TSFA feasibility study report is a formal document that helps us to identify and explore the proposed project. With the help of a feasibility study report, we can identify the weakness and strengths of the project helping us save our time and energy. We can evaluate if the proposed project will be profitable and feasible to us in future or not.
Before investing in a project, it is very important to analyse that the project will be fruitful or not in the coming future, the company also wants to know about the costs to be involved in the project.
Overall, a feasibility report tells that the company should invest or should continue further with the project or not.
Feasibility report writing is the process of writing a report. It is the responsibility of the project leader to evaluate the report at every stage. So we learn how to write feasibility study report.
Importance of Feasibility Report
- Helps in evaluating the reliability of the project
- Helps in project evaluation
- Helps in risk mitigation
- Helps in training staff as the information in the report can be utilized by senior administration to recognize staffing needs and train them accordingly
Like to know more about What is a feasibility study?
Key Components Of A Feasibility Study
- Title page
- Table of contents
- Executive summary
- Market feasibility
- Technical feasibility
- Financial feasibility
- Organizational feasibility
- Appendix and reference pages
The Title page is the first segment of the report that your reader sees. The project leader should use a title that gives a summary of the report.
For example: "A Feasibility study report on website development to promote products and services."
Your Title page should include the names of the manager/leaders and members of the project alongside their work titles. You should also include the beginning and end date of the project on your title page.
Table of contents
The Table of contents helps to give the reader the pathway to any segment of the report. Complete your Table of contents after you finish the report to ensure the page numbers are aligned with the titles so that there are no mistakes and confusion.
The Executive summary is the first main part of your feasibility study report. In this part, you should give a short introduction about the project, its objective, limitations, and an outline of the sources that helped you for the authenticity in the report. You can write your executive summary of around 2-3 pages long.
The market feasibility is the piece of your report that gives reader, the information about the organization, its vision and mission, measurements, statistical data, and the future viewpoint of the organization. You can start by summing up your organization's industry. Examine its set of experiences, current practices, and patterns alongside future projections for the business in general.
Then, at that point, you can begin narrowing how your organization fits inside this industry. List down your top rivals, your sources of income, sales, and potential areas where you could seek to grow your client base.
The market feasibility segment also helps the reader to acquire a complete understanding of the organization and how the feasibility project would help in the growth of company.
The Technical feasibility segment highlights the operational factors that impact the accomplishment of your business. In this segment talk about your organization's area, materials required to make products, the assembling system, quality of material, and transportation used to dispatch the items to retail stores.
The technical feasibility segment gives your reader a point-by-point explanation of which factors are more beneficial to the business or have the potential to help organization grow in future. Also, this part helps support the validity of your technical feasibility segment.
The Financial feasibility area shows all parts of your organization's finances to the reader. In this segment, you should include information about your investors, current income, assets and liabilities, and also the total revenue for the previous year. You can also give a few cost-effective methods .
The Financial feasibility segment plans to persuade the reader to either support, do the funding, or both into the proposed project by showing them the expenses expected to keep up with business activities.
The organizational feasibility segment shows your organization's legitimate and moral practices to the reader. This part must include a layout of the overall structure of your organization.
For example- branch areas or offices.
You should give a small bio or introduction of all your core team members and founders. You can also profit from featuring the HR systems that your organization uses to keep up with ethical responsibilities toward its employees, and the motivational practices used by the organization to motivate its employees.
The conclusion is the last composed segment of your report before your appendix and reference pages. This segment sums up everything from the past segments. You should end the report by showcasing at least one recommendation to rouse further activity on the project
You can also make a separate section for recommendations you want to give on the project.
Appendix and reference pages
An appendix is an optional segment, however, it's typically gainful for the reader of the report. This part includes any data that the reader may discover valuable. Whether or not or not you decide to add the appendix segment, you must include the references used for the making of the project.
A reference area can have at least one page showing the number of sources you used to make your report. You can utilize organization archives, insightful articles identified with your industry, or any extra records you made during the project.
Wondering What is a real estate feasibility study?
How To Write Feasibility Study Report?
Before writing a feasibility study report understand the topic thoroughly. Do not jump to conclusions beforehand. Before writing, do a full fledge research on the topic and then start.
In this part, you need to write the introduction to the company. You must do an alternative analysis, you not only have to describe the problem but also give desired solutions to the problem, and the methods used for the project evaluation. Sometimes the introduction part also includes some part from the conclusion of the report.
In the description part of your feasibility study report go through the background of your organization. Find out if your organization needs promotion or needs to increase sales.
In this step of feasibility study report, you need to write down and evaluate the findings and conclusion of the report. Support your findings with suitable and appropriate examples. Every feasibility report is different, demanding different needs and requirements.
Purpose of report
In case you are giving potential and suitable solution for a given issue or question, you need to add it. Before moving further in the report, first, solve the existing problem and then move to the next part of the feasibility study report. To solve a problem, you must understand the needs of the customer. You need to find a way through which your project is cost-effective, and efficiency is maintained throughout.
You should go through your feasibility study report before submitting it to avoid any significant errors. Go thoroughly through your report and check out if there are any grammatical mistakes, spellings. This will make your report easy to read and understand.
You might also like to read What is a property feasibility study?
Tips to How to do a feasibility study report
- Make sure you use a single font in the whole report
- The size of your font should be preferably between size 12 to size 14
- Make sure you don't make any grammatical mistakes
- There should be a proper structure of the report such as using headings and sub-headings
- Do not forget to mention the author's name
- Add the beginning and end date of the project and page numbers in the project
- Go for a piece of professional advice if you have an issue in understanding the project
Readers, now you are ready to fly with your feasibility study report. Now you have everything you need to make a feasibility study report, don’t wait anymore, and start your work now.
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Thank you , very helpful and easily understandable.