When considering and planning a potential project, you must base your decisions on accurate information. Our feasibility study services will help you determine the viability of your project and gather the information you need to secure financing.
Sometimes starting from assumptions, project leaders are faced with several issues: the technical feasibility of their projects, the financial feasibility of their projects, the need for information for better decision-making, etc. So many challenges to be met to ensure the success of the project. The large number of project failures leads project leaders (companies or individuals) to:
- Check if your project is feasible or not
- Identify the constraints and problems you may face;
- Know all the information and data relating to your project;
- Consider suitable solutions for the implementation of your project according to your expectations and your specifications;
- Adjust and/or orient your project according to the standards;
- Bring valuable ideas to the contractor who will be responsible for preparing and carrying out your project...
The feasibility study provides overall visibility on the implementation of a project and its profitability. It can be carried out as part of a business creation, for the launch of a new service, or for the launch of a new product.
Carrying out a feasibility study will allow you to:
- Take into account all aspects of a project (budget, skills, issues, needs, etc.)
- Define the objectives to be achieved
- Determine all the scenarios leading to the success of the project
- Identify the obstacles to the successful completion of the project
- Prepare a contingency plan in case something goes wrong
Our consultant (engineer) will go on site to see on the ground the realities and the data he needs to carry out your feasibility study project. Whether it is an elevation or extension operation, he will carefully examine your project to offer you the solutions that will meet your expectations. Following its analysis, we provide you with a report containing the results of the feasibility study while detailing the recommendations as well as the technical data that you will put in place to carry out your work. Don't forget that this report is the starting point for the study and then the realization of your project.
- Needs of the project: The needs here are concrete needs, it is not a question of being satisfied with a simple financial amount. We can distinguish several types of needs: real estate needs, furniture needs, skills needs, production needs, operating needs, marketing needs, technical needs...
- Financial cost of the project: In order not to embark on a feasibility study which would be useless, because the means made available are insufficient compared to the essential needs, we often propose to the leaders that we accompany to start the feasibility study with a rough estimate of the needs and costs in order to have an idea of the general budget.
- Possible scenarios ("optimistic" scenario, "realistic" scenario, "pessimistic" scenario): This part involves a study of the different approaches that make it possible to achieve the set goal and their precise evaluations. This part corresponds to the very heart of the feasibility study. It is therefore important that the leader, the business creator, participates in discussions on the selection of possible scenarios and the strategy on which they depend.
- Action plan: The retrospective study of each other's interventions can help to better identify the quality of analysis or vision skills of your employees and/or service providers and why not better take their opinion into account for a future project.
CASE EXAMPLE: PLATFORM FOR CATERING PROFESSIONALS
Opportunity study for the launch of an e-commerce platform for catering professionals. Our client wishes to study the opportunity of a digital road-to-market, addressing end customers directly to work on connecting catering professionals and farmers/producers and to capture customer knowledge.
2.Reality of the existing
The distribution model is exclusively indirect, the products are distributed to catering professionals through the restaurant buyers. When a restaurant has done its weekly planning, it goes to the city markets to get its own supplies from the dealers there. Because these resellers are not directly the producers/farmers. Our client therefore wants to connect catering professionals and farmers.
During the two months that this mission lasted, we engaged with our client in four distinct phases:
- Analysis of the solution and its present and future market
- The reading of the projects (estimating the necessary resources and the potential)
- The development of decision-making tools and scenarios
- The development of decision-making tools and scenarios
The first phase of analysis by our experts was essential. It was indeed a question of understanding the solution in its context and in its market, taking into account the major trends. This analysis was necessary to determine the challenges and opportunities specific to it.
The environment in which the solution will have to evolve is decisive. As our client is active in a constantly changing competitive market, we met with various players in the sectors concerned. With a better understanding of the issues, thanks to the concrete experience of these professionals, we were able to situate the solution according to its market.
Once these internal elements (the company that our client would like to create) and external (the market) in hand, we were able to undertake an attractiveness study that we accompanied. A qualitative and quantitative analysis that situates the company in relation to its market and highlights the development potential as well as the possible obstacles.
- 3 participatory workshops
- 6 external professionals solicited
- 2 month mission
- 76 pages of detailed report containing our study and advice
- 01 tailor-made and reusable decision-making tool