What is a feasibility study?
This is a preliminary business plan used to answer the question, “Should I do that?” It includes facts and projections that outline what will happen if something is done. It allows a businessperson to look at probable results before anything is done to produce those results. These studies can be brief or lengthy.
A feasibility study is a precursor to a business plan. In some cases it is a formal written analysis, and in some cases it is a less formal assessment process. In either case, the feasibility study involves a process of gathering, analyzing and evaluating information in order to determine whether or not you should go into a particular business. If the answer is yes, you should proceed with a business plan.
The main purpose of a Feasibility Study is to provide an accurate assessment of the factors, which might affect a campaign, and to evaluate both internal readiness and external opportunities available to successfully complete a large-scale capital campaign. Definition A Feasibility Study is conducted through personal interviews with a carefully selected cross-section of Board members, staff, industry, community leaders, alumni, friends, and others. Objectives Following consultation with an institution’s leadership, objectives of a Feasibility Study will be defined for use in developing the study instrument. In addition to specific objectives addressing the organization’s unique issues, the study will: • Educate potential donors • Identify campaign leadership • Identify potential donors and their giving levels • Gather information critical to campaign success in an objective manner • Assess your organization’s existing development capabilities and readiness for a campaign Process A Feas
Top A feasibility study is the first step in any project aimed at setting up or further developing a health micro-insurance scheme. Its objectives are to: ● test the relevance of the future health micro-insurance scheme; that is, ensure that it offers a suitable response to the problems raised, while taking into account the context in question; ● determine the characteristics of the future scheme that will encourage its development and sustain its viability; ● describe an initial situation to serve as a reference point for the subsequent evaluation of the scheme’s impact on the health context and on access to health care. Note: In certain cases, setting up a health micro-insurance scheme may not be the best solution. For example, in a context in which there are no health care facilities of acceptable quality, it might make more sense to improve the quality of existing health structures (or even create new ones) before setting up a health micro-insurance scheme. Likewise, in order to me
A feasibility study is designed to provide an overview of the primary issues related to a business idea. The purpose is to identify any make or break issues that would prevent your business from being successful in the marketplace. In other words, a feasibility study determines whether the business idea makes sense. A thorough feasibility analysis provides a lot of information necessary for the business plan. For example, a good market analysis is necessary in order to determine the projects feasibility. This information provides the basis for the market section of the business plan. Because putting together a business plan is a significant investment of time and money, you want to make sure that there are no major roadblocks facing your business idea before you make that investment. Identifying such roadblocks is the purpose of a feasibility study. A feasibility study looks at three major areas: a. Market issues b.Organizational/technical issues c. Financial issues Again, this is mean
