We, BDM Consultancy, conduct feasibility study, an evaluation and analysis of the potential of the proposed project based on extensive investigation and research to support the process of decision making.
Feasibility studies aim to objectively and rationally uncover the strengths and weaknesses of an existing business or proposed venture, opportunities and threats present in the environment, the resources required to carry through, and ultimately the prospects for success. In its simplest terms, the two criteria to judge feasibility are cost required and value to be attained.
The purpose of the economic feasibility assessment is to determine the positive economic benefits to the organization that the proposed system will provide. This assessment typically involves a cost/ benefits analysis. Market research and study analysis is one of the most important sections of the feasibility study as it examines the marketability of the products or services.The technical feasibility assessment is focused on gaining an understanding of the present technical resources of the organization and their applicability to the expected needs of the proposed system. It is an evaluation of the machineries, hardware and software and how it meets the need of the proposed system
Feasibility study covers:
Cost and profitability
Scope of the market
Projected cash flow
Availability and utilization of the resources and labour
Technology and system feasibility
Fits in with existing environment the development possibilities