You may have an idea for a project or business that you want to start. Blindly going with that idea and pushing through with it without the necessary reports to back it up might not have a positive effect. Especially when the project involves a large investment or when it is too complex, you would need to conduct a study of its viability and make a feasibility report.
A feasibility report would be needed to be done especially on projects that have risks associated with it. Doing one does not have to be a hard task as we have sample reports that you can use as a guide in making one of your own. All the necessary elements of a feasibility report are present in these samples.
13+ Sample Feasibility Reports
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Basic Feasibility Report Template
Formal Project Feasibility Report
Feasibility Study Report Example
Business Feasibility Report Template
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Sample Architecture Feasibility Report
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Pre-Feasibility Report Template
Short Feasibility Report
What Is a Feasibility Report?
A feasibility report is a documentary examining a proposed idea and whether it will be a viable endeavor. It examines all aspects related to the idea and its implementation. All the data including the expense reports, investment, etc., need to be factual and unbiased information. You can check our expense report samples and incident report samples for a guide on how to make them.
Parts of a Feasibility Report
A feasibility report needs to be comprehensive and should cover all the necessary aspects related to the implementation of the idea. Here are the parts you need to see in an effective feasibility report. The action reports templates that are on the internet can be of great use to you.
1. Executive Summary
Provide a summary of the study done. Explain what the project is all about, provide solutions and alternative courses of action, and then your recommendation. Take a look at the professional business report writing available online.
Explain the problem and why you did an investigation. You can also take a look at the weekly report templates that are available online for more.
Why are you doing a feasibility study?
This serves as the body of your report and where you write in detail your processes, methodologies, etc. You may also see technical reports.
5. Alternative Solutions
You will need to post at least three solutions to the problem and examine the viability of these solutions.
Recommend which of the three solutions is the most viable option.
Briefly write a conclusion to the report.
Types of Feasibility
A feasibility study needs to examine all aspects regarding the implementation of a proposed idea. By doing one, you are saved from the cost of pushing through a project that ends up failing. There are many types of feasibility studies and they are outlined below. You may also see product analysis reports.
1. Technical Feasibility
This is an examination of the company’s resources. This examines whether the current company equipment and resources are enough in undertaking the new project or if they have to upgrade what they currently have. You may also see background check reports.
2. Schedule Feasibility
The project may require to stick to a timeline in order to succeed and so companies need to check their own timetable if they can undertake a new project. You may also see science project reports.
3. Economic Feasibility
Examine the cost/benefit analysis. Compare Sample Expense Reports to revenues you’ll earn in the long term.
4. Marketing Feasibility
Consider your target market and whether your product appeals to a certain demographic.
5. Other Feasibility Studies
There are other aspects that determine whether a proposal is viable or not including legal, cultural, ethical feasibility, and so on. The executive reports can help you make excliusive exectuive reports you need of any kind.
Feasibility studies need to be done when venturing into new endeavors. Making feasibility reports doesn’t have to be a tedious task as you can download these sample reports and use them as your guide. You never know, that idea of yours may probably be an idea that will change your life.
1. Define a Feasibility Report.
A feasibility report can be defined as a document that evaluates potential solutions to business issues, problems, and opportunities. It helps determine which of these is viable for further analysis, to make sure that if ever these issues are to occur again, there is an effective solution to eradicate that problem.
2. What is the importance of a Feasibility Report?
A feasibility report lets you understand how a proposal can work on a long-term basis and support financial risks that may occur during the project. It recognizes what are the potential cash flows an organization has. It helps planners focus on the project and narrows down all the possibilities with ease.
3. What is included in a Feasibility Report?
A feasibility report helps examine a solution and evaluates if it is possible to overcome certain constraints. It includes the following in it:
- A lesson summary
- Background information
- Requirements for the solution
- Conclusions, so that people know what needs to be done
- And finally, the recommendation and final opinions sections.
4. Why should a Feasibility Report be used?
A feasibility report is written to see if a new business model or a revenue stream makes sense for your business so that it can be run successfully. In business, a feasibility study is an evaluation of the practicality of a proposed business direction.
5. How do you write a Feasibility Report?
You can write a feasibility report with the help of the following steps:
- Write the project description
- Collect all the background information you can for the project
- Describe all possible problems and their solutions
- List the evaluation criteria
- Propose the most proper solutions to issues
- Write the perfect conclusion.
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