What is the main focus of pre-feasibility studies?

The primary focus of pre-feasibility studies is indeed centered on the procurement and use of secondary information. This stage involves gathering existing data and insights that can inform the viability of a project before it moves into more detailed feasibility studies. By leveraging secondary information, such as market trends, economic forecasts, and previous project outcomes, pre-feasibility studies can help stakeholders assess whether a project is worth pursuing.

This phase allows for an early evaluation of potential risks and returns, ensuring that resources are allocated efficiently. The analysis conducted during this stage can help shape project parameters and guide decision-making without the need for extensive primary data collection, which can be costly and time-consuming.

Pre-feasibility studies serve as a foundational step in project planning, providing a preliminary assessment that can influence site selection and client negotiations further down the line.