feasibility study – Ellery's Essays

The Feasibility Study Ends with a Plan, Not A Solution

The feasibility study consists of the following steps: It starts with defining the problem. It ends with a plan. A lot of people make the mistake of ending a feasibility study with a solution. After they have the answer, many of them neglect to ask “what’s next?” They rely on the stakeholders to figure thatContinue reading “The Feasibility Study Ends with a Plan, Not A Solution”

A Feasibility Study Starts with Defining the Problem

An employee has an idea and brings it to her boss. The boss says “good idea!” and forms a team to do a feasibility study. The team determines the idea feasible for a new product. The boss authorises the introduction of the new product. The product, however, does not sell. Customers think it’s too expensive. Continue reading “A Feasibility Study Starts with Defining the Problem”