How Do I Assess the Feasibility of My Project?

Assessing if the project is both feasible and a good fit with your organization’s vision, mission, mandate and strategic priorities are essential components of pre-project development.

A feasibility study considers all of the aspects of your project, including the availability of time and capacity, financial and other resources, market demand, as well as technical aspects to enable you to determine if you should take your project idea forward.

Feasibility studies can be used to identify scope of work, provide a planning process, test project assumptions, estimate project budgets and build confidence. There are many different types of feasibility studies that may require specialist consultants to be properly carried out.

Setting out on criteria for success early will help ensure that the project is right for your organization and has the best chance of being realized.