Importance of Feasibility Report

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“Who said the business is not feasible? An existing same business is already doing well somewhere”.

“Why perform another feasibility study when one was just finished a few years ago?”

The dynamic nature of today’s business environment has led to an increase in the risks and uncertainties that are faced by organizations. A feasibility study can be performed for a solution to a specific problem, new idea, business decision or a project.


The feasibility study answers the following questions

whether it has potential to fulfill the required outcomes;

whether the concept is technically possible;

whether this solution is most effective one for those needs;

whether it will have constructive impacts;

whether it’s socially and ecologically sustainable;

whether the organization / person has the required resources;

whether it will can fetch future profits.

Components of Feasibility Report

The feasibility study answers the following questions

The feasibility report acts as an investigative tool to assess the potential, viability or practicability of a new business or venture. The importance of a feasibility study is based on organizational desire to “get it right” before committing resources, time, or budget. It would be good exercise to make these determinations in advance, instead of facing problems in conducting operations. It can be used for the following purposes: 

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