Feasibility Study

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  FEASIBILITY  STUDY  by    Sreenath B.  What is Feasibility Study? Feasibility study can be defined as a controlled processfor:ã identifying problems & opportunities ã determining objectives ã describing situations ã defining outcomes ã assessing the range of costs and benefits associated with several alternatives for solving a problem.  Cont’d  ãA feasibility study is an analysis of the viability of anidea through a disciplined and documented process of thinking through the idea from its logical beginningto its logical end.ãA feasibility study provides an  Investigating  functionthat helps answer  “  Should we proceed with the proposed project idea? Is it a viable businessventure? ”  Cont’d  ãA feasibility study is used to support the decision-making process based on a cost benefit analysis of the actual project viability.ãA feasibility study is conducted during the initial phase of the business development cycle prior tocommencement of a formal Business Plan.ãIt is an analytical tool that includesrecommendations & limitations, which are utilizedto assist the decision-makers while determining if the Business Concept is viable.
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