Search results
Results from the WOW.Com Content Network
Formal definition. A project feasibility study is a comprehensive report that examines in detail the five frames of analysis of a given project. It also takes into consideration its four Ps, its risks and POVs, and its constraints (calendar, costs, and norms of quality). The goal is to determine whether the project should go ahead, be ...
Techno-economic assessment. Techno-economic assessment or techno-economic analysis (abbreviated TEA) is a method of analyzing the economic performance of an industrial process, product, or service. It typically uses software modeling to estimate capital cost, operating cost, and revenue based on technical and financial input parameters. [ 1]
Proof of concept testing of oil cleanup equipment. Proof of concept ( POC or PoC ), also known as proof of principle, is a realization of a certain idea, method or principle in order to demonstrate its feasibility, [ 1] or viability, [ 2] or a demonstration in principle with the aim of verifying that some concept or theory has practical potential.
Project appraisal. Project appraisal is the process of assessing, in a structured way, the case for proceeding with a project or proposal, or the project's viability. [1] It often involves comparing various options, using economic appraisal or some other decision analysis technique. [2] [3] The entire project should be objectively appraised for ...
Engineering economics, previously known as engineering economy, is a subset of economics concerned with the use and "...application of economic principles" [ 1] in the analysis of engineering decisions. [ 2] As a discipline, it is focused on the branch of economics known as microeconomics in that it studies the behavior of individuals and firms ...
Mining feasibility study. A mining feasibility study is an evaluation of a proposed mining project to determine whether the mineral resource can be mined economically. There are three types of feasibility study used in mining, order of magnitude, preliminary feasibility and detailed feasibility. [1]
Cost–benefit analysis is often used by organizations to appraise the desirability of a given policy. It is an analysis of the expected balance of benefits and costs, including an account of any alternatives and the status quo. CBA helps predict whether the benefits of a policy outweigh its costs (and by how much), relative to other alternatives.
Feasibility report This type of report studies a situation (for example, a problem or opportunity) and the plan for doing something about it, then determines whether that plan is "feasible". This would involve determining whether it is technologically possible to achieve and whether it is practical in the current technological, economical and ...