PT. Depriwangga Engineering, an engineering services company, offers a Feasibility Study (FS) as an engineering consulting service that aims to assess the feasibility of a project from a technical, economic, operational, environmental, and risk perspective before entering the detailed design or construction phase. The results of this study form the basis for the project owner's investment decision (Go/No-Go Decision). ([Engineering Design Services][1])
Purpose of a Feasibility Study
* Assess the technical feasibility of a project.
* Estimate investment costs (CAPEX) and operating costs (OPEX).
* Identify project risks from an early stage.
* Compare several design or technology alternatives.
* Provide the best recommendations to the project owner before the investment is made. ([Engineering Design Services][1])
Scope of Feasibility Study
1. Project Definition
* Project background
* Goals and objectives
* Scope of work
2. Technical Feasibility
* Process analysis
* Technology selection
* Capacity study
* Initial facility layout
* Utilities and infrastructure
3. Economic & Financial Analysis
* CAPEX estimation
* OPEX estimation
* Cash Flow
* Net Present Value (NPV)
* Internal Rate of Return (IRR)
* Payback Period
4. Risk Assessment
* Technical risks
* Commercial risks
* Construction risks
* Operational risks
5. Environmental & Regulatory Review
* Environmental impacts
* Permit requirements
* Compliance with standards and regulations
6. Implementation Strategy
* Project schedule
* Implementation stages
* Procurement strategy
* Resource estimation
Deliverables Feasibility Study
The final document usually includes:
* Executive Summary
* Basis of Design
* Process Description
* Alternative Evaluation
* Preliminary Engineering
* Cost Estimate (CAPEX & OPEX)
* Financial Analysis
* Risk Register
* Project Schedule
* Recommendation (Go/No-Go)
* Feasibility Study Report
Position of Feasibility Study in the Engineering Project Cycle
1. Business Opportunities
2. Concept Study
3. Feasibility Study (FS)
4. Pre-FEED (optional)
5. FEED (Front-End Engineering Design)
6. Detailed Engineering Design (DED)
7. Procurement
8.Construction
9. Commissioning
10. Operation & Maintenance
Role of the Engineering Service Team
In engineering service companies, preparing a Feasibility Study generally involves a multidisciplinary team, including :
* Project Manager
* Process Engineer
* Mechanical Engineer
* Civil & Structural Engineer
* Electrical Engineer
* Instrumentation & Control Engineer
* Cost Estimator
* Planning Engineer
* Risk Engineer
* Financial Analyst
* Environmental Specialist
With this multidisciplinary approach, a feasibility study provides a solid foundation for project owners to assess investment feasibility, reduce uncertainty, and ensure the project is technically, economically, and operationally feasible. [Engineering Design Services]