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


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.