UAE Feasibility Study Terms of Reference: Commissioning and Model Review
Editorial responsibility: Valusage Advisory Team (Editorial Practice) · Reviewed by Valusage Business Advisors Technical Practice (Technical Practice)
Direct answer
A UAE feasibility-study terms of reference should define the decision, options, evidence standard, market and operating scope, financial-model structure, scenarios, deliverables, responsibilities, exclusions and review criteria before analysis begins. That control prevents a study from becoming an optimistic narrative and gives management a basis for accepting, revising or rejecting the work.
Decision graphic
From evidence and assumptions to a decision-ready model
Model architecture
Sensitivity heatmap
This article focuses on commissioning and reviewing the work. It does not repeat the business plan, feasibility study and financial model comparison or the separate guide to feasibility-study cost drivers.
Define the decision and alternatives State what management will decide, the options being compared, the investment horizon, constraints and conditions that would stop or reshape the proposal. Separate concept validation from lender, investor or board documentation.
Specify the evidence plan List available internal data, official or published sources, management assumptions, interviews and any separately authorised field work. Record the source, date, limitation and owner for each material assumption so a reviewer can distinguish evidence from judgment.
Define the model architecture Require transparent inputs, operating drivers, revenue, direct and fixed costs, staffing, capital expenditure, working capital, funding, profit and loss, cash flow, balance sheet where relevant, break-even and scenario controls. The model should expose dependencies and avoid hard-coded conclusions.
Agree the sensitivity questions Identify the variables most likely to change the decision: launch timing, demand, price, capacity, margin, staffing, capital cost, collection timing or funding. Test combinations rather than relying on a single-variable upside case.
Set acceptance criteria The final review should test source traceability, formula integrity, internal consistency, scenario behavior, cash before break-even, capacity constraints, exclusions and unresolved decisions. Acceptance means the agreed work is complete and reviewable, not that the project will succeed.
Professional boundary A feasibility study evaluates available evidence and stated assumptions. It is not assurance, regulated investment advice or a guarantee of financing, investment success or financial performance.
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Services, evidence and next steps
Professional boundary
This article is general information. It is not a filing opinion, legal advice, audit conclusion, investment recommendation or guarantee of authority acceptance or commercial outcome.
What belongs in feasibility-study terms of reference?+
Define the decision, options, evidence, scope, model structure, scenarios, deliverables, responsibilities, exclusions, timetable and acceptance criteria.
Should the client receive the editable financial model?+
The written scope should state whether the editable model, assumptions, formulas, scenario controls and supporting source register are included.
Does accepting a feasibility study mean the project will succeed?+
No. Acceptance confirms that the agreed analysis is complete and reviewable; market, execution, financing and other conditions may change.
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