Tag: feasibility study outline

Sample Feasibility Study Outline

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I.    Executive Summary

This section is very important part of the feasibility study because it provides summary of the detailed contained within the rest of the document.

II.    Description of Products and Services

This section provides description of the product and/or services. It should capture the important aspects of the products and/or services that the organization or the shareholders is considering.

III.    Technology Consideration

This section explain that the organization consider with regard to technology. Nowadays, modern technology have been used to businesses to improved their products and services.

Feasibility study outline

IV.    Product/Service Marketplace

This part will describes the existing marketplace for the products and/or services  including the target market for this product or services, competitor, suppliers and the reason why your client or customer choose your products or services.

V.    Marketing Strategy

This section provides description on how the products or services will market such as how to promote and advertise it to the prospective client or customer.  Marketing plans should be focused on the right target groups to yield the greatest return on investment.

VI.    Organization and Staffing

This section will enumerate the need for additional staffing or personnel for the new products or services.

VII.    Schedule

This part includes the schedule for the implementation of the product or services including the detailed schedule such as the product planning. It includes some targeted milestones and time frames for completion.

VIII.    Financial Projections

This section provides the description of the financial projections for the new products and/or services such as the cost-benefit calculation, projected income statement, balance sheets. It also provides the assumptions on which the illustrated financial projection are based.

IX.     Findings and Recommendation

This section provides the summary of the findings of the feasibility study and explains why some course of action is or is not recommended such as the advantages and disadvantages. Also, it contains the recommendation for the products and/or services.

Business Feasibility Study Structure

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For all we know, a Business feasibility study is written to know if the business idea will become successful or not when implemented. It serves as an evaluation tool for every business because it will determine whether or not it’s worth investing your time and money to this business idea. Also, it will determine the profitability of the business.

Business feasibility study will analyze your business idea, market and financial feasibility of the business. The objectives of your study are to assess the market size, your competitive analysis, capital requirements, and management ability.

business feasibility studyDuring market analysis, you have to determine the type of demand that available for your product or service you plan to offer such as the consumer and distributor and then establish the size of the market and its growth capacity.

After determining if the market is available, you have to know your competitors and determine what makes your product or service special compare to your competitors. Also, analyze the sales strategy to use. Other factor to consider is to determine the management and personnel requirements.

Of course, before starting your business you have to know the financial feasibility of your business idea including making sales forecast, computing start-up and working capital requirements, estimating profitability and financial viability. Financial projection includes balance sheet, income statement, cash flow, and break even analysis.

Below is an example of Business Feasibility Study outline:

•    Executive Summary
•    Introduction
•    Product or Service
•    Market
•    Competition
•    Industry
•    Marketing and Sales Strategy
•    Operating Requirements
•    Financial Projection
•    Balance Sheet Projection
•    Income Statement Projection
•    Cash Flow Projection
•    Break Even Analysis
•    Financial Requirement
•    Recommendation and Findings
•    Conclusion

Sample System Feasibility Study Outline

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Feasibility study is a tool use to determine if the project or business will be successful. It serves as an evaluation since it contains the analyzation of each aspect in order to know the outcome of the proposed solution to the problems. These aspects include technical aspect, marketing aspect, financial aspect and economic aspect and so on. Make sure that before making any decision,

Writing feasibility study is hard when you don’t know how to start. So I make an outline to be used as guidelines. This sample feasibility study is about a Proposed System.

system feasibility study

I. Introduction

a. Purpose

b. Scope

c. System Overview

d. Project References

e. Acronyms and Abbreviations

II. Management Analysis

a. Environment

i. Organizational Structure

ii. Input/Output

iii. Processing

iv. Security

v. System Interaction

b. Current Procedures

c. Objectives

d. Constraints

e. Assumptions

f. Methodology

g. Evaluation and Criteria

h. Recommendation

III. Proposed System

a. Proposed System Description

b. Benefits and Improvements

c. Cost and Time Resource

d. System Effects

i. Software Effects

ii. Equipment Effects

iii. Organization Effects

iv. Operational Effects

v. Developmental Effects

vi. Site and Facility Effects

vii. Security and Privacy Effects

e. Recommendation

IV. Alternative System

a. Description of Alternative System

Suggested Outline for Feasibility Study

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One of the important steps in business development is a feasibility study.  Feasibility study is used to determine the potential for success of a proposed business venture.

The sample outline below can be used to help you make your study. However, not all feasibility studies are alike because it depends to the type of business venture analyzed and the market. The success of a feasibility study is based on the careful identification and evaluation of all of the important aspects for business success.

Description of the Project. Identify the list of product(s) or services(s) to be marketed and the general business model such as how the business will make money. Include the technical processes, size, location and kind of inputs. Also know the economic and social impact on local communities as well as environmental impact on the surrounding area.

Market Feasibility. Determine the industry description, industry competitiveness, market potential, sale projection and the access to market outlets.

Technical Feasibility. Find out the facility needs, suitability of production technology, availability and suitability of site, raw materials and others such as labor availability and qualified management personnel.

Financial Feasibility. Include the estimation of total capital requirements, equity and credit needs, budget expected costs and returns of various alternatives

Management Feasibility. Identify the business structure and business founders.

Conclusion. Include information that will be used for decision making whether to proceed the proposed business ventures.