PIMAC, which leads the preparation of pre-feasibility studies in Korea, has prepared sector-specific guidelines for the preparation of pre-feasibility studies in accordance with the General Guidelines for Preliminary Feasibility Studies.
The General Guidelines for Preliminary Feasibility Studies (hereinafter General Guidelines ) have served as a basic manual for conducting all preliminary feasibility studies and include the methods and standards for doing so.
The Re-assessment Study of Feasibility (RSF) is undertaken for projects which have utilised higher than expected cost or time resources, leading to concerns over the validity of the original feasibility study.
The purpose of these guidelines is to enhance the efficiency of fiscal spending by reasonably adjusting and managing, by each project phase, total project costs of large projects funded with the national budget.