What is feasibility study PDF?
pdf, the growth and recognition of project management during the last few years has raised the need for feasibility studies. Quickly stated, a feasibility study is the initial design stage to any project or plan. As the name implies, a feasibility study is an analysis into the viability of an idea.
How do you write a feasibility study?
How to write a feasibility study
- Describe the project.
- Outline the potential solutions resulting from the project.
- List the criteria for evaluating these solutions.
- State which solution is most feasible for the project.
- Make a conclusion statement.
What is feasibility study example?
For example, an automobile prototype is a tool for the feasibility study, an experiment on rats to develop a new medicine is a procedure of feasibility analysis, checking the configuration and features before purchasing a laptop resembles feasibility tests.
Who writes a feasibility study?
Principals of companies and their investors want to ensure that any given project they plan on developing is actually “feasible”, and preparing a study showing this feasibility is the main point of writing such a report (which of course will help save needed capital and time in the long run).
What is included in a feasibility study?
A feasibility study contains a detailed analysis of what’s needed to complete the proposed project. The report may include a description of the new product or venture, a market analysis, the technology and labor needed, as well as the sources of financing and capital.
Who should prepare a feasibility study?
The intended owner of business or services may conduct the feasibility study but that will depends on his/her skills in this area. At times the owner may lack the necessary expertise for completing the study or may be completely ignorant about it or simply do not have the skills.
What is the purpose of a feasibility study?
A feasibility study is designed to answer whether or not a proposed project or idea should go forward by determining whether the project or plan is practical and doable. A feasibility study can identify the strengths and weaknesses of the proposed plan.
How do you write feasibility study?
Writing a Market Feasibility Study. Prepare the market components of your feasibility study first, including a description of the industry, the current market, the anticipated future market potential and industry trends, the level of your competition, sales projections, potential customers and clients, and other revenue-generating resources.
What are the contents of a feasibility study?
According to Wikipedia, a good feasibility study should provide: A historical background of the project or business. Accounting statements. Details of all the operations and management. A detailed description of what it is. Financial data. Tax implications and obligations. Legal requirements. Marketing research data and policies.
What are the main types of feasibility study?
Technical Feasibility. This assessment focuses on the technical resources available to the organization.
What is the most important element of a feasibility study?
Market Study.