Feasibility Report || Introduction || Importance || Sales || Marketing

A feasibility report is a document that assesses potential solutions to the business problem or opportunity, and determines which of these are viable for further analysis.

Feasibility studies can identify the logistical, financial, and market challenges of a proposed project by evaluating: What the estimate would be to fund the project. When the potential business will offer a return on investment. The market for the proposed product or service.

There are different types of studies to check feasibility, such as technical feasibility, market feasibility, organization feasibility, and financial feasibility, that help a company determine the viability of a business plan.

Importance of Feasibility Study
Improves project teams' focus.
Identifies new opportunities.
Provides valuable information for a “go/no-go” decision.
Narrows the business alternatives.
Identifies a valid reason to undertake the project.
Enhances the success rate by evaluating multiple parameters.

How do you describe feasibility?
It is an assessment of the practicality of a proposed project/plan. A feasibility study is part of the initial design stage of any project/plan. It is conducted in order to objectively uncover the strengths and weaknesses of a proposed project or an existing business

A feasibility report is a paper that examines a proposed solution and evaluates whether it is possible, given certain constraints. It includes six sections: introduction, background information, requirements, evaluation, conclusions, and finally, the recommendation or final opinion section.

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