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FEASIBILITY STUDIES
Frequently organizations need help in deciding whether to implement a new project or idea. Impact Collaborative assists organizations in making such decisions by doing feasibility studies to assess the viability of a proposed project.
Feasibility studies begin with an initial client meeting to understand what the client is trying to achieve by doing the feasibility study and how the study will be used. Once these goals have been defined, we create a work plan that outlines the process that will be used in doing the study.
Typically feasibility studies involve "best practice" research, demographic and/or market research, financial analysis, human resource analysis and risk analysis. Once the initial feasibility study is done, it may be followed by a technical or operational analysis that specifies the details of implementing the proposed project. Feasibility studies are sometimes used to provide data that will be included in a business plan, especially if an organization is seeking outside funding for a proposed project.