It aims to analyze and justify the project in terms of technical feasibility, business viability and cost-effectiveness. Once the study is done, a feasibility study report FSR should be developed to summarize the activity and state if the particular project is realistic and practical. The following definition gives a broader understanding of the document:
How to Write a Feasibility Report by Jack Gordon - Updated September 26, Many projects require you to conduct a feasibility study, whether it's a new project or the expansion of an existing one. At the conclusion of the study you'll generate a feasibility report that outlines the problem or situation, a plan for tackling it, and the feasibility of carrying out the plan.
The report should assess whether the plan is practical in terms of available technology, finances, labor and other resources. Eventually, you have to give a recommendation that explores potential solutions to the defined problem, need or opportunity.
The study also justifies why any potential solutions might not be viable. Executive Summary The executive summary of your feasibility report provides a concise overview of the most essential information regarding the project. Clearly state the problem or opportunity that has been assessed in the study -- typically, the key issue the proposed project seeks to address.
Provide any previous approvals, decisions or agreements applicable to the project. List options recommended for further analysis. Concisely describe the proposed project and its major requirements.
Elements of the description may include client requirements, the nature of the problem, possible opportunities and the main characteristics or features relevant to the project being proposed.
The purpose of this section is to concentrate on what drives the project, so it should not include discussions of proposed solutions. Video of the Day Brought to you by Techwalla Brought to you by Techwalla Identification of Alternatives and Options This section of the feasibility report should provide an analysis of whether the plan provides the most appropriate path to see the project through to the end successfully or, if not, offer choices on other methods to use.
Describe the options and explain how you narrowed the field of choices by giving your logic and reasoning as to why these alternative plans should be considered. Your guide in selecting these alternative plans will be the data you've garnered and the research you've conducted.
Further, offer a comparison of the options and state what considerations disqualify other options. Recommendations for Further Analysis Once you have drawn your conclusions, you'll make recommendations.
This section should include an analysis of the plan's likelihood of success, how any identified risks should be mitigated and, if applicable, the projected return on investment. Reiterate the most important conclusions that led to the main recommendation, or final option.
Typically, you may have to recommend several options for further consideration based on the different possibilities.Guideline on Writing Business Feasibility Report Essay GUIDELINE ON WRITING BUSINESS FEASIBILITY REPORT Writing business feasibility report is a fun that required a great skill.
The following guidelines will put you through. With over , users downloading 3 million documents per month, the WBDG is the only web-based portal providing government and industry practitioners with one-stop access to current information on a wide range of building-related guidance, criteria and technology from a 'whole buildings' perspective.
The report, no matter how elaborate, should be prepared before one undertakes any business or expands the existing one. Feasibility Report can be prepared by the prospective investor or consultancy firms who charge fees depending on the value of the project and how elaborate is .
This Feasibility Study Template is free for you to copy and use on Many new initiatives rely on technology to manage or monitor various business existing departments and report to department managers.
Feasibility Study Template leslutinsduphoenix.com 5. 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.
The purpose of this report is to determine project parameters and define solutions to the problem that Further needs analysis. A technical feasibility study is an excellent tool for both troubleshooting and long-term planning.
It can serve as a flowchart of how your products and services evolve and move through your business to physically reach your market.