Templates
Feasibility assessment and analysis template

Feasibility assessment and analysis template

A feasibility assessment is a key part of making informed project decisions. This template guides you through market analysis, financial viability, risk assessment, and more.

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Feasibility assessment and analysis template

A feasibility assessment is a key part of making informed project decisions. This template guides you through market analysis, financial viability, risk assessment, and more.

Use this template with Lumiform

  • Customize this template or build your own
  • Fill out templates via mobile app
  • Get reports and analyse your data
Prices start from ░░░ per month
Book a demo
Learn more
or Download template as PDF

Make data-driven decisions about your next business initiative with this feasibility assessment and analysis template. Created for project managers and business analysts, this template aids you in evaluating whether your proposed project is worth pursuing. You’ll systematically analyze market opportunities, technical requirements, financial projections, and more, which gives stakeholders the complete picture they need for informed decision-making.

According to Asana’s research, unrealistic expectations are the most common cause of missed deadlines. By thoroughly assessing project feasibility upfront, you can set achievable objectives and identify potential roadblocks before they derail your timeline.

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
Recommended next steps
Market Analysis
Target market overview
Market size and growth potential
Key competitors and their offerings
Competitive advantages of the proposed project
Potential risks and challenges
Technical Feasibility
Technical requirements and specifications
Availability of necessary resources and capabilities
Potential technical risks and mitigation strategies
(in months)
Financial Feasibility
Estimated capital investment required
Projected revenue and cost estimates
Projected profitability and return on investment
Funding sources and financing options
Sensitivity analysis and scenario planning
Operational Feasibility
Organizational readiness and capabilities
Operational requirements and processes
Potential operational risks and mitigation strategies
Projected staffing and resource needs
Legal and Regulatory Feasibility
Applicable laws, regulations, and compliance requirements
Intellectual property considerations
Potential legal risks and mitigation strategies
Recommendation and Conclusion
Overall feasibility assessment
Recommended course of action
Key milestones and success factors

Frequently asked questions

How do I know if my project needs a feasibility assessment?

If your project requires significant investment, involves new technology, targets new markets, or would create major operational changes, you need a feasibility assessment. This template helps you evaluate risks and potential returns before committing resources, saving you from costly mistakes and increasing your chances of successful implementation.

How can I ensure my financial projections in the feasibility study are realistic?

Use historical data from similar projects as benchmarks, consult with financial experts, and employ sensitivity analysis to test different scenarios. Be conservative in revenue estimates and generous with cost projections. Include contingency funds for unexpected expenses. Realistic financial projections are crucial for making sound go/no-go decisions.

What are the most common pitfalls when conducting a feasibility assessment?

Common mistakes include confirmation bias (seeking only information that supports your desired outcome), underestimating costs, overestimating market demand, neglecting regulatory requirements, and failing to consider operational impacts. This template helps you avoid these pitfalls by providing a structured approach to comprehensive analysis.

How can I use this template for a small project with limited resources?

For smaller projects, focus on the most relevant sections while maintaining the structured approach. You might simplify the market analysis or technical evaluation while still conducting thorough financial and operational assessments. Even with limited resources, don’t skip the risk assessment—identify potential obstacles and develop mitigation strategies.

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.