The goal here is to ensure that the planned project will combine an adequate technical solution with maximum return.
That is, a part from meeting the technical requirement, the recommended alternative must simultaneously satisfy the given financial restraints and economic criteria.
To that and, application of economic analysis and forecasting methods should, interalia, clarify the following:
- Estimated foreseeable demands
- Accurate cost forecasting and an integrated system of costs
estimate incorporating the various project inflation rates.
- Invoicing of the projection different currencies estimated.
- Appraisal of returns on capital invested .