A project feasibility study is a report that investigates the viability of a project. It seeks to provide its stakeholders with an analysis that results in a go/no-go decision.
Feasibility studies are performed in a variety of industries. They are prominent in the oil & gas, mining, or renewable energy industries, or manufacturing industry for new plant investments. They are performed wherever a large capital expenditure for a project must be approved by the executive or board.
The contents of a project feasibility study are:
- Design Summary
- Economics (incl. cash flow reports)