What is feasibility study

Availability of various services related to the project such as availability of extension services or veterinary or water or electricity or good roads Typically this means estimating how long the system will take to develop, and if it can be completed in a given time period using some methods like payback period.

Factors that make one method being preferred to other method in agricultural projects are the following: A system may serve its intended purpose most effectively when its technical and operating characteristics are engineered into the design.

Other feasibility factors[ edit ] Resource feasibility[ edit ] Describe how much time is available to build the new system, when it can be built, whether it interferes with normal business operations, type and amount of resources required, dependencies, and developmental procedures with company revenue prospectus.

Schedule feasibility is a measure of how reasonable the project timetable is. Rate of conversion to cash-liquidity i. The most important factors that determine the selection of project location are the following: Production technique[ edit ] After we determine the appropriate method of production of a commodity, it is necessary to look for the optimal technique to produce this commodity.

Legal feasibility[ edit ] Determines whether the proposed system conflicts with legal requirements, e. Availability of markets for outputs of each method and the expected prices for these outputs. Determination of construction period concerning the costs of designs and consultations and the costs of constructions and other tools.

Various efficiency factors such as the expected increase in one additional unit of fertilizer or productivity of a specified crop per one dunum. It is an evaluation of the hardware and software and how it meets the need of the proposed system [9] Method of production[ edit ] The selection among a number of methods to produce the same commodity should be undertaken first.

These parameters are required to be considered at the early stages of design if desired operational behaviours are to be realised. Operational feasibility study[ edit ] Operational feasibility is the measure of how well a proposed system solves the problems, and takes advantage of the opportunities identified during scope definition and how it satisfies the requirements identified in the requirements analysis phase of system development.

These include such design-dependent parameters as reliability, maintainability, supportability, usability, producibility, disposability, sustainability, affordability and others. Therefore, operational feasibility is a critical aspect of systems engineering that needs to be an integral part of the early design phases.

Feasibility Study

To ensure success, desired operational outcomes must be imparted during design and development. In case of a new project, financial viability can be judged on the following parameters: Mild slowing of sales.

Determination of tools and equipment needed for the project such as drinkers and feeders or pumps or pipes …etc. A brief description of the business to assess more possible factors which could affect the study The part of the business being examined The human and economic factor The possible solutions to the problem At this level, the concern is whether the proposal is both technically and legally feasible assuming moderate cost.

Determination of minimum storage of inputs, cash money to cope with operating and contingency costs. It is necessary to determine whether the deadlines are mandatory or desirable. A system design and development requires appropriate and timely application of engineering and management efforts to meet the previously mentioned parameters.

Technical feasibility[ edit ] This assessment is based on an outline design of system requirements, to determine whether the company has the technical expertise to handle completion of the project. Availability of land proper acreage and reasonable costs.

Given our technical expertise, are the project deadlines reasonable?

Feasibility study

Sensitivity in the repayments capability to the following factors: Availability of inputs or raw materials and their quality and prices.

The impact of the project on the environment and the approval of the concerned institutions for license. Some projects are initiated with specific deadlines.You can use this Feasibility Study template to perform a preliminary study to determine a project’s viability, analyze the problem and then determine if it can be solved effectively.

Feasibility Study is an assessment of the practicality of a proposed project or system. Over-view. A feasibility study aims to objectively and rationally uncover the strengths and weaknesses of an existing business or proposed venture, opportunities and threats present in the.

A feasibility study also addresses such important issues as where (and how) the business will operate. If done properly, your feasibility will provide in-depth details about all the various components of your business in order to determine if it can succeed.

A feasibility study is an analysis used in measuring the ability and likelihood to complete a project successfully including all relevant factors.

The feasibility study helps to narrow the scope of the project to identify and define two or three scenarios or alternatives. The person or business conducting the feasibility study may work with the group to identify the “best” alternative for their situation.

This becomes the basis for the business plan. FEASIBILITY STUDY TEMPLATE. This Feasibility Study Template is free for you to copy and use on your project and within your organization.

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What is feasibility study
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