It may involve approaches to cutting costs, assessing a new business location, or developing a new technological system. The feasibility report assesses the supporting data and reasoning of each plan and provides a recommendation of which plan to implement. Economic Feasibility An economic feasibility study reports on the cost factors of a proposed plan to an organization. If, for example, an organization requires a feasibility study on its payment-processing techniques, the report may assess the cost factors involving the functions of electronic funding, security measures and approvals applicable to both e-commerce and regular transactions.
It aims to analyze and justify the project in terms of technical feasibility, business viability and cost-effectiveness. Once the study is done, a feasibility study report FSR should be developed to summarize the activity and state if the particular project is realistic and practical.
The following definition gives a broader understanding of the document: A Feasibility Study Report FSR is a formally documented output of feasibility study that summarizes results of the analysis and evaluations conducted to review the proposed solution and investigate project alternatives for the purpose of identifying if the project is really feasible, cost-effective and profitable.
It describes and supports the most feasible solution applicable to the project. The report gives a brief description of the project and some background information.
Formally this document is the starting point for running the Pre-Charter Sub-Phase. In practice, it signifies that the sponsor can proceed with deciding on project investment and make necessary assignments to the project manager.
FSR Importance The process to write the report is called feasibility study reporting. Often it is a responsibility of the project manager to control such a process. The reporting process allows the senior management to get the necessary information required for making key decisions on budgeting and investment planning.
A well-written feasibility study report template lets develop solutions for: Project Analysis because an example of FSR helps link project efficiency to budgeted costs.
Risk Mitigation because it helps with contingency planning and risk treatment strategy development. Staff Training because the report can be used by senior management to identify staffing needs as well as acquire and train necessary specialists.
The process of reporting is the trigger to run the project investing process through underpinning the business case documentstating the reasons for undertaking the project, and analyzing project costs and benefits. Regardless of project size, scope and type, there are several key steps to writing such an important document.
Write Project Description At this step, you need to collect background information on your project to write the description. Then in the first part of your report you could write the next description: For example, in your FSR template your e-commence project might have the following solutions description: Each of the solutions is carefully analyzed, and necessary information required for making the final decision is available for the management team.
This step of feasibility study report writing requires you to investigate the solutions and put them against a set of evaluation criteria.
For example, you could add the following criteria to your report: For example, your report might include: For example, the conclusion of your FSR might be: The most feasible solution for the project has been chosen and approved and now is ready for further elaboration.
Content Requirements for Sample Feasibility Report The content of sample feasibility report is formatted and structured according to a range of requirements which may vary from organization to organization. Meanwhile, there are common suggestions, which are listed below.
Front Matter To begin with writing a sample feasibility report, first you need to create a title page that provides a descriptive yet concise title, your i. Next, you must include an itemized list of contents that provides headings and sub-headings sequenced the same way as they are structured in the report body.
Also add a list of all material tables, figures, illustrations, annexes used within the doc. Report Body Format Because there are many different styles and requirements for formatting the body of feasibility study report, it may be difficult for you to select right format for your report, so I suggest you discuss this issue with your curator or supervisor who should provide you with right styling and format requirements.
Meanwhile, there are several common suggestions as follows: Conclusion — a summary of the work done and your own conclusions regarding your analysis Recommendations — a series of recommendations practices and follow-up actions based on your conclusions Back Matter One last thing you need to consider when writing your feasibility study report template is that the report should include a Reference page that lists all reference material articles, books, web pages, periodicals, reports, etc.
This page should be styled appropriately. Additionally, you can create an Appendix page that provides detailed discussions of all criteria used in analyzing feasibility and examples of each criterion. This page should also be styled appropriately.Jun 29, · A business feasibility study or report examines a situation whether economical, technological, operational, marketing-related or other and identifies plans best .
If you are looking for guidelines writing feasibility report you should refer to Feasibility Study rutadeltambor.com, if the project you are working on is in concept stage, you should look at product mix optimization technique for mixed-use developments.
Hope you enjoyed the post.
Should you prepare a feasibility study report or a business plan? This is a question that is always asked by thousands of people daily. They want to prepare either of the two but classify both as the same without understanding the clear distinction between a feasibility study report and a business plan.
How many students participate?
The NAEP assessments are administered to representative samples of students rather than the entire national, state, or district rutadeltambor.com assessment, based on its design, samples different numbers of students. A lot of people in Nigeria, Africa, and several other places around the world who want a business proposal mistake it for a feasibility study report and many others who want a feasibility study report refer to it as a business proposal; all simply because it will be submitted to someone.
The course develops technical writing skills necessary to communicate information gained through a process of technical or experimental work.
The course highlights the factors that determine the degree of technicality of the language and concepts involved.