Before embarking on a major project it is important to undertake a feasibility study to determine whether it is viable. In the absence of a feasibility study major investments of time and capital can be wasted in a project failure.
Concept Business Solutions are experienced consultants that have undertaken countless feasibility studies for a wide range of purposes. If a project is not determined as feasible then solutions will be provided to try and solve the problem along with recommended alternatives. Types of feasibility studies covered include:
- Schedule feasibility – will the project be completed in the time scale required for it to be of benefit?
- Cultural feasibility – does the culture within the organisation support or conflict with the proposed plans?
- Resource feasibility – what resources are required? From where will they be sourced? Will they conflict with current resources employed? Will they be consistently available in time and in the right quantities?
- Legal feasibility – what are the legal issues that need to be considered both before and after the project?
- Technology feasibility – does the technology required to implement the project exist and if not, what technologies are required? If new technologies are required, how much will it cost and how long will it take to source them?
- Will employees need to be retrained? Will existing technologies have to be replaced?
- Market feasibility – does the geographic location support the project?
- Economic feasibility – have all the costs been accurately forecasted so that you are sure that they will not exceed the benefits? Is the project economically beneficial for the business?
By using the feasibility study service provided by Concept Business Solutions you will receive an accurate and realistic report from an objective and experienced analyst. Contact us now on 02920 860555 or email us.
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