Economic feasibility study service - Sharjah - UAE Auditors
- Category: Consultancy services
- Published: Friday, 29 July 2016 23:07
- Written by Abdelhamid M. (ACPA)
Economic feasibility study aims to estimate the cost and logistical outlook for a business project or endeavor. Prior to embarking on a new venture, most businesses conduct an economic feasibility study, which is a study that analyzes data to determine whether the cost of the prospective new venture will ultimately be profitable to the company.
Also, feasibility study aims to objectively and rationally uncover the strengths and weaknesses of an existing business or proposed venture, opportunities and threats present in the environment, the resources required to carry through, and ultimately the prospects for success. In its simplest terms, the two criteria to judge feasibility are cost required and value to be attained.
If this is your situation
- You want to define the business requirements that must be met by the selected project and include the critical success factors for the project.
- You need to get the detail alternative approaches that will meet business requirements, including comparative cost/benefit and risk analyses.
- You need a recommendation for the best approach for preparing a business case or moving through the implementation process.
How we can support you:
Our economic feasibility studies can give you the following advantages: :
- Gives focus to the project and outline alternatives.
- Narrows business alternatives
- Identifies new opportunities through the investigative process.
- Identifies reasons not to proceed.
- Enhances the probability of success by addressing and mitigating factors early on that could affect the project.
- Provides quality information for decision making.
- Provides documentation that the business venture was thoroughly investigated.
- Helps in securing funding from lending institutions and other monetary sources.
- Helps to attract equity investment.
For any inquiries, you can chat with us using WhatsApp or Telegram or fill the following form and we will get back to you as soon as possible:
Mobile: +971- 050-7948028