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The person who prepares a feasibility report evaluates the feasibility of different solutions and then chooses their recommendation for the best solution.
What does a feasibility report contains. A feasibility study contains a detailed analysis of whats needed to complete the proposed project. WHAT IS A FEASIBILITY STUDY. Feasibility report is a formal document for management use is prepared by system analyst during or after feasibility study.
A good feasibility study. It includes six sections. A detailed description of what it is.
According to Wikipedia a good feasibility study should provide. Feasibility report must be brief sufficiently non- technical so that it will be easily understandable. An abstract that concludes with a short summary of the recommended design.
A feasibility report is a report that evaluates a set of proposed project paths or solutions to determine if they are viable. An introduction that presents the context of the situation and then gives a clear and concise statement of the problem to solved. The report no matter how elaborate should be prepared before one undertakes any business or expands the existing one.
Some financial institutions require one as part of the loan process. It contains as an introduction the synopsis of the entire gamut of the project highlighting the major heads. From this executive summary a comprehensive mental view of the project may be formed.
A feasibility study from an architect or other professional will help determine options and whether the preferred or optimum option for a particular site is achievable and sustainable given the likely resources available. In project management a Feasibility Study Report FSR is a formally documented output of the feasibility study that summarizes results of the analysis and evaluations conducted to review the proposed solution and investigate project alternatives for the purpose of identifying whether the project in questions is feasible cost-effective and profitable or not. A feasibility study is done before an idea is approved or implemented.
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