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Basic Feasibility Study SCOPE What is the business opportunity? What is the purpose? What are your goals? What are the features and benefits?SWOT ANALYSIS (strengths, weaknesses, opportunities, threats) Your

How to fill out basic feasibility study

Point 1: Start by defining the goals and objectives of your project. This will help you determine whether it is feasible or not.

Point 2: Conduct a market analysis to assess the potential demand for your product or service. This will involve researching the target market, analyzing competitors, and identifying any market trends or opportunities.

Point 3: Evaluate the technical feasibility of your project. This includes determining whether the necessary technology, skills, and resources are available or can be acquired within the project's budget and timeline.

Point 4: Assess the financial feasibility by estimating the project's costs, potential revenues, and expected return on investment. This will help you determine if the project is financially viable and if it can generate sufficient profits.

Point 5: Consider the legal and regulatory aspects of your project. Identify any permits, licenses, or certifications required and assess the legal and regulatory compliance of your business operations.

Point 6: Analyze the operational feasibility of your project. This involves assessing whether the necessary processes, infrastructure, and resources are available or can be implemented to successfully execute the project.

Point 7: Evaluate the environmental and social impact of your project. Consider any potential environmental risks or social implications and develop mitigation strategies if needed.

Point 8: Create a comprehensive project plan that outlines the key milestones, tasks, and timelines. This will help you track progress and ensure that all aspects of the project are addressed.

Point 9: Finally, review and revise the feasibility study periodically to ensure that it remains accurate and up-to-date throughout the project's lifecycle.

Who needs basic feasibility study?

1. Entrepreneurs and startups: conducting a feasibility study can help them assess the viability of their business idea and make informed decisions before investing money and resources.
2. Project managers: undertaking a feasibility study is essential in project planning to evaluate the practicality and potential success of a project.
3. Investors and lenders: a feasibility study provides them with the necessary information to assess the financial viability and potential return on investment of a project before committing funds.

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What is basic feasibility study?

A basic feasibility study is a preliminary study conducted to determine if a project is viable.

Who is required to file basic feasibility study?

Any individual or organization planning a project is required to file a basic feasibility study.

How to fill out basic feasibility study?

To fill out a basic feasibility study, gather relevant data, analyze the information, and present findings in a structured report.

What is the purpose of basic feasibility study?

The purpose of a basic feasibility study is to assess the potential success of a project before significant resources are invested.

What information must be reported on basic feasibility study?

A basic feasibility study must include market analysis, cost estimation, risk assessment, and projected outcomes.