A feasibility study is
prepared to determine the validity and profitability
of a new business venture; or, for identifying new
opportunities for an existing business.
A feasibility study
is the process of defining in
precise terms the definition of a project, what strategic issues are required
for review and consideration in order to determine the viability of said
project. Investors and financial institutions require an in-depth
analysis that goes beyond the “paper napkin” analysis.
Feasibility studies are employed in the development of a new business or
identifying new opportunities for an existing business endeavor. As companies study new ventures a high level of analysis is
required in order to judge how viable and how profitable the new venture may be.
The Bobbitt Group Scope of Work will typically include the performance of
comprehensive review of the proposed facility including a review of any existing
planning documents prepared by others.
Bobbitt will
provide an in-depth look at the proposed business from a practical and financial
perspective based on our industry experience.
Our report will provide you with the facts and background you need to
make an informed, considered business decision.
Critical factors of a feasibility study are the quality, accuracy and
reliability of the study process. This
process involves making considered and judicious decisions about a number of
project features — including the following:
þ
A
thorough definition of the proposed project.
