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Project Feasibility Template

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Project Feasibility Template Powered By Docstoc
					This is a template that is designed to help a company determine whether a particular
project is feasible. The template analyzes the key components of the project, including
technical, economical, financial, and human considerations. Additionally, it helps
identify the solutions for best satisfying the project's objectives as well as identifying the
risks and variables of the project. This document should be used by small businesses
or other entities that want to analyze the feasibility of a project plan.
                          PROJECT FEASIBILITY STUDY


Objectives of            To justify a decision to undertake a Project based upon a detailed
this document:            analysis of its key components, including technical, economic, financial
                          and human.
                         To identify the solution best satisfying the criteria given in the
                          Opportunity Assessment, and to assess its financial and business
                          feasibility and its resource requirements.
                         To assess the risks and critical variables of the proposed project.
                         To assess the impact on the organization.


 WORKING TITLE:


 PREPARED BY:


 BUSINESS UNIT:




 Approved by:                                                   Date:




 Reviewed by:                                                   Date:
 (optional)




Your name                                      1
TEMPLATE—Project Feasibility Study
                                                                                            WORKING TITLE: XXXXXX
Feasibility Study                                                                             Date of Issue: XXXXXX



 CONTACT INFORMATION:


 Business Unit:

 Business Process Owner:
      Tel:             Fax:                                                  E-mail:

 Study Coordinator:
       Tel:                               Fax:                               E-mail:

 LOGIC INTERNATIONAL:
      Tel:            Fax:                                                   E-mail:

 THE FOLLOWING INFORMATION SHOULD CORRESPOND TO THE OPPORTUNITY
 ASSESSMENT DOCUMENT WITH CHANGES CLEARLY INDICATED:
 GOALS & OBJECTIVES OF THE PROJECT:
 Provide a high-level statement of what the Project will accomplish.




 PROJECT DESCRIPTION:
 Describe the problem or opportunity to be addressed by the Project, identifying the root cause and/or supporting criteria.
 Provide objective evidence to support this background information. Identify the desired outcome of the Project.




 RECOMMENDED PRIORITY:

                                   High                Moderate                       Low

 STRATEGIC FIT:
 Show how the Project will support the Company’s strategic plan, business objectives, and/or social role.




Your name                                                    2
TEMPLATE—Feasibility Study
                                                                                               WORKING TITLE: XXXXXX
Feasibility Study                                                                                Date of Issue: XXXXXX




 BUSINESS CONTEXT:
 Describe the current business context and why the Company should invest in the Project at this time.




 ALTERNATIVES CONSIDERED:
 List all alternatives (including Status Quo). Summarize pros & cons, associated risks, expected benefits, and timelines for
 each (high level).

 1) Status Quo:

 2)



 PROJECT INTERRELATIONS:
 Identify interactions, cross-impacts or synergies the Project will have with other initiatives or other Business Units. Assess
 size of impact where possible. Identify individuals who need to be involved in the Feasibility Study in order to make a
 credible recommendation on the best solution.




 THE FOLLOWING NEW INFORMATION HIGHLIGHTS THE FINDINGS OF THE STUDY INTO
 THE FEASIBILITY OF THE PROJECT:

 CRITERIA FOR ANALYSIS:
 Identify the key criteria used for the Feasibility Study, and support the inclusion of each in the analysis. Establish the merits
 of tangible, intangible, and conditional benefits. Validate the framework of the study.




 RISKS ANALYSIS:
 For each alternative, identify risk factors and provide an assessment of impact (high, moderate, low) and mitigation
 strategies.




Your name                                                      3
TEMPLATE—Feasibility Study
                                                                                              WORKING TITLE: XXXXXX
Feasibility Study                                                                               Date of Issue: XXXXXX




 COST / BENEFIT ANALYSIS:
 Evaluate each alternative including tangible and intangible benefits. Contact Finance for support in this analysis.




 INVESTMENT ANALYSIS:
 Define measurement and comparison criteria (aligned with the business strategy) used to evaluate the investment
 alternatives. Contact Finance for support in this analysis.




 RECOMMENDATION:
 Identify the most appropriate solution for the Project, given the analysis criteria.           Explain the rationale for the
 recommendation.




 COSTS BREAKDOWN:
 For the costs used in the Investment Analysis, identify how they will affect the Business Unit and what metrics will be used
 for monitoring them.


 Direct Costs:


 Direct Ongoing Costs:


 Indirect & Hidden Costs:


 Corporate-Wide Costs:




 FEASIBILITY & IMPACT MANAGEMENT:
 Confirm the practicality of the recommended solution and describe the expected impact on other business processes, the
 internal environment, and external considerations. Show how these impacts will be managed.




Your name                                                     4
TEMPLATE—Feasibility Study
                                                                                             WORKING TITLE: XXXXXX
Feasibility Study                                                                              Date of Issue: XXXXXX




 PLANNING REQUIREMENTS & STRUCTURE:
 List all requirements, in terms of funds and resources, needed to prepare the detailed Project Plan.




 PROJECT STRUCTURE & RESOURCES:
 Propose a structure for the management of the Project and identify the needed resources. Estimate the total project costs in
 terms of Operating and Capital Funds. Note: This estimate will be used for obtaining funding.




 PROJECT DELIVERABLES & ROLLOUT SCHEDULE:
 Propose an advancement schedule for the Project showing the remaining gates to completion. Indicate expected start and
 completion dates. List the major deliverables and anticipated delivery date.




 ASSUMPTIONS:
 List any assumptions made in the analysis.




Your name                                                    5
TEMPLATE—Feasibility Study
                                                   WORKING TITLE: XXXXXX
Feasibility Study                                    Date of Issue: XXXXXX

 Document Information and Revision History
       File Name
       Original Author(s)
       Current Revision Author(s)


   Version   Date       Author(s)   Approved   Revision notes




Your name                            6
TEMPLATE—Feasibility Study
                                                                                                  WORKING TITLE: XXXXXX
Feasibility Study                                                                                   Date of Issue: XXXXXX

 
				
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Description: This is a template that is designed to help a company determine whether a particular project is feasible. The template analyzes the key components of the project, including technical, economical, financial, and human considerations. Additionally, it helps identify the solutions for best satisfying the project's objectives as well as identifying the risks and variables of the project. This document should be used by small businesses or other entities that want to analyze the feasibility of a project plan.