Qatar stands as one of the world’s most prosperous countries in the World, and it’s always famous for the business, the feasibility study of a project is an inherent element of all of them. It does not matter if it is a software initiative, an educational project or a construction one. Analyzing the viability of a project is more important than planning and to be able to conclude it, it is essential to carry out a complete investigation, leading to the knowledge of whether the project will really bring the benefits that are expected of it. It is not a simple bureaucratic formality, but a necessary tool for strategic decision making.

1. Feasibility Study of a Project: How and
Why To Carry It Out
Qatar stands as one of the world’s most prosperous countries in the World, and it’s always
famous for the business, the feasibility study of a project is an inherent element of all of them.
It does not matter if it is a software initiative, an educational project or a construction one.
Analyzing the viability of a project is more important than planning and to be able to conclude it,
it is essential to carry out a complete investigation, leading to the knowledge of whether the
project will really bring the benefits that are expected of it. It is not a simple bureaucratic
formality, but a necessary tool for strategic decision making.
If you are worried about the Feasibility Study then go with businessbox, we help companies
assess their skills and choose a new direction at businessbox you can easily take help for bankable
and non-bankable both types of Feasibility Study .
To carry out the feasibility study of a project, it is necessary to gather enough information to:
 Identify the limitations, restrictions and assumptions.
 Detect opportunities
 Analyze the current mode of operation of the organization.
 Define the requirements that make up the project.
 Evaluate the different alternatives.
 Reach an agreement on the line of action.

2. The structure of the feasibility study of a project
For the feasibility study of a project to be effective, it must have, at least, the following six parts:
1. Scope of the project: it helps to define the limits and avoid deviations that distance from the
expected results.
It alludes to the purpose and is used to define the problem of the company that needs to be
solved or the business opportunity that it wants to take advantage of.
You must define the scope of application in a clear, concise and precise way, to avoid confusing
the project participants.
It has to inform about the structure and parts of the company, including the designation of the
participants in the project, the identification of the promoter and the areas of the end users
affected by it.
2. Situation analysis: it serves to identify the strengths and weaknesses of the current approach.
It helps to better understand the system and understand the development mechanisms of each
deliverable.
It facilitates the introduction of changes in the areas where they are required.
It allows defining guidelines that can be applied to future projects, assuming considerable savings
in time and money. It should be used as a road map and not as a call to action, so its conclusions
must be framed in the planning and not be taken as priorities to be resolved immediately.
3. Definition of requirements: this stage depends on the object of the project's attention and is
nourished by the joint participation of project members at different levels.
4. Determination of the approach: that represents the recommended solution or optimal course
of action that will conclude in the satisfaction of needs.
It is essential to assess the different solution alternatives to each problem.
The suitability of the use of existing structures and alternatives is considered.
Priorities are established based on their pragmatism and viability.
5. Evaluation of the viability of the project: examines the profitability of the selected approach.
Start with an analysis of the total estimated cost of the project.
The cost of other alternatives is also calculated, apart from the recommended solution, in order
to offer an economic comparison.
It should be completed with a project program that shows the route of the project and the start
and end dates of the activities as a whole.

3. It ends with the calculation of the total cost, essential aspect to be able to determine the viability
of a project.
To this calculation, we must add a summary of the costs and evaluation based on a cost-benefit
analysis and the profitability of the investment.
6. Review of the feasibility study of a project: all the above elements are assembled in a
feasibility study that must undergo a formal review in which all the parties involved participate.
This exam has two purposes:
 Justify the rigor and precision of the feasibility study.
 To make a decision about the projects, approving it, rejecting it or requesting a revision
of it or any of its aspects.
We must remember that the feasibility study of a project is more a way of thinking than a
bureaucratic process. To increase its usability, it is important that it contain enough details to
allow continuing with the next successive phase in the project, facilitating the application of a
comparative analysis in the preparation of the final project audit that evaluates what is delivered,
compared to what was proposed in the feasibility study.
Reasons to carry out the feasibility study of a project
In addition to the common sense approach that the feasibility study of a project contributes to
its planning, there are many other reasons that encourage companies to commit to its
development. The realization of a study of this type is a good business practice and its application
can be observed in all successful businesses. The organizations with the lowest levels of project
failure have in common having dedicated the time and resources necessary to thoroughly
examine all the issues and evaluate their probability of success before starting the next project.
In addition to minimizing the risk, the feasibility study helps them:

4.  Focus on the project itself and get a more complete perspective of the different
alternatives.
 Discover new business alternatives or ways to optimize results.
 Identify opportunities to innovate, through the research process.
 Detect the signs that warn that it is better not to continue and the reasons that justify this
caution.
 Increase the probability of success when discovering the different factors that, from the
beginning, could affect the project and harm its results.
 Have quality information to carry out decision making based on objective and reliable
data.
 Have complete documentation, the result of thorough research that the company has
carried out in different areas.
 Ensure the financing of credit institutions and other monetary sources.
 It also helps to attract capital investment, one of the most applauded benefits of the
feasibility study of a project.
How can we help you?
The very first question comes in your mind that how businessbox can help you in your feasibility
study for the coming project. So we clear you that we take enough time to listen about your
business goals and needs our clients are often surprised by the possibilities we present to them.
When you give the responsibility of your company we are committed to taking care of your
business as our business. To get more details, get in touch with info@BusinessBOX.me.