A feasibility study is completed to justify
an objective. It is
used to provide a cost/benefit analysis as well as a thorough
analysis of impacted stakeholders.
Usually several alternatives are considered and weighed
against each other. The
objective of a feasibility study is to determine the right
questions a typical feasibility study would answer include:
it feasible for Company X to centralize it’s call center
function versus having regional call centers?|
we outsource our installation function? What are the pros
and cons financially? What
are the subjective pros and cons?
How do we maintain control in an outsourced
is the cost/benefit of spending $1,000,000 on a new
we change the process on this task?
How is it done today and how much would we save by
changing the way we do it. |
it feasible for Company I to sell services in these states?
What would the anticipated sales be?
Who are the best targets?|
A typical feasibility study includes
the following tasks:
Alternative Selection Evaluation – Qualified and Quantified
Develop Screening Model
Choose an alternative
Obtain appropriate approvals
Develop Implementation schedule and project plan
In Time Expertise - When You Need It.
Business Plans, Feasibility Studies, Justify New Revenue Streams, Shape Strategies,
Pursue Funding, Decision Making Matrix, Research, Due Diligence, Customer
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