5 Key Components of a Feasibility Study

1. Economic feasibility: a cost-benefit analysis of inputs, contracts and impacts.
2. Market feasibility: focuses on the market potential of the project, customers and competitors.
3. Technical feasibility: analyzes the reliability of the technology and logistics to be used.
4. Financial feasibility: identifies the elements needed to achieve a project’s financial sustainability and meet all debt obligations.
5. Management feasibility: examines the ownership, board and history of the business, as well as skills, experience and qualifications required.