Budgetary studies are sometimes called "Order of Magnitude" feasibility studies or "Scoping Studies". These are an initial
financial appraisal of an possible bulk material transport project. It often includes Trade of Studies between conveyors, trucks and
railroads and would result is a Return on Investment or Net Present Value analysis.
It will usually involve a preliminary design, and are the
basis for determining whether to proceed forward with a project, and more detailed engineering work.
With bulk material transport problems, these studies often include an analysis of the best route to follow between Point A
and Point B. Route selection can be the most important part of an initial evaluation in determining project costs.
Except for the route, budgetary studies are often developed
copying plans and factoring known costs from existing projects completed elsewhere and are accurate to within +/-40-50%.
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