Project Feasibility Study Template
Imagine, the idea for a new project has arisen or a business need has been identified.
Consequently a couple of questions are guaranteed to come to your mind:
“Is this project possible?”
“Are we allowed to do that?”
“Are we capable enough to do that?”
“Can we realize it in the given time and does the project still make sense by then?”
“Is this project even worth it?”
Did you ever have to write a Project Feasibility Study?
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Response from Arnecke Professional Project Management Services and Security
Thanks Christopher, contact me if I can be of further support. Also check my Project Management Plan template set: https://armaco.org/how-to-write-a-project-plan/
Good stuff, amazing fast email support
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This template got me going
When I was tasked recently to write a feasibility for our new project, I was pretty much lost. I knew what a feasibility study is, but the template got me going. Without it, I would have taken much more time and the result probably wouldn’t have been the bsame.
Fortunately, I found your template. I prepared the feasibility easily and in no time.
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Is that possible?
The feasibility of a solution from a point of view that deals with criteria such as material properties or physical laws and the like.
Are we allowed to carry out the project like this?
If not: What would have to be changed to make the project compliant with national and international laws, rules, and guidelines (such as ethical principles etc.)?
Is our organization able to design and carry out the project?
Criteria here are the authorizations, responsibilities and the level of project management maturity of the organization.
Can we realize it in the given time and does the project still make sense then?
After all, a project will fail if not completed on time.
Does the whole thing even pay off?
The net benefit of a proposed project for accepting or disbursing funds, taking into consideration the benefits and costs of the project. The value sometimes can be in, for example, improved quality or improved reputation.