A feasibility study project. Everyone has his own dream. Most young people who own capital dream of a project that they will have a lifetime project. Several elements must be available in the project to ensure its success and to become the life project. One of the most important elements is the feasibility study, which is the strategic plans in building the project, The more accurate the feasibility study, the greater and faster the success of the project.
What is the feasibility study?
It is a group of studies carried out by several experts in the market, technical, financial and economic fields. It is based on converting an idea into a project on the ground. It also defines the potential of this project in terms of financial and economic strength, as it provides the owner of the project with a full vision of this project over the course of His future years.
The importance of the feasibility study
This study is the one that answers several questions, including whether this project can be implemented on the ground or not, and if this project is established how profitable it is, and from this point of view the owner of the capital takes the decision to implement or cancel it.
A preliminary study of the project
It is a general study of a project without going into details, so that the initial idea and the possibility of implementing the project are formed, and if the result is satisfactory, the real feasibility study that discusses all the big and even small details does not leave anything except as mentioned by the feasibility study until you expect the probability of the occurrence of obstacles and the way to overcome them.
They are three main components
A market feasibility study, which specializes in market matters to form a picture of the market from the product details of the supply and demand ratio
And determine the competing products of quality and prices, as it monitors the target customers.
Technical feasibility, prepared by an engineer, through which the machines and equipment used in the production process are identified
It follows up the production process step by step and takes care of all technical matters from the specifications of this equipment and devices to the buildings from administrative buildings to operating buildings and stores. It is also concerned with all matters related to licenses and procedures.
Financial and economic feasibility, which is developed by a financial expert and depends on a study of the uncertainty to determine the price of the product and also depends on the technical study to determine all costs, including capital costs and operating costs, in order to calculate the value and net profit through which the owner of the project specializes in the decision to implement or cancel it.
Tourist resort study
Feasibility study of a tourist resort project is one of the mega projects that need a large capital, as it is one of the most important economic activities in the world as it is fast-growing and has high gains, and among the projects that need a gigantic feasibility study as the tourist resort includes many Providing services, including hotels and chalets, providing food and drink, and entertainment facilities, and it also often relies on tour tours, providing all means of comfort for tourists, including providing services such as places for exercise, places for swimming pools, and providing health care.
Watch from here the feasibility study of a tourist resort project