A preliminary study of a project to be implemented on the ground contributes to building a results- and statistics-supported picture of the project’s feasibility. The preliminary project study service from Mashroo3k Consulting Company is one of the services that helps companies define their goals and provide preliminary findings on whether the project, given its current data, is on the right track. Many investment ideas may seem feasible under any circumstances, but is this entirely true?
What is the initial study for the project?
Investors and entrepreneurs are often tempted by business ideas that appear glamorous at first glance. However, many of these ideas quickly lose their appeal and collapse once implementation begins in the real world.
For this reason, a preliminary study is typically conducted before proceeding with a full feasibility study. The purpose of the preliminary study is to filter out viable investment ideas and subject them to an initial evaluation based on scientific steps and criteria. This process aims to provide a realistic picture of the project within the context of actual conditions and available resources.
What are the contents of the preliminary study for the project?
The results of the preliminary study are both concise and precise, highlighting the key elements that determine the project’s fate. The preliminary study for the project includes three studies: a market size study, a technical study, and a financial and economic study.
The market sizing study begins by describing the project idea and detailing it in several points, then provides a brief overview of the main competitors in the target market. The market sizing study identifies the main project elements, as follows:
The technical study helps determine the project implementation phases, through a proposed timeline and consideration of project requirements. The technical study focuses on key elements: such as:
The final and most important stage of the preliminary project study is a clear and precise financial plan for the project. The financial and economic study estimates the total costs of the project, including employment, manufacturing, marketing, development, and any other business-related expenses. The financial and economic study consists of the following main components:
