Feasibility Study
Assessment of viability, costs, and benefits of a proposed project.
Detailed Description
Feasibility Study
What is the primary purpose of a feasibility study?
The primary purpose is to evaluate the potential success of a project before committing significant resources.
What are the types of feasibility studies?
The types include technical, economic, legal, operational, and schedule feasibility.
What components are typically included in a feasibility study?
Key components include an executive summary, market analysis, technical analysis, financial analysis, risk assessment, and conclusions.
Why are feasibility studies important in real estate?
They help assess profitability, understand market dynamics, and navigate regulatory requirements for development projects.
What are some common challenges faced during a feasibility study?
Common challenges include data availability, changing market conditions, stakeholder alignment, and resource constraints.