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Pre-feasibility assessment checklist

Pre-feasibility assessment checklist

This template helps you assess whether a project is worth pursuing, compare alternatives, and conduct a thorough early-stage evaluation.

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Pre-feasibility assessment checklist

This template helps you assess whether a project is worth pursuing, compare alternatives, and conduct a thorough early-stage evaluation.

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

Before committing resources to a new project, you need a clear picture of its viability. This pre-feasibility assessment checklist helps you assess key factors—market demand, technical feasibility, costs, risks, and potential returns—so you can make informed decisions early on. This approach boosts consistency and promotes thorough analysis across all your reports.

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Created by

Author Name Ima Ocon
Preview of the template
Page 1
Executive Summary
Provide a high-level overview of the proposed project
Summarize the key findings and recommendations
Introduction
Background and context of the proposed project
Objectives of the pre-feasibility study
Scope of work and methodology
Project Description
Describe the proposed project in detail
Key components and features of the project
Project location and site details
Project capacity and production details
Project phasing and implementation plan
Market Assessment
Analyze the target market and demand dynamics
Identify key customers and stakeholders
Assess the competitive landscape and industry trends
Estimate the total addressable market size
Technical Analysis
Evaluate the technical feasibility of the project
Assess the availability and suitability of technology
Identify the key technical risks and mitigation measures
Estimate the project's energy/resource requirements
Financial Analysis
Estimate the project's capital and operating costs
Assess the project's financial viability and profitability
Identify the potential sources of funding and financing
Conduct a sensitivity analysis on key financial variables
Environmental and Social Impact
Assess the environmental impact of the proposed project
Identify the key social and community considerations
Propose mitigation measures and management plans
Regulatory and Legal Assessment
Identify the applicable laws, regulations, and policies
Assess the project's compliance requirements
Highlight any potential legal or regulatory risks
Implementation Plan
Outline the project implementation schedule and milestones
Identify the key resources, roles, and responsibilities
Propose a project management and monitoring framework
Conclusion and Recommendations
Summarize the key findings and conclusions
Provide recommendations on the project's viability and next steps

Frequently asked questions

How detailed should a pre-feasibility assessment checklist be?

A pre-feasibility report should be detailed enough to highlight major risks, costs, and opportunities but not as exhaustive as a full feasibility study. It should include essential components like market analysis, cost estimates, technical feasibility, and potential challenges. The goal is to determine whether a project is worth pursuing further without spending excessive resources.

How do I estimate costs accurately in a pre-feasibility assessment checklist?

Break costs into categories, such as capital expenses (equipment, construction, permits) and operating expenses (labor, materials, utilities). Use industry benchmarks, quotes from suppliers, and historical data from similar projects to refine estimates. Factor in contingencies for unexpected costs, typically around 10-20% of total expenses.

Author
Ima Ocon
Ima is a writer and editor who specializes in technology, with experience crafting content for companies like Canva and FluentU. She's passionate about startups, remote work, and language learning, as well as the applications of AI in marketing. Currently, she is based in Asia, and she previously studied in Taiwan and Singapore.
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.