What are the major aspect of feasibility study?

Five key areas of a feasibility study are technical, economic, legal, operational and scheduling.

What are the 6 components of a feasibility study?

If you are planning on conducting a feasibility study, you will need to include the following six elements:

  • The project scope. First, the business problem/opportunity has to be addressed clearly.
  • The current analysis.
  • The requirements.
  • The approach.
  • Evaluation.
  • Review.

What is the marketing aspect of feasibility study?

Market feasibility studies should include a description of the industry, current market analysis, competition, anticipated future market potential, potential sources of revenue, and sales projections.

What is technical aspect in feasibility study?

The technical aspect of a feasibility study helps you determine the efficacy of your proposed project by examining the details of your intended process, including materials and labor, logistics and technology related to producing, delivering and tracking the products or services you intend to develop.

What are the four areas of the feasibility analysis?

The full feasibility analysis for a for-profit enterprise typically covers four areas: Product/service feasibility; Industry/market feasibility; Organizational feasibility; and Financial feasibility (Barringer & Gresock, 2008).

What is financial aspect of feasibility study?

A financial feasibility study projects how much start-up capital is needed, sources of capital, returns on investment, and other financial considerations. It looks at how much cash is required, where it will come from, and how it will be spent.

What are the parts of a market study aspect?

What is socio economic aspect in feasibility study?

The impact of the investment on the poor should also be assessed and measures to maximize the positive impact on the poor introduced. Socio-economic Evaluation. Economic feasibility studies analyze the relation between the costs and benefits of a project.

What are the steps in making feasibility study?

Conducting a Feasibility Study

  1. Step One: Conduct a Preliminary Analysis.
  2. Step Two: Prepare a Projected Income Statement.
  3. Step Three: Conduct a Market Survey.
  4. Step Four: Plan Business Organization and Operations.
  5. Step Five: Prepare an Opening Day Balance Sheet.
  6. Step Six: Review and Analyze All Data.

What is management aspect in feasibility study?

What Is Management Aspect In A Feasibility Study? The management aspect implies a clear and precise identification of duties and responsibilities, flow of authority and manpower level requirement. It must be set up for optimum effectiveness.