Improving the chances of success – by understanding and reducing the risks associated with your business idea or project.
When a company wants to start something new it’s a good idea to understand the risk of the proposed new project, product, service or other expenditure of time, effort and money.
A good feasibility study will look at the planned project in a structured way.
You should expect to see the risk and reward objectively evaluated.
Factors like customers, revenue and cash flow on the one hand. Compared against the cost, time and effort needed to gain the planned benefits.
And then considered from the perspective of “Is this project feasible? Should we go ahead or not?”
Is this project feasible? Should we go ahead or not?