One of the most important preliminary steps for companies planning to build or expand facilities and operations is a thorough cost/benefit analysis or feasibility study. Expert has the resources and experience to understand the scope of a proposed project, identify potential obstacles and risks to completion, formulate viable alternatives and analyze available and needed resources to achieve success.
Construction or expansion of industrial facilities is often a multi-year, multiphase project that continues through market changes, personnel turnover, and political shifts. To assess whether the increased capacity and additional resources to be gained by a project outweigh possible strains on company finances and manpower, Expert project feasibility study services conducts an in-depth analysis of these factors:
Project scope & limits.
Duration of project phases.
Risks & obstacles to completion.
Availability of adequate funding.
Resources for limiting or funding cost overruns.
Project constraints (legal, regulatory, & logistical).
Availability of personnel, equipment & supplies.
Alternative scenarios.
Other commitments that could impact project completion.
An Expert feasibility study is an important tool for mapping out the pitfalls of proceeding with a project versus the potential benefits of improved efficiencies and expanded capacity.