What is a Feasibility Assessment?
Technical feasibility assessments interrogate and provide clarity on the performance of a technology centred business expansion. The work involves scrutinising design assumptions, interfaces, and completeness of design, so that an independent assessment can be made on whether a possible technology option makes good business sense.
Technical feasibility analysis can also be important in ensuring new projects are fully scoped out and that the full range of development requirements have been considered. New innovations and improvements to resource and process efficiency are abound in the materials, renewables and carbon sectors. An independent technical feasibility study will inform business management teams on which new technology options have the potential to be successfully integrated and operated within an existing or new business.
Why Seek Consultancy Support?
To progress the development or adoption of a new technology, business management teams need to be confident on the techno-economic performance of the equipment, price certainty, and the strategic fit with existing parts of the business.
Technical feasibility may also help in deciding between a variety of options, including strategic options, or variants of a given technology. Having an independent technical specialist critically evaluate your opportunity can help you identify previously unknown risks or challenge assumptions that could access a more suitable , cost-effective option.
How We Make It Possible
The WRM technical feasibility approach is centred on the concept of mass balance. This focus on the underlying physics of how a technology performs, has enabled our team to perform technology feasibility assessments across the materials, energy and carbon sectors.
Through our previous work, which has been provided direct to business owner, shareholders, management teams and also public sector organisations, we understand that the technical feasibility assessment is often the first step in the development of a business case. Our work on feasibility assessment is therefore provided in formats that support future governance and approval decision making processes.
Benefits of a Feasibility Assessment
Investment Decision Assurance
Ensures Strategic Alignment
De-risk Technology Integration
Check out some of our recent projects to learn more about our diverse experience.
Overall, a well delivered project; timely and with good communication throughout. Great to work with likeminded professionals who also offered alternative project options.
A key part of the project was to differentiate and capture the legal compliance requirements that apply to the different product origin and distribution models adopted by the company. WRM delivered the scope of works beyond our expectations.
As organic waste specialists, the WRM team were able to provide a good level of insight into various food waste collection options. This was supported by detailed knowledge of costs and market dynamics which supported the feasibility aspect of the project.
WRM have been very professional and practical in their approach to our AD plant feasibility study. They have been very communicative at every stage and timely in both obtaining quotes and producing the final document which was thorough and clearly written.
WRM have exceeded our expectations with their technical knowledge and dedicated team of professional consultants. They kept us informed throughout the entire process, which was very valuable to us.
WRM have excellent technical understanding of our process and our requirements. We continue to work with WRM as a partner we can rely on to help our company grow and meet strategic objectives.
WRM came into this project and completely exceeded our expectations. They produced a very thorough report and presented a well researched and multi-factored conclusion that put us in a much greater position to consider our investment options.
The SRF drying/waste wood development is an important initiative for Wastecycle and therefore it was important that we made the right decisions based on factual information following robust due diligence of the technology providers. We are satisfied that WRM provided us with the confidence to make the right investment decision on the project.
WRM have supported the growth of our companies by providing excellent specialist knowledge, managing challenging projects, and delivering on time. We continue to work with them as a safe pair of hands we can rely on.
WRM provided a thorough procurement service to help us identify the best system and provider to meet our needs. We are now progressing the project with confidence as a result of this process.