Arab Center for Economic Studies
Arab Center for Economic Studies Integrated Economic ServicesAbout Arab CenterThe Arab Center consists of two sectors:- 1. Economic Feasibility Studies Centre. 2. Human resource consulting Centre1- Economic and Feasibility Studies Centre. Some entrepreneurs don’t care about obtaining feasibility Studies unless its required for getting finance. This is not scientific way of thinking as it is important to prepare feasibility study for any new project to identify the weak points (futuristic view). It also helps to identify the strong points to be fully utilized. If you don’t have a project feasibility study, you had better not to start or risk itWhat is feasibility study?It is an outline to the project objectives and a work plan to achieve these objectives and the way to assess the most likely problems and how to be dealt with such problems. It is identified as a scientific way to assess the success possibilities of an investment idea before the actual implementation according to how the project or the investment idea will meet specific goals to the investor. Therefore, the Economic feasibility study is considered a practical tool to avoid risks and losses whereas such study is done prior to any investment decision as it precedes the operational processes. Thus, Economic Feasibility Study is the mean on which suitable investment decision is based on to meet the ultimate goals. Feasibility study stagesFeasibility Study is divided into:-1. Technical study: which includes:• The Project Idea • Basic assumptions creating the project idea. • Project inputs • Work, operational methods and productive art of the project. • Products & relationship with suppliers and external parties. • Total number of finance that the project needs • The most likely visions for the project success.2. Market studies• Analyzing the market volume and current indicators and field specificity of the project. • Analyzing
Arab Center for Economic Studies Integrated Economic ServicesAbout Arab CenterThe Arab Center consists of two sectors:- 1. Economic Feasibility Studies Centre. 2. Human resource consulting Centre1- Economic and Feasibility Studies Centre. Some entrepreneurs don’t care about obtaining feasibility Studies unless its required for getting finance. This is not scientific way of thinking as it is important to prepare feasibility study for any new project to identify the weak points (futuristic view). It also helps to identify the strong points to be fully utilized. If you don’t have a project feasibility study, you had better not to start or risk itWhat is feasibility study?It is an outline to the project objectives and a work plan to achieve these objectives and the way to assess the most likely problems and how to be dealt with such problems. It is identified as a scientific way to assess the success possibilities of an investment idea before the actual implementation according to how the project or the investment idea will meet specific goals to the investor. Therefore, the Economic feasibility study is considered a practical tool to avoid risks and losses whereas such study is done prior to any investment decision as it precedes the operational processes. Thus, Economic Feasibility Study is the mean on which suitable investment decision is based on to meet the ultimate goals. Feasibility study stagesFeasibility Study is divided into:-1. Technical study: which includes:• The Project Idea • Basic assumptions creating the project idea. • Project inputs • Work, operational methods and productive art of the project. • Products & relationship with suppliers and external parties. • Total number of finance that the project needs • The most likely visions for the project success.2. Market studies• Analyzing the market volume and current indicators and field specificity of the project. • Analyzing