Detailed Feasibility

If an initial assessment results in the decision to move to a more detailed feasibility, agreement will be needed on the further work that will be required and how to secure the resources necessary to make it happen.

The information gathered for the initial assessment will have to be researched in more detail and verified with the benefit of professional advice. This will provide important information to be included in the project business plan.

A Feasibility Study report can help an asset champion to seek support, but it is also possible to simply include results of the detailed feasibility process for the project into the business plan.

Either way the feasibility study or business plan should draw on research or other evidence which supports assumptions made about the projected capital and revenue income proposals to manage the project when it is complete.

Related Resources

Feasibility Studies: A Guide to Good Practice

This good practice note is about how to tackle a Feasibility Study and is for the information of both community groups, acting as client, and their consultants.

PDF icon Feasibility Studies: A Guide to Good Practice (RIAS)