Analysis of engineering projects includes the analysis of technical, financial and socio-economic features. Before deciding on realization of a specific energy or environmental projects it is necessary to take reciprocal comparison of measures or alternative projects. The analysis of technical, financial and socio-economic aspect is done by developing economic feasibility of a specific project.
Feasibility studies usually includes:
- Case studies of existing sitation, analysis of raw and statistical data;
- Determination of existing problems and their solution alternatives;
- Choices of alternative engineering solutions;
- Analysis of alternative engineering solutions and technical solutions;
- Descriptionof alternatives - project definition, objectives, benefits, institutional and organizational aspects, the timetable of implementation, the project impact on the environment;
- Financial and economic analysis of project/measure, which includes - the determination of the expected investment, analysis of the operating cost, analysis of possible sources of financing, the project's cash flow and financial performance description (NVP, IRR, etc.)
- The choice of alternative and its justification.
A feasibility study must be carried out during the planning of energy, fuel replacement, energy efficiency and other energy and environmental projects.