The Feasibility Study Report as an Effective Tool to Evaluate Investment Projects: A Solid Waste Treatment Project as a Case Study


  • Abbas M. Burhan Department of Civil Engineering, University of Baghdad, Iraq
  • Hayder A. Mahdi Department of Civil Engineering, University of Baghdad, Iraq
Volume: 14 | Issue: 1 | Pages: 12817-12821 | February 2024 |


Hundreds of infrastructure investment projects are inserted into the Iraqi government budget annually. Many of these projects suffer from suspension, delay in completion, corruption, or other negative issues known in Iraqi construction projects. This may harm the country's economic recovery due to allocating funds to useless projects from one or more feasibility studies' components. Therefore, the best solution is to pay attention to the feasibility study reports. This study highlights the importance of feasibility studies reports for investment projects and their effective role in evaluating project ideas to ensure an equitable distribution of a country's financial resources to the most feasible investment projects. This importance was highlighted through a practical case study for a solid waste treatment project. The results of the case study showed that feasibility studies provide very important information on which investors and governments can rely to make the appropriate decisions for investment projects. The study also addressed the risks that investors can be exposed to in Iraq and how to include them in the economic analysis of feasibility studies.


feasibility study, project management, investment, solid waste, energy


Download data is not yet available.


Mohammed Hussein Manhal Al-Iessa, Waleed Abbas Jebur Al- Daamee, and Hider Hamode Ali, "Key factors for strategic investment projects in the agricultural sector in Iraq: Success and failure," International Journal for Advance Research and Development, vol. 4, no. 5, pp. 34–41, Oct. 2019.

N. N. Abbas and A. M. Burhan, "Investigating the Causes of Poor Cost Control in Iraqi Construction Projects," Engineering, Technology & Applied Science Research, vol. 12, no. 1, pp. 8075–8079, Feb. 2022.

H. Noori and S. Rasheed, "Procurement Management of Power Plants Construction Projects in Iraq," Journal of Engineering, vol. 29, no. 2, pp. 37–58, Feb. 2023.

S. Sohu, A. H. Abdullah, S. Nagapan, T. A. Rind, and A. A. Jhatial, "Controlling Measures for Cost Overrun Causes in Highway Projects of Sindh Province," Engineering, Technology & Applied Science Research, vol. 9, no. 3, pp. 4276–4280, Jun. 2019.

F. Hendra, S. Supriyono, R. Efendi, R. Rosalinda, and R. Indriyati, "A Business Feasibility Analysis of Small and Medium Enterprises for Product Strategy Determination," Scientific Journal of Reflection: Economic, Accounting, Management, & Business, vol. 4, no. 3, pp. 421–431, Jul. 2021.

G. A. Fadhil and A. M. Burhan, "Developing Crisis Management System for Construction Projects in Iraq," Journal of Engineering, vol. 28, no. 1, pp. 33–51, Jan. 2022.

A. R. Radhi and A. M. Burhan, "Non-Profit Organization Project Selection Process Using the Hygiene Method of Multi-Criteria Decision Making," Engineering, Technology & Applied Science Research, vol. 12, no. 5, pp. 9097–9101, Oct. 2022.

N. Achilike and C. A. Hilary, "The Role of Feasibility Studies on Project and Organizational Performance," International Journal of Research in Social Sciences, vol. 7, no. 5, pp. 155–170, 2017.

H. R. Jónsson, "Feasibility analysis procedures for public projects in Iceland," MSc Thesis, Reykjavik University, Iceland, 2012.

S. Arvanitis and L. Estevez, "Feasibility Analysis and Study," in The Emerald Handbook of Entrepreneurship in Tourism, Travel and Hospitality, M. Sotiriadis, Ed. Emerald Publishing Limited, 2018, pp. 109–129.

C. Ionut, "The Importance of the Feasibility Study for the Business Plan," Annals - Economy Series, pp. 515–519, 2015.

T. Krieger, D. S. Martig, E. van den Brink, and T. Berger, "Working on self-compassion online: A proof of concept and feasibility study," Internet Interventions, vol. 6, pp. 64–70, Nov. 2016.

K. Okochi, "Feasibility Analysis And New Venture Performance In Rivers State, Nigeria," International Academy Journal Of Management Annals, vol. 6, no. 1, pp. 35–52, 2020.


P. Saepudin, F. K. K. Putra, and I. G. A. W. Adrian, "Feasibility study for a full-service independent hotel: a case study in hotel x Bandung, Indonesia," Journal of Economics, Business, & Accountancy Ventura, vol. 22, no. 1, pp. 59–71, Jun. 2019.

O. Mesly, Project Feasibility: Tools for Uncovering Points of Vulnerability. Boca Raton, FL, USA: CRC Press, 2017.

B. Abdollahbeigi, F. Salehi, and S. Jayashree, "The Effect of Recruitment, Selection and Development on Talent Management in IKCO Company in Iran," International Journal of Advanced Engineering and Management, vol. 2, no. 3, pp. 69–77, Mar. 2017.

A. Roy and K. Mukherjee, "Entrepreneurial Education in India," International Journal of Advanced Engineering and Management, vol. 2, no. 1, pp. 15–21, Jan. 2017.

A. M. Al-Sayed, "Economic Feasibility Study For Investment Projects With Applications Using MS Excel 2007," 2012.

S. M. Rashed and A. M. R. Mahjoob, "Solving Time-Cost Tradeoff Problem with Resource Constraint Using Fuzzy Mathematical Model," Journal of Engineering, vol. 20, no. 9, pp. 10–29, Jul. 2023.

M. Mukherjee and S. Roy, "Feasibility Studies and Important Aspect of Project Management," International Journal of Advanced Engineering and Management, vol. 2, no. 4, pp. 98–100, 2017.

A. Abou-Zeid, A. Bushraa, and M. Ezzat, "Overview of Feasibility Study Procedures for Public Construction Projects in Arab Countries," vol. 18, no. 1, 2007.

M. N. Ahmed, H. A. Mohammed, G. K. Aswed, and W. S. S. Alyhya, "Investigating factors affecting feasibility study of construction projects in iraq," Periodicals of Engineering and Natural Sciences, vol. 7, no. 3, pp. 1209–1217, Sep. 2019.

S. R. Mohammed, H. I. Naji, and R. H. Ali, "Impact of the Feasibility Study on the Construction Projects," IOP Conference Series: Materials Science and Engineering, vol. 518, no. 2, Feb. 2019, Art. no. 022074.

D. Fajarika, R. U. Fahadha, I. Mardiono, and N. Miswari, "Feasibility Study of Shallot Production in Financial Aspect in Central Lampung (Case study : Kota Gajah)," Journal of Science and Applicative Technology, vol. 2, no. 1, pp. 26–34, May 2019.

T. Ali, A. Butt, A. Arslan, S. Y. Tarba, S. A. Sniazhko, and M. Kontkanen, "International projects and political risk management by multinational enterprises: insights from multiple emerging markets," International Marketing Review, vol. 38, no. 6, pp. 1113–1142, Jan. 2021.

K. Njeh, M. A. Zdiri, M. B. Ammar, A. Rabhi, and F. B. Salem, "Energy Management of an Autonomous Photovoltaic System under Climatic Variations," Engineering, Technology & Applied Science Research, vol. 13, no. 1, pp. 9849–9854, Feb. 2023.

I. Boumanchar et al., "Municipal solid waste higher heating value prediction from ultimate analysis using multiple regression and genetic programming techniques," Waste Management & Research, vol. 37, no. 6, pp. 578–589, Jun. 2019.


How to Cite

A. M. Burhan and H. A. Mahdi, “The Feasibility Study Report as an Effective Tool to Evaluate Investment Projects: A Solid Waste Treatment Project as a Case Study”, Eng. Technol. Appl. Sci. Res., vol. 14, no. 1, pp. 12817–12821, Feb. 2024.


Abstract Views: 214
PDF Downloads: 301

Metrics Information

Most read articles by the same author(s)