Feasibility & Conceptual Study
A feasibility study is an evaluation of a proposal designed to determine the difficulty in carrying out a designated task. Generally, a feasibility study precedes technical development and project implementation. Conceptual Design & Feasibility Studies also establish a preliminary plan including scope of work and functional specifications to provide a well defined starting point for a project Front End Engineering Design (FEED).
MECIP offers the analysis and evaluation of a proposed project to determine if it
(1) is technically feasible,
(2) is feasible within the estimated cost, and
(3) will be profitable.