Feasibility study
The feasibility study is considered as a study conducted by the owner of a new project, whether industrial, agricultural, commercial or other, with the aim of knowing the extent of the application of this project and the possibility of its success, whereby the required investments, the expected revenue, external influences such as competition, laws and regulations of the state or region, and technological developments are clarified.
In addition to collecting basic data and information related to the region's economy and the project in particular; Where this information includes prices and costs of inputs, raw materials, auxiliary and intermediate materials, water and energy, wages of workers, electricity and all costs and fixed assets necessary for the establishment of the project.
How to study the feasibility
The feasibility study for a specific plant includes studying the following:
target market
The market study is one of the most important things to be studied to show the extent of the project’s success in providing its services to the largest number of consumers, in addition to the project’s ability to continue, by conducting a market survey that includes the following: Product: Making a description of the product through samples and pictures of brochures.
Supply and demand: This is done by determining the percentage of local producers and determining the imported quantities. It is possible to know the percentage of demand through the volume of exports of the same product from the total sales of producers to know the extent of demand for the product, and to know if the product is more wanted at home or abroad.
Prices: By studying the structure of the prices offered for the product in the local markets and knowing the selling price of the product locally in addition to its import price, then setting a price commensurate with the local prices and cost. Competition: Knowing the competitors in the market and knowing their strengths and weaknesses, whether internally or externally.
Distribution: Defining sales and distribution channels by setting a specific strategy and methods for marketing and distributing the product in various ways.
Technical and procedural details
This is done through introducing the industry, the product, the factors affecting it, and the sources of technology, which include the following: Choosing the location of the factory: by defining the factory’s requirements for infrastructure such as electricity, roads, storage, transportation, etc., so that it studies more than one site and then chooses the most appropriate.
Developing a plan for the factory: This is done by taking into account all the facilities needed by the factory for the possibility of future expansion, and determining the sufficient area of land, which includes the area of all factory facilities. Machines and manufacturing method: where manufacturing is studied starting from the raw materials to the final product, in addition to studying all the stages that the product goes through.
Costs and financial preparedness
This step includes estimating all operational and investment costs and conducting a financial and economic feasibility analysis, and includes the following: Capital costs: It is intended to study the costs of the factory's fixed assets, basic capital, and pre-operating expenses, which include consulting studies, transportation, travel, and costs of establishing and licensing the factory.
Funding sources: i.e. the available expenses, in addition to suggesting suitable sources, whether through loans or participation. capital structure.
translated from:
كيفية عمل دراسة الجدوىعمل دراسة جدوى لمطعمدراسات الجدوي
