Project Feasibility Study
We bring a realism to our project feasibility due to our hands-on development and operating experience
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, TMAC project feasibility study services conducts an in-depth analysis.
Before moving forward with the time-intensive process of a feasibility study, TMAC will conduct a preliminary analysis, which is like a pre-screening of the project. The preliminary analysis aims to uncover insurmountable obstacles that would render a feasibility study useless. If no major roadblocks are uncovered during this pre-screen, a more intensive feasibility study will be conducted.
No project is undertaken in a vacuum. Those conducting the feasibility study will delve into the existing competitive landscape and determine whether there is a viable place for the project within that market.
The feasibility study will examine the economic costs related to the project, including equipment or other resources, man-hours, the proposed benefits of the project, the break-even schedule, the financial risks, and — most importantly — the potential financial impact of the project’s failure.