Want FREE Templates on Digital Transformation? Download our FREE compilation of 50+ slides. This is an exclusive promotion being run on LinkedIn.

We have categorized 8 documents as Feasibility Study. All documents are displayed on this page.

A successful business venture starts with a careful analysis of the market landscape—an apt reminder from Richard Branson, founder of the Virgin Group, who once sagely noted, "Business opportunities are like buses; there's always another one coming." A critical instrument in this assessment is a Feasibility Study, a comprehensive examination of the various aspects of a project designed to determine its viability. It's an essential aspect of Strategic Planning that often sets the stage for the project's potential success or failure.




Trusted by over 10,000+ Client Organizations
Since 2012, we have provided best practices to over 10,000 businesses and organizations of all sizes, from startups and small businesses to the Fortune 100, in over 130 countries.
AT&T GE Cisco Intel IBM Coke Dell Toyota HP Nike Samsung Microsoft Astrazeneca JP Morgan KPMG Walgreens Walmart 3M Kaiser Oracle SAP Google E&Y Volvo Bosch Merck Fedex Shell Amgen Eli Lilly Roche AIG Abbott Amazon PwC T-Mobile Broadcom Bayer Pearson Titleist ConEd Pfizer NTT Data Schwab




Flevy Management Insights: Feasibility Study


A successful business venture starts with a careful analysis of the market landscape—an apt reminder from Richard Branson, founder of the Virgin Group, who once sagely noted, "Business opportunities are like buses; there's always another one coming." A critical instrument in this assessment is a Feasibility Study, a comprehensive examination of the various aspects of a project designed to determine its viability. It's an essential aspect of Strategic Planning that often sets the stage for the project's potential success or failure.

When to Conduct a Feasibility Study

In essence, a Feasibility Study is typically conducted in the early phases of a project's life cycle. Whether aspiring to enter a new market, launch a new product, or implement Digital Transformation initiatives, it provides key insights into the project's potential for success. Stakeholders often utilize the study's findings to make informed decisions—whether to proceed, revamp the plan, or maybe even abandon the project altogether.

Components of a Feasibility Study

A comprehensive Feasibility Study generally evaluates the project from five different perspectives:

  1. Technical feasibility: This assesses the project's practicality, identifying potential technological limitations and requirements that could influence its completion. For instance, a Digital Transformation initiative may falter if the necessary technical infrastructure is unavailable.
  2. Economic feasibility: Also known as cost-benefit analysis, this component scrutinizes the projected financial aspects of the project, including the costs, benefits, and potential economic risks. It's a crucial facet of Risk Management.
  3. Legal feasibility: This checks if the proposed venture or project complies with relevant laws and regulations, which can often be a significant performance hurdle.
  4. Operational feasibility: This seeks to determine what modifications, if any, need to be implemented in the existing operational processes. Scale, complexity, and human factor play crucial roles in Operational Excellence.
  5. Scheduling feasibility: This gauges the project's compatibility with the existing schedule or timelines, implications of any delay, and the required resources and time for completion. This is linked closely to Performance Management.

The Direct Benefits of a Feasibility Study

Organizations stand to gain significant value from in-depth Feasibility Studies. More precisely:

Beyond the Textbook: The Real Value of a Feasibility Study

Feasibility Studies are invaluable tools in a company's Strategic Planning arsenal, especially in today’s fast-paced and rapidly changing business environment. However, a Feasibility Study exposes more than just the viability of a project—it uncovers the story of the business, shedding light on its values, operational efficiency, and commitment to success.

Remember, foreseeing and measuring the most likely outcome of strategic decisions is not an expense or a hurdle; it's a prudent, and often game-changing investment. It's this level of detail and preparedness that not only reduces risk but often marks the difference between success and failure. In the words of Branson, "opportunities are like buses," and Feasibility Studies help to ensure that your company is ready to capitalize on the right one.

For effective implementation, take a look at these Feasibility Study best practices:


Explore related management topics: Digital Transformation Operational Excellence Strategic Planning Performance Management Risk Management Employee Training Software Integrated Financial Model Business Case Example




Additional Flevy Management Insights

Download our FREE Strategy & Transformation Framework Templates

Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S Strategy Model, Balanced Scorecard, Disruptive Innovation, BCG Experience Curve, and many more.