Management consulting means helping organizations improve their performance — carried out by an audit firm, a professional staff member, or several qualified, professionally independent staff — in order to identify and clarify the obstacles and difficulties related to an organization’s policies and systems, develop appropriate professional guidance and expert advice, and help implement and continuously follow up on that guidance. Through our management consulting services, we aim to meet our clients’ needs in a distinctive and unique way.
Feasibility Studies
What is a Project Management Feasibility Study?
A feasibility study presents the results of analysis, research, and evaluation of a proposed project idea. It determines the likelihood that a project will be successful and profitable, and assesses its financial and technical viability along with its cost and time effectiveness.
A feasibility study establishes whether a project is likely to succeed in the first place, and is typically carried out before taking any steps toward implementation, including planning and financing.
The Benefit of Feasibility Studies
Preparing a feasibility study before starting project implementation has many benefits — it serves as a roadmap that maps out potential obstacles and offers alternative solutions that take into account time, budget, labor, and legal requirements, to determine whether a project is not only feasible but also worthwhile to implement. Some of these benefits include, but are not limited to:
- Providing valuable information for deciding whether to proceed with implementation.
- Improving the success or failure rate through evaluation of multiple criteria.
- Helping to understand and achieve project objectives.
- Helping to meet stakeholder expectations.
- Delivering work on time.
- Resolving problems and issues in a timely manner.
- Responding to risks and challenges as they arise.
Key Points of a Feasibility Study
We prepare feasibility studies in accordance with the rules and standards followed in preparing economic feasibility studies, taking into account the local laws specific to each activity and the regulations issued by the relevant ministries and authorities in the State of Qatar. A project management feasibility study typically assesses the following areas:
- Technical capability
- Financial cost and required budget
- Legal legitimacy
- Risks
- Operational feasibility
- Time
We also provide economic change studies and management development and investment feasibility studies.
What is a Market Study?
Anyone conducting a feasibility study will take several steps to produce the report. These investigative procedures typically include:
- Initial Analysis: Before proceeding with the feasibility study process, many organizations conduct an initial analysis, similar to a preliminary project assessment, aimed at uncovering insurmountable obstacles that would render the feasibility study impractical. If no major obstacles are found during this preliminary assessment, an intensive feasibility study will follow.
- Scope Definition: It is important to define the project’s scope so the feasibility study’s scope can be determined. The project scope will include the number and composition of both internal stakeholders and external clients, along with examining the project’s potential impact on all areas of the organization.
- Market Study: No project is executed in a vacuum. Those responsible for the feasibility study will study the current competitive landscape in depth, and determine whether there is a viable place for the project within that market.
- Financial Evaluation: The feasibility study will examine the economic costs associated with the project, including equipment or other resources, labor hours, the proposed benefits of the project, the timeline for project profitability, the financial risks associated with the proposal, and — most importantly — the potential financial impact of the project’s failure.
- Obstacles and Alternative Solutions: If potential problems arise during the study, alternative solutions will be sought so the project can proceed successfully.
- Reassessing the Findings: It is essential to take a comprehensive look at the feasibility study from a fresh perspective, especially if a long time has passed since it was first carried out.
- Go/No-Go Decision: The final aspect of a feasibility study is the recommended course of action — in other words, whether the project should proceed or not.
Governance Services
Corporate governance has become an important topic for institutions and regional and international organizations alike, and one of the fundamental pillars on which various economic entities must be built. Governance aims to protect the interests of individuals, institutions, and communities, and contributes to economic soundness and comprehensive development in both developed and emerging countries.
Governance refers to the set of rules, systems, and procedures that achieve the best protection and balance between the interests of a company’s management on one hand, and shareholders and stakeholders on the other — a set of laws, systems, and decisions aimed at achieving quality and excellence in performance by selecting appropriate and effective methods to achieve the organization’s plans and objectives.
Governance is a set of contractual relationships that link a company’s management with its shareholders and stakeholders, through the procedures and methods used to manage the company’s affairs and direct its business, in order to ensure improved performance, disclosure, transparency, and accountability, maximize shareholder value over the long term, and take into account the interests of the various parties involved.
Governance Objectives
Governance seeks to raise the efficiency of institutional performance and establish systems that define the rules, procedures, and plans related to how work is carried out within the institution. Key objectives achieved through the application of governance systems include:
- Achieving transparency and fairness, and granting relevant parties the right to hold the institution’s management accountable.
- Providing the necessary protection for public ownership while taking into account the interests of those dealing with various state institutions, and limiting the abuse of authority to favor the public interest.
- Providing an opportunity for performance review from outside executive management members, with duties, mandates, and authorities that achieve effective and independent oversight.
- Increasing confidence in the management of the national economy, which contributes to raising investment rates and achieving higher national income growth rates.
We prepare the governance manual and monitor its implementation, amending it when necessary, through: establishing the general framework and regulations for governance systems; applying and implementing them; reviewing and evaluating them; verifying the application of governance systems and regulations and assessing them; participating in forming and organizing the Board of Directors and defining the role of its Chairman, and organizing the Board’s business, activities, and responsibilities; as well as appointments and staffing; setting the institution’s important goals, strategies, and policies; the code of business ethics; internal control and oversight systems; and self-assessment and performance evaluation.
Governance Principles
- Protection of Shareholder Rights: Through securing the means of registering, transferring, and conveying share ownership; attending the general assembly, voting, and electing board members; obtaining various information; exercising oversight over the performance of economic units; and receiving their share of profits.
- Equitable Treatment of Shareholders: Through equal provision of information to different groups; equal treatment of comparable shareholder classes; defending legal rights; disclosing the interests of the Board of Directors and management; and compensation for violations of their rights.
- The Role of Stakeholders in Governance: Through cooperation between stakeholders and the management of economic units; participation in monitoring and overseeing their performance; ensuring they receive appropriate, sufficient, and reliable information; safeguarding their rights; and obtaining compensation in the event of rights violations.
- Disclosure and Transparency: Through accuracy of disclosure, its timeliness and comprehensiveness, review of disclosed information, and providing reliable channels for communicating it to users.
- Board of Directors’ Responsibilities: Through ensuring the Board’s accountability to the economic unit and its shareholders; providing sufficient, reliable information; equitable treatment of all shareholders; commitment to laws and achieving the interests of all parties; and making decisions and following up on the economic unit’s core tasks and functions.