Learn that in comparison to the conceptual phase, the competitiveness analysis of the pre-feasibility phase is more detailed and constructively prepared to meet the demands of accuracy for this phase
Understand that the engineering development and refined knowledge of other relevant information enable more accurate operating cost estimates in the pre-feasibility phase
Understand that in the pre-feasibility phase the financial feasibility of the investment project is evaluated comprehensively, and an accurate enough operating cost estimate is a prerequisite for reliable profitability analysis