FEASIBILITY STUDY
COMPANY NAME STREET ADDRESS CITY, STATE ZIP CODE
DATE
TABLE OF CONTENTS
• DESCRIPTION OF PROJECT 2
• TECHNOLOGY CONSIDERATIONS 2
• ORGANIZATION AND STAFFING 2
• SCHEDULE 2
• FINANCIAL PROJECTIONS 2
• FINDINGS AND RECOMMENDATIONS 3
• DESCRIPTION OF PROJECT
This section provides a description of the project, which is being considered as for the feasibility study. The purpose of this section is to provide detailed descriptions of exactly what the organization is considering so this information can be applied to the following sections of the document. It is important that this description captures the most important aspects of the products and/or services that the organization is considering as well as how it may benefit users and the organization.
• TECHNOLOGY CONSIDERATIONS
This section should explain any considerations the organization must make with regards to technology. Many new initiatives rely on technology to manage or monitor various business functions. New technology may be developed internally or contracted through a service provider and always result in costs which must be weighed in determining the path forward.
• ORGANIZATION AND STAFFING
With many new products or services there may be a need for additional staffing or for an organization to restructure in order to accommodate the change. These are important considerations as they may result in increased costs or require an organization to change its practices and processes.
• SCHEDULE
This section is intended to provide a high-level framework for implementation of the product or service being considered. This section is intended to include a detailed schedule as this during project implementation. This section may include some targeted milestones and timeframes for completion as a guideline only.
• FINANCIAL PROJECTIONS
This section provides a description of the financial projections the new initiative is expected to yield versus additional costs. Financial projections are one key aspect of new project selection criteria. There are many ways to present these projections. Net present value (NPV), Return on Investment (ROI), cost-benefit calculation, payback period are just some examples of how financial projections may be illustrated. This section should also provide the assumptions on which the illustrated financial projections are based.
• FINDINGS AND RECOMMENDATIONS
This section should summarize the findings of the feasibility study and explain why this course of action is or is not recommended. This section may include a description of pros and cons for the initiative being considered. This section should be brief since most of the detail is included elsewhere in the document. Additionally, it should capture the likelihood of success for the project being studied.