Feasibility studies
A feasibility study (FS) is required for optimization of the project cost and quality, and achievement of a reasonable ratio between costs and risks when making project implementation decisions. The FS allows the following to be determined in detail: project objectives, possible marketing strategies, probable market share, facilities, location, use of existing raw materials, appropriate technologies and equipment, investment boundaries, sales income, and other parameters needed for making an investment decision. If the project appears not to be viable after…