A feasibility report (also called a feasibility study) is a document that assesses whether a proposed project, product or business is practical and worth pursuing before money is committed. It weighs demand, technical needs, costs and risks, then gives a clear go or no-go recommendation. Entrepreneurs, engineers, students and project managers write them for investors, lenders, clients or a course assessment.
This page has 60+ feasibility report templates: 33 in Word (25 .doc and 8 .docx) and 13 as PDFs. Use the Word files as an editable feasibility study template, and read the PDFs as a feasibility report sample to see how others structure their analysis.
Set your success criteria, such as a minimum return or payback period, before you start the analysis. That way the conclusion follows from the numbers, instead of the numbers being bent to fit a conclusion you already wanted.
A feasibility study often draws on other research. You can also check out our industry analysis templates for market data, decision matrix templates for comparing options, and business report templates for presenting results to management.
Feasibility Report Templates
Components of a Feasibility Report
A feasibility report can have a number of sections and elements depending on the project or task under consideration. Here are the key elements included in a feasibility report.
1. Introduction:
First, the main problem and its proposed solution or solutions are stated. For example, if manufacturing costs are rising, the proposed solution could be relocating the company’s manufacturing operation.
2. Background:
This section includes any important background information. This could include the history and context of the problem, an overview of the company’s operations, and any other details that are important to understand before analyzing whether the project is feasible.
3. Requirements:
This section is sometimes also called the criteria section. It explains how the feasibility of a proposed solution will be evaluated.
For example, relocating all or part of a business could be evaluated on cost, environmental impact, taxes and other important criteria.
4. Evaluation:
In this section, the proposed solution is compared to the current solution. All other relevant factors are also evaluated.
5. Conclusions:
This section sums up all the conclusions about the proposed solution. The pros and cons of the solution can also be restated.
6. Recommendations:
This is the final opinion section. It recommends whether or not a solution is feasible. By now, the recommendation should be obvious, as it is based on all the collected information and its analysis.
Sample Feasibility Reports
Benefits of Feasibility Report
Some of the key benefits of a feasibility report are listed below:
- The Feasibility report provides a clear information for a go or a no-go decision.
- It identifies new opportunities.
- It determines the valid reasons to undertake a project.
- It also point out the reasons not to proceed.
- It increases the success rate in a particular project by evaluating multiple factors.
- It narrows the business alternatives.
- It improves team work and the project teams’ focus.
- With the help of a feasibility report, current available resources for a project can easily be assessed.
- Feasibility report also assists in estimating the additional resources that are required for a particular project.
Feasibility Report Examples
Writing a Feasibility Report That Can Support a Decision
Choose a report structure around the proposal and its main uncertainties. Feasibility includes practical, commercial, financial and other relevant constraints, not just an optimistic cost estimate. If the feasibility findings support seeking funds, WordNExcelTemplates’ investment and funding proposal templates can help present the evidence in a financing request.
- Define the proposed option and realistic alternatives.
- Assess requirements, resources, costs, benefits and key assumptions.
- Explain constraints, sensitivity and the decision supported by the evidence.
Worked Example
Example: a proposal to open a training centre should assess demand, premises, staffing, permissions and cash requirements. If enrolment assumptions are untested, the report should say so and examine a lower-enrolment case. A positive conclusion is not justified simply because the template contains a “recommended” box.
Common Mistakes to Avoid
Avoid treating sunk costs as a reason to ignore new evidence. Distinguish an option that is technically possible from one that is affordable and operationally sustainable.
Related Templates
- Industry Analysis Templates
- Audit Report Templates
- Value Chain Analysis Templates
- Technical Report Templates
Frequently Asked Questions
Does a feasibility report have to recommend proceeding?
No. It may recommend proceeding, modifying the proposal, conducting further tests or stopping. The conclusion should follow the evidence.
How should uncertainty be presented?
Identify the assumption, its basis and how a different value affects the decision. Use scenarios or ranges when a single figure would create false confidence.
