Component of the feasibility study
1. EXECUTIVE SUMMARY
The executive summary provides an overview of the content contained in the feasibility study document.
2. DESCRIPTION OF PRODUCTS AND SERVICES
This section provides a high level description of the products and/or services which are being considered as part of the feasibility study. In this case we will focus on solar panels in Jenin city.
3. TECHNOLOGY CONSIDERATIONS
This section should explain any considerations the organization must make with regards to technology. Many new initiatives rely on technology to manage or monitor various business functions. New technology may be developed internally or contracted through a service provider and always result in costs which must be weighed in determining the path forward.
4. PRODUCT/SERVICE MARKETPLACE
It may describe who the target market consists of for these products or services, who the competitors are, how products will be distributed, and why customers might choose to buy our products/services. (Palestinian society)
5. MARKETING STRATEGY
How does an organization differentiate itself from its competitors; types of marketing the organization will utilize; and who the organization will target. Marketing efforts must be focused on the right target groups in order to yield the greatest return on investment.
6. FINANCIAL PROJECTIONS
Capital requirements
- How much funding will the project need and when
- When will the investor begin to see a return (ROI)
7. Statement of Viability
In this final section, you need to clearly state if the project is viable, under what circumstances and with what caveats, which is the ultimate objective of the Feasibility Study.
Outcomes of a Feasibility Study
• Project Problems – Does the study include risk or problematic areas that need to be addressed and are they clearly identified?
• The Outcome – Ever study should identify the process, product, client request, and goal and how they will affect the outcome; positively or negatively. Will outcomes be beneficial or deterrent?
• Alternatives – Are possible alternatives available or suggested and researched?
• Assessment – The assessment part of your feasibility study should include risk management and controls, solutions, if the project is feasible, and how the project should be implemented.
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