Who Conducts Feasibility

Who Conducts the Feasibility Study?
A company’s management or directors may conduct a feasibility study, or they may delegate this whole process to senior managers if they don’t have the in-depth knowledge or the time to complete the study themselves. Management may lack the expertise necessary to do the study well, and if this is the case an outside consultant or other professionals can be hired to take control of the feasibility study.

If an outside consultant is brought in, he/she needs to have the following characteristics:

  • Must be experienced in conducting feasibility studies.
  • Must have experience in the type of study being undertaken or in that industry.
  • Must act independently so that a fair and correct opinion is arrived at on which decisions will be based.

Feasibility for your Business Ideas
Often you will find that you come across this great new business idea. You start talking about it to your friends and family and listen to their feedback. You ask your existing customers, as...

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