A project manager normally has to submit some kind of supportive background in order to receive the go-ahead from upper management to pursue a project. It should be the one that is the most economically and technically feasible. For example, your report might include: Content Requirements for Sample Feasibility Report The content of sample feasibility report is formatted and structured according to a range of requirements which may vary from organization to organization.
Give some possible solutions There should be more than one solution for the problem the project is attempting to resolve. This page should also be styled appropriately. Pinpoint the most feasible solution Describe the most feasible solution here. Be sure to list criteria for all the solutions given in Step 2.
This information is included in the project description. FSR Importance The process to write the report is called feasibility study reporting.
Formally this document is the starting point for running the Pre-Charter Sub-Phase. For example, in your FSR template your e-commence project might have the following solutions description: This step of feasibility study report writing requires you to investigate the solutions and put them against a set of evaluation criteria.
It aims to analyze and justify the project in terms of technical feasibility, business viability and cost-effectiveness.
Review the aim of the project and reiterate the most feasible solution. The reporting process allows the senior management to get the necessary information required for making key decisions on budgeting and investment planning. It describes and supports the most feasible solution applicable to the project.
Once the study is done, a feasibility study report FSR should be developed to summarize the activity and state if the particular project is realistic and practical.
Conclusion — a summary of the work done and your own conclusions regarding your analysis Recommendations — a series of recommendations practices and follow-up actions based on your conclusions Back Matter One last thing you need to consider when writing your feasibility study report template is that the report should include a Reference page that lists all reference material articles, books, web pages, periodicals, reports, etc.
Staff Training because the report can be used by senior management to identify staffing needs as well as acquire and train necessary specialists. Each of the solutions is carefully analyzed, and necessary information required for making the final decision is available for the management team.
This page should be styled appropriately. Meanwhile, there are common suggestions, which are listed below. The reason for the project and any background information should be listed here. Do an alternatives analysis to come up with a few different ways to solve the issue and list them here.
Risk Mitigation because it helps with contingency planning and risk treatment strategy development. The following definition gives a broader understanding of the document: Regardless of project size, scope and type, there are several key steps to writing such an important document.
The report gives a brief description of the project and some background information. A Feasibility Study Report FSR is a formally documented output of feasibility study that summarizes results of the analysis and evaluations conducted to review the proposed solution and investigate project alternatives for the purpose of identifying if the project is really feasible, cost-effective and profitable.
Write the project description The powers that be want to know the details of the proposed project. Additionally, you can create an Appendix page that provides detailed discussions of all criteria used in analyzing feasibility and examples of each criterion.
The most feasible solution for the project has been chosen and approved and now is ready for further elaboration.
Meanwhile, there are several common suggestions as follows: Report Body Format Because there are many different styles and requirements for formatting the body of feasibility study report, it may be difficult for you to select right format for your report, so I suggest you discuss this issue with your curator or supervisor who should provide you with right styling and format requirements.
This is done by doing a feasibility study and submitting a report on the findings. A well-written feasibility study report template lets develop solutions for:The process to write the report is called feasibility study reporting. Often it is a responsibility of the project manager to control such a process.
The importance of writing the report consists in providing legal and technical evidence of the project’s vitality, sustainability and cost-effectiveness. A feasibility study report should include the project description, possible solutions, evaluation criteria, pinpointing the most feasible solution and a conclusion.
Feasibility study reports are used to provide evidence for a project's effectiveness and to give supportive reasons why this project.
Feasibility Study Template The executive summary provides an overview of the content contained in the feasibility study document.
Many people write this section after the rest of the document is completed. This section is important in that it provides a higher level summary of the detail contained. A feasibility study typically includes six sections or components: a description of your business, a market feasibility study, a technical feasibility study, a financial feasibility study, an organizational feasibility study, and your conclusions.
Feasibility Report is a detailed study that examines the profitability, feasibility and effectiveness of a proposed investment opportunity.
The report, no matter how elaborate, should be prepared before one undertakes any business or expands the existing one.Download