When designing a feasibility study in UAE, the first step is to define the scope. This section outlines the goals and objectives of the project. Once the scope is defined, the next step is to define the project requirements. These requirements will differ for different projects, such as software products or information systems. It is essential to define these requirements carefully and in a consistent manner throughout the study. The cost of the project will be another consideration, so other approaches will be estimated for comparison purposes.
Technical feasibility section:
In a feasibility study, the technical feasibility section analyzes the physical and logistical aspects of a proposed project. This section aims to provide context and a visual representation of the proposed project’s development, including the cost, time, and materials. The results of this section serve as the basis for the business plan. As an added benefit, it can also be used as a flowchart to track progress and troubleshoot.
This section of the feasibility study should also focus on the solution that is proposed. It often includes a re-statement of the cost and benefit of the proposed solution. This section should also focus on the impact of the solution on the organization’s environment. The goal of this section of the feasibility study is to describe how the solution will benefit the organization.
Financial feasibility section:
The financial feasibility section of a feasibility study focuses on the cash flows that are expected to come in during the first few years of operation. It also addresses the costs of production and ongoing operating expenses. This part should be divided into fixed and variable costs. The financial feasibility section should conclude by identifying the sources of financing available for the proposed business. If there are no investors yet, it is possible that the business will not succeed, or at least not at a satisfactory level.
Organizational feasibility section:
The financial feasibility section of your feasibility study will include information on the organization’s finances. This includes information about investors, total revenues from last year, and assets and liabilities. This section of the report is where you will try to persuade your reader that the organization’s plans will work. It will also include the expenses that the organization expects to incur to meet its business goals. The organizational feasibility section of your feasibility study will show the reader the company’s moral practices, as well as its overall structure.