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shima tayari
Manager, Iran
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Evaluation of a Feasibility Study
How can we evaluate the accuracy of a feasibility study or even a business plan that has been prepared by another company?
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Jaap de Jonge
Editor, Netherlands
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Are the Conclusions of a Feasibility Study Correct?
Yes! Good question… How do you know if the recommendations of a feasibility study from a third party are in fact correct? Some ideas:
- Select a trusted third party.
- Participate yourself in the study.
- Have someone participate in the study whom you trust.
- Ask for periodic updates during the study.
- Pay particular attention to the assumptions and goals of the study. If they are missing then that's a red flag. If they are there, are they complete? And are they correct?
- Take a few samples to check the main conclusions.
- You might ask a second opinion (in particular if the study is really important). See also: Strategy Analysis.
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Molokanova
Professor, Ukraine
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Evaluation of a Feasibility Study
Each business entity, considering alternative design solutions, determines the allowable degree of risk. In project mana...
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Maurice Hogarth
Consultant, United Kingdom
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Assessing a Feasibility Study
The value of a study is determined by the quality of the terms-of-reference given to the provider (GIGO).
In addition t...
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Warren Miller, CPA, CFA
Strategy Consultant, United States
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Analyzing Competing Feasibility Studies
In my experience as a self-employed financial professional for more than 25 years, I have prepared preliminary analyses ...
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Maurice Hogarth
Consultant, United Kingdom
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Evaluating Benefit Against Risk or Gamble
@Warren Miller, CPA, CFA: This is very close to the detail of the process that I would be using in respect of the outlin...
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