A feasibility study for 2022 is no less important than the feasibility study of any other year. The feasibility study remains the feasibility study with the same importance and basic elements that every investor must follow and work on implementing, and this is with some changes or special elements that are made according to the type of the project itself. For example, the feasibility study of a commercial project and a service project are similar in some main steps, but when doing a detailed and accurate feasibility study for both of them on their own, then the differences between them appear, but in the end, it is not possible to create any project without conducting a feasibility study, so many entrepreneurs resort And investors to companies specialized in this field, especially the technology company was the best company to provide feasibility studies for various investment projects, and this is what we will learn about in the coming lines, so let us follow.
Feasibility study for 2022
The feasibility study is a collection of comprehensive information about a proposed project to be implemented to reach the best results and achieve the largest percentage of financial returns as a result of its establishment, as well as the extent to which the markets need the products offered by the project. The feasibility study also focuses on strengths and also addresses weaknesses, in addition to calculating special costs. The project, whether from the wages of the workers or the financial costs of preparing the place where the project will be located in terms of equipment, tools, raw materials, and other expenses.
Simply dear reader, the feasibility study is the cornerstone on which the project is built, regardless of its investment size or the number of its costs. Its main objective, that it helps any project owner to understand the dimensions of his project from all its different angles, whether financial or technical.
The Technical Company for Management Consulting and Feasibility Studies is one of the most important companies that has topped the field of work in the feasibility study strongly because it gives the client a good and effective feasibility study that is thoroughly familiar with all aspects of the project. For the client the success of his project on the ground.
The importance of the feasibility study
There are many benefits that accrue to the project owner from preparing a feasibility study, and these benefits are as follows:
● Clarify the main reason behind the establishment of this project.
● It increases success rates because it works on studying many different criteria for the project.
● Develops a contingency plan in the event of any obstacles facing the project.
● Additional proposals provide plenty of other alternatives or to work.
Feasibility study of an investment project
There are some necessary basics necessary for the project, and these basics are as follows:
First, the market study
It is one of the initial stages of any project that the owner of the project must undertake. It works on studying the market well, through:
● Determining the extent of demand and supply for the goods or services provided by the project.
● Take advantage of the opportunities available in the labor market as well as the gaps that competitors have in that market and work to exploit them to achieve the desired success of the project.
● Dependence on the production capacity of the project, which is determined on the basis of the volume of demand.
Second, the technical study
It is the study of all special technical factors
of the project, which is as follows:
● The technical feasibility study shows all the costs of the project from A to Z, as they say (such as raw materials, equipment, and tools necessary for the project, workers’ wages and marketing expenses as well as electricity, water, sewage, and other costs).
Third, the financial study
The investor, through the financial study, calculates the financial capacity required for the project, according to the financial costs set for the implementation of this project, in addition to studying the availability of these expenses, whether from investing directly or by borrowing from a bank or agency.
This will be after conducting a study of the amount of interest for this loan, and the financial feasibility study must answer several questions to ensure its success. These questions are:
● What is the appropriate amount of capital to implement the project?
● What is the pricing plan that will be followed to market the product or service?
● Is the capital required to establish the project available, or will the investor need external financing?