Feasibility Study Templates (MS Word)

Download this Feasibility Study template to document a project’s viability, analyze the problem and then determine if it can be solved effectively.

The results determine whether the solution should be implemented or not. This activity takes place during the Project Initiation phase in the software development lifecycle and is created before significant expenses are engaged.

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Feasibility Study Template: Purpose

Use this template to:

  • Analyze an existing system to see if it is worth upgrading.
  • Determine if there is sufficient time to build the new system, when it can be built, whether it interferes with operations, type and amount of resources required, dependencies, etc.
  • Establish the cost-effectiveness of the proposed system; determine if the system conflicts with legal requirements.

This Feasibility Study includes a 28 page template in MS Word™ format, which can be easily modified for your next project. This template helps you write the Problem Statement, Business Environment, Business Problem, Requirements Statement, Business Drivers, Feasibility Assessment, Feasibility Ranking, Ranking Criteria, Ranking Scores, Proposed System, Cost Analysis, and Recommendations.

Feasibility Study Template: Blue Theme


Feasibility Study Template: Red Theme


Feasibility Study Template

Approval Page

Feasibility Study Template

Executive Summary

Feasibility Study Template

Chapter 2, Introduction

Feasibility Study Template

Chapter 3, Problem Statement

Feasibility Study Template

Chapter 3.2, Business Problem

Feasibility Study Template

Chapter 4, Requirements Statement

Feasibility Study Template

Chapter 5, Project Management

Feasibility Study Template

Chapter 6, Feasibility Assessment

Feasibility Study Template

Risks, Issues and Assumptions

Feasibility Study TemplateCh

Chapter 7, Feasibility Ranking

Feasibility Study Template

Chapter 8, Proposed System

Feasibility Study Template

Chapter 9, Cost Analysis

Feasibility Study Template

Chapter 10, Recommendations

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Feasibility Study Template: Table of Contents

1.  Executive Summary

2 Introduction

2.1 Purpose of this Document
2.2 Benefits
2.3 Justification
2.4 Scope
2.5 Relationship to Other Plans

3 Problem Statement

3.1 Business Environment
3.1.1 External Analysis
3.1.2 Business Vision
3.1.3 Business Units
3.1.4 Business Locations
3.1.5 Business Information
3.1.6 Business Technologies
3.1.7 Business Processes
3.2 Business Problem
3.2.1 Business Problem
3.2.2 Business Opportunity

4 Requirements Statement

4.1 Business Drivers
4.2 Business Requirements

5 Project Management

5.1 Sponsorship
5.2 Approach
5.3 Schedule
5.4 Resources

6 Feasibility Assessment

6.1 Option [#1]
6.1.1 Description
6.1.2 Assessment
6.1.3 Results
6.1.4 Risks
6.1.5 Issues
6.1.6 Assumptions
6.1.7 Benefits Realization
6.2 Option [#2]
6.3 Option [#3]

7 Feasibility Ranking

7.1 Ranking Criteria
7.2 Ranking Scores

8 Proposed System

8.1 Description of Proposed System
8.2 Improvements
8.3 Impacts
8.3.1 Equipment Impacts
8.3.2 Software Impacts
8.3.3 Organizational Impacts
8.3.4 Operational Impacts
8.3.5 Developmental Impacts
8.3.6 Site or Facility Impacts
8.3.7 Security and Privacy Impacts

9 Cost Analysis

10 Recommendations

10.1 Ranking Results
10.2 Best Option Recommendations
10.3 Best Option Satisfies Known Constraints
10.4 Best Option Satisfies Go/No Go Questions
10.5 Reasons For Rejected Other Options

Feasibility Study Template: Content & Format

The template is in Microsoft Word format and can be downloaded instantly online for only $9.99.

Feasibility Study Templates 28 pages Download Word template

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Product Specifications

File Format: The templates are in Microsoft Word  (.docx) format.

Opening the Files: You don’t need any special software to unzip the files. To unzip the files, right click on it, then select Extract, and save it to your computer.

Getting Started: Depending on your MS Office settings, the files may say Read Only when you open them. If this occurs, click FileSave As and save the files. There are no security settings on any of the files.

Images: All of the images in the templates are copyright free.