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Project Feasibility and Its Types: by Nooruddin Shabbir Jasdanwala

A project feasibility study determines if a project is likely to succeed by identifying the market and assessing key factors like goals, potential roadblocks, budget, and requirements. There are several types of feasibility to consider: technical feasibility assesses how the product will be produced and delivered; economic viability evaluates the costs and benefits; commercial feasibility covers investment needs, commercialization strategy, and regulations; and financial feasibility focuses on startup costs, expenses, cash flow, and forecasting future performance. Considering all these factors helps determine if a project is feasible and advisable to undertake.

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69 views7 pages

Project Feasibility and Its Types: by Nooruddin Shabbir Jasdanwala

A project feasibility study determines if a project is likely to succeed by identifying the market and assessing key factors like goals, potential roadblocks, budget, and requirements. There are several types of feasibility to consider: technical feasibility assesses how the product will be produced and delivered; economic viability evaluates the costs and benefits; commercial feasibility covers investment needs, commercialization strategy, and regulations; and financial feasibility focuses on startup costs, expenses, cash flow, and forecasting future performance. Considering all these factors helps determine if a project is feasible and advisable to undertake.

Uploaded by

Nsj Jasdan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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Project Feasibility And

Its Types
By Nooruddin Shabbir Jasdanwala
Meaning of Project Feasibility

 A feasibility study determines whether the project is likely to succeed in the


first place. It is typically conducted before any steps are taken to move
forward with a project, including planning. It is one of the—if not the—most
important factors in determining whether the project can move forward. The
study identifies the market for the project.
 Highlights key goals for the project based on market research; maps out
potential roadblocks and offers alternative solutions; and factors in time,
budget, legal and manpower requirements to determine whether the project
is not only possible but advantageous for the company to undertake.
 It can serve as a critical guideline as the project gets underway. Project
managers can use the feasibility study to understand the project parameters,
business goals and risk factors at play.
Types of Project Feasibility

1. Technical Feasibility
 A technical feasibility study assesses the details of how you intend to deliver
a product or service to customers. Think materials, labor, transportation,
where your business will be located, and the technology that will be
necessary to bring all this together. It’s the logistical or tactical plan of how
your business will produce, store, deliver, and track its products or services.
 A technical feasibility study is an excellent tool for both troubleshooting and
long-term planning. It can serve as a flowchart of how your products and
services evolve and move through your business to physically reach your
market.
2. Economic Viability
Viability is a measure of the likely success of a particular action or set of actions.
An assessment of economic viability is an evaluation of the various economic
effects that may result from the implementation of a particular project. This
assessment will help decision makers decide whether a project is feasible or not.
 Assessing economic viability is informed by financial analysis and the main
tool which is usually used for this is cost benefit analysis. This involves
expressing costs and benefits in monetary terms to allow comparisons to be
made. But other non-financial benefits may also be explored. If at the end of
the exercise the benefits exceed the costs, the project may be considered to
be economically viable.
3. Commercial Feasibility
 Once you have determined that there is a market for your innovation, you
need to consider the financial requirements to make it viable. Commercial
feasibility typically covers:
 The amount of investment you require to bring your innovation to the market;
 Your approach to secure the required investments;
1. Your commercialization strategy and your revenue model.
 Other things to consider include understanding the regulatory requirements
you need to satisfy, your intellectual property status and whether you have
freedom to operate.
4. Financial Feasibility
 Financial feasibility focuses specifically on the financial aspects of the study.
It assesses the economical viability of a proposed venture by evaluating the
startup costs, operating expenses, cash flow and making a forecast of future
performance.
 The results from a financial feasibility study determine whether the proposed
project is financially possible and make a projection on the rate of return on
invested capital.
Other Types Of Project Feasibility

1. Schedule Feasibility
2. Cultural Feasibility
3. Legal/Ethical Feasibility
4. Resource Feasibility
5. Operational Feasibility
6. Marketing Feasibility
7. Real Estate Feasibility

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