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An Introduction to Feasibility Study

A feasibility study is an important assessment tool that is used to assess the potential for a proposed project or system to determine if it is technically, financially, and legally viable. It is an in-depth analysis of the practicality, resources, and potential impact of a project. The purpose of a feasibility study project proposal is to determine whether a project is worth pursuing, and if so, how it can be most effectively implemented. A feasibility study aims to answer the question "Should we do this project?"

A feasibility study typically involves gathering and analyzing data and information about the market, the competition, the target audience, and the potential costs and benefits of the project. This analysis helps businesses and organizations make informed decisions about whether to invest in a new project or pursue an alternative course of action.

Who needs a feasibility study

Feasibility studies can be conducted for a wide variety of projects, including construction projects, business ventures, and public policy initiatives. For example:

What can you expect from OGSCapital feasibility study consultant?

Here’s why you can trust OGSCapital for your feasibility study


Results-oriented solution

We are committed to providing results-oriented solutions that help our clients achieve their goals as our team of experts conducts a thorough analysis of your project to determine its feasibility and provides recommendations based on best practices and strategic advice.


Strategic Advice

In addition to conducting a thorough analysis of your project, we also provide strategic advice to help you plan for the future. We work with you to develop a roadmap for success that takes into account your long-term goals and helps you identify potential growth opportunities.


High-quality market research

We conduct thorough market feasibility studies to ensure that our analysis is accurate and reliable. Our team has access to a wide range of resources and data that enables us to identify trends and patterns that can impact the success of your project.


Best practices/guidance

Our team is made up of experienced professionals who have a deep understanding of best practices in feasibility studies. We provide guidance and support throughout the process to ensure that you are making informed decisions about your project.


Full customization

At OGSCapital, we believe in the power of customization. We do not use templates or provide ready-made solutions. Instead, we create each feasibility study from scratch, tailored specifically to your unique needs and goals.

Feasibility studies can be conducted at various stages of a project, from the initial planning stages to the implementation phase. In some cases, a feasibility study may be required by law or regulations, such as for certain types of construction projects or public policy initiatives.

Understanding the different types of Feasibility Studies

There are several types of feasibility studies that can be conducted, depending on the specific project or venture being evaluated. Here are a few common types of feasibility studies:

Technical feasibility

Technical feasibility study assesses whether a proposed project is technically feasible, meaning that it can be completed with the available resources and technology. It may involve analyzing the availability of necessary resources and equipment, as well as determining whether the necessary technology or infrastructure exists to support the project. For example, a company might conduct a technical feasibility study to determine whether it is possible to build a new manufacturing plant with the technology and resources it currently has available.

Economic feasibility

Economic feasibility study assesses the financial viability of a proposed project by comparing the costs associated with the project and the expected benefits or returns. Economic feasibility focuses on the cost/benefit analysis of a project, which helps determine whether or not it is a wise investment. For example, a city mayor might conduct an economic feasibility study to determine whether it is financially feasible to build a new community center.

Legal feasibility

Legal feasibility study assesses whether a proposed project is in compliance with relevant laws and regulations. Legal feasibility entails examining all relevant regulations, statutes, zoning laws, contracts, and other laws that could affect the implementation of a project. Furthermore, this type of study also looks at any potential risks associated with the project and identifies any possible legal solutions for mitigating those risks. For example, a developer might conduct a legal feasibility study to determine whether a proposed construction project is in compliance with local zoning laws.

Operational feasibility

Operational feasibility study assesses whether a proposed project is feasible from an operational standpoint. It looks at whether the project can be completed within the required time frame, and whether the necessary resources, such as personnel and equipment, are available. This type of study is helpful in determining if the project is realistic given the available resources and constraints. For example, a hospital might conduct an operational feasibility study to determine whether a new electronic medical record system can be seamlessly integrated into its existing processes.

Environmental feasibility

Environmental feasibility examines the impact of a proposed project on the environment. It often involves assessing any potential environmental risks posed by the project and identifying ways to minimize or avoid those risks. For example, a developer who is considering building a new residential community might conduct an environmental feasibility study to determine whether the construction would have any negative impacts on the surrounding environment. Based on the results of the study, the developer may decide to proceed with the project or modify the plans to reduce any potential environmental impacts.

A look at the key components of a Feasibility Study

There are various components involved in preparing a feasibility study that together provide a comprehensive analysis of the potential risks and benefits of the project. These components include: 👉


  • Users: Founders, Top and Middle Management, and Investment Committees

  • Size of the document: 40-60 pages

  • Timeframe: 20-24 days

  • Graphic design: included
  • Assigned team: 2 senior consultants with a project lead

  • Unlimited revision period: 3 weeks

  • Rush Delivery Service: Available

Feasibility Study contents:
  • Executive summary
  • Problem statement
  • Objectives
  • Alternatives
  • Scope
  • Schedule
  • Resources
  • Cost-benefit analysis
  • Risk assessment
  • Conclusions and recommendations

Components of a Feasibility Study

Executive summary

The executive summary is a brief overview of the key points of the feasibility study. It should summarize the problem or opportunity being addressed, the objectives of the proposed project, the alternative solutions considered, the scope and resources required, the cost-benefit analysis, and the conclusions and recommendations of the study.

Problem statement

The problem statement identifies the problem or opportunity that the proposed project is intended to address. It should clearly and concisely describe the issue being addressed and the impact it has on the organization or community.


The objectives of a feasibility study are the specific goals and outcomes that the proposed project is intended to achieve. They should be specific, measurable, achievable, relevant, and time-bound (SMART).


The alternatives section of a feasibility study describes and compares potential alternative solutions to the problem or opportunity being addressed. This can include different approaches to solving the problem, different locations or technologies, or different ways of implementing the project.


The scope of a feasibility study outlines the size, complexity, and duration of the proposed project. It should describe the specific deliverables, tasks, and milestones that will be included in the project, as well as any constraints or limitations.


The schedule of a feasibility study is a timeline outlining the steps and milestones of the proposed project. It should include a breakdown of the tasks and resources required to complete the project, as well as the estimated duration of each task.


The resources section of a feasibility study estimates the financial, personnel, and material resources required to complete the project. This can include the cost of labor, equipment, materials, and services, as well as any additional support or funding needed.

Cost-benefit analysis

The cost-benefit analysis compares the costs of the proposed project to the expected benefits it will provide. This can include both tangible and intangible benefits, such as increased revenue or profits, improved quality of life, or environmental benefits.

Risk assessment

The risk assessment evaluates the potential risks and uncertainties associated with the proposed project, and develops a plan to mitigate or manage these risks. Risks can include technical challenges, financial or regulatory issues, or changes in market conditions.

Conclusions and recommendations

This section of a feasibility study summarizes the findings of the study and provides a recommendation on whether or not to proceed with the proposed project based on the results of the cost-benefit analysis, the risk assessment, and any other relevant factors.

How it works

Partnering with OGS to prepare your Feasibility Study is a simple and straightforward process.

Get your Feasibility Study in 4 easy steps

Step 1

Fill out our online form.

Step 2

Our consultants will contact you and discuss your case.

Step 3

OGS will prepare a Feasibility Study and submit the draft within 10-12 days.

Step 4

After considering your comments and lawyer review, we will revise and finalize your Feasibility Study.

Any questions? Get in Touch!

About us

OGScapital was established in 2006 by 8 partners with extensive experience working in the world's best-known consulting companies (Bain, BCG, Deloitte). Since then, we have provided an increasingly wide range of business consulting services. Our company has a separate risk advisory team focused specifically on Feasibility Study development.


OGScapital was founded in 2006


Our team members have experience in 42+ industries


We develop 90 Feasibility Studies per year


Our team consists of 60 consultants


OGScapital successfully cooperates with 45 solicitors and law firms


How much should a feasibility study cost?

The average cost of a feasibility study can vary significantly depending on the scope and complexity of the project, as well as the specific needs and goals of the client. We would be happy to assist you with your feasibility study and provide a personalized quote based on your specific needs and goals. Contact Us today!

Can I hire someone to do a feasibility study?

If you attempt to write a feasibility research study yourself, you may not have the necessary skills, expertise, or resources to conduct a thorough analysis. This could lead to an incomplete or inaccurate study that may not adequately address all of the relevant considerations. Therefore, it is generally best to hire a professional feasibility study consultant like OGSCapital to ensure that the study is comprehensive and reliable.

Who typically prepares a business feasibility study?

At OGSCapital, a team of professional consultants typically prepares feasibility studies and business planning services. The team is made up of experienced professionals who have a deep understanding of the feasibility study process and a wide range of skills and expertise. This may include financial analysts, market researchers, legal experts, and CIM consultants, PPM Consultants, among others. We work closely with clients throughout the process to ensure that the study is comprehensive and accurate, and provide guidance and support to help clients make informed decisions about their projects.

If you are considering a new project or venture and want to ensure its success from the start, don't hesitate to Contact OGSCapital. Our team of experts is here to help you prepare your project’s feasibility study and pave the way for success.


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More than 5,000 clients from all over have trusted OGScapital.

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Steps involved in conducting a Feasibility Study

A feasibility study is an important step in the project planning process. Feasibility studies can be conducted for a wide range of projects, including new product development, process improvements, and business ventures. The steps involved in conducting a feasibility study typically include:

Step 1: Identify the purpose and scope of the feasibility study

The first step in preparing a feasibility study is to determine the purpose and scope of the study. The project scope defines the boundaries of the project, including the goals, objectives, and deliverables. It is important to define the purpose and scope clearly so that the feasibility study can focus on the specific aspects of the project that need to be evaluated.

Step 2: Conduct a market analysis

A market analysis helps determine the demand for the product or service that the project will offer. This may include market research, customer surveys, and competitive analysis. The results of the market analysis can help determine whether there is a market for the product or service and whether the project is financially feasible.

Step 3: Analyze the technical, financial and organizational feasibility

Feasibility is a crucial aspect of any project and involves evaluating the technical, financial, and organizational factors that will impact its success.

Technical feasibility will help to analyze the ability to develop and implement the proposed solution using available resources and technology, including an analysis of the organization's technical capabilities and the level of expertise required.

Financial feasibility will help in analyzing the costs of the project and determining whether they can be recouped through revenues. This includes conducting a cost-benefit analysis to assess the potential return on investment.

Organizational feasibility will help in analyzing organization's ability to successfully implement the project and whether it aligns with the organization's mission. This may include an assessment of the organization's resources and any potential barriers to success. In order to effectively evaluate the feasibility of a project, all of these factors must be carefully considered.

Step 4: Consider legal and regulatory constraints

It is important to determine whether the project is compliant with any relevant laws or regulations. This may include obtaining necessary permits, licenses, or approvals, as well as ensuring that the project meets industry standards. For example, in order to build a sports complex, regulatory constraints might include zoning regulations, building codes, and environmental regulations.

Step 5: Prepare the feasibility study report

Once all of the data has been collected and analyzed, the next step is to prepare the feasibility study report. A feasibility report is a document that summarizes the findings of the feasibility study and presents them to decision-makers. This should include a summary of the findings, as well as a detailed analysis of the market, technical, financial, and organizational feasibility of the project.

Step 6: Present the feasibility study report

Finally, the feasibility study report should be presented to key stakeholders, such as management, investors, or board members, for review and consideration. They would use the report to determine whether the proposed sports complex is a viable project, and whether to move forward with the plans.

Maximizing Success with OGSCapital Expert Feasibility Study Consultants

Are you considering a new project or venture and want to ensure its success from the start? Our team of professionals at OGSCapital is here to help. As professional feasibility study consultants, we have a track record of helping our clients attract billions of dollars in financing over the past 16 years. Our team of experts are dedicated to conducting thorough, reliable analysis of your project to determine whether it is technically, financially, and legally feasible.

Unlike other consulting firms that rely on templates or ready-made solutions, we create each feasibility study from scratch, tailored specifically to your unique needs and goals. This personalized approach ensures that our user-friendly documents are comprehensive and accurate, giving you the confidence to make informed decisions about your project.

Don't risk investing in a project that may not be viable. Trust the experts at OGSCapital to conduct a comprehensive feasibility study and set your project on the path to success. Contact Us today to learn more.

We were rated the TOP4 Small Business Consulting Firm in 2020 per Clutch
We were rated the TOP4 Small Business Consulting Firm in 2020 per Clutch