The initial feasibility study is a comprehensive and detailed study that is carried out when a new company or project is desired. This study is done on paper first before implementing the project on the ground to determine the extent of the importance of this project in the labor market, and to determine the costs of its establishment and the profit return from this project and the number of losses, Therefore, the feasibility study provides a complete work plan that demonstrates the applicability of this project in the future based on the reasons for its success or failure.
Initial feasibility study
The initial feasibility study is of great importance, as it shows the investor the extent of the success or failure of the project before commencing its implementation on the ground. The project.
The initial study determines who is the most beneficiary of this product, as well as determining the condition of the product if it is in the urgent need, or is it a luxury that can be dispensed with. The feasibility study provides an initial value for the price of the product and whether this price suits the social status of the target group or not.
The specialists study the material condition that must be provided by the project owner, and to what extent this financial value covers the costs of establishing the project and the wages of employees, in addition to studying the hypothetical place for establishing this project and determining the extent to which the place is suitable for the safety and security specifications of the project, as it explains to the owner of the project or commercial activity. How easily the product reaches the target group at the end of production?
The “initial feasibility study” clarifies the extent of the challenges that the projects under study may face while clarifying the possibility of overcoming these challenges or not, as well as the political and economic conditions of the project country, which are sure to affect the project’s production line.
The feasibility study helps to develop a project flow system if a decision is made to implement it, and the feasibility study helps to develop more successful alternative project ideas in the event of shortcomings or the failure of the project submitted for the study.
Technical Company for Administrative and Financial Consultation
The Technology Company is one of the companies specialized in providing consultations and feasibility studies for economic projects, in the hands of experts and economic consultants specializing in the fields of finance and business management for more than ten years, until it became the most trusted economic company in the Arab world.
The experts of the Technology Company are characterized by good measure and quick response to customers, in addition to their superior ability to work and their commitment to the dates of delivery of feasibility studies.
The technology company is the best choice when requesting an “initial feasibility study” for any new project before starting its implementation, as our company collects all the data and data related to the project idea and then studies these data to their simplest form and knows all the important points towards the project and accordingly determines the success of the project or not.
The technology company also provides feasibility studies according to the local economy as well as the need of global markets in the event of the possibility of exporting abroad, and the technology company provides practical solutions in an attempt to succeed in the project and facilitate the difficulties that may lead to its shortcomings.
Among the other services that our company provides, besides feasibility studies, is that it helps the client to choose the most appropriate site for the project, and it can also help him find trained labor at the highest level to work on the project, thus preserving the client’s time that he takes to provide all the project’s basics.