Feasib - Introduction

Writing Project Feasibility Study

Chapter 1: IntroductionSource: Writing Project Feasibility Study by Nick Aduana

Nature of Feasibility Study

systematic inquiry

proposed business activity

viability in all areas

measurement of profitability level

Systematic Inquiry

An individual conducting a study has to follow definite procedures in investigating the business opportunity that needs to be addressed.

Careful planning is very important and the scientific approach is a valuable tool.

The aspects should be well coordinated and independent. The findings of one aspect should support other areas.

Proposed business activity

It should be intended for profit

It must be regularly undertaken

It must be financial in character

Viability in all areas

There may be instances when a project is viable in one aspect of the study but not feasible in other areas.

Viability in all areas ensures a higher chance of attracting and convincing prospective investors.

Measurement of profitability level

Profitability not only within a short period but during the entire life of the business.

Measure the level of profitability of a certain project undertaking against other possible projects.

Qualities of a good feasibility study

Comprehensive

Objective

Simple

Reliable

Coming next…

Project Summary