Definition:

It is an analysis and evaluation of a proposed project to determine the following factors:

​1) Technical feasibility

​2) Feasible within the estimated cost- Cost effective project

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The study contains the following:

• A broad indication of demand and availability.

• Required sources for the development of the project.

• Selection of suitable process and technology.

• Fixation of installed capacity on the basis of availability of resources

• Process description and layout plans for the project.

• Design and flow diagrams.

• Available facilities.

• Evaluation of available facilities.

• Capital cost.

• Economic analysis.

• Project schedule and schedule control.

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