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The developing strategies of Feasibility study that important part of overall Business plan.

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Feasibility study plays an important part in developing strategies to meet an overall Business plan. It is carried out before the project has full financial approval.

 

The objectives of a feasibility study include:-

  • Defining the problem or opportunity.
  • Enabling the Steering Committee to select from a range of business and technical options and to identify the project(s) necessary to implement the chosen option
  • Establish a business case for the proposed system and enable the steering committee to decide whether to commit resources to its development
  • Recommend the way forward

 

The resulting feasibility study contains at least the following:-

  • A brief description of the requirement.
  • A number of options to provide a solution.
  • A cost-benefit analysis that includes a payback schedule and a gross estimate of the.
  • project costs for each option.
  • A tentative schedule for completion of key end products.
  • A recommended option.
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