ECONOMIC FEASIBILITY

Parsons has extensive, diversified domestic and international experience in financial and economic analysis for entertainment complexes, theme parks, transportation, mining, petrochemical, and public utilities. This experience includes designing, developing, and implementing computer models to evaluate economic and financial activity, simulate and evaluate detailed operations, and simulate the financial operation of any private or public organization.

Economic feasibility measures the cost-effectiveness of a project. A feasibility study establishes a basis for subsequent work and:

• Describes the region and vicinity of the proposed development
• Defines the general characteristics of the project site
• Reviews public policy for the site area
• Defines client goals and objectives for the development

The economic alternative that combines the earliest return on funds with the highest rate of return and lowest level of risk is the preferred option.

Order-of-magnitude estimates help determine the economic feasibility of a project, help choose one of several approaches, or select a site. We then use factored estimates for more detailed studies of economic feasibility and preliminary budgets for project control.

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