Our feasibility study will provide you with analysis
on the viability of an idea. The study will focus on helping to answer the essential question of “should we proceed with the proposed project
idea?” All activities of the study are directed towards helping to answer this
question.
Reasons to Do a Feasibility Study: Conducting a feasibility study is good business practice. Successful
businesses do not go into a new business venture without first thoroughly
examining all of the issues and assessing the probability of success.
Other reasons to conduct a feasibility study:
- Give focus to the
project and outline alternatives - Narrow business
alternatives - Identify new opportunities
through the investigative process - Identify reasons not
to proceed - Enhance the
probability of success by addressing and mitigating factors early on that could
affect the project - Provide quality
information for decision making - Provide documentation
that the business venture was thoroughly investigated - Help in securing
funding from lending institutions and other monetary source. - Help to attract
equity investment.
The feasibility study is a critical step in the business assessment
process. If properly conducted, it may be the best investment you ever made. The study outlines and analyses several alternatives or
methods of achieving success. It will help to narrow the
scope of the project to identify the best business scenario(s) and identify and
define two or three alternatives. We also work with
the organisation to identify the “best” alternative for their situation.
