The purpose of a feasibility study is to analyze a business proposal to determine if the project is viable and if it should be followed through with. Determining if a business is feasible prior to establishing it prevents an investor from wasting money and time on a failed business venture.
Some concerns that are addressed through a feasibility study include:
A feasibility study is conducted in the idea stage of planning a business. It is not to be confused with a business plan. A business plan is only created after a feasibility study is conducted and a decision is made to move forward with the business.Learn More
A feasibility study is conducted by identifying potential problems for a business that could cause it to be unsuccessful. This is accomplished by examining the three main areas affecting business success: finance, marketing and organization.Full Answer >
A technical study of feasibility is an assessment of the logistical aspects of a business operation. It includes segments on necessary materials, labor and technology, and the means of shipping or transporting goods, according to About.com. Although not part of the technical portion of the study, a financial feasibility report is typically included, and it is supported by the details of the technical study.Full Answer >
A feasibility study for an information system project is an in-depth look at the project in order to determine whether or not an organization should proceed with its implementation. Feasibility studies provide project managers with an overview of the primary issues related to the project, as well as insights about the outcomes of the project, before the company invests too much time and money.Full Answer >
To calculate a percentage of $1.00, treat it as 100 pennies. The percentage sought is equal to the same number in cents. According to Math Is Fun, "percent" is a number per 100, so treating $1.00 as a 100 pennies makes the math simple.Full Answer >