Feasibility Reports: Why, When, and What
A Feasibility Report is a structured analysis used to assess whether a proposed project, idea, or initiative is practical and achievable. It helps decision-makers determine if they should proceed with, modify, or abandon a proposed plan before investing significant time and resources. Below is a comprehensive overview of the why , when , and what of feasibility reports. 🧩 1. Why Feasibility Reports Are Important Feasibility reports are essential because they: Reduce risk – Identify potential obstacles and uncertainties before implementation. Guide investment decisions – Offer a factual basis for allocating funds and resources. Provide alternatives – Suggest different courses of action if the original plan is not viable. Ensure accountability – Support transparent and evidence-based decision-making. Build stakeholder confidence – Demonstrate due diligence to investors, partners, and management. Example: Before launching a new manufacturing plant, a com...