A feasibility study is an evaluation of a project’s potential to see if it’s doable and worthwhile.
It looks at various aspects like technical requirements, financial viability and market conditions to decide if the project should move forward
Project Description
Provide a detailed description of the project, outlining its objectives, scope, and intended outcomes
Market Analysis
Evaluate the market demand for the product or service the project aims to offer. This involves analyzing market size
Technical Feasibility
Assess the technical aspects of the project, including the availability of necessary technology, resources
Financial Feasibility
involves evaluating whether a project or investment is financially viable, considering factors like costs, revenues, and risks
Cost Estimation
Estimate all costs associated with the project, including initial investment, operating expenses, overhead costs
Revenue Projection
Forecast potential revenues based on sales projections, pricing strategy, and market demand
Profitability Analysis
Calculate projected profits and return on investment to assess the financial attractiveness of the project