A feasibility study is just what it sounds like: a systematic study to understand whether or not a specific project, venture, or approach is feasible. The ultimate outcome of any feasibility report is a GO or NO GO decision. You either move forward or you don’t.
At ALPI Associates we believe Feasibility Studies is Keys to Success
The study must be based on authenticity — not pure speculation or abstract principle. This usually requires primary and secondary market research to understand whether or not customers will buy, or if investors will invest.
The project, venture, or approach must be sufficiently well defined that specific hypotheses can be tested. Without detailed product or service characteristics, nothing can really be determined to any degree of confidence.
Different feasibility study companies have different strengths. At ALPI Associates our expertise is market feasibility, not engineering feasibility. We research and analyze market factors such as demographics, demand, market capacity, competition, regulation, cultural issues, etc.