Feasibility Study

We Research & Write the Best Feasibility Study for clients all over Nigeria and other parts of the world.

Feasibility Study Professionals in Nigeria, located in Lagos.

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We carry out Professional Feasibility Study in Lagos Nigeria, and we deliver nation-wide. We also deliver location specific Feasibility Studies. We take our time to make sure our feasibility study meets up to international standards.

Feasibility studies help answer the essential question, “should we proceed with the proposed idea?”

Outline:

  1. What is a Feasibility Study in Nigeria?
  2. What are the qualities of a good Feasibility Study in Nigeria?
  3. Why is a Feasibility Study Important in Nigeria?
  4. Contents of a Professional Feasibility Study in Nigeria.
  5. Feasibility Study Vs Business Plan.
  6. Feasibility Study: “Anywhere in Nigeria”: How is that possible?
  7. Best Feasibility Study Writers in Lagos Nigeria – BusinessOntop.
  8. Cost for Feasibility Study Research and Time-frame in Nigeria.
  9. Why We Care?
  10. How to Contact us: for Feasibility Study Research/Writing.

1. What is a Feasibility Study in Nigeria?

A feasibility study is a research that is carried out in an attempt to generate information that would guide the intended CEO or Management Team that is considering starting a new venture/project. A feasibility study provides step-by-step information of everything that needs to be known towards starting-up anything new (or expansion).  Feasibility studies also helps to determine if the proposed idea, venture or concept is viable / feasible or not.

feasibility study is just what it sounds like: a systematic study to understand whether or not a specific project, venture, or approach is feasible. The ultimate outcome of any feasibility report is a “go” / “no go” decision. You either move forward or you don’t, and in some cases you move forward, but with a different approach.

Whether a study’s findings are positive or negative, the feasibility study can help entrepreneurs and managers better understand what aspects of the project are of greatest strategic importance to the success of the venture.

If the feasibility study is negative, the findings still may uncover previously unknown market opportunities and can thus help set the stage for some other successful product or service commercialization. If the feasibility study is positive, the findings would provide useful insights and benchmarks for the project as it moves forward in the commercialization process.

If the feasibility study indicates a very low probability of success, it would be far less expensive to invest in the feasibility study and kill the project, than it would be to go forward without the study and see the project fail.

 

USES OF FEASIBILITY STUDY IN NIGERIA.

  • Get feedback about the new concept from the appropriate stakeholders
  • Analyze and ask questions about your data to make sure that it’s solid
  • Conduct a market survey or market research to enhance data collection
  • Write an organizational, operational, or a business plan
  • Prepare a projected income statement
  • Make an initial “go” or “no-go” decision about moving ahead with the plan

2.  What are the qualities of a good Feasibility Study in Nigeria?

Model Creation

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The practice of companies blindly following available templates comes with enormous risks. Whether companies design or copy certain business models, it is necessary to conduct a feasibility study, using models, to reduce the risk of failure. A feasibility study of the business model should be centered on the organization’s value creation processes.

 

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Computer Science

Donald has a PHD in both Computer Science and Design. His beginner course is a must see for any aspiring web professional who want to learn from the best.

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3.  Why is a Feasibility Study Important in Nigeria?

good for managerial guidiance

detailed documentation

ACCURATE information

prevents you from making mistakes

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4.   Contents of a Professional Feasibility Study.

 Is the project technically possible?

What will it take. Do you have it? If not, can you get it? What will it cost?

  • Technical: Hardware and software
  • Existing or new technology
  • Manpower
  • Site analysis
  • Transportation

This assessment is based on an outline design of system requirements, to determine whether the company has the technical expertise to handle completion of the project. When writing a feasibility report in Nigeria, the following will be taken to consideration:

  • A brief description of the business to assess more possible factors which could affect the study
  • The part of the business being examined
  • The human and economic factor
  • The possible solutions to the problem

At this level, the concern is whether the proposal is both technically and legally feasible (assuming moderate cost).

The technical feasibility assessment in Nigeria is focused on gaining an understanding of the present technical resources of the organization and their applicability to the expected needs of the proposed system. It is an evaluation of the hardware and software and how it meets the need of the proposed system.

  • Initial investment
  • Resources to procure capital: Banks, investors, venture capitalists
  • Return on investment

Examine the local and broader markets for the product, service, plan, or business.

  • Type of industry
  • Prevailing market
  • Future market growth
  • Competitors and potential customers
  • Projection of sales

Market research studies is one of the most important sections of the feasibility study as it examines the marketability of the product or services and convinces readers that there is a potential market for the product or services. If a significant market for the product or services cannot be established, then there is no project. 

Includes significant interim markers for the project’s completion date.

A time feasibility study will take into account the period in which the project is going to take up to its completion. A project will fail if it takes too long to be completed before it is useful. Typically this means estimating how long the system will take to develop, and if it can be completed in a given time period using some methods like payback period. Time feasibility is a measure of how reasonable the project timetable is. Given our technical expertise, are the project deadlines reasonable? Some projects are initiated with specific deadlines. It is necessary to determine whether the deadlines are mandatory or desirable.

  • The organizational structure of the business
  • Legal structure of the business or the specific project
  • Management team’s competency, professional skills, and experience
  • Legal Considerations.
  • Locational Considerations.
    • Availability of land or buildings.
    • The impact of the project on the environment and the approval of the concerned institutions for license.
    • The costs of transporting inputs and outputs to the project’s location (i.e., the distance from the markets).
    • Availability of various services related to the project such as availability of extension services or veterinary or water or electricity or good roads …etc.
    •  

 

The operational feasibility assessment focuses on the degree to which the proposed development project fits in with the existing business environment and objectives with regard to development schedule, delivery date, corporate culture and existing business processes.

To ensure success, desired operational outcomes must be imparted during design and development. These include such design-dependent parameters as reliability, maintainability, supportability, usability, production possibility, disposability, sustainability, affordability and others. These parameters are required to be considered at the early stages of design if desired operational behaviours are to be realised. A system design and development requires appropriate and timely application of engineering and management efforts to meet the previously mentioned parameters. A system may serve its intended purpose most effectively when its technical and operating characteristics are engineered into the design. Therefore, operational feasibility is a critical aspect of systems engineering that needs to be an integral part of the early design phases.

 

Break down into subsets of technology, marketing, organization, and financials.

5.  Feasibility Study Vs Business Plan.

Feasibility Study

ui/ux web master

  • A feasibility study assesses the practicality of a proposed plan or project.
  • The goal of a Feasibility Study is to determine whether the project should go ahead, be redesigned, or else abandoned altogether.
  • A Feasibility study usually carries out a research on the different possible methods of production for the given item or sets of items or services. 

Business Plan

Computer Science

Donald has a PHD in both Computer Science and Design. His beginner course is a must see for any aspiring web professional who want to learn from the best.

6.  Feasibility Study: “Anywhere in Nigeria”: How is that possible?

Feasibility Study in Nigeria.

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Feasibility Study in Lagos.

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7.  Best Feasibility Study Writers in Lagos Nigeria – BusinessOntop.

Best Feasibility Study Writers in Nigeria – BusinessOntop.

We know about your hectic schedule. We also know the only way you truly understand a subject is by practicing it in a real environment. This is why we’ve set a playground area that’s full of hours of exercises, questions and challenges. It even has a gaming section. 

Best Feasibility Study Writers in Lagos. – BusinessOntop.

In addition to our online classroom, we also offer an option to take part in a live classroom. It takes place in our vast campus located in Westfield, London. Here you’ll be able to use the most up-to-date facilities and computer equipment.

8.  Cost for Feasibility Study Research and Time-frame in Nigeria.

Join our course and start building the most wanted career available today. We make sure every class is easily understood, and that all students reach the same level of expertise needed for today’s hi-tech industry.

9.  Why We Care?

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10. Contact us: for Feasibility Study Research/Writing.

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