How To Structure A Feasibility Study
Managers are frequently called upon to look into the worth of a particular plan of action or the launch of a new product or more simply to review the structure of their Teams.
The gaping bear-trap waiting for you lies in producing a plan that does not deal scientifically or analytically with the issue. Only a fool would turn up to the meeting where you are about to present your ideas and opinions with a dog-eared piece of paper and hope for the best. Similarly those who burn many hours of energy coming up with a 100 page epic on all things irrelevant await the same fate.
Numbing rejection, humiliation and wasted effort.
The best approach, in common with all things managerial, is to have a plan and stick to it.
Perhaps you might want to consider the use of a Feasibility Template as below.
- Executive Summary
- Overview of the Project/Issue
- Economic Overview of the subject area/matter
- Site and Location Analysis – what are the physical parameters of the Project?
- Market Assessment
- Operational Aspects
- Financial Analysis
- Schedule of Action
Remember Failure To Prepare will always mean Prepare To Fail!