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Feasibility Study

What is a 'Feasibility Study'

A feasibility study is an analysis of how successfully a project can be completed, accounting for factors that affect it such as economic, technological, legal and scheduling factors. Project managers use feasibility studies to determine potential positive and negative outcomes of a project before investing a considerable amount of time and money into it.

Explaining 'Feasibility Study'

For example, a small school looking to expand its campus might perform a feasibility study to determine if it should follow through, taking into account material and labor costs, how disruptive the project would be to the students, the public opinion of the expansion, and laws that might have an effect on the expansion.

Importance

Feasibility studies allow companies to determine and organize all of the necessary details to make a business work. A feasibility study helps identify logistical problems, and nearly all business-related problems, along with the solutions to alleviate them. Feasibility studies can also lead to the development of marketing strategies that convince investors or a bank that investing in the business is a wise choice.

Components of a Feasibility Study

There are several components of a feasibility study:


Further Reading


The economics of adaptive reuse of old buildings: A financial feasibility study & analysis
uwspace.uwaterloo.ca [PDF]
The debate about the financial feasibility of adaptive reuse is high among investors, planners, policy makers and heritage advocates. The old argument that it is more profitable to demolish the old brick box and replace it with a new structure have left the streets of many …

Project feasibility study: the key to successful implementation of sustainable and socially responsible construction management practiceProject feasibility study: the key to successful implementation of sustainable and socially responsible construction management practice
www.sciencedirect.com [PDF]
The debate about the financial feasibility of adaptive reuse is high among investors, planners, policy makers and heritage advocates. The old argument that it is more profitable to demolish the old brick box and replace it with a new structure have left the streets of many …

A financial feasibility study of an aquaponic system in a Mediterranean urban contextA financial feasibility study of an aquaponic system in a Mediterranean urban context
www.sciencedirect.com [PDF]
The debate about the financial feasibility of adaptive reuse is high among investors, planners, policy makers and heritage advocates. The old argument that it is more profitable to demolish the old brick box and replace it with a new structure have left the streets of many …

Technical, financial, economic and environmental pre-feasibility study of geothermal power plants by RETScreen–Ecuador's case studyTechnical, financial, economic and environmental pre-feasibility study of geothermal power plants by RETScreen–Ecuador's case study
www.sciencedirect.com [PDF]
The debate about the financial feasibility of adaptive reuse is high among investors, planners, policy makers and heritage advocates. The old argument that it is more profitable to demolish the old brick box and replace it with a new structure have left the streets of many …

Findings from SHAZ!: a feasibility study of a microcredit and life-skills HIV prevention intervention to reduce risk among adolescent female orphans in ZimbabweFindings from SHAZ!: a feasibility study of a microcredit and life-skills HIV prevention intervention to reduce risk among adolescent female orphans in Zimbabwe
www.tandfonline.com [PDF]
The debate about the financial feasibility of adaptive reuse is high among investors, planners, policy makers and heritage advocates. The old argument that it is more profitable to demolish the old brick box and replace it with a new structure have left the streets of many …

Giant reed as energy crop for Southern Italy: An economic feasibility studyGiant reed as energy crop for Southern Italy: An economic feasibility study
www.sciencedirect.com [PDF]
The debate about the financial feasibility of adaptive reuse is high among investors, planners, policy makers and heritage advocates. The old argument that it is more profitable to demolish the old brick box and replace it with a new structure have left the streets of many …

Economic feasibility study for phosphorus recovery processesEconomic feasibility study for phosphorus recovery processes
link.springer.com [PDF]
The debate about the financial feasibility of adaptive reuse is high among investors, planners, policy makers and heritage advocates. The old argument that it is more profitable to demolish the old brick box and replace it with a new structure have left the streets of many …



Q&A About Feasibility Study


Who conducts the majority of the work in conducting a feasibility study?

Project managers are responsible for most of the work in conducting a feasibility study.

What are some components of a typical feasibility report?

There are several components to consider when writing out your own report including financials, marketing strategies, logistics plans and more.

How does a feasibility study help business owners?

A feasibility study helps business owners determine potential positive and negative outcomes of a project before investing time and money into it.

What is a feasibility study?

A feasibility study is an analysis of how successfully a project can be completed, accounting for factors that affect it such as economic, technological, legal and scheduling factors.

Why do companies conduct feasibility studies?

Companies conduct feasibility studies to determine logistical problems with their projects.

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