[المنتصر]

The feasibility study and evaluation of projects

(Al-Mustaqbal is owned by those who believe in the beauty of their dreams) Eleanor Roosevelt.

The future of most organizations depends on successful projects, both projects were to survive or maintain the lead in the market, they key in the new era of global competition, and so we can select the most appropriate projects for implementation on the ground, we need to conduct feasibility studies of projects at hand.

And the process of analyzing the feasibility of projects are carried out through a set of sequential stages, each stage within a set of different elements, In other words,Process of preparing the feasibility of the projectIs a series of studies,To enable those in the end of the recommendation to the implementation of the project, or disregarded, and thisStudies necessarily requireInformationDifferOne project to another depending on the nature and size of the project.
Therefore, any attempt to prepare a manual orAdvisor to analyze the feasibilityShould not be seen by more thanBeingOutline; This is due to the fact thatDecisions and the detailed information required for different projects under study.

Steps to analyze the viability of the project:

Although it could be argued that the analysis of the feasibility of the project can be doneThrough the following steps:

The first step: Determine the objectives of the project.
Step Two:Feasibility StudyInitial (pre-feasibility study).
Step Three: Detailed studyFor-profit trade and includes:
1. Marketing study and assess the demand for products of the project.
2. Technical study of the project and cost estimate.
3. Study of the project financing.
4. Financial and economic evaluation to assess business profitability.
Step Four: Estimate the benefit to the national economy by the implementation ofThe project.
We will quickly simplified explanation of these four steps to be in the upcoming series is a detailed explanation of each one of them separately.

The first step: identify the objectives of the project:
This is the first stage to study the feasibility of any project, to be determined goal of the project, and to know, my dear reader the importance of this step, Znserd you some reasons for the failure of projects that may be reached by the expert project management through the length of their experience, where return reasons

The failure of most of the projects to the following:

1. Lack of vision or clear objective.
2. Switching the direction in the middle of the project.
3. Conflicting priorities (this is often due to the lack of clarity of objective.)
4. Unrealistic expectations.
5. Inadequate resources (time, money, equipment, knowledge, experience).
6. Poor communication.
7. Not meet the expectations of the client.
8. Poor planning.
9. The absence of a clear methodology.
10. The absence of a clear understanding of what is required for personnel in the work of each one of them.
11. Lack of support from key stakeholders.
12. Poor leadership.

It should be noted that there is a difference between the two types of projects, namely:

1. Special Projects: It aims to achieve the maximum profit; being profitable Is one of the main objectives of anyA special project, and the profits sought by the special project isThe difference between theProceeds from sales and production costs.
2. Public Projects: The attainment of public interestGoalThe basis for the project of the year, whether achieved a profit from the project or did not happen, ValmnfpAssembly may be in theSale of a commodity or serviceAt cost or less than that, but should not be understood from this that public enterprises do not careZero profit, but not intended to be a concern for profit at the expense of achieving the goals established public projectFor which.

The second step: an initial feasibility study (pre-feasibility study):

OftenTo be unable toInvestorsOf the implementation of the investment project, which may be due toTechnical reasons, legal or economic, so if theseInvestors commissioned experts and consultants to prepare a complete study of the feasibility of the project, itOftenIndignation about the high costs,AndMay be found in theFinally, the projectUseless, and the alternative to thatIs toStudyPre-feasibilityBefore the detailed study,TargetOfIs to make sure there are no fundamental problems impeding the implementation of the projectInvestment.

Third step: the detailed study of the profitability of business:

And include the following:
A. Marketing study and assess the demand for its products.
B. Technical study of the project and cost estimate.
T.. Study funding for the project.
Th. Financial and economic evaluation to assess business profitability.

We offer to the items of the detailed study with some clarification as follows:

A. Marketing study:
Objective of the marketing feasibility study is to identify the various aspects of the commodity market is heading the project towards production; to estimate the volume of sales that can be achieved now and in the future, as well as policy-making marketing opportunity.

B. Technical study of the project:
The light of the marketing study determined the parameters of the technical study for the project, intended to study art all that is linked to the establishment of the project, and construction divisions, and the establishment of machinery, and to identify needs of production requirements, and estimate the investment costs and operating costs for the year standard,