What is a feasibility study?
Posted: Mon Jan 06, 2025 5:05 am
The structure of a feasibility study plays an important role in the development phase of a project. How to carry it out? What does the study deliverable contain?
When you create a new, very large project, you can organize it into several phases to ensure greater reliability of execution. All these phases constitute the life cycle of a project.
It should be noted that each company can create a project structure dominican republic number screening as it wishes. There may be only two phases or seven or more. Let's find out what would be the most effective structure of a feasibility study and how to carry it out.
The feasibility study is part of the first representative phase of a project, whether for a product, a service, a site, etc.
The study consists of exploring all the concepts of the project, allowing the response to the needs that are to be achieved: Quality, costs, deadlines…
The objective is:
Point out the characteristics of the project
Define the provisional programme by assessing the technical and operational feasibility, highlighting the critical elements of each objective (quality, costs, deadlines)
Consolidating study opportunities
Present each concept studied with a feasibility file that estimates costs, deadlines and solutions
Validate the feasibility of the project to initiate the research design .
Also learn what commercial feasibility is .
Objectives of a feasibility study
For a project to be successful, three important factors must be taken into account
Quality : Level of quality required for the product/service
Cost : Cost of product design, logistics, marketing, product sales price, etc.
Deadlines : Design deadlines, delivery of a product to a customer, etc.
When you create a new, very large project, you can organize it into several phases to ensure greater reliability of execution. All these phases constitute the life cycle of a project.
It should be noted that each company can create a project structure dominican republic number screening as it wishes. There may be only two phases or seven or more. Let's find out what would be the most effective structure of a feasibility study and how to carry it out.
The feasibility study is part of the first representative phase of a project, whether for a product, a service, a site, etc.
The study consists of exploring all the concepts of the project, allowing the response to the needs that are to be achieved: Quality, costs, deadlines…
The objective is:
Point out the characteristics of the project
Define the provisional programme by assessing the technical and operational feasibility, highlighting the critical elements of each objective (quality, costs, deadlines)
Consolidating study opportunities
Present each concept studied with a feasibility file that estimates costs, deadlines and solutions
Validate the feasibility of the project to initiate the research design .
Also learn what commercial feasibility is .
Objectives of a feasibility study
For a project to be successful, three important factors must be taken into account
Quality : Level of quality required for the product/service
Cost : Cost of product design, logistics, marketing, product sales price, etc.
Deadlines : Design deadlines, delivery of a product to a customer, etc.