A feasibility study systematically investigates the viability of a proposed business activity by measuring its potential profitability and assessing viability in all key areas. The study requires careful, scientific planning to independently examine technical, financial, economic, and scheduling aspects so that findings from one area support others. A good feasibility study is comprehensive, objective, simple, and reliable in determining if a project will be viable and profitable not just in the short-term but over its entire lifespan.

1. Writing Project Feasibility
Study
Chapter 1: Introduction
Source: Writing Project Feasibility Study by Nick Aduana

2. Nature of Feasibility Study
systematic inquiry
proposed business activity
viability in all areas
measurement of profitability level

3. 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.

4. Proposed business activity
It should be intended for profit
It must be regularly undertaken
It must be financial in character

5. 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.

6. 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.

7. Qualities of a good feasibility study
Comprehensive
Objective
Simple
Reliable

8. Coming next…
Project Summary