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  1. Presented By: Dr. Richard Oliver F. Cortez, DBA, FRIBA, AFBE VMC Department of Business Administration FEASIBILITY STUDIES
  2. Feasibility studies can be used for various planning purposes. A new retail or mixed use development may request a feasibility study to determine project costs, community support, economic impact and market demographics. Retail restaurant franchises may request a study to determine site selection and identify ideal site opportunities within a region. And, an inventor may request a feasibility study to help determine the scope of interest, market approach for a new product and evaluate potential competition.
  3. Feasibility studies are key resource reports that provide detailed insight into a project or "BIG idea"; and, they are great tools for use in the planning stages of an organization's goals. In addition, lender's and/or investor groups may require feasibility studies to strengthen fundraising campaigns and determine funding options.
  4. When should a feasibility study be used? Here are a few examples of when feasibility studies are typically required or needed:
  5. Initial idea exploration, concept development and overall assessment.
  6. Development project requiring community support and proof of economic impact.
  7. Major business decisions that require a "Go/No Go" conclusion.
  8. New community based projects that require detailed analysis of project scope, needs and potential impact.
  9. A comprehensive analysis of competitors in the marketplace and what their offerings include vs. what goals an organization desires to pursue.
  10. Business planning and preparation stages.
  11. Technical, legal, operational and scheduling feasibility applications in project management.
  12. Determining market viability, financial viability and detailed SWOT analysis.
  13. Launching a new business.
  14. Launching a new product or service.
  15. CREDIT 1. feasibility-study 2. 3. 3. study/#What_is_an_example_of_a_feasibility_study 4. management/what-is-a-business-c
  16. Thank you very much for listening!