Feasibility Study Pdf Project Unemployment pushes many young people to resort to establishing small projects, as it also includes young people with higher degrees, due to the difficulty of hiring and integrating all university graduates into the labor market, in addition to the weak economic growth in the country, so young people search for ideas for profitable projects to earn from Behind it is the abundant profit, and this will only be achieved through the implementation of the feasibility study of the Pdf project, and this is what we will learn about in today’s article, so let’s go.
Feasibility Study Project Pdf
Studying the feasibility of your project idea is the first step you should take when a business idea comes to your mind, in order to be able to decide whether the project is worth the investment or not. Will you start taking measures to implement the project.
And that is if it turns out that the idea is successful, or to completely exclude the project if it turns out to be the opposite, and to search for a new project idea.
Conducting a feasibility study is necessary even for small projects with specific budgets, because it collects all data and information related to the project and studies it analytically.
In order to avoid losses in the long or short term, and to know the financial costs necessary to start implementing the project on the ground, in addition to what we mentioned above.
You can adopt the option of a ready-made feasibility study form to facilitate the task, but if you want to know how to complete the feasibility study yourself, you should use a ready-made form with all the details to fill in your project data, and in this article you will find what you are looking for.
You can also resort to one of the companies specialized in the field of feasibility studies, the most famous of which is the Technical Company for Administrative and Economic Consultations for governmental and private institutions and factories, in addition to various fields of development and investment.
The technology company is distinguished by its skillful and professional performance in how to implement a feasibility study for any project, and it also gives you alternative proposals and plans in case of unexpected danger or loss.
In addition, the technology company provides you with any supplies or tools for the project, if you do not have previous experience or knowledge of the places where you can buy project supplies from.
Feasibility study of a ready-made project
Without the need for any ready-made template, you can complete the feasibility study of your project on your own, but knowing that the models and methods by which investors conduct a study differ from one project to another.
But all of them agree on four basic and necessary stages to build an integrated study that covers all its aspects, including marketing feasibility, financial feasibility and technical feasibility.
First, the technical feasibility study:
This study includes a detailed description of the project, the service or product it provides, and the required needs of equipment, machinery and labor, based on the volume of production to be achieved and the market study of the product as well. Therefore, this study answers the following questions:
What is the size of the product or service that the project will offer in the market?
What is the demand for the product or service?
What is the advantage of your product or service?
Putting your competitors in the market.
Second, the market study:
One of the most important steps in the feasibility study is to study the market in which the project will be implemented. Some novice investors may make the mistake of neglecting this step. This study helps you identify:
Defining the market the project is targeting through the service or product.
Knowing the customers’ desire for the service or product offered by the project.
Define the style and selling points of the service or product
Identify competitors in terms of their strengths and weaknesses.
Identifying the target group in terms of their numbers, quality, purchasing power, and purchasing patterns.
Third, the financial study:
The financial study provides all the financial details of the project in terms of the financial capacity required for the project, based on the required or expected costs of operation, production and marketing.
And the availability of those funds, whether from direct investment or resort to borrowing, after studying the amount of interest on the loan, meaning that this study answers the following questions
What is the amount of capital required to start the project?
Is the required capital available to you, or does the project need external financing, which are mostly bank loans?
What is the expected sales volume and what is the expected time period to reach the break-even point.
What is the rate of return on investment?
What price plan should you set for the product or service?