Economic feasibility and its role in developing project management

Abstract

The research aims to identify the concept of economic feasibility and the stages it goes through, starting with the initial feasibility to the final stage of investment decision-making, and to identify the relationship between economic feasibility and project management. The research reached several results, including: The economic feasibility study of the investment project plays a fundamental role in accepting or rejecting the project, as well as determining profitability and avoiding loss, as the goal of the study is to provide accurate numerical results. It is recommended that numerous studies be conducted to apply feasibility studies in project development to ensure the success of projects in other sectors, such as construction, education, and others.