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Feasibility Study of a Biomass Energy System for Boulder County Parks Department Final ReportPrepared for: Boulder County Department of Parks and Open Space 8220 St. Train Road, Longmont, CO 80503Prepared
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A feasibility study is an assessment of the practicality and viability of a proposed project or system. It evaluates the project's potential for success, considering various factors like economic, technical, legal, and operational aspects.
Individuals or organizations planning to initiate a project that requires approval or funding typically need to file a feasibility study. This includes businesses, government agencies, and non-profits.
To fill out a feasibility study, one should gather all the necessary data regarding the project, outline objectives, analyze the market, determine resources needed, assess potential challenges, and create financial projections. The study should be structured with sections covering the executive summary, project description, market analysis, technical feasibility, financial feasibility, and risk assessment.
The purpose of a feasibility study is to evaluate the likelihood of the project's success, to identify potential issues and risks, and to provide stakeholders with the information necessary to make informed decisions regarding the project's approval and funding.
A feasibility study must report information such as the project objectives, background information, market analysis, technical requirements, potential financial implications, risk factors, and conclusions or recommendations.
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