Kansas Feasibility Study Outline
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How to fill out Feasibility Study Outline?
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FAQ
The seven steps when conducting a feasibility study usually consist of project definition, market analysis, technical analysis, organizational analysis, financial analysis, risk assessment, and final report preparation. By following the Kansas Feasibility Study Outline, you break down each step clearly and ensure comprehensive analysis. This structured approach helps you methodically evaluate whether your project will succeed.
Contents of a Feasibility ReportTechnology Considerations. Product/ Service Marketplace. Identification of the Specific Market. Marketing Strategy.
There are four main elements that go into a feasibility study: technical feasibility, financial feasibility, market feasibility (or market fit), and operational feasibility.
Define the project and alternative scenariosDescribe the type and quality of product(s) or service(s) to be marketed. Outline the general business model (i.e. how the business will make money). Include the technical processes including size, location, kind of inputs, etc.
Define the project and alternative scenariosDescribe the type and quality of product(s) or service(s) to be marketed. Outline the general business model (i.e. how the business will make money). Include the technical processes including size, location, kind of inputs, etc.
Contents of a Feasibility StudyTechnology Considerations. Product or Service Marketplace. Identification of Specific Market.
Economics. The most important part of a feasibility study is the economics. Economics is the reason most projects are undertaken (with some exceptions for government and non-profit projects in which a cost benefit analysis is the primary tool).
How to conduct a feasibility studyStep 1: Conduct the preliminary analysis.Step 2: Create a project scope outline.Step 3: Perform your market research.Step 4: Calculate the financial cost.Step 5: Review your research and present your findings to the project stakeholders.
For example, an automobile prototype is a tool for the feasibility study, an experiment on rats to develop a new medicine is a procedure of feasibility analysis, checking the configuration and features before purchasing a laptop resembles feasibility tests.