Parts of a Project Feasibility Study
A feasibility study goes one layer deeper than a business case — it doesn’t just ask “is this worth doing?” but “can this actually be done, and how?” It’s usually done before or alongside the business case to de-risk the recommendation.
Executive Summary
Content: The proposed project, key findings across all feasibility dimensions, and an overall go/no-go recommendation.
| Size | Length |
|---|---|
| Small | 2–3 sentences |
| Medium | Half a page |
| Large | 1–2 pages |
Project Description / Background
Content: What’s being proposed, the context that prompted it, objectives, and scope boundaries.
| Size | Length |
|---|---|
| Small | 1 paragraph |
| Medium | 1 page |
| Large | 2–3 pages |
Market/Demand Feasibility
Content: Is there real demand? Market size, target customers/users, competitive landscape, trends. For internal projects, this becomes “organizational demand” — will people actually use/adopt it?
| Size | Length |
|---|---|
| Small | A few bullets or omitted if purely internal |
| Medium | 1 page, basic competitor scan |
| Large | Full market analysis, often with primary research (surveys, interviews) and named comparators |
Risk Assessment
Content: Key risks across all feasibility dimensions above, likelihood/impact, and whether they’re showstoppers or manageable.
| Size | Length |
|---|---|
| Small | 3–5 bullets |
| Medium | Risk table |
| Large | Full risk register, sometimes quantified (Monte Carlo, expected value) |
Alternatives Considered
Content: Other approaches evaluated and why they were ruled out (similar to business case, but with more technical/operational depth here).
| Size | Length |
|---|---|
| Small | 1–2 sentences |
| Medium | Half a page |
| Large | 1–2 pages with comparative criteria |
Conclusion & Recommendation
Content: Overall feasibility verdict — feasible, feasible with conditions, or not feasible — and the reasoning tying back to each dimension studied.
| Size | Length |
|---|---|
| Small | 1–2 sentences |
| Medium | Half a page |
| Large | 1 page |