Method of feasibility study before the start of any project, if this project is large, small or medium, it must have a feasibility study, which includes some points that you must know, which are four indispensable points, the capital you start with, knowledge of the market needs, and the study In light of the capital that you have, and the type of project, to determine the type and size of the required labor, the feasibility study is of great importance for the success of any project.
Method of feasibility study
Capital and it is one of the most important elements in the feasibility study as it is based on the capital laid down for the project and through it comes the status of the financial study, which starts from the capital, and determines the expected expenses and revenues and based on this study the decision is taken to implement the project or cancel it. Knowing the market and being in the sense of developing a study of the market and its needs, which is no less important than the financial study of the project as it comes directly after it, and the market study includes several points, which is the extent of the demand for the good or service to be provided, and the volume of supply of this good or service, and it comes next Determining the production capacity through knowing the volume of supply and demand, determining the type of target customers and their desire to acquire this good or service, and in the first place determining who the competitors are and getting to know their service and prices. Type of project and determining the type of project is important because through it the type and size of the required labor is identified, and the materials, equipment and devices are determined. The technical study is no less important than the rest of the elements as through this study you will learn about the costs of the project, which starts from the area and specifications of the site, determining the type and costs of equipment and devices, the extent of the project’s need for water and electricity and their cost, and also determining the project supplies and materials required for this project, their cost and the procedures for ending licenses Required. We offered you a simplified form of the feasibility study for any project, as each project has a different feasibility study, where the type of project determines how to develop the feasibility study, so we mentioned the basic elements on which any project depends, so you must specify the type of project to develop a more accurate feasibility study.
Feasibility for a plant
The feasibility study for a factory, which is a study prepared by the owner of the factory or assigning someone who trusts them to prepare this study, as the success of any project depends on the development of the feasibility study established and its efficiency, and the more realistic a feasibility study is drawn up and is familiar with the most important elements, the success of the project is more achieved.