We Conduct feasibility studies which benefit the project by giving you and other stakeholders a clear and detailed picture of the proposed project.
Below are some key benefits of conducting a feasibility study:
- Improves project teams’ focus
- Identifies new opportunities
- Provides valuable information for a “go/no-go” decision
- Narrows the business alternatives
- Identifies a valid reason to undertake the project
- Enhances the success rate by evaluating multiple parameters
- Aids decision-making on the project
- Identifies reasons not to proceed
Apart from the above, some projects also require other constraints to be analyzed -
- Internal Project Constraints:
- Technical,
- Technology,
- Budget,
- Resource, etc.
- Internal Corporate Constraints:
- Financial,
- Marketing,
- Import /Export, etc.
- External Constraints:
- Logistics, Environment,
- Laws, and Regulations, etc.