A feasibility study determines whether a project is legal, practical and cost- effective. Before embarking on a project and investing money in it, it is important to lay out all the cards on the table weighing out the pros and cons.
Eastman Properties Limited assists companies and organization managers make sound decisions by conducting a feasibility study on upcoming projects. Such feasibility studies include technical, legal, economic and cheduling factors to thoroughly understand all aspects of the project, any underlying risks and finally determining if the said project is viable or not.
Feasibility studies are important for organizations as;
- They uncover new ideas and opportunities that could alter a project’s outlook.
- Identifies valid reasons to proceed with a project
- Enhances a project’s success rate by evaluating multiple parameters
- Identifies valid reasons not to go ahead with a project.