Feasibility study template uk

We will cover some of these topics in future posts. Part 7: Financial Analysis. This is the heart of the feasibility study report. Here you will do all the financial analysis and report the various performance indicators. The information of this section should be organized under following heads:.

I have written about some of these topics and will be writing more in near future. You should organize other information, calculation, data etc. It up to you to decide what should be part of main report and what should go in the appendix. As a general practice you should put the followings in the appendix:. Hope you enjoyed this post about feasibility study template.

What do you think, use the comment section below. If possible page limitation is up to 20 pages only. Thank you for a wonderful job people. Thank you for the insight. Can please help with how to write a feasibility study on a small scale LPG business?

Please can you give me a full feasibility study of an institute training centre that covers 5 hectars. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. This site uses Akismet to reduce spam. Learn how your comment data is processed. But some elements can be summarised via a simple table or organised on a spreadsheet.

Our free project feasibility template will help you get started. This simple Excel file can be customised to suit the specific needs of your project using any spreadsheet software Microsoft Excel, Google Sheets ….

The feasibility study will bear its fruits only if the final objectives of the project are designed to bring concrete benefits to the company. Setting clear goals will enable you to make the inventory of the means and resources to employ to reach your target. As much as the success of your project may depend on the internal resources and strengths of your company, no project is free of external influences. Positive or negative externalities can affect the course of your project:.

Getting a clear picture of the environment of your project will help you evaluate and anticipate risks , but also seize opportunities along the way. What will your project require to succeed? You should list all the needs , among which:. After listing all the requirements, associate them with their cost based on data analysis. This will give you reliable estimates for your provisional budget and a way to map out cash flows.

By estimating the budget and identifying future business opportunities, you can determine whether the project will generate revenue , and if so, how long it will take. This could take months or even years in the case of very long-term oriented endeavours.

Therefore, you need to make sure that your business can keep operating until the project becomes a source of cash. To account for the different ways the execution of your project could play out, you should define three possible scenarios:.

It regroups your strengths and weaknesses , as well as each opportunity and threat. Once you have defined all these key elements and weighed the advantages and disadvantages of possible scenarios, you may choose the ideal path to completing your project. You can then proceed to the next phase with confidence and execute your vision. They could come in handy if you need to adapt your progress to unforeseen circumstances or external changes. The feasibility study is essential to all kinds of projects.

With this guide and our Excel template , you should be able to improve your chances of achieving success! Preparation is key , and this assessment of the practicality of your goals ensures no time and resources are wasted on fruitless efforts. Be sure to analyse future projects from all angles , assess your strengths and weaknesses and create scenarios to help you make the best decisions.

Operations Management. Project Management. By Henri Gisclard-Biondi. Table of contents What is a feasibility study? Definition and characteristics Feasibility study vs.

What is it useful for? Executive summary. Accept additional cookies Reject additional cookies View cookies. Hide this message. Home Health and social care Public health Health improvement. Guidance Feasibility study. Contents What to use it for Pros Cons How to carry out a feasibility study Example: Text messaging interventions to engage young people diagnosed with HIV with care More information and resources.

Print this page. What to use it for A feasibility study can be used after your product is developed summative evaluation. Pros Benefits include: identifying any problems with the study before running a full-scale evaluation an opportunity to refine the design, which can decrease missing data testing the practicalities of implementing an intervention to avoid any technical challenges when assessing the digital product Cons Drawbacks include: additional time and effort may tell you that it is hard to recruit people but might not tell you why; to answer this, conduct qualitative studies with the participants How to carry out a feasibility study Many factors can affect whether you will be able to conduct your planned evaluation study, for example: cost timing participant burden likely response rates whether measuring something affects the outcome.

Feasibility studies can help you answer questions like: is it possible to recruit participants to my study? You could answer this by looking at the recruitment rates once participants are in the study, do they stay in the study? You could answer this by looking at the retention rates are the participants willing to take part in follow-ups, including data collection?

You could answer this question by looking at the survey completion rates You could also look at the preliminary results of your outcome measures.

The study received ethics approval from the University of California, San Francisco. Published 4 May Related content Mixed methods study Choose evaluation methods: evaluating digital health products Patient-reported outcomes and experiences study Think aloud study: qualitative studies Case-control study: comparative studies Collection Evaluating digital health products.

Explore the topic Health improvement Research, testing and standards. Is this page useful? Thinking things through helps you in getting ideas for writing the report. Evaluate the Market Look at the market where you want to sell your product. Think if it is marketable enough and take note how other products are being promoted. This will give you a clear idea of how to do yours soon. You may also like weekly report templates. Evaluate Demand The next thing to do is evaluate the demand for the product.

See if there are similar products being offered in stores and online. If there are similar ones, you may choose another product to sell or another service to offer. But despite the demand, you can also improve the current product you have to make it sell more easily. You may also like sample report outlines. Evaluate Competition It is almost impossible to be blind about competition when it comes to simple business. Know what you are up against and see what you can make out of it. You must also know how your product is ahead of others.

If a certain product has already developed a strong customer patronage, take a sample of it and know how it works. Write the Description This is the first part of the writing phase.

You need to provide a short description of your product or service. Write it simply to avoid confusion and convince the reader about what you are offering. You may also see executive report templates. Emergency Fund Feasibility Report wrap.