A template to help you conduct an objective and rational analysis of the strengths and weaknesses of a proposed project. Learn more @ http://www.demandmetric.com/content/feasibility-study-template

1. Feasibility Study Template
Purpose
Use the feasibility study template to conduct an objective and rational analysis of the
strengths and weaknesses of a proposed project.
This feasibility study template will help you evaluate to the following areas of feasibility:
 Technical
 Economic
 Legal
 Operational
 Scheduling
How to Use this Template
Complete the following document with your project management team. Evaluate the
feasibility of the proposed project based on cost required and value to be attained.

2. Title Page
Feasibility Study
[Project Name]
Company Name
Street Address
City, State, Zip Code
Date

3. Table of Contents Page
1. General Information 4
1.1 Purpose
1.2 Scope
1.3 Overview
1.4 Assumptions & Constraints
1.5 Approach
1.6 Evaluation Criteria
1.7 References
1.8 Points of Contact
2. Considerations 6
2.1 Objectives
2.2 Time & Resource Costs
2.3 Areas of Feasibility
3. Recommendations 9
3.1 Recommendation
3.2 Approval

4. 1. General Information
1.1 Purpose
Describe the purpose of the feasibility study and provide a detailed description what the
organization is considering. Be sure to provide any relevant background information in this
section. It is important that this description captures the most important aspects of the
proposed project as well as how it may benefit internal and external stakeholders.
1.2 Scope
Describe the scope of the feasibility study as it relates to the project.
1.3 Overview
Provide a brief overview of the proposed project, include the following:
 Responsible Organization
 Name of Project
 Project Code
 Project Category
 Operational Status
o Operational
o Under development
o Undergoing a major modification
 Project environment or special conditions

5. 1.4 Assumptions and Constraints
Identify any assumptions and constraints. A few examples might include:
 Availability of information and resources
 Operational life of the proposed project
 Period of time for comparison of system alternatives
 Financial constraints
 Environmental constraints
1.5 Approach
Describe the method or strategy employed (e.g., survey, weighting, modeling,
benchmarking, and simulation) to evaluate the proposed project.
1.6 Evaluation Criteria
Identify the criteria applicable to the development process that will be used to determine
the most attractive option. Such criteria typically include cost, priority, development time,
ease of use, or any combination.
1.7 References
Provide a list of the references that were used in preparation of this document.

6. 1.8 Points of Contact
Using the chart below, provide a list of organizational contacts that may be needed by the
document user for informational and troubleshooting purposes.
Name Title Department Contact Information
Jim Beam Project Manager Marketing  jim.beam@company.com
 1-888-888-8888 X101
Jessica Watson Director of Marketing  jessica.watson@company.com
Marketing  1-888-888-8888 X102
Tim Smith Director of Sales Sales  tim.smith@company.com
 1-888-888-8888 X103
2. Considerations
2.1 Objectives
Analyze and document the performance objectives of the proposed project. A few
examples might include reduced resources and equipment costs, increased productivity,
automation and compliance with regulations.
2.2 Time and Resource Costs
Provide realistic estimates for both time and resource costs, including the time and funding
required for all activities of the lifecycle, from initiation through close. When making
estimates, remember to take current workload into account as well as absences, lead time
and staff training.

7. 2.3 Areas of Feasibility
For each of the areas below, state the reasoning that supports the recommendation of the
proposed system over the alternative projects.
 Technical
o Explain any technical considerations the organization must make with regards
to the project and answer whether or not the project is both
technically and legally feasible assuming moderate cost.
 Economic
o Financial projections are one key aspect of new project selection criteria.
Provide a description of the financial projections the new initiative is expected
to yield versus additional costs. This section should also provide the
assumptions on which the illustrated financial projections are based. A few
financial projects that you might want to consider include:
 Net present value (NPV)
 Cost-benefit calculations
 Balance sheets
 Legal Requirements and Tax Obligations
o Determine if the proposed project conflicts with legal requirements and tax
obligations.

8.  Operational
o Evaluate how well a proposed project solves the problems, and takes
advantage of the opportunities identified during scope definition and how it
satisfies the requirements identified in the requirements analysis phase of
system development.
 Resources
o With many projects there may be a need for additional staffing or for an
organization to restructure in order to accommodate the change. These are
important considerations as they may result in increased costs or require an
organization to change its practices and processes.
 Marketing
o This section is required if the project involves the creation of a new product or
service. Review our Product Marketing Plan Methodology to provide a high
level description of how the organization will market its product or service.
 Market Research
o Analyze the existing marketplace for the products and/or services the
organization is considering. Useful templates include:
 Marketing Segmentation and Analysis Tool
 Customer Profile Template

9.  Scheduling
o This section is not intended to include a detailed schedule as this would be
developed during project planning should this initiative be approved. This
section may include some targeted milestones and timeframes for completion
as a guideline only.
o Upon approval of this project use our Project Management Template to create
a project schedule that lists individual tasks, assigns ownership and outlines
start/end dates.
3. Recommendations
3.1 Recommendation
This section should summarize the findings of the feasibility study and explain why this
course of action is or is not recommended.
3.2 Approval
___________________________________ _______________________________
Project Sponsor Signature Date
___________________________________ _______________________________
Project Manager Signature Date