Study report, conclusions and recommendations
A detailed feasibility study should always conclude with a detailed study report. This should provide a comprehensive record of the work carried out and should be written in such a way that those who have not participated in the study gain a clear understanding of what has taken place, and what conclusions and recommendations have been made. The report should take care not to presume a knowledge or understanding of issues that may seem obvious to the project team.
The study report should:
- Explain the background to the study.
- Outline the facts and assumptions on which the work has been based.
- Outline the procedures used.
- Summarise the results obtained, including tabulations of the energy and cost calculations and the financial analysis.
- Provide drawings that indicate the proposed location and layout of each option considered.
- Incorporate diagrams of energy and process flows, and electrical system design.
- Provide plans and elevations of proposed new buildings.
A high quality Executive Summary is a fundamental component of the report. This should contain a clear statement of the recommended course of action in terms of both plant selection and finance option. It should explain the rationale for selection, the implications for the company or organisation (including costs), and it should highlight the benefits to be achieved. It is this part of the document that senior management will read and that is likely to determine the project’s future.