Feasibility studies creation

Feasibility studies creationIf you would like to start a project but are not sure if it is cost-effective, it is necessary first to create a feasibility study which will answer to the key question: Is the project economically justified?

Feasibility study is done before investment study, covers three key areas and answers to the questions from different aspects:

  • market aspect: Is there a need for products or services which you would like to produce or offer? What would be your market share?
  • technical, technological and organizational aspect: What kind of production plant, raw material, organization and people do you need for the production or service provision?
  • financial aspect: based on the determined market share and technical, technological and organizational aspects, a financial projection is to be done to show the project cost-effectiveness.
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