11 Examples of a Feasibility Study

John Spacey, February 26, 2017

A feasibility study is research, testing and experimentation designed to determine if a strategy, design, product or process is possible and practical. The following are illustrative examples.

Cost

A solar manufacturing firm performs a study to determine if an innovative new design would be cost competitive given the current cost of required materials, components, energy, machines and labor.

Technology

A space agency constructs a prototype to determine if a new type of spacecraft propulsion is technically feasible.

Distribution

A fashion company develops a study to identify the risks and opportunities associated with launching a retail location in Singapore.

Product Development

A fast moving consumer goods company commissions a market research firm to see if customers would buy a premium green tea from well known tea regions of Japan.

Legal

A bank is considering launching an innovative new financial product. They begin with a feasibility study focused on legal aspects such as compliance and regulatory risks.

Operations

A data center investigates the feasibility of energy self sufficiency using solar panels and battery systems with the grid as a backup.

Education

A school district investigates the feasibility of giving every student a computing device for use in class. The study looks at issues such as cost, educational value, support processes and information security.

Cities

A city studies at the feasibility of closing a section of the city to traffic in order to stimulate economic activity in the area with pedestrian zones. They collect feedback from people who commute to the area, neighborhood residents and businesses.

Architecture

An architect develops a prototype to test a passive design that gets natural light deep into the rooms of a building.

Entertainment

A producer with an idea for a television series funds a 5 minute demo to see how audiences react to it.

Agriculture

A farmer experiments with bagging fruit in order to eliminate the use of pesticides.

Overview: Feasibility Study
Type	Strategic Planning Market Research
Definition (1)	A study designed to determine the risks and opportunities associated with a strategy, design, product or process.
Definition (1)	Research or testing to determine if something is possible and practical.
Related Concepts	Market Research Business Experiments Test and Learn Strategic Planning Business Plan