Who Wants the Feasibility Study?
A feasibility study can provide much of the information needed for the project or business plan. • Business managers and supervisors want their input included in the study to make certain their concern for adequate resources and personnel are being considered. • Stakeholders, whose capital, personnel and reputation are on the line, use the feasibility results to help them decide whether or not to back the project. • Owners want to be sure the study has taken an objective look at the project proposal. To reduce bias by business or enterprise personnel, outside consultants (impartial third parties) are often hired to conduct the analysis and write the study.
