In such situations feasibility, sources, soundness, and applications of these project funds may be a hindrance. Additional investors and other sources of funds are considered by the project proponents for their projects in many cases. The ability of the project management to raise sufficient funds required to implement the proposed project is included in the financial feasibility. Economic feasibility is critical even when the project is non-profit in nature.įinancial feasibility must be differentiated from economic feasibility. In order to facilitate the consistent basis for the evaluation, the tangible and intangible facets of a project must be translated into economic terms. Furthermore, the economic feasibility of a project can also be evaluated by breakeven analysis. The managerial and organizational structure of the project is addressed by this feasibility which ensures that the proponent’s structure mentioned in the submittal is feasible to the kind of operation undertaken.Įconomic feasibility refers to the feasibility of the considered project to produce economic benefits. Managerial feasibility is ascertained by certain key elements like employee involvement, demonstrated management availability & capability, and commitment. By doing so productivity gain (or loss) and other implications are understood due to the differences in fuel availability, geography, topography, infrastructure support, and other problems. In certain examples especially when projects are in third world countries, technology transfer between cultures and geographical areas should be analyzed.

The technical capability of the projected technologies and the capabilities of the personnel to be employed in the project are considered. Certain important engineering aspects are covered which are necessary for the designing of the project like civil, structural, and other relevant aspects. The engineering feasibility of the project is viewed in the technical feasibility. There are certain important types of feasibility study which are as follow 10 – Different Types of Feasibility Study Also, a feasibility study allows the project manager to determine all the positive and negative points of the project.

Types of studies