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Feasibility analysis template

Feasibility analysis template

This template gives you an organized framework for evaluating whether a project, investment, or business idea is worth pursuing.

Use this template with Lumiform

The Lumiform application helps frontline teams uphold internal standards effortlessly.
  • Customize this template or build your own
  • Fill out templates via mobile app
  • Assign and track corrective actions
  • Get reports and analyse your data
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Feasibility analysis template

This template gives you an organized framework for evaluating whether a project, investment, or business idea is worth pursuing.

Use this template with Lumiform

The Lumiform application helps frontline teams uphold internal standards effortlessly.
  • Customize this template or build your own
  • Fill out templates via mobile app
  • Assign and track corrective actions
  • Get reports and analyse your data
Prices start from ░░░ per month
Book a demo
Learn more
or Download template as PDF

This feasibility analysis template helps you avoid costly project failures by thoroughly assessing viability before implementation. You’ll evaluate market conditions, technical requirements, operational considerations, and financial projections to make stronger decisions. For example, when considering an expansion, this template helps you analyze if market demand justifies the investment and if your technical capabilities can support it.

According to the Project Management Institute, organizations using proven project management practices waste 28 times less money. This template transforms uncertain possibilities into clear, actionable insights for confident decision-making.

Related categories

Preview of the template
Page 1
Executive Summary
Overview of the proposed project or initiative
Key objectives and expected outcomes
High-level assessment of feasibility
Market Analysis
Target market size and growth potential
Competitive landscape and positioning
Customer needs and preferences
Regulatory and legal considerations
Technical Feasibility
Technical requirements and specifications
Availability of necessary technology and resources
Potential technical risks and mitigation strategies
Operational Feasibility
Operational requirements and processes
Availability of necessary infrastructure and resources
Potential operational risks and mitigation strategies
Financial Feasibility
Estimated initial investment and ongoing costs
Projected revenue and profit potential
Potential funding sources and financing options
Financial risks and mitigation strategies
Implementation Plan
Key milestones and timelines
Resource requirements and allocation
Potential implementation challenges and risks
Monitoring and evaluation plan
Recommendation and Conclusion
Overall assessment of feasibility
Key factors supporting the recommendation
Proposed next steps

Frequently asked questions

Which projects need a feasibility analysis?

If your project requires significant resources, impacts multiple departments, has technical complexity, or represents a new direction for your organization, conduct a feasibility analysis. This structured evaluation helps you identify potential issues before investing substantial time and money, reducing the risk of project failure and resource waste.

How can I accurately assess the financial feasibility of my project?

Start with comprehensive cost estimates including initial investments and ongoing operational expenses. Project revenue based on realistic market analysis and pricing strategies. Calculate key financial metrics like ROI, payback period, and NPV. Consider multiple scenarios (best-case, likely, worst-case) to understand potential financial outcomes and identify break-even points.

When should I conclude a project is not feasible?

Consider a project unfeasible when the analysis reveals significant barriers that cannot be reasonably overcome. This includes insufficient market demand, prohibitive costs relative to potential returns, insurmountable technical challenges, or operational requirements beyond your organization’s capabilities. Document these findings thoroughly to justify the decision to stakeholders.

This template, developed by Lumiform employees, serves as a starting point for businesses using the Lumiform platform and is intended as a hypothetical example only. It does not replace professional advice. Companies should consult qualified professionals to assess the suitability and legality of using this template in their specific workplace or jurisdiction. Lumiform is not liable for any errors or omissions in this template or for any actions taken based on its content.