Project Feasibility Study

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The purpose of a feasibility study is to enable us to objectively decide whether or not to proceed with a proposed project. As the name implies, it is an analysis of the viability of an idea. The feasibility study focuses on helping answer the essential question of “should we proceed with the proposed project proposition?” All activities of the study should be directed toward helping answer this question.  A feasibility study is not a project plan. The separate roles of the feasibility study and the project plan are sometimes misunderstood. The feasibility study provides an investigating function. It addresses the question of “Is this a viable venture?” The project plan provides a planning function and outlines the actions needed to take the proposal from “idea” to “reality.” However, a larger feasibility study may be undertaken as a separate project.Read More »



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