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The Feasibility Study Report

March 10 2011

For a feasibility study report to be compiled, the specifications, goals and scope of the project must be first taken for the business case that has already won approval by the stakeholders of the business venture. The only purpose of this type of document is to confirm the expectations of the stakeholders that this project will be a viable revenue source once it is completed.

To conduct a proper feasibility study report, many assumptions must first be made, then confirmed or debunked for this to be a productive study. To create this type of document, a guide should be used so the correct approach and order of things can be done in the correct sequence of events.

For many, the creation of a feasibility study report is done with the aid of a project management template program. This will set down the path for the completion of this all-important document so all of the variables can be explored and defined. This has to include all possible target audiences, no matter how small or distant from the manufacturer. This allows for more than one possible source of revenue to be generated for the proposed deliverable. The broader the scope is taken, the greater the possibilities and options for the stakeholders to make a decision on.

The feasibility study report also has to include the different variables that a deliverable can be made so it can suit the widest audience possible. This can be as simple as a color or size change for a particular region of the world that could make it more attractive. The more options that are given to the prospective customers in this study, the clearer the picture of what they might spend their monetary resources on, and gain a revenue stream for the company with this deliverable.

When a feasibility study report has concluded that the prospective deliverable is not a viable product, there will still be valuable information gained. This will be with the information why they did not like it, which can then be used to produce a new deliverable that will meet the needs of the consumer in a particular region of the world.