Feasibility studies, analysis of alternatives, and. A feasibility report is a document that details the study of the profitability, feasibility, effectiveness of a proposed investment, and to evaluate the imminent business problem or opportunity. A feasibility study is an analysis that takes all of a projects relevant factors into accountincluding economic, technical, legal, and scheduling considerationsto ascertain the likelihood of completing the project successfully. To keep the information pertinent, the study should. A cooperative feasibility study guide usda rural development. In an important contribution to the research literature discussing the merits of feasibility and pilot studies, tickledegnen. If something is feasible, it means that we can do it, make it, or achieve it. Feasibility analysis is used by project inceptors, to determine potential positive and negative outcomes. Furthermore the economic feasibility of a project can also be evaluated by a breakeven analysis. Project managers use feasibility studies to discern the pros and cons of undertaking a project before they invest a lot of time and money into it.
It guides and teaches the reader through a stepbystep format. Economic feasibility is the cost and logistical outlook for a business project or endeavor. Pdf feasibility studies and important aspect of project. The distinctive features of a feasibility study boston university. C565 what is a feasibiility dd iowa state university. Economic feasibilitystudy economic feasibility refers to the feasibility of the considered project to produce economic benefits. Definition of feasibility the word feasibility means the degree or state of being easily, conveniently, or reasonably done. This book aims to present an overview of the major theoretical as well as practical aspects of a feasibility study.
Feasibility analysis is a detailed study of how successful a project can be completed, accounting for factors that affect it such as economic, technological, legal and scheduling factors 1. What is feasibility study types of feasibility studies. Well, it determines the factors that will make the business opportunity a success, making it pretty. The purpose of this report is to determine project parameters and define solutions to the problem that further needs analysis. Prior to embarking on a new venture, most businesses conduct an economic feasibility study, which is a study that analyzes data to determine whether the cost of the prospective new venture will ultimately be profitable to the company.
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