A feasibility study analyzes the viability of a proposed project to determine if it is technically possible, financially feasible, and profitable. It focuses on answering whether the project should proceed. A feasibility study evaluates all aspects of a project, including technical, economic, environmental, and socio-political factors, to advise on development plans based on justifications. Conducting feasibility studies is important for both gaining knowledge about the development process and aiding decision-making by identifying potential problems with implementation and determining whether a project should move forward.
A feasibility study analyzes the viability of a proposed project to determine if it is technically possible, financially feasible, and profitable. It focuses on answering whether the project should proceed. A feasibility study evaluates all aspects of a project, including technical, economic, environmental, and socio-political factors, to advise on development plans based on justifications. Conducting feasibility studies is important for both gaining knowledge about the development process and aiding decision-making by identifying potential problems with implementation and determining whether a project should move forward.
A feasibility study analyzes the viability of a proposed project to determine if it is technically possible, financially feasible, and profitable. It focuses on answering whether the project should proceed. A feasibility study evaluates all aspects of a project, including technical, economic, environmental, and socio-political factors, to advise on development plans based on justifications. Conducting feasibility studies is important for both gaining knowledge about the development process and aiding decision-making by identifying potential problems with implementation and determining whether a project should move forward.
MDS-509: Studying Feasibility of Development Interventions
Session-1: What is Feasibility Study ?
Dr. Md. Nurul Amin
Associate Professor Department of Public Administration Jahangirnagar University What is ‘feasibility’ ?
The English word feasible comes from faire, the French
verb meaning “to do.” Hence, feasibility refers to “capable of being done” of an idea.
Feasibility may define as “the possibility that can be
made, done, or achieved, or is reasonable”. [Cambridge English Dictionary] What is ‘feasibility’ ?
Therefore, ‘feasibility’ means the degree or
state of being easily, conveniently, or reasonably done. If something is ‘feasible,’ it means that we can do it, make it, or achieve it. In other words, it is ‘doable’ and also ‘viable’. Understanding feasibility study Mary Holz-Clause & Don Hofstrand [in Iowa State University webpage] write: “A feasibility study is an analysis of the viability of an idea.” “The feasibility study focuses on helping answer the essential question of ‘should we proceed with the proposed project idea?’ All activities of the study are directed toward helping answer this question.” Understanding feasibility study
According to Business Dictionary, feasibility study refers to
“an analysis and evaluation of a proposed project to determine if it (1) is technically feasible, (2) is feasible within the estimated cost, and (3) will be profitable. Feasibility studies are almost always conducted where large sums are at stake. [http://www.businessdictionary.com/definition/feasibility- study.html] Understanding feasibility study
Feasibility study/ analysis is client –oriented advice
relevant to development plan and informed by technical, economic, ecological and socio-political justifications. [for example, Feasibility study of the construction of Padma Bridge ] Why do we care feasibility analysis ? Theoretical reason [one studies feasibility analysis so that one can know more about the development process, both in pursuit of knowledge for its own sake and to inform practitioners] Practical reason [To become aware of any potential problems that could occur while implementing the development project; Make an initial "go" or "no-go" decision about moving ahead with the development plan. Hence, aids decision-making on the development interventions] Thank You
(Professional and Practice-based Learning 5) Rob F. Poell, Marianne van Woerkom (auth.), Rob F. Poell, Marianne van Woerkom (eds.) - Supporting Workplace Learning_ Towards Evidence-based Practice-Spri