As part of Global Entrepreneurship Week, the College of Engineering at Al-Ayen Iraqi University held an extensive dialogue session entitled "Preparing Feasibility Studies and Modeling: How to Prepare Technical and Economic Feasibility Studies for Engineering Projects." This session was held within the framework of the Employers' Forum and aimed to solidify the concepts of entrepreneurship and innovation and enhance the integration between academic outputs and labor market demands.
The session was presented by Prof. Dr. Ali Abdul-Amir, Dean of the College of Administration and Economics, who reviewed in detail the essential stages of preparing a feasibility study. These stages began with defining the project idea, analyzing the market, and estimating demand. The session then moved on to the technical study, which includes site selection, technology, and human resources, culminating in the financial study, which involves calculating capital and operating costs, analyzing the break-even point, identifying profitability indicators, and assessing risks.
The session also addressed the concept of engineering and economic modeling and its importance in simulating projects before implementation. It highlighted the model's role in reducing risks and maximizing return on investment, providing practical examples of engineering projects that illustrate how to link technical and economic aspects when making investment decisions.
The session was attended by Professor Dr. Firas Faiq Kadhim, Dean of the College of Engineering, who emphasized in his remarks the importance of equipping students with economic analysis and planning tools alongside their engineering qualifications. Thus, it contributes to preparing engineers with a comprehensive vision capable of transforming ideas into viable projects.
Also present were Dr. Murtadha Dughaim, Head of the Petroleum Engineering Department; Asst. Prof. Dr. Hasnaa Mohammed Hassan, Head of the Laser Engineering Department; and Asst. Prof. Dr. Tuqa Abdul-Razzaq, a faculty member in the Petroleum Engineering Department, along with several other faculty members and students. The session witnessed significant interaction through questions and contributions that enriched the discussion and enhanced the scientific value.
This event is part of a series of activities organized by the College of Engineering during Global Entrepreneurship Week, reaffirming its commitment to supporting a culture of self-employment and entrepreneurship and strengthening communication with employers, this, in turn, contributes to preparing graduates capable of competing and actively contributing to achieving sustainable development.
