The firm prepares Economic Feasibility studies for various projects of industrial, commercial and social objects. While preparing the studies we use in house expertise’s as well as hire experts in particular technical and marketing fields to ensure correct and realistic operating and Financial Projections.
The purpose of an economic feasibility study is to demonstrate the net benefit of a proposed project for accepting or disbursing electronic funds/benefits, taking into consideration the benefits and costs to the agency, other state agencies, and the general public as a whole.
The EFS is composed of two required forms:
- Business Case.
- Cost Benefit Analysis.
The Business Case provides an analysis of the business environment including, but not limited to, a description of who the expected customers are, the nature of the business, how the payment is currently being processed, if applicable, and the current and expected volume and timing of transactions. The Business Case also presents the benefits of the proposed project.
The Cost Benefit Analysis summarizes the revenues and costs involved with the proposed project. The amounts in the Cost Benefit Analysis should reflect the amounts and assumptions in the Business Case. An analysis summarizing the impact to the agency, other state agencies, and the general public is also included, as applicable.
