Understanding the challenges for business change: Feasibility studies
Helping people and business change
Feasibility studies try to understand the challenges and risks for business change and if it’s worthwhile. These slides provide an introduction to the different types of study and how to approach them.
Why use a feasibility study
- Feasibility is the possibility that it can be done or achieved or reasonable
- This study aims to uncover the strengths and weaknesses of a proposal, reduce the risks associated, and maximize the prospects for success
- It helps answer questions for a project or proposal such as: is it worth doing? Will it solve my problem? Can it be done? How will it change things?
Feasibility studies: Understanding the challenges for Business Change
A feasibility will help in reducing risks and understanding the challenges for a Business change
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Very nice presentation. However, IMHO you under-represented the power of simulation. A quality simulation tool can also QUANTIFY value contribution, costs and risk of an initiative. You can test individual constraints to assess their relevance to the process from a QUANTIFIABLE risk and reward perspective. With this knowledge, you can now focus resources on the highest value, lowest risk most palatable cost projects in a statistically optimized (unbiased) event sequence. This approach greatly reduces resistance to change as initiatives are judged mathematically and far less emotionally.