As for how to prepare the economic

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This study is the first stage of project design, through which the strengths and weaknesses of any project are revealed, and it also identifies the opportunities and threats that exist on the ground in the environment surrounding the project. The importance of the economic feasibility study for the project lies in the fact that it clarifies the project requirements and strengths and weaknesses. It also helps increase the chances of project success and raise awareness to make sound decisions, increases the strengthening, empowerment and focus of the work team, and gives you a clear picture of your budget.


The objectives of the economic feasibility study of the employment database project include identifying the potential good and bad outcomes of the idea before investing a sum of money in it, adopting advanced marketing methods, allocating the types of technologies used in projects, knowing the economic impacts of proposals, studying misconceptions and deepening them in all aspects related to the project, knowing and identifying the alternative opportunities available for investment, and devising effective methods and patterns for evaluating projects. feasibility of the project, this is done by conducting an initial analysis, creating a project scope plan, conducting market research, calculating the financial cost of the project, reviewing the study and presenting its results to the project partners.


Economic feasibility study evaluation criteria Economic feasibility study evaluation criteria The importance of studying the economic feasibility of the project It is very important before starting to implement any project to conduct a comprehensive study of the economic feasibility of this project, because this study is of great importance in evaluating the project and predicting its success or failure. The economic feasibility study of the project is of great importance in knowing and determining the resources that the project needs, and this importance also lies in knowing and calculating the material costs that the project needs and the extent of the project’s success in the long term, and the material return that results from this project over several years.