The preliminary study of the project to be implemented on the ground contributes to building a picture supported by results and statistics about the feasibility of implementing a project or not. The preliminary project study service from Mashrouk Consulting is one of the services that help companies define their goals and provide preliminary results on whether the project with its current parameters is on the right path or not, as many investment ideas may seem viable under any circumstances, but is this completely true?
What is the initial study of the project?
Investors and entrepreneurs are tempted by some business ideas that seem bright at first. Often, these projects lose their luster and collapse quickly once they are implemented on the ground. For this reason, a pre-feasibility study is often conducted before embarking on a full-scale feasibility study. The preliminary project study filters out viable investment ideas and puts them on the table for preliminary evaluation according to scientific steps and criteria, with the aim of drawing a true picture of the project within the framework of reality and available resources.
What are the contents of the initial project study?
The results of the preliminary study are characterized by being brief and accurate at the same time, highlighting the main elements that determine the fate of the project, as the preliminary study of the project includes three studies: The market size study, the technical study, and the financial and economic study.
The market sizing study begins with a description of the project idea and details it in several points, then provides a brief overview of the most important competitors in the target market. The market sizing study identifies the main elements of the project, as follows:
The technical study contributes to defining the stages of project implementation, through a proposed timetable, and taking into account the special requirements for establishing the project. The technical study focuses on key elements, such as:
The last and most important stage of the initial study of the project is the financial planning of the project in a clear and well-defined manner. The financial and economic study estimates the total costs of the project, related to employment, manufacturing, marketing, development, and any other business-related expenses. The financial and economic study consists of key elements:
