Development Studies

Development Studies

Your project needs to start on the right foot, with a solid base prepared for your investment decisions.  The development of a project should follow the following phases:

Scoping (Conceptual) Study

A Scoping Study (SS) is a study that includes an economic analysis of the potential viability of a project taken at an early stage of the project prior to the completion of a prefeasibility study.  Usually a Scoping Study will analyse different scenarios including an order of magnitude cost estimate or (FEL 1 +/- 30%) of each scenarios. The main deliverable is the Study Report which will describe scenarios, cost estimates and a preliminary recommendation.

Prefeasibility Study

A pre-feasibility study is a preliminary study undertaken to determine, analyse, and select the best business scenarios. The overriding aim of a pre-feasibility study is to select the preferred option, also known as base case scenario, for the project development. This base case scenario is then developed in sufficient detail to underpin decisions to devote any additional funds required to move the project through subsequent stages of development and to a final feasibility study.  The project cost estimate will be developed at a FEL 2 (+/-20%) level.

If the selected scenario is considered feasible, it is recommended to continue the study to feasibility to get deeper analysis of the selected project scenario.

Feasibility Study

A Feasibility Study will detail more in detail the project scope.  The Feasibility Study is the last step in the project development and evaluation phase. The project estimate will be developed at a FEL 3 (+/- 10%) level and is based on firm quotations from suppliers for most of the equipment. The Environmental and Health and Social Impact Studies are generally submitted to the authorities towards the end of the Feasibility Study.