In large multinational projects, a preliminary study is typically undertaken to determine whether or not it is worthwhile to proceed to a feasibility study stage and to start drafting successful and tailor-made solutions.
It is during early project phases that you have the highest cost saving opportunities. The money spent in these phases can pay back with the highest interest rates, as it is wisely invested ahead of time to conceive and define successful solutions.
Pre-feasibility studies are aimed at screening possible viable concepts for any industrial plant, logistic terminal and infrastructure. Each concept needs to then be checked against key drivers - such as project schedule, technological risks, flexibility of the solution considered, environmental footprints and many more.
Strengths, weaknesses, opportunities and threats of each option are clearly outlined, in order to allow a wise decision making process.
We have developed our own systematic method to approach these critical multi-criteria decision making processes. The output of the study is a shortlist of possible solutions, each of which is very well profiled, in terms of its performance against key criteria. Each solution is associated to a budgetary estimation of the upfront investment required, together with anticipated operative expenditures and a project development schedule.
Typically, pre-feasibility studies are carried out by a limited team of very experienced engineers, whose know-how and capabilities ensure that good practices are adopted and sound decisions are made.
Any potential showstopper and critical item to be considered is clearly identified and reported, in order to ensure that no surprises will arise during project execution.