Feasibility study The development of the plan is one of the most important pillars upon which to rely on a previous stage to start any business or project. This includes projects, small and large businesses, entrepreneurial and investment projects, as well as projects with financial return and non-profit projects. [1] Is usually initiated before any work begins, but there is a previous step in what is known as feasibility study [2]. The feasibility study is defined as an analysis or assessment in which it is possible to determine whether the planned project is possible from All aspects and within (3) The objectives of the Feasibility Study The Feasibility Study is primarily intended to understand and analyze three types or variables of the feasibility study, (4) Technical feasibility: Technical feasibility determines the feasibility of implementing the project within the available technical (technical) capabilities, and identifies the expected obstacles associated with the technical aspects and their determinants. [5] Practical Feasibility: And the extent to which the project is able to exploit the opportunities for greater operational efficiency, as well as to examine the suitability of the project to the surrounding investment environment. [6] Feasibility: This feasibility highlights the expected returns of the project against its potential costs, Whether the project is logical considering its revenues compared to its costs. [7] The steps of the feasibility study The models and ways in which the investors study the feasibility vary, but these models agree on three stages or basic steps necessary to build a feasibility study Religion covers all aspects of the project, and these stages are: [8] study or market sector targeted by the project. Analysis of the product or service to be provided by the project. Financial analysis of the project. Market study or sector targeted by the project This step focuses on the study and evaluation of the market targeted by the project, to determine the success of the project under current market conditions, and the availability of opportunities within the market to exploit them and take precedence over competitors. The market is evaluated through a number of measures, including the size of the market or the target sector, the extent of its growth and development, the extent of profit margin within it, the importance of products or services provided by the market to consumers, the risks facing the market and the extent of competition in the market. Competitive, and other standards. This step will help to understand the nature of the market and identify potential demand for the goods and services to be offered by the project. [8] Analysis of the service or product to be presented by the project This step comes immediately after a market or target sector study, Which will be provided by the project, in addition to identifying the resources necessary for the production of the product or service. In this study, consumers are tested to determine if they have the ability to purchase the product or service to be provided by the project, as well as to assess the project's ability to deliver services and goods at reasonable costs and profits, usually through two primary sources of information: [8] The study authors collect information directly from potential consumers, by conducting questionnaires and opinion polls in many different ways, and then analyzing the data collected to produce results. Secondary research: The researchers use information collected in advance by external sources. This is done with a financial fee, sometimes free of charge. Financial Analysis of the Project This is the final component of the feasibility study, which aims at evaluating the project's ability, feasibility and financial success through extensive financial studies and analysis. During this phase, three main elements are emphasized: [8] capital. Estimated or expected profits. Return on investment. Capital All types of projects require start-up capital to start and start work. Primary capital is covered by initial capital costs such as equipment, buildings, legal licenses, construction costs, recruitment costs, etc. The feasibility study seeks to determine the amount of capital necessary to launch the project as required, in order to identify the possibility of providing the required capital through available sources of funding. [8] Estimated or expected profits After determining the initial capital, Through the project, through financial analysis tools used by the feasibility study. In addition, specialized financial and investment analysis institutions can be used to estimate the expected profits. [8] Return on Investment After completion of the study of capital and expected profits, the interest of the surveyors shifts to the analysis of the return on investment, With the capital spent on the project. Return on investment is a key criterion for decision-making in starting a project or not. It is also a measure of the financial efficiency of the project. The greater the return on investment, the greater the financial feasibility of the project. [9] References ↑ Investopedia,