Project Valuation and Feasibility
Project valuation and feasibility are of great importance as they enable different transactions in many areas to be carried out more easily and more robustly. Project valuation and feasibility, which enables the measurement of the applicability of an area, are used especially during the project construction. In this way, the value of the project is increased.
Why Project Valuation and Feasibility?
Project valuation and feasibility is done to learn the legal and technical applicability of the proposed plans or projects. At the same time, the added value provided economically also emerges as a result of valuation.
Thanks to the work in progress, it is ensured that some problems to be experienced are resolved beforehand. It is possible to see its feasibility being used in many areas. Therefore, project valuation and feasibility are therefore of great importance.
What is Feasibility?
Feasibility; It is a word that means feasibility, possibility or practicability. Feasibility studies are defined as a type of detailed study that involves the conduct and evaluation of specific research in order to understand whether any proposed idea is practically viable.
Feasibility study is the studies created to answer questions such as what the investors will produce, how they will produce, where the produced material or service will be sold, how much investment will be made as a result of this situation, what will be earned and similar questions.
Market researches are also carried out during the feasibility study process. At the same time, data related to the market are collected from the relevant institutions or organizations. With the analysis of the collected data, issues such as whether there is a demand or not are also investigated.
What are the Feasibility Types?
In order to facilitate feasibility studies, the potential obstacles and benefits of the projects are analyzed. In order to analyze these barriers and benefits, a more detailed study is required.
Feasibility has been divided into types within itself, since the ongoing studies need to be done more carefully as well as being done in a shorter time. Thanks to this feature of feasibility, the studies can be carried out more easily. The types of feasibility are:
technical feasibility
Economic feasibility
Legal feasibility
operational feasibility