Feasibility Study – A Step-by-Step Guide

Feasibility Study – A Step-by-Step Guide

What is a Feasibility Study?

What Initiates a Feasibility Study?

Who Conducts a Feasibility Study?

How Accurate is a Feasibility Study?

The Feasibility Study Process

Step 1: Determine the Requirements of the Study

Step 2. Determine Objectives Scope and Approach

Step 3. Conduct Current State ‘As-Is’ Analysis

Step 4: Identify Potential Solution Options

Step 5: Determine Feasibility of Each Option

5.1 Technical Feasibility

5.2 Economic Feasibility

Qualitative estimating

Quantitative estimating

5.3 Operational Feasibility

5.4 Environmental Impact and Sustainability

5.5 Legal and Regulatory Compliance

5.6 Risk Assessment

Step 6: Document Results of the Study and Make a Recommendation

Format of a Feasibility Study Report

Step 7: Obtain Approval for Development of a Business Case

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