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RE-POWER Project has the capability to design well-engineered, economical, environmentally and socially acceptable, and operable solutions that facilitate the feasibility and sustainability of a concept. With its pre-feasibility and feasibility studies RE-POWER Project provides a valuable instrument to support its clients in their decision-making process for project investments.
RE-POWER Project combines engineering excellence with economic, environmental and social understanding in order to develop a sound basis for further decisions.
A pre-feasibility study is the most crucial aspect of any project. It is basically the art of measuring the viability of the project with respect to the real-world challenges and the benefit that it would bring to the organization. The results of the pre-feasibility study are probably the first-hand project information which is taken into consideration by the decision makers and investors. Most importantly, it acts as a basis if an organization wants to carry out a major expansion program following a successful preliminary program. Simply put, the aim of a feasibility study is to evaluate and then remove all uncertainties that may tend to arise in the project. Experts believe that pre-feasibility study provides a basis for an in-depth design and construction. Additionally, it throws light into the fact that whether it can be completed in a technically sound and economically viable way.
The pre-feasibility study is often considered as an integral part of the project development process. It is even one of the determining factors of the feasibility study, which is more costly and resource intensive than pre-feasibility study. The pre-feasibility study helps in determining whether it should be undertaken or not.
However, it is to be noted that pre-feasibility depends a lot on the project itself, i.e. the generation, technology, etc. In some cases, several alternative technologies are also used for reaching a preliminary optimal solution. Though the pre-feasibility study does not provide a direct answer to how secured a project is and what would be the profit to earnings ratio, it may, however, highlight the most likely pursue greater profitability and areas that need further attention before securing the first round of funding.
A feasibility study is particularly an analysis that takes into consideration all the relevant factors of a project — including economic, technical, legal, and scheduling considerations. The goal is to ascertain the likelihood of completing the project successfully, within the stipulated timeline.
Project managers often use feasibility study to weigh the pros and cons of taking up the project before investing the company’s time and resources. According to experts, a feasibility study provides a lot of crucial information to the company’s management and prevents it from blindly venturing into risky businesses.
Experts believe a detailed feasibility study comprises an in-depth analysis of the historical background of the business or project, including but not limited to the descriptions of the products or service, accounting statements, details of the operation and management, market share and policies, financial data, legal requirements, tax obligations, etc.
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