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Feasibility studies

A feasibility study refers to a detailed analysis that examines the acceptability and feasibility of a proposed plan or project. This study evaluates the costs, benefits, risks and opportunities of the project or plan and helps determine the return on investment and project plan schedule. The importance of carrying out a feasibility study in the business justification is very important. This study helps decision makers to have a comprehensive view of the advantages, disadvantages, obstacles and limitations that may affect the outcome of the project. The main purpose of the feasibility study is to determine that the project is not only feasible, but also useful from a technical, financial, legal and market point of view.

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Concept selection & definition

Concept selection and definition are very important steps in the product design process. This involves comparing alternative concepts and deciding which ones will go to the next design stages. Here are some key points:
Decision matrix method:
It is a qualitative technique used to rank multidimensional options in a set of options.
Commonly used in engineering design decisions, it can also be used to rank investment options, vendor choices, product alternatives, and other multidimensional entities.
Benefits include minimizing bias, enabling sensitivity studies, and encouraging self-reflection among design team members.
Disadvantages include arbitrary criteria lists, homogenization requirements, and subjective value assignment.
Morphological analysis:
Another form of decision matrix, morphological analysis, uses a multidimensional configuration space associated with logical relationships.

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Detailed engineering

Detailed engineering aims to provide a complete understanding of the project, covering technical, financial, environmental and operational aspects.
In the project development process, it follows the preliminary engineering design (FEED) and basic engineering stages.
The purpose is to create detailed diagrams, drawings and specifications for various components of the project, including construction, civil works, instrumentation, control systems, electrical installations, etc.
Detailed engineering components
Design and plans
Cost Estimation
Logistics planning
Environmental impact assessment
Risk Assessment
Project schedule
Economic assessment
Quality assurance and control

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3D Modeling Integration

3D modeling integration includes various techniques and approaches that increase the use of 3D models in different fields. Advantages of 3D modeling integration:
Efficiency: It simplifies the design, analysis and visualization processes.
Collaboration: Enables interdisciplinary collaboration and data sharing.
Visualization: Enhances understanding through realistic 3D representations.
Simulation: Supports performance analysis, stress testing and optimization.
Lifecycle management: Facilitates maintenance, upgrades and modifications.
In summary, the integration of 3D modeling plays an essential role in modern design and engineering.