Feasibility Study

Over a million managers and consultants are working together on management issues via 12manage each month...

Description of Feasibility Study. Explanation.

Definition Feasibility Study. Description.

A Feasibility Study is a preliminary analysis of a proposed business idea, plan, project or strategy to to provide an overview of the primary related issues and to determine whether it is viable strategically, financially and operationally. It may or may not also include an analysis of potential scenarios and a recommendation on the best solution to use.

It provides a lot of information necessary for a business plan. Because putting together a business plan is a significant investment of time and money, it makes sense to ensure first that there are no major roadblocks facing the business idea before that investment is made. Identifying roadblocks is the primary purpose of a feasibility study.

These studies typically look at a number of areas:

1. Strategic issues.

2. Financial issues.

3. Market issues.

4. Organizational issues.

5. Technical issues.

They should not go in too much depth, but should contain a basic analysis only.
 

Forum

Kesaobaka - Botswana

Business Management

"It should include dealing with potential entry of competitors."

0

Samuel Agbevem - Ghana

Structure of feasibility report

"what should the structure of a feasibility report?"

0

Comment on this Page

Compare with: Cost-Benefit Analysis  |  SOSTAC  |  Business Incubator  |  Industry Attractiveness  |  Entrepreneurial Organization  |  Decision Tree  |  Opportunity Cost  |  Required Return  |  RAPID Approach  |  Marketing Mix  |  PEST Analysis  |  SWOT Analysis  |  Mind Mapping  |  Theory of Constraints  |  Total Cost of Ownership  |  Net Present Value  |  Discounted Cash Flow (DCF)  |  Free Cash Flow  |  Payback Period  |  Garbage Can Model

Return to Management Hub: Decision-making & Valuation  |  Finance & Investing  |  Knowledge & Intangibles  |  Marketing  |  Program & Project Management  |  Strategy

More on Management  |  Return to Management Dictionary  | 

End of description Feasibility Study. An explanation.