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Introduction To Project Feasibility Study

A project feasibility study is a thorough analysis of all factors affecting the likelihood of a project's success, including marketing, technical, financial, socioeconomic, and management aspects. It is used to evaluate proposed projects and determine if they should move forward. If approved after the feasibility study, the project enters the implementation phase where actual results are compared to projections from the study. Throughout the project lifecycle, the feasibility study is revisited and revised as needed based on changing conditions and variances from initial expectations.

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140 views

Introduction To Project Feasibility Study

A project feasibility study is a thorough analysis of all factors affecting the likelihood of a project's success, including marketing, technical, financial, socioeconomic, and management aspects. It is used to evaluate proposed projects and determine if they should move forward. If approved after the feasibility study, the project enters the implementation phase where actual results are compared to projections from the study. Throughout the project lifecycle, the feasibility study is revisited and revised as needed based on changing conditions and variances from initial expectations.

Uploaded by

keeno manzano
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Project Feasibility Study

AENG 420
Project Feasibility Study

● is a thorough and systematic analysis of all factors affecting the chances of


success of a proposed undertaking.
● is a synthesis of separate studies usually dealing with the marketing,
technical, financial, socioeconomic, and management aspects of a project.
Role of Project Feasibility Study

● A PFS is an essential medium of progress both as a means to initiate


profitable projects for socio-economic enhancement and industry expansion.
● A PFS is a tool in evaluating actual project results against projected
outcomes.
QUICK NOTE!!!!

Project feasibility study is not an antidote for


failure or a guarantee of success.
Project Development Cycle

● As soon as a project is identified, its applicability is examined through further


research, leading either to a generalized pre-feasibility study, or directly to an
analytic and systematic presentation of findings in the form of a project
feasibility study.
● It is then evaluated in terms of its optimality, practicality, potential, and
growth, for presentation to and negotiation with financing sources or
institutions, where the study undergoes further evaluation and re-evaluation.
● During the assessment of a project, recommendations on revisions to the
Project Feasibility Study or the non-feasibility of the proposed undertaking are
made.
Project Development Cycle

● At this point, the project is going through the "Go" or "No go" phase. If it is
found to be too risky to be feasible, the project is eventually shelved. Any
revisions and reevaluations of the project, however, may enhance its
feasibility during the implementation stage.
● As soon as the project is implemented, its outcomes are appraised against
the data presented in the feasibility study.
● During the project appraisal, the implementing group pinpoints the variances
between actual project results and the data provided in the project feasibility
study.
Project Development Cycle

● Taking into account changing conditions and deviations from the expected
outcome, the project is then improved in terms of performance, scheduling,
and costs. PERT /CPM (Program Evaluation and Review Technique/Critical
Path Method) techniques are usually incorporated in project implementation
so as to reduce variances between the projected outcome and the actual
results.
● The data implies an influence on further decisions to be made on future
project studies. Thus, the project development cycle is completed.
PROJECT SUMMARY

● This is the first section of a Project Feasibility Study.


● It presents the highlights, descriptive definition, long-range objectives,
feasibility criteria, history, and basic conclusions of the project under study.
● It gives the analyst and the financier a "capsule view" of the whole project.
Outline Form of Project Summary

A. Name of the Enterprise


B. Location
C. Descriptive Definition of the Project
D. Long-Range Objectives
E. Feasibility Criteria
F. Highlight of the Project
G. Major Assumptions used and Summary of Findings and Conclusion

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