PT. Depriwangga Engineering, an engineering services company, offers a Feasibility Study (FS) as an engineering consulting service that aims to assess the feasibility of a project from a technical, economic, operational, environmental, and risk perspective before entering the detailed design or construction phase. The results of this study form the basis for the project owner's investment decision.
Purpose of a Feasibility Study
- Assess the technical feasibility of a project.
- Estimate investment costs (CAPEX) and operating costs (OPEX).
- Identify project risks from an early stage.
- Compare several design or technology alternatives.
- Provide the best recommendations to the project owner before the investment is made.
Scope of Feasibility Study
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1. Project Definition
- Project background
- Goals and objectives
- Scope of work
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2. Technical Feasibility
- Process analysis
- Technology selection
- Capacity study
- Initial facility layout
- Utilities and infrastructure
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3. Economic & Financial Analysis
- CAPEX estimation
- OPEX estimation
- Cash Flow
- Net Present Value (NPV)
- Internal Rate of Return (IRR)
- Payback Period
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4. Risk Assessment
- Technical risks
- Commercial risks
- Construction risks
- Operational risks
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5. Environmental & Regulatory Review
- Environmental impacts
- Permit requirements
- Compliance with standards and regulations
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6. Implementation Strategy
- Project schedule
- Implementation stages
- Procurement strategy
- Resource estimation
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Deliverables Feasibility Study
The final document usually includes:
- Executive Summary
- Basis of Design
- Process Description
- Alternative Evaluation
- Preliminary Engineering
- Cost Estimate (CAPEX & OPEX)
- Financial Analysis
- Risk Register
- Project Schedule
- Recommendation (
- Feasibility Study Report
Position of Feasibility Study in the Engineering Project Cycle
- Business Opportunities
- Concept Study
- Feasibility Study (FS)
- Pre-FEED (optional)
- FEED (Front-End Engineering Design)
- Detailed Engineering Design (DED)
- Procurement
- Construction
- Commissioning
- Operation & Maintenance
Role of the Engineering Service Team
In engineering service companies, preparing a Feasibility Study generally involves a multidisciplinary team, including :
- Project Manager
- Process Engineer
- Mechanical Engineer
- Civil & Structural Engineer
- Electrical Engineer
- Instrumentation & Control Engineer
- Cost Estimator
- Planning Engineer
- Risk Engineer
- Financial Analyst
- Environmental Specialist
With this multidisciplinary approach, a feasibility study provides a solid foundation for project owners to assess investment feasibility, reduce uncertainty, and ensure the project is technically, economically, and operationally feasible.