The preparation of economic projects is one of the most important steps for the success of these projects. The proper planning of the projects ensures the success and effectiveness of these projects, in addition to the good financial returns from these projects.
Therefore, before starting any economic project, the economic feasibility should be prepared.
Economic feasibility is the process of collecting information about the proposed project and then analyzing it to see:
- The possibility of implementing and reducing project risks.
Determine the success of this project or its loss compared to the local market and its needs.
- Determining the expected return on the project as well as determining the capital recovery period.
- Hence, a study of the market should be prepared in terms of its needs and requirements by studying the following elements:
- Concerning the fattening project
- Regarding the milk project.
Technical feasibility study:
Methods of breeding and nutrition include the following
- Kinds of goats that can be relied upon by the project.
- Methods of breeding for goats.
Marketing Feasibility Study
1- The extent to which the local market needs and the demand for the product
- Project of fattening the kids
- Milk Production Project
3-Product display locations.
4- Expected marketing strategy and management structure.
5- Product prices.
6- Expected sales of production.
7-Competitors in the local market and similar projects and market share of each.
8- Identify and target consumers of the first class product in the market.
SWOT Analysis includes strengths (internal factors), weaknesses (internal factors), opportunities (external factors) and threats (external factors).
9- Glass containers against plastic packaging (advantages and disadvantages) and their appeal in the eyes of consumers.
10-The possibility of marketing the product to neighboring foreign markets.
11- Expected treatment and immunizations required.
12- The numbering of goats
Records and reports:
– Methods of training technicians to register and use some computer programs for evaluation and preservation.
– Energy Production Project.
– The machines and the equipments.
– Buildings and construction works.
-Manpower and its annual cost.
– Foundation expenses (pre-operating).
-Primary goat prices needed by the project and feed prices.
–Proper methods of disposal of organic and inorganic waste.
-Electricity consumption of megawatts for both milking and dairy products.
-Installation of control cameras for the project.
-The project infrastructure and its impact on the final product.
-Application of the requirements of ISO 9000 quality management, ISO 22000 food safety management and HACCP.
Financial and Economic Feasibility Study.
Clarify the annual return of the project during the first three years from the beginning of the project where the productive efficiency of the project will be 50% – 75% – 100% of the first year to three, respectively.
Social feasibility study.
–Explain the importance of this project to society in terms of:
– Running some categories of society.
-Providing distinctive milk in markets.
-Providing meat with markets and contributing to reducing the food gap.
– Sensitivity analysis of the project.
-Demonstrate the stability of the project against changes in feed prices or final product prices.
-Demonstrate the stability of the project in the climatic variables of dairy production
– Writing the proposed report for this study.
– Expert visit programs to follow up the project.
– Animal Production Officer