A feasibility study is an analysis used to assess the practicality and viability of a proposed project or system. It helps in understanding the important details of how a project can be implemented, the costs involved, potential impact and profitability, and the risks associated with the project.

The duration of a feasibility study can vary depending on the complexity of the project. Typically, it can take anywhere from a few weeks to several months. Mikel Consulting will provide a timeline based on the specifics of your project and the depth of analysis required.

Our feasibility studies cover market analysis, operational feasibility, legal requirements, technical requirements, and financial projections. This comprehensive approach ensures that all potential aspects of the project are evaluated.

A feasibility study is crucial as it:

• Prevents wastage of resources by determining if a project is viable before significant investments are made.

• Identifies new opportunities that may not have been previously considered.

• Provides an objective analysis that helps stakeholders make informed decisions.

Yes, we can tailor our feasibility studies to concentrate on particular areas of concern specific to your project. Whether you need a deep dive into market feasibility or a detailed financial analysis, we can adjust the focus based on your requirements.

We typically need detailed information about the proposed project, including your business goals, project scope, available resources, and any preliminary research you may have conducted. We might also require access to relevant data points or stakeholders for interviews.

Mikel Consulting employs experienced analysts who use proven methodologies and up-to-date market data to ensure our studies are accurate and reliable. We also engage with industry experts and use advanced analytical tools to validate our findings.