Awali Consulting is proud of the existence of a high balance of expertise and information that qualifies it to provide approved and reliable feasibility studies with major governmental bodies, institutions and local banks.

 

What is the feasibility study?

A feasibility study is a detailed analysis that takes into account the study of all factors related to the project - including economic, legal, market, technical and financial considerations - to ascertain the likelihood of successful implementation and operation of the project and to obtain an idea of ​​its profitability.

Investors use feasibility studies to distinguish the pros and cons of implementing a project before they invest a lot of time and money in it.

Feasibility studies can also provide the investor and the company’s management with important information that may prevent the company from unthinkingly entering into risky business that could lead to severe losses that could have been avoided.

 

 

Understand the feasibility studies

A feasibility study is simply an evaluation of the practical application of a proposed plan or project. As the name suggests, these studies ask:

Is this project feasible?

Do we have the people, tools, techniques, and resources needed to make this project a success?

Will the project bring us the return on investment (ROI) we need and expect?

 

The goals of feasibility studies are many, and the most important of them can be summarized as follows:

• Accurately understand all aspects of the project, concept or plan.

• Identify any potential problems that may occur during the implementation of the project.

• To determine if the project is viable, after considering all important factors.

 

 

The importance of feasibility studies

Feasibility studies are important for business development. A feasibility study enables business owners where and how to carry out a commercial or industrial business. They can also identify potential obstacles that may hinder the implementation and operation phases and know how much funding they will need to start and operate the business.

Feasibility studies also aim to detail the market study and how to deal with it in a way that can help convince investors or banks that investing in a specific project or business is a wise choice.