The aim of the feasibility study initiative is to assist a firm or individual to investigate the viability of establishing and/or manufacturing a new firm or product or to develop a new service. The purpose of the study is to provide the necessary information to enable the promoter to come to firm conclusions regarding project viability.

This can include technical and economical studies to establish or upgrade new and/or existed projects.

Typical elements involved in carrying out a feasibility study include:

• Market Study.
• Technical Study.
• Economical & Financial Study.

This can be obtained by market research; cost analysis; financial projections; manufacturing process assessment; plant evaluation & selection and raw material sourcing.