Dr. Cerrato (Managing Director of Evaluation Funding S.L.) points out, that on the basis of experiences in analyzing projects in developing countries, he has learnt that a detail verification of all specific fields concerned with the project and project owners is required in making the right investment decisions.
In the dissertation titled “Model for the Evaluation of Project Funding in Emerging Markets” it is emphasized that feasibility studies are used to examine broadly all the economic aspects and alternatives of a project, such as product specifications and demand, work programme, type of technology and equipment labor force, etc.
Dr. Cerrato (Evaluation Funding S.L.) indicates that a check list containing some of the following items is required at early stages, when planning a project to be funded:

1. Feasibility Studies and Financial Plans
2. Market exists for the products, commodity, or service to be produced
3. The contractor is experienced and reliable
4. The operator is experienced and reliable
5. Management personnel are experienced and reliable
6. Political environment is stable and friendly
7. Key promoters have made an adequate equity contribution
8. The project has value as collateral
9. Satisfactory appraisals of resources and assets have been obtained
10. Adequate insurance cover is contemplated
11. The project will have an adequate Return on Equity, Return on Investment and Return on Assets
12. Inflation and interest rates are realistic