2. What is a “Feasibility Study”
“A feasibility study is an analysis of how successfully a project can be
completed, accounting for factors that affect it such as economic,
technological, legal and scheduling factors”.
Project managers use feasibility studies to determine potential positive
and negative outcomes of a project before investing a considerable amount
of time and money into it.
Feasibility study is the result of feasibility analysis
3. What is a “Feasibility Study”
Feasibility study as project plan - assumes the project concept is
feasible and maps out the course for project implementation.
It examines in detail the five frames of analysis of a given project. It also
takes into consideration its four Ps, its risks, and its constraints
(calendar, costs, and norms of quality).
4. Five frames of
The frame of definition
frame of contextual risks
the frame of potentiality
the parametric frame
the frame of dominant and
Feasibility studies allow companies to determine and organize all of the
necessary details to make a business work.
A feasibility study helps identify logistical problems, and nearly all
business-related problems, along with the solutions to alleviate them.
Feasibility studies can also lead to the development of marketing
strategies that convince investors or a bank that investing in the
business is a wise choice.
6. Reasons to do Feasibility Report
Gives focus to the project.
Narrows the business alternatives.
Identifies new opportunities.
Provides valuable information for “go/no go” decision.
Increases probability of business success by identifying weaknesses early.
Helps receive funding from lenders, grant providers, etc.
7. Five Areas of Project Feasibility
Lays out details on how a good or service will be delivered, which includes
transportation, business location, technology needed, materials and labor.
This assessment typically involves a cost/ benefits analysis of the project,
helping organizations determine the viability, cost, and benefits associated with a
project before financial resources are allocated.
This assessment investigates whether any aspect of the proposed project
conflicts with legal requirements like zoning laws, data protection acts, or social
media. The proposed venture is acceptable in accordance to the laws of the
8. Five Areas of Project Feasibility
Operational feasibility studies analyze how a project plan satisfies the
requirements identified in the requirements analysis phase of system
This assessment is the most important for project success; after all, a project
will fail if not completed on time. In scheduling feasibility, an organization estimates
how much time the project will take to complete.
10. Overview of FS Contents and Outline
Executive Summary (PSD)
II. Project Strategic Context
III. Technical Analysis
IV. Institutional Assessment
V. Environmental Assessment
VII. Financial and Socio-Economic
VI. Stakeholder Analysis
IX. Project Implementation Plan
11. Steps To Writing A FSR
How to write a feasibility study report? Regardless of project size, scope and
type, there are several key steps to writing such an important document.
Write Project Description
At this step, you need to collect background information on your project to
write the description. For example, your company needs to increase online sales
and promote your products/services on the Web. Then in the first part of your
report you could write the next description:
Describe Possible Solutions
In order to take this step to write a feasibility study report template, you’ll
need to perform an alternatives analysis and make a description of possible
solutions for your project. For example, in your FSR template your e-
commence project might have the following solutions description:
12. Steps To Writing A FSR
List Evaluation Criteria
Now it’s time to set and define evaluation criteria for possible solutions. This
step of feasibility study report writing requires you to investigate the solutions
and put them against a set of evaluation criteria. For example, you could add the
following criteria to your report:
Propose the Most Feasible Solution
Once the criteria are used to evaluate the solutions, your next step for
writing a feasibility study report is to determine the most economically
reasonable and technically feasible solution which lets the company 1) keep to
optimal use of project resources and 2) gain the best possible benefit. For
example, your report might include:
13. Steps To Writing A FSR
The final step of the feasibility study reporting process requires you to make
a conclusion by summarizing the project’s aim and stating the most feasible
solution. For example, the conclusion of your FSR might be:
14. Elements of a Good Feasibility Report
A good feasibility report must have these six essential elements:
The Project Scope:
Description or the definition of the business problems and opportunities.
The Current Analysis:
The implementation plan and the methods of a new product or how the
service is being provided.
The requirements need depending on the objective of the project.
15. Elements of a Good Feasibility Report
Action plan and effective solutions to meet the desired requirements.
The evaluation and assessment of the cost-effectiveness of the chosen
This will verify the accuracy of the feasibility report and make better
The feasibility analysis is an internationally accepted process used to
evaluate various project dimensions important for achieving the desired
An effective tool for appraising the project from standpoints of all project
It is not a waste of time. It significantly reduces the risks in project
17. Challenges & Innovations
Building a skyscraper poses challenges that test the mind of any engineer.
Burj Khalifa stands a whopping 2,723 feet in the air making it the tallest
building in the world. However, this was not accomplished without
overcoming several major engineering design obstacles. In order to design
such a complex and outstanding structure, many records in physical
accomplishments and innovations had to be shattered. The sheer height of
the structure posed many challenges for engineers constructing the Burj
Khalifa. These challenges caused engineers to think with great creativity and
ingenuity to accomplish a truly remarkable feet. Here are some of the
challenges and innovations that the designers of Burj Khalifa overcame and
As with any tall building, wind plays a major factor in the construction and design
process. In order to begin building, the design team of Burj Khalifa conducted over
40 wind tunnel tests. These tests were intended to determine the behavior of the
wind in Dubai itself and the amount of stress that the wind would place on the
building. Structural analysis models were built in the computer to determine the
pressure of the wind placed on the building and the reaction that the building
would have to the specific climate of Dubai. These tests also included determining
the challenges the wind would pose on the construction process itself. In order to
build the Burj Khalifa, tower cranes were placed very high in the air, which
obviously can be extremely dangerous. The wind tunnel tests ran before the
construction helped to determine how to implement these cranes into the
Wind force on the tower was one of the critical stressors considered in the design
and features implemented into the tower’s structure. The overall shape of the
tower if looking from above resembles the letter “Y”; this three-legged structure
was engineer’s solution for the intense wind conditions the tower would face. The
center of the tower is a stiff hexagonal-shaped core. Each of the three wings of
the structure is buttressed by the others through this central core. Engineers spent
months in wind tunnels with scale models perfecting this “Y” shaped design. Wind
could strike the tower from any one direction and the opposing leg of the “Y”
would remain unstressed.
20. THE STACK EFFECT
The stack effect is a common problem in most high rise buildings and is also
The stack effect is the movement of air into and out of buildings.
Commonly, the warmer air is lighter and less dense than cold air. Therefore the
warm air will rise to the top of the building while the cold air will try to fill the
cracks in the bottom of the building.
This is very pronounced in the winter. The problem this causes is that the pressure
in the bottom can build up and can cause more cracking. Cracks in the foundation
could cause complete structural failure. This could be disastrous to a building as
tall as Burj Khalifa.
To mitigate this effect, the designers of the building used several air duct systems
to move the warm air out of the building. The stack effect cannot be completely
eliminated however it can be mitigated and used as a ventilation system for the
upper part of the building.
Common construction principles, such as laying concrete, applying façades, installing
windows, etc. soon became feats of engineering themselves. Not only was the record of
world’s tallest building shattered, but many more construction-related records followed in
similar fate. The task of laying concrete from ground level to heights soaring above 1600 feet
had simply never been done before. To do this, engineers simulated the effects of pumping
concrete to grand heights by testing concrete through horizontal pipes on the construction
site. The effects of friction and volume flow were studied so researchers could estimate the
pressure needed to pump concrete upwards of 1600 feet. Setting a world record in the
process, engineers successfully used 80 MPa of pressure to pump concrete to a height of 1972
feet. This shattered the previous record of pumping to a height of 1542 feet at the Taipei
tower in China.
Other records shattered include the installation of the tower’s aluminum and glass façade.
This had never been done at the heights of the Burj Khalifa and was a feat in itself. The
combined weight of all the aluminum used on the tower surpasses that of five A380 aircraft.
The panels were lifted using a series of cranes and installed by crews of hundreds of
specialists. The glass used on the tower was often time handcrafted and installed one-by-one
by a crew of skill workers. This had to be done because of the complex and variable design on
the tower’s upward progression.Although not new to skyscrapers, the use of data recording
sensors on the tower is enormous. The scale of the network of sensors innovates how
engineers understand the complexity behind the design and concrete structure. Starting from
the foundation, these sensors were originally installed to monitor the weight of the building
and its effect on the concrete as the structure grew taller. As construction progressed, these
sensors became numerous and now give engineers the ability to scope how structures behave
under immense pressures. This innovation allows engineers and analysts to turn this data into
results that are able to be applied to structures of the future.
22. SAFETY DURING DISASTER
With a building of sheer proportion such as the Burj Khalifa which can
facilitate up to 12,000 people at once, safety became a priority. One major
problem prevalent in the Burj Khalifa is the ability to get to a place of safety
during a fire or other disaster. It is completely unreasonable for a person to
have to walk down 160 floors if there is a fire; therefore, the designers of
Burj Khalifa implemented pressurized, air-conditioned refugee areas every 25
floors. An example of the Fire & Life Safety Plan for Level 42 of the tower
can be seen below. The building also possesses a service elevator that can
hold 5,500 kg and is the tallest in the world.
23. Are you thinking about starting a business ?
How long have you been dreaming about starting your own
What steps have you taken toward making your dream come true?
Do you have family support to start your own business?
How much money do you need to make?
What kind of experience do you have in this industry?
Will this business help you realize your personal life goals?