimensions. That this study be under the supervision of a company specialized in financial and management consultancy, you will not find better than the technology company, which is one of the best leading companies in this field. The development of the project is wonderful and distinctive.
Economic feasibility study for projects
Economic feasibility study for projects The economic feasibility study depends on a set of basic requirements for the project, and these requirements are as follows:
First, the market study:
Studying the economic feasibility of projects is one of the important things that the project owner must take into account because the study of the market is one of the most important requirements necessary for the success of the project, which is to know the needs of customers as well as the demand and supply of goods in the markets, in addition to that knowing the prices of competitors, as well as knowing the different ways of marketing It is also good to know the number of sales expected during a specific time period.
Second, the technical study:
The economic feasibility study for projects is one of the necessary factors for the project because it provides a lot of information about the project, which includes the location needed for the project, the equipment, and supplies for the project, as well as raw materials and the required human cadres. production.
Third, the financial study:
The economic feasibility study for projects The financial feasibility study shows all the costs necessary for the project, which are the costs of establishing the project, as well as the size of the investment, estimating the size of the project’s profits, and knowing the net profit during a specific period of time. and tools needed for the project.
The importance of the economic feasibility study
The economic feasibility study for projects The economic feasibility study is characterized by many advantages, whether for the investor or the project, the most important of these advantages are the following:
It helps in the emergence of a lot of multiple investment opportunities.
It works to create a unique opportunity and take advantage of it to make the best profits from it.
Feasibility study for projects The feasibility study is a guide for the investor to help him achieve more success for his project.
Determine the funding sources available for the project.
Interested in clarifying all the needs of the project.
It contributes significantly to know the financial status of the project.
Elements of an economic feasibility study
Economic feasibility study for projects The economic feasibility study contains a set of necessary elements that must be available in the project, and these elements are:
Determining the objectives of the project. Within the economic feasibility study, there must be ideas for developing the project and keeping it up to date with recent developments, not being bound by certain ideas, as well as the ability to face risks that could threaten the project and interest in providing more funds.
Implementation of a technical study that must contain all the necessary information for the project, which includes the appropriate equipment, tools, and supplies for the project.
Economic feasibility study for projects Develop a budget in line with the project It is necessary to plan carefully to develop an appropriate budget that includes all aspects of the project, and these aspects include billing expenses such as electricity, water, sewage, and gas bills.
Determining the expected profits and losses in the project A comparison is made between the expected profits and losses and the determination of the net profit from the project and whether the project owner continues to implement it or dismisses the idea completely.
Technical Management Consulting Company
Economic feasibility study for projects The Technical Management Consulting Company is one of the most important companies specialized in preparing a feasibility study for various commercial, service, and other projects. The Technology Company is also interested in all information and data related to the project and its use to achieve the desired investor goals.
The Technology Company is also keen to constantly develop the project by adding modern and advanced ideas to keep pace with the changes that occur in the labor market, through the company carrying out an accurate and credible economic feasibility study.
To help the project owner determine the net profit of the project and also develop alternative plans in case he is exposed to any risks that threaten the success of this project.
Therefore, the technology company works to provide an integrated study of all elements of the project with high quality, to achieve all the objectives of the clients, as it is sufficiently aware of the importance of the feasibility study for any novice investor who wants to establish a successful project on the ground.