A feasibility study in English is a feasibility study carried out by the owner of a new project idea to be able to successfully implement the project. Simply, the feasibility study is the cornerstone for any project. It shows the required investments, the expected return, and external influences on projects, such as state laws and the conditions necessary to establish the project. As well as competition and technical and technical development. In today’s article, we will learn about the concept of a feasibility study, its basic elements, and how to implement a comprehensive feasibility study, so let’s go.
Feasibility study in English
The feasibility study is defined as an integrated set of specialized studies conducted to determine the investment project from a number of aspects, including legal, marketing, productivity, financial and social to achieve specific goals that enable the investor in the end to take the appropriate investment decision to establish the project.
Therefore, we can conclude that the feasibility study for any project consists of the following:
Marketing feasibility study.
Technical feasibility study.
Financial feasibility study.
Economic feasibility study.
Legal feasibility study.
Environmental and social feasibility study.
Loan repayment methods.
Feasibility study for small projects pdf
After what we mentioned the components of the feasibility study in the previous paragraph, we will explain the most important basic components that no two projects can disagree on, regardless of what each element of project implementation data contains.
First, the marketing feasibility:
The most important stage in the feasibility study of any project is the arrangements for marketing its products and supplying it with the requirements necessary for its operation. On the side of the outputs or outputs of the proposed project, a careful analysis of the target and expected market for the project’s products or services must be conducted.
The person conducting the market study must specify the following accurately:
Place of sale of project products.
The extent and scope of the project.
What are the distinguishing features of the project’s products or services from other similar projects, whether from: price, promotion, or how to distribute within the market.
Second, technical feasibility:
It is an essential pillar of the feasibility study and the technical study of the project on which all studies (financial, social, economic and environmental) depend. Rather, these studies cannot be conducted without a technical feasibility study.
The technical study depends on the data and information obtained from the marketing feasibility study, and it is preferable that the technical feasibility study be conducted by a team specialized in technical aspects, and you can also rely on the technology company to implement this step.
Third, the financial feasibility study:
After carrying out a marketing feasibility study and a technical feasibility study for the project, there must be costs and returns to be realized after implementing the project in the actual steps. The costs in any project include the following:
Investment costs: They are all expenditures on the project from the beginning of thinking about the investment and writing it on paper until the first normal operating cycle, which includes all the costs of establishing and establishing the project from the requirements and benefits of long-term loans.
Running costs: These include all operating supplies costs for one cycle, wages, salaries, fuel and energy.
The feasibility study is related to the study of a new project, while the strategic planning is the study of the best areas in which the institution can work in the coming years and how it can compete in these areas.
The feasibility study is also concerned with studying a specific project or projects, while strategic planning shows the best areas in which the institution can work in the coming years.
Despite this, there is a great similarity between the feasibility study and strategic planning, as both of them need to study the market, competitors, customers and available capabilities that can be learned or purchased and end with the expected financial return.
Accordingly, the project owner can use consulting offices or companies to prepare feasibility studies, or use feasibility studies that have been prepared in advance for specific projects.
In the event of resorting to companies specialized in the field of feasibility studies, you can rely on the distinguished (Technology) company, which provides administrative and economic advice to major governmental and private companies and factories, in addition to various sectors and fields.
The technology company also provides a lot of electronic services that are indispensable to any investor in achieving the desired fame in the world of trade, in addition to the expected material profit.
One of the most prominent of these services is e-marketing, which has become one of the basics for the progress of any project now. All this and more is provided by the technology company, with distinguished professional performance and unbeatable prices.