Economic feasibility Have you chosen the idea of your dream project that you want to build? If you have finished making the decision, it is time to do an economic feasibility work, as it greatly helps you to provide an integrated study that includes all the economic aspects of the project, whether it is the revenues, the cost, or the opening day budget. A project on the ground.
The goal of economic viability
Economic feasibility helps to develop work and provide all statistics on the financial aspect, which helps you to obtain all possible information that contributes significantly during the implementation of a specific idea or through the development of an already established project.
Executing a financial analysis that provides all information about the price of the service provided, the volume of sales and the cost.
Determine if the project is profitable or not.
Provide project licensing papers in order not to risk time, effort and money.
Determine funding sources.
Establish a financial model.
Determine the tasks required based on the financial situation, which helps you in investing and investing money distinctly.
What is the feasibility study
What is the feasibility study? The main part in implementing and managing projects is the feasibility study. Therefore, you must know the most important priorities and analyzes necessary to create an integrated study for your project, as it plays a very important role in project management by developing a comprehensive plan for all tasks within the project and assigning each individual his own role Which he must implement professionally in order to obtain a distinguished job, and in order to be able to do all this, it is necessary to know what is the feasibility and this is what we present to you in this article.