Feasibility studies evaluate, from a high-level perspective, whether or not a product can be commercialized.  These studies will tell a company whether a market exists for their proposed product or service, if the cost to go to market outweighs the potential revenue, and whether their allocated resources will provide adequate support.  A feasibility study offers an initial view into a company’s plans and can minimize risk by providing guidance as to whether the plans need to be modified, increased in scope, or reassessed before moving forward.

Posted in: Management Consulting