What is Feasibility Study?
As the name implies, a feasibility analysis is used to determine the viability of an idea, such as ensuring a project is legally and technically feasible as well as economically justifiable. It tells us whether a project is worth the investment—in some cases, a project may not be doable. There can be many reasons for this, including requiring too many resources, which not only prevents those resources from performing other tasks but also may cost more than an organization would earn back by taking on a project that isn’t profitable.
Outline of a Feasibility Report:
That final item is broken down into subsets of technology, marketing, organization and financial findings and recommendations.
Executive Summary
Description of product/service
Technology Considerations
Product/service marketplace
Marketing strategy
Organization/staffing
Schedule
Financial projections
Findings and recommendations
