What is the outline of feasibility study?

What is the outline of feasibility study?

Define the project and alternative scenarios Describe the type and quality of product(s) or service(s) to be marketed. Outline the general business model (i.e. how the business will make money). Include the technical processes including size, location, kind of inputs, etc.

What are the 6 components of a feasibility study?

If you are planning on conducting a feasibility study, you will need to include the following six elements:

  • The project scope. First, the business problem/opportunity has to be addressed clearly.
  • The current analysis.
  • The requirements.
  • The approach.
  • Evaluation.
  • Review.

What are the steps in a feasibility study?

The seven feasibility study steps

  1. Preliminary analysis.
  2. Defining the scope.
  3. Market research.
  4. Financial assessment.
  5. Roadblocks and alternative solutions.
  6. Reassessment.
  7. Go or no-go decision.

What is feasibility study PDF?

pdf, offers more discussion of the drafting a business plan. The feasibility study outlines and analyzes several alternatives or methods of achieving business success. The feasibility study helps to narrow the scope of the project to identify the best business scenario(s).

What is the most important part of feasibility study?

Economics. The most important part of a feasibility study is the economics. Economics is the reason most projects are undertaken (with some exceptions for government and non-profit projects in which a cost benefit analysis is the primary tool).

What are the four major parts of feasibility study?

Contents of a Feasibility Study Description of Product or Service. Technology Considerations. Product or Service Marketplace. Identification of Specific Market.

What is the main objective of feasibility study?

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.