How do you write a feasibility report to evaluate the viability of a proposed solution? (2024)

The first step is to clearly define the problem or opportunity that you are addressing, and why it is important or relevant for your organization, stakeholders, or customers. You should also identify the objectives and criteria that you will use to evaluate the proposed solution. This will help you to narrow down the scope and focus of your report, and to establish the context and background for your readers.

The second step is to research and analyze the possible alternatives that can solve the problem or seize the opportunity. You should gather relevant and reliable information from various sources, such as market data, customer feedback, industry trends, expert opinions, and best practices. You should also compare and contrast the strengths, weaknesses, opportunities, and threats (SWOT) of each alternative, and how they align with your objectives and criteria.

The third step is to recommend the best solution based on your research and analysis. You should explain why you chose this solution over the others, and how it meets or exceeds your objectives and criteria. You should also provide evidence and examples to support your recommendation, and to demonstrate the feasibility of the solution in terms of technical, economic, operational, and social aspects.

The fourth step is to outline the implementation plan for the recommended solution. You should describe the main steps, activities, resources, responsibilities, timelines, and milestones that are involved in executing the solution. You should also identify the potential risks, challenges, and assumptions that may affect the implementation, and how you plan to mitigate or address them.

The fifth step is to summarize the benefits and costs of the recommended solution. You should highlight the positive impacts and outcomes that the solution will bring to your organization, stakeholders, or customers, such as increased revenue, improved efficiency, enhanced satisfaction, or reduced waste. You should also estimate the total costs and investments that are required for the solution, such as capital, labor, materials, or maintenance.

The sixth and final step is to write the executive summary for your report. The executive summary is a brief overview of the main points and findings of your report, and it should be written last, after you have completed the other sections. The executive summary should include the problem or opportunity statement, the objectives and criteria, the recommended solution, the implementation plan, and the benefits and costs. It should also state the purpose and scope of your report, and the intended audience and action.

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

Business Correspondence

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