Feasibility Study Deadlines and Next Steps

Feasibility Study Deadlines

• Project description due by August 9
• Project parameters submission by August 16
• Technical feasibility assessment due by August 30
• Operational/manpower analysis by September 13
• Market feasibility report by September 27
• Financial analysis completion by October 18
• Complete draft required by November 11
• Presentation scheduled for the week of November 25-29
• Bound copies submission set for December 13

Business Feasibility Study Definition

• A systematic approach to identifying business problems, opportunities, and objectives.
• Evaluates success scenarios, and the costs and benefits related to various solutions.
• Supports decision-making with a cost-benefit analysis regarding business or project viability.
• Conducted before formal business planning to assess opportunities and risks.

Importance of Business/Project Feasibility Study

• Prevents resource and investment wastage.
• Acts as a foundation for preparing a comprehensive Business Plan.
• Reduces time and costs associated with business planning by providing essential research insights.
• Includes both quantitative and qualitative evidence to validate business concepts.

Practical Questions for Feasibility Assessment

• Is the business logistically achievable, and are technological needs met?
• What are the inherent risks, and how do products/services differ from competitors?
• Is the market growth trajectory favorable?
• Are the financial resources sufficient for business realization?
• Are there any time constraints influencing business establishment?

Steps in Feasibility Analysis

• Define project parameters, including financial feasibility and legal requirements.
• Conduct industry and market research to inform viability assessments.
• Review findings to ascertain the overall feasibility of the business concept.

Dimensions of Business Viability

• Market viability: Demand and competition analysis.
• Technical viability: Resource and technology adequacy.
• Business model viability: Sustainability and revenue generation potential.
• Management model viability: Organizational structure and effectiveness.
• Economic and financial viability: Profitability potential and funding opportunities.
• Exit strategy viability: Plans for divestment or business closure if necessary.

Feasibility Study Outline Components

• Introduction with cover sheet and preliminary pages.
• Executive summary highlighting key study findings.
• Detailed sections on marketing, operating requirements, and management.
• Analysis of product/service, technology, market environment, and competition.
• Critical evaluations of risks, industry conditions, and financial projections.
• Recommendations and conclusions summarizing insights.

Financial Projections Components

• Balance sheet projections to outline future financial position.
• Income statement projections to estimate profitability.
• Cash flow projections to ensure liquidity management.
• Break-even analysis to determine sales needed to cover costs.
• Detailed capital requirements and strategy for funding needs.