Feasibility Study
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Conducting a FS enables an objective analysis of a project idea. | Conducting a FS enables an objective analysis of a project idea. | ||
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| + | ==Conducting a Feasibility Study== | ||
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| + | *Scope | ||
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| + | *Current market | ||
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| + | *Alternatives | ||
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| + | *Economic Feasibility | ||
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| + | ==Limitations== | ||
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| + | ==References== | ||
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| + | ==Annotated Bibliography== | ||
Revision as of 21:10, 15 September 2017
Contents |
Abstract
A Feasibility Study (FS) serves as a holistic decision basis for determining the practicality of a project idea. “There is nothing more unproductive than to build something efficiently that should not have been built at all.” Tim Bryce, Managing Director of M. Bryce & Associates. Worthwhileness is the essential focus of a FS. The distributions of recourses during the lifetime of a project are naturally negatively skewed, consequently it is most beneficial to address adjustments, optimizations, risks, limitations etc. related to a project at the very start. Hence a FS is an optional first stage of a project, where all major aspects of pursuing a given project are studied on a high level.
Conducting a FS enables an objective analysis of a project idea.
Conducting a Feasibility Study
- Scope
- Current market
- Alternatives
- Economic Feasibility
