What is feasibility analysis in property development?
What is a Property Development Feasibility Analysis? A feasibility study is the process for determining the viability of a proposed initiative or development. It will also evaluate the proposed project development to determine if it is technically feasible within the estimated cost and will it be profitable.
What are the steps in conducting a feasibility study?
The seven feasibility study steps
- Preliminary analysis. …
- Defining the scope. …
- Market research. …
- Financial assessment. …
- Roadblocks and alternative solutions. …
- Reassessment. …
- Go or no-go decision.
What are the 3 parts of feasibility study?
In its simplest form, a Feasibility Study represents a definition of a problem or opportunity to be studied, an analysis of the current mode of operation, a definition of requirements, an evaluation of alternatives, and an agreed upon course of action.
What are the 5 aspects of feasibility study?
A feasibility study must be thorough, unbiased and objective. Five key areas of a feasibility study are technical, economic, legal, operational and scheduling.
What are the elements of feasibility study?
A feasibility report should include the following sections:
- Executive Summary.
- Description of the Product/Service.
- Technology Considerations.
- Product/ Service Marketplace.
- Identification of the Specific Market.
- Marketing Strategy.
- Organizational Structure.
What is feasibility study example?
For example, an automobile prototype is a tool for the feasibility study, an experiment on rats to develop a new medicine is a procedure of feasibility analysis, checking the configuration and features before purchasing a laptop resembles feasibility tests.
What is the purpose of conducting a feasibility study?
A feasibility study is designed to answer whether or not a proposed project or idea should go forward by determining whether the project or plan is practical and doable. A feasibility study can identify the strengths and weaknesses of the proposed plan.
What are the main objectives of feasibility study?
The main objective of a feasibility study is to determine whether or not a certain plan of action is likely to produce the anticipated result—that is, whether or not it will work, and whether or not it is worth doing economically.
What are the four types of feasibility study?
Types of Feasibility Study
- Technical Feasibility. This assessment focuses on the technical resources available to the organization. …
- Economic Feasibility. …
- Legal Feasibility. …
- Operational Feasibility. …
- Scheduling Feasibility.
What is the most important part of feasibility study?
The most important part of a feasibility study is the economics. Economics is the reason most projects are undertaken (with some exceptions for government and non-profit projects in which a cost benefit analysis is the primary tool).
How do you measure feasibility?
Feasibility will be assessed by collecting data on the following:
- Recruitment and retention rates.
- Adherence rates.
- Time required to recruit to target.
- Number of eligible participants required to recruit required sample size.
What are the most common content of feasibility study?
Contents of a Feasibility Study
Description of Product or Service. Technology Considerations. Product or Service Marketplace. Identification of Specific Market.