TEL:86-755-82143422

Home >  Information Trading > Feasibility Study Research

Feasibility Study Research

Updated:2017-8-1 18:06:17    Source:www.tannet-group.comViews:265

Feasibility study research aims to analyze and justify the project in terms of technical feasibility, business viability and cost-effectiveness. Conducting a feasibility study(FSR) is one of the key activities within the project initiation phase.  Tannet can provide the service of assistance with writing feasibility study.

FSR Definition
What is a feasibility study report (FSR)? In simple terms, it’s just a document that aims to identify, explore, and evaluate a project’s solutions to save time and money. The following definition gives a broader understanding of the document:

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. It describes and supports the most feasible solution applicable to the project.

The report gives a brief description of the project and some background information. Formally this document is the starting point for running the Pre-Charter Sub-Phase. In practice, it signifies that the sponsor can proceed with deciding on project investment and make necessary assignments to the project manager.

FSR Importance
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. The reporting process allows the senior management to get the necessary information required for making key decisions on budgeting and investment planning. A well-written feasibility study report template lets develop solutions for:

Project Analysis because an example of FSR helps link project efficiency to budgeted costs.

Risk Mitigation because it helps with contingency planning and risk treatment strategy development.

Staff Training because the report can be used by senior management to identify staffing needs as well as acquire and train necessary specialists.

The process of reporting is the trigger to run the project investing process through underpinning the business case document, stating the reasons for undertaking the project, and analyzing project costs and benefits.

Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website www.tannet-group.net, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.

Previous:Internet Service     Next:Market Entry Research