Feasibility Study

Benifits of Feasability Study

Feasability Study

Constraints of Feasability Study

Studying the market to know if the proposed customers really need the product or service which the company will offer.Studying the competition behavior and the bench marked companies. Determining if all the resources needed to start working is visible or not.

At first the analysis is just on paper and this will not highlight any real practical problems resulting a total failure of the business idea. To overcome this problem you should make better simulations and reiterations to minimize any gap between the predicted and actual situations.Another cons is the analysis may take some time & effort. Finally it may be costly depending on the industry type

A feasibility study is an assessment of the practicality of a proposed plan or project. A feasibility study analyzes the viability of a project to determine whether the project or venture is likely to succeed.

The five key areas of a feasibility study are: technicaleconomic legal operational scheduling

Skills

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