Service Importance?
- Identifying Risks:Helps identify potential risks that may face the project, and assess their impact.
- Cost and Returns Estimation:Estimates the expected costs of the project and the expected returns from it, which helps determine the expected timetable for recovering the investment.
- Market Evaluation: Studies the target market for the project, analyzes the competition and determines the size of the potential demand for the product or service.
- Investor Attraction: The economic feasibility study provides a clear picture of the project for investors, which increases the chances of obtaining financing.
- Making Informed Decisions: Helps make informed decisions about the project, whether it is to continue implementing it or abandon it.