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?