HOW TO PREPARE DETAILED FEASIBILITY REPORTS

Feasibility reports are the foundation stone for any organisation, once the idea blooms for any business, it is essential to develop a feasibility study to see its realization. It’s basically a methodology to check the success relevance of the project, the product or service, is fair market study, competition, SWOT, the marketing strategy, revenue buildup, costs and the ROI.

Building the project on paper with near to actual figures is called the feasibility study, if it doesn’t support your project, then you don’t have a project. It’s the assessment of the practicality of a proposed plan or method product, project management tool, or the execution method.