Feasibility Study

Feasibility Study in Project Management is a study that aims to demonstrate that the projects established for our customers are technically reliable and economically profitable in a broader perspective.

The feasibility study must justify the project in terms of specific, measurable, attainable, realistic, and temporally defined goals in a given context while providing the means to achieve them.

The feasibility study will be based on preparing the ground plan of the company, the area’s seismic level and type of climate, and the nature, type and weight of products to be stored.
A 3D representation with calculation of various parameters will be presented to the project’s sponsors to obtain their approval.

The feasibility study should also reduce the risk by improving the decision maker’s information. Also, one must view this phase of project management as a dynamic process where its constituents interact and whose purpose is to provide options for decision makers. Among the possible choices, stands the ability to decide to implement the project or reject it.

But there is also the possibility of other approaches to research additional information or to propose amendments to the project (1).