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Feasibility Study Template

A Feasibility Study is the analysis of a problem to determine if it can be solved effectively. The results determine whether the solution should be implemented. This activity takes place during the project initiation phase and is made before significant expenses are engaged.

Use this template to:

Perform a preliminary study to determine a project's viability.
Analyze an existing system to see if it is worth upgrading.
Determine if there is sufficient time to build the new system, when it can be built, whether it interferes with operations, type and amount of resources required, dependencies, etc.
Establish the cost-effectiveness of the proposed system.
Determine if the system conflicts with legal requirements.

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This Feasibility Study includes a 28 page template in MS Word™ format, which can be easily modified for your next project.

This template helps you write the Problem Statement, Business Environment, Business Problem, Requirements Statement, Business Drivers, Feasibility Assessment, Feasibility Ranking, Ranking Criteria, Ranking Scores, Proposed System, Cost Analysis, and Recommendations.

Please see more screenshots and the Table of Contents below.

Screenshots

Approval Page

Executive Summary

Chapter 2, Introduction

Chapter 3, Problem Statement

Chapter 3.2, Business Problem

Chapter 4, Requirements Statement

Chapter 5, Project Management

Chapter 6, Feasibility Assessment

Risks, Issues and Assumptions

Chapter 7, Feasibility Ranking

Chapter 8, Proposed System

Chapter 9, Cost Analysis

Chapter 10, Recommendations

Table of Contents toc

1. Executive Summary

2 Introduction
2.1 Purpose of this Document
2.2 Benefits
2.3 Justification
2.4 Scope
2.5 Relationship to Other Plans

3 Problem Statement
3.1 Business Environment
3.1.1 External Analysis
3.1.2 Business Vision
3.1.3 Business Units
3.1.4 Business Locations
3.1.5 Business Information
3.1.6 Business Technologies
3.1.7 Business Processes
3.2 Business Problem
3.2.1 Business Problem
3.2.2 Business Opportunity

4 Requirements Statement
4.1 Business Drivers
4.2 Business Requirements

5 Project Management
5.1 Sponsorship
5.2 Approach
5.3 Schedule
5.4 Resources

6 Feasibility Assessment
6.1 Option [#1]
6.1.1 Description
6.1.2 Assessment
6.1.3 Results
6.1.4 Risks
6.1.5 Issues
6.1.6 Assumptions
6.1.7 Benefits Realization
6.2 Option [#2]
6.3 Option [#3]

7 Feasibility Ranking
7.1 Ranking Criteria
7.2 Ranking Scores

8 Proposed System
8.1 Description of Proposed System
8.2 Improvements
8.3 Impacts
8.3.1 Equipment Impacts
8.3.2 Software Impacts
8.3.3 Organizational Impacts
8.3.4 Operational Impacts
8.3.5 Developmental Impacts
8.3.6 Site or Facility Impacts
8.3.7 Security and Privacy Impacts

9 Cost Analysis

10 Recommendations
10.1 Ranking Results
10.2 Best Option Recommendations
10.3 Best Option Satisfies Known Constraints
10.4 Best Option Satisfies Go/No Go Questions
10.5 Reasons For Rejected Other Options