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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
or download pdf
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
or download pdf

About the Feasibility analysis template

Launching a new project, product, or initiative comes with big questions: Will it work? Is it worth the investment? What risks are involved? This feasibility analysis template helps you answer these questions by providing a structured way to assess viability across market, technical, operational, and financial factors. You’ll be able to standardize your evaluation process too, leading to consistency in your assessments.

A step-by-step guide to using the feasibility analysis template

Here’s how to use the template effectively to make informed decisions:

  1. Customize the template to fit your project. Every project is different, so start by tailoring the template to your specific needs. Adjust sections, add relevant criteria, and ensure it covers all key areas—market, technical, operational, and financial feasibility.
  2. Gather accurate and relevant data. A strong feasibility analysis is based on solid information. Research your target market, competitive landscape, regulatory requirements, and potential costs. The more precise your data, the more reliable your conclusions will be.
  3. Conduct a section-by-section evaluation. Work through each part of the template systematically. Outline technical requirements, assess operational feasibility, estimate costs, and project potential revenue. Highlight potential risks and note any mitigation strategies.
  4. Analyze and interpret the results. Once all sections are complete, review your findings to determine if the project is viable. Compare costs against expected returns and identify any deal-breaking challenges. If needed, refine your approach or seek expert input.
  5. Share insights and plan next steps. Use the completed feasibility analysis to present your findings to stakeholders. Whether it’s securing funding, gaining leadership approval, or refining the project plan, your structured report ensures clear communication and informed decision-making.

Customizing the feasibility analysis template

Different industries, projects, and teams have unique factors to consider, and your template should reflect that.

First, edit the evaluation criteria to reflect the risks and challenges unique to your field. For example, if you’re in construction, you might assess soil stability or waste management plans. By aligning your criteria with industry-specific concerns, you ensure a more accurate risk assessment.

Next, add sections based on regulatory requirements if your industry has strict compliance standards. Environmental impact assessments are often a legal requirement in sectors like energy, agriculture, and industrial production. Your template can include fields for tracking permits and certifications, ensuring you consider all necessary compliance steps before a project moves forward.

Feel free to use diverse input types to improve data collection and analysis. With Lumiform’s digital form builder, you can incorporate response types like multiple-choice questions, number fields levels, and photo uploads.

Get started with Lumiform’s feasibility analysis template today

With this professional template, you can break down market potential, financial projections, technical requirements, and operational risks—all in one place. Simplify complex evaluations and make data-backed decisions without second-guessing. Use it to standardize assessments across teams, spot potential roadblocks early, and fine-tune your strategy.

Related categories

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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

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Frequently asked questions

How detailed should a financial feasibility assessment be?

A financial feasibility assessment should be as detailed as necessary to make an informed decision. It should include startup costs, operational expenses, revenue projections, and break-even analysis. For larger projects, consider factors like cash flow forecasting, funding sources, and long-term financial sustainability.

When should I conduct a feasibility analysis in a project’s timeline?

Conduct a feasibility analysis before making any major financial or resource commitments. It’s typically one of the first steps in project planning, right after an initial idea is formed but before detailed development begins. However, feasibility isn’t a one-time process—revisit it if market conditions, costs, or project scope change significantly.

How do you identify potential risks in a feasibility study?

Break risks into categories first—market, financial, operational, technical, and regulatory. Look at case studies from similar projects to spot common pitfalls. Conducting scenario analysis—where you test different “what-if” situations—can also point out weaknesses before they become costly problems.


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.
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