A feasibility study report should include the project description, possible solutions, evaluation criteria, pinpointing the most feasible solution and a conclusion. Feasibility study reports are used to provide evidence for a project's effectiveness and to give supportive reasons why this project should be undertaken.
A project manager normally has to submit some kind of supportive background in order to receive the go-ahead from upper management to pursue a project. This is done by doing a feasibility study and submitting a report on the findings.
Step 1: Write the project description
The powers that be want to know the details of the proposed project. This information is included in the project description. The reason for the project and any background information should be listed here.
Step 2: Give some possible solutions
There should be more than one solution for the problem the project is attempting to resolve. Do an alternatives analysis to come up with a few different ways to solve the issue and list them here.
Step 3: Describe the evaluation criteria
This section sets and defines the evaluation criteria for the possible solutions. Be sure to list criteria for all the solutions given in Step 2.
Step 4: Pinpoint the most feasible solution
Describe the most feasible solution here. It should be the one that is the most economically and technically feasible.
Step 5: Write the conclusion
The conclusion summarizes the report. Review the aim of the project and reiterate the most feasible solution.