A Pre-feasibility study is a rough screening aiming at identifying the most promising idea(s) and discarding the unattractive options. This reduces the number of options that are chosen to proceed with a more detailed feasibility study and eventually with business development, ultimately saving time and money.
It means a comprehensive study of a range of options for the viable delivery of a project, including an assessment of the technical, financial, legal, environmental, and social viability of the Project.
Often, the pre-feasibility study returns only one most promising option. The assessment of the business idea has different focuses: technical, regulatory, environmental, economic, and financial aspects are analyzed. A pre-feasibility study is a preliminary systematic assessment of all critical elements of the project – from technologies and costs to environmental and social impacts.
How will R.K Associates help you with your Pre-Feasibility Study?
Our organization is well-known in this field. A team of qualified and experienced individuals conducted a rough screening during our pre-feasibility study in order to identify the most attractive options and discard the least desirable ones. This helped us identify the most promising ideas. In this way, the number of options that are selected for a more detailed feasibility study and, eventually, business development is reduced, resulting in time and money savings.
