Feasibility Study Free Document Template
What is the Feasibility Study
According to Wikipedia Feasibility Studies „Aim to objectively and rationally uncover the strengths and weaknesses of the existing business or proposed venture, opportunities and threats as presented by the environment, the resources required to carry through, and ultimately the prospects for success. In its simplest term, the two criteria to judge feasibility are cost required and value to be attained. As such, a well-designed feasibility study should provide a historical background of the business or project, description of the product or service, accounting statements, details of the operations and management, marketing research and policies, financial data, legal requirements and tax obligations. Generally, feasibility studies precede technical development and project implementation.”
What this free document template allows you to?
This Feasibility Study template allows you to identify the study purpose, scope and other high-level points.
The free document template is organized as follows:
- Introduction. This chapter covers the following topics:
- Purpose – Introduce the business or technology issue this study is trying to solve. Define the initiative purpose and anticipated results.
- Audience – The target audience.
- Benefits – Identify the anticipated tangible and intangible benefits of the organization in completing this initiative. Quantitative and qualitative benefits should be included.
- Scope – The scope establishes the boundaries of the study and should describe business requirements.
- System Overview. Give a high-level description of the system architecture and components.
- Requirements Statement. If appropriate, mention what the existing product / system does.
- Requirements supported that will be implemented.
- Negative requirements – requirements supported that will not be implemented.
- Open requirements – requirements that is not decided whether they will be supported or not.
- Application Scenarios. This chapter gives description of each requirement and open requirement.
- Limitations. Provide a list of all product limitations, that is, hardware, software, etc. Also provide performance details, such as speed, messages / second, hardware availability, etc.
- Development Road-map. This chapter presents the implementation stages of the product / system. It should contain description of project phases and the development estimates.
- Risks. This chapter presents all risks related to implementing the functionality previously mentioned.
- Conclusion. State the general conclusions related to the feasibility study.
- Approvals. The list of approvals per requirements.
This chapter lists the functional requirements for product / system.
The requirements are grouped as follows: