Feasibility study of a project in Egypt Every person who is about to establish a project must carry out a feasibility study for it in order to ensure the success of this project on the ground, so we wrote this article in order to provide you, dear reader, with the most important data and information about the feasibility study of any investment project and how to implement it until You can get good profits from establishing your project, as the feasibility study serves as a guide through which the investor realizes all the requirements and elements necessary for the establishment of the proposed project, given the importance of the feasibility study of a project in Egypt. This is because it is considered one of the best feasibility studies companies that any project owner can rely on to obtain a comprehensive feasibility study, and in the coming lines we will review the feasibility study of a project in Egypt.
Feasibility study of a project in Egypt
The projects that can be implemented are very many but do you have sufficient knowledge of the most important needs and requirements of any of these projects, and determine the percentage of loss or profit that it can achieve within a specific period of time or discover any problem that the project may face during its work.
Surely you will not be able to do any of these things unless you consult an expert or someone who created this project before and was able to achieve success, but you also remain not confident enough, if you want to maintain your project from the beginning, you have no options Other than that you are doing a feasibility study for it, and this is the best option.
One of the most popular projects for which a feasibility study is being established are medium and small projects, and usually, the people who intend to establish them are the ones who need to invest their limited capital in these projects, in addition to that, they are also looking for projects that do not need capital. Large, many labor and expensive equipment, meaning that the project is limited in its investment requirements.
It is also worth noting that the specialized company that the investor uses to implement the feasibility study of his project has a major role in the success of his plan if it is characterized by extensive experience in the implementation of feasibility studies, such as the Technical Company for Management Consulting and Feasibility Studies.
This gives the client an adequate feasibility study that includes all aspects of the project, whether technical or otherwise, for a very appropriate financial cost, because the technology company realizes how heavy the responsibility lies with each investor when starting his own project.
How to conduct a feasibility study for any project in detail and explanation
The feasibility study is the first step that the investor takes when thinking about establishing a project, as it clarifies all the data and information related to the project and puts it in front of the investor’s eyes.
The feasibility study is not a single plan that is followed in its footsteps, but rather it consists of factors or several stages of them being implemented, including factors that are constant and major in every project, regardless of its type and size, and other factors that differ from one project to another, but the basis of the feasibility study is that it is divided into two parts. They:
First, a preliminary feasibility study:
It is the one in which the simplest matters around which the project revolves are studied and nothing else is studied in it, where anyone can take charge of its responsibility and work on its implementation. Do not get involved in studying details that highlight the project fully.
Second, an economic feasibility study:
The economic feasibility study or what is called the name of the detailed feasibility study. This study is unlike the initial study, as it works on explaining everything related to the project in detail and with great accuracy. It is a tool and a scientific method that works to reduce risks, reduce losses and assume their responsibilities when they occur. It is what makes the project owner take the appropriate decision towards establishing the project.
The feasibility study also identifies the required materials, equipment, labor, project size, and required space, in addition to ensuring the success of the project for the financing party.
Its elements are to identify the idea of establishing the project and the extent of the market need for it, and allocating the number of working hours for each of the workers, and through which incentives, rewards, and wages for workers are determined after studying the project well.