Feasibility study template: Download and edit
Blog post from LogRocket
A feasibility study template is a pre-structured document designed to evaluate the viability of projects across various domains, including technical, financial, market, operational, and legal aspects. This tool simplifies the decision-making process by providing a systematic framework that ensures all critical factors are considered, saving time and ensuring clarity and consistency in presenting findings to stakeholders. It is particularly useful for product managers, entrepreneurs, and consultants needing to assess new ideas, market expansions, or operational changes, enabling them to make informed, data-driven decisions. The template includes sections for technical, financial, market, operational, and legal feasibility, aiding in a comprehensive analysis that can be tailored for specific industries and audiences. Additionally, it encourages the use of visuals for clearer communication and offers examples of practical applications, such as evaluating a new feature for a meal delivery app. By using a feasibility study template, teams can uncover potential risks, identify opportunities, and align insights with actionable goals, ultimately leading to confident and strategic decision-making.