Feasibility Study Phases
A feasibility study is a crucial tool for evaluating the potential success of a project. The phases of a feasibility study include:
- Preliminary Analysis: This phase involves interviews with stakeholders, conducting market research, and preparing an initial business plan. This helps in making an initial decision on whether to proceed or halt the project.
- Actual Study: If the decision is made to move forward, the actual study begins and includes:
- Technical Feasibility: Identifying the necessary technologies and human resources.
- Financial Feasibility: Estimating total costs and expected returns.
- Market Feasibility: Analyzing the market, competition, and consumer demand.
- Organizational Feasibility: Outlining the organizational structure for the management team.
These phases help identify the factors contributing to success and provide financial insights into the project. For more information, you can visit