Feasibility Report
What is Feasibility Report?
A Feasibility Study is a formal project document that depicts outcome of the analysis, research and evaluation of a proposed project and determines if the project is technically, environmentally, economically feasible.
Feasibilities for the various aspects related to technical, commercial and financial are examined in detail by our professional experts. It helps one in identifying the strengths, weaknesses, opportunities, threats and unforeseen circumstances that might affect the success and sustainability of the project or venture.
Following aspects will be analyzed of the project
Technical Feasibility
Technical feasibility mainly connected with the technological evaluation of the project. It helps organizations determine if resources meet capacity and if the technical team can convert ideas into working systems.
Economic Feasibility
This evaluation plays out a cost/benefits analysis of the project before the financial resources are allocated. This sort of study gives clear idea of project feasibility as well as the economic benefits to the organization from the project.
Financial Feasibility
Financial feasibility focuses explicitly on the financial aspects of the project. It identifies the feasibility of a proposed venture by assessing the capital and operating expenses, projected cash flows and return on Investment.
Legal Feasibility
In Legal Feasibility, several parameters will be analyzed extending from zonal laws to information security acts are checked, and compliance mandates.
Management Feasibility
This report will help analyze and determine whether the organization’s goals can be satisfied by the managements’ competencies.
Market Feasibility
Market feasibility determine supply and demand in the operative market. It includes descriptions of the industry, current market analysis, competitions, anticipated future market potential, sales projections etc.
Benefits of Conducting a Feasibility Study
- To get a clear picture whether the project is likely to be successful, before allocating budget, manpower, and time.
- Identifies new opportunities through analyzing process.
- Increase insight for better project decision making.
- Diagnoses errors and help in troubleshooting them.
- Gives valuable insights to both the team and stakeholders associated with the project
- Enhances the success rate by evaluating multiple parameters
- Important Document for the process of getting Investment.
- Enhances the probability of success by addressing and mitigating factors early on that could affect the project
- To have a general idea for Business resources