[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-242685-105":3,"detail-sidebar-cat-1-en-105":81,"doc-detail-242685-en":127},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","feasibility-analysis-step-by-step","Analyse feasibility - Step by Step","","Feasibility analysis evaluates whether an innovation project is feasible and worth pursuing by objectively examining strengths, weaknesses, opportunities, and threats. It supports informed decision-making before committing resources by assessing technical, economic and financial, market, legal, and operational and organizational factors. The study clarifies viability, cost and (health) benefits, identifies risks and threats early, and can reveal new ideas that reshape project scope. It also guides teams’ focus and enables a structured go/no-go decision.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/forms/","Forms",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/feasibility-analysis-step-by-step/242685/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/feasibility-analysis-step-by-step/242685.png","ImageObject",442,249,{"name":42,"@type":43},"Patrick","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-18","2026-09-12",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",10,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What is the purpose of a feasibility analysis?","Question",{"text":63,"@type":64},"A feasibility analysis assesses whether a project is feasible or possible by identifying strengths, weaknesses, opportunities, threats, required resources, and prospects for success.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"Why do feasibility studies typically happen before implementation?",{"text":68,"@type":64},"They precede technical development and project execution so teams can decide early whether the project is worth pursuing and avoid locking in resources, time, and budget unnecessarily.",{"name":70,"@type":61,"acceptedAnswer":71},"How does the document recommend structuring a feasibility study?",{"text":72,"@type":64},"It recommends mapping Strengths and Opportunities (internal factors) and Weaknesses and Threats (external factors) using a SWOT-template, then covering key feasibility areas step by step.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},242685,1790847402,{"code":4,"msg":82,"data":83},"success",[84,89,94,99,104,109,113,118,123],{"id":85,"doc_module":22,"doc_module_name":25,"category_name":86,"show_sort_weight":87,"slug":88},11,"Presentations",90,"presentations",{"id":90,"doc_module":22,"doc_module_name":25,"category_name":91,"show_sort_weight":92,"slug":93},12,"Resumes",80,"resumes",{"id":95,"doc_module":22,"doc_module_name":25,"category_name":96,"show_sort_weight":97,"slug":98},14,"Invoices",70,"invoices",{"id":100,"doc_module":22,"doc_module_name":25,"category_name":101,"show_sort_weight":102,"slug":103},15,"Posters",60,"posters",{"id":105,"doc_module":22,"doc_module_name":25,"category_name":106,"show_sort_weight":107,"slug":108},16,"Social Media",50,"social-media",{"id":110,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":111,"slug":112},17,40,"forms",{"id":114,"doc_module":22,"doc_module_name":25,"category_name":115,"show_sort_weight":116,"slug":117},18,"Letters",30,"letters",{"id":119,"doc_module":22,"doc_module_name":25,"category_name":120,"show_sort_weight":121,"slug":122},21,"Paper Templates",5,"papers-templates",{"id":124,"doc_module":22,"doc_module_name":25,"category_name":125,"show_sort_weight":4,"slug":126},158,"General","general-158",{"code":4,"msg":82,"data":128},{"doc_id":79,"user_id":129,"nickname":42,"user_avatar":130,"doc_module":22,"category_id":110,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":33,"language":136,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":12,"update_tm":140,"read_time":26},549758146520,"https://ap-avatar.wpscdn.com/avatar/80002397d8c0411e94?_k=1775819394049821470","2.1 Develop the concept  \n2.2 Analyse feasibility  \n 2.3 Plan for impact management  \n 2.4 Investigate business and organisational model  \n 2.5 Pitch the concept  \nWhat?  \nInnovation always comes with a certain amount of uncertainty, and risk-taking. As the name suggests, a feasibility analysis is designed to assess whether your project is, in fact, feasible or possible. The analysis is an evaluation and assessment of a project, which aims at supporting the process of informed decision-making by objectively and rationally uncovering its strengths and weaknesses, opportunities, and threats, as well as identifying the resources required to carry it through and ultimately its prospects for success. The analysis examines all aspects of a proposed project, such as technical, legal, financial, social, and environmental.  \nWhy?  \nGenerally, feasibility studies precede technical development and project implementation. By looking at your project from different perspectives at an early stage of the innovation process, you will be able to decide whether the proposed project is worth pursuing, before committing resources, time, and budget. You also have the possibility to identify and handle possible risks and threats that can occur on the journey towards implementation.  \nAlso, a feasibility study might uncover new ideas that could completely change a project’s scope. Conducting a feasibility study is always beneficial to the project as it gives you and other stakeholders a clear picture of the proposed project.  \nBelow are some key benefits of conducting a feasibility analysis:  \n• Aids decision-making on the project  \n• Provides valuable information for a “go/no-go” decision  \n• Narrows the business alternatives  \n• Increases the chances of succeeding by evaluating multiple parameters  \n• Improves project teams’ focus  \n• Identifies new opportunities  \nHow?  \nIn this tool we suggest mapping out your innovation project’s Strengths and Opportunities (internal factors), Weaknesses and Threats (external factors) by using a SWOT-template.  \nSWOT matrix template  \nStep by Step!  \nBelow we present some important aspects to consider when carrying out your analysis.  \n1. Technical Feasibility  \nThis assessment focuses on the technical resources available to the organization. It helps organizations determine whether the technical resources meet capacity and whether the technical team is capable of converting the ideas into working systems. Technical feasibility also involves the evaluation of the hardware, software, and other technical requirements of the proposed system which is strongly tied to the following paragraphs.  \n2. Economic and Financial Feasibility  \nThis assessment typically involves a cost/ benefits analysis of the innovation (see more details on Health Economics in 2.3), helping organizations determine the viability, cost, and (health) benefits associated with a project before financial resources are allocated. It also serves as an independent project assessment and enhances project credibility—helping decision-makers determine the positive benefits to the organisation that the proposed innovation will provide.  \nEven though profits might not be your primary driving force, you also need a sustainable business model. How feasible is it that incomes will cover costs long term, so that you are able to scale, handle long term operations, continuous updates, improvements etc.?(read more about choosing the right business model in 2 .4)  \n3. Market Feasibility  \nHow do users and stakeholders respond to the challenge today (use your insights from 1.2 Validate needs and 1.4 Analyse the context)? How big is the problem that you are addressing and how large is the potential market? What competing solutions are out there (sometimes status quo  \ncould be your toughest competitor)? How is your solution unique? What are the trends – will there be an increased or decreased demand for your kind of solution?  \nTry to be your own devil’s advocate a","cbCaicEBluaqZWtj","https://ap.wps.com/l/cbCaicEBluaqZWtj","pdf",512582,"English","# Why\n# How\n## SWOT template\n## Technical Feasibility\n## Economic and Financial Feasibility\n## Market Feasibility\n## Legal Feasibility\n## Operational and Organisational Feasibility\n## Social and Cultural Feasibility","[{\"question\":\"What is the purpose of a feasibility analysis?\",\"answer\":\"A feasibility analysis assesses whether a project is feasible or possible by identifying strengths, weaknesses, opportunities, threats, required resources, and prospects for success.\"},{\"question\":\"Why do feasibility studies typically happen before implementation?\",\"answer\":\"They precede technical development and project execution so teams can decide early whether the project is worth pursuing and avoid locking in resources, time, and budget unnecessarily.\"},{\"question\":\"How does the document recommend structuring a feasibility study?\",\"answer\":\"It recommends mapping Strengths and Opportunities (internal factors) and Weaknesses and Threats (external factors) using a SWOT-template, then covering key feasibility areas step by step.\"}]","Analyse feasibility - Step by Step | PDF",1789193233]