How to Write a Feasibility Study Report

Writing a feasibility report is a critical part of any successful business. It provides you with an overview of the project to help you establish if you have the resources to pull it off. Keep reading for insights into how to write a feasibility study report.


What Is a Feasibility Study Report?

Whether you are preparing to start a new business or working on a project to boost your business returns, you have to come up with a few strategies to make your plans a success. Among those strategies is to do a feasibility study.

However, before you start writing an effective feasibility study report, the first step is to understand the FSR meaning.

A feasibility study report can be termed as a review of a proposed project to establish its practicality and weaknesses. The primary purpose of feasibility study is to allow you to plan and ensure you have the resources needed for the project, identify any potential challenges, and come up with practical solutions that the project has to offer.

After identifying the importance of feasibility study, you are better positioned to develop an efficient one for the project’s success.

Requirements for Feasibility Study Report Template

If you are wondering how to do a feasibility study, here is a template showing all the necessary elements of a competent report:

  • project description;

  • possible solutions;

  • evaluation criteria;

  • most effective solution;

  • conclusion.

Front Matter of FSR

The suitable feasibility analysis report differs depending on your specific requirements. Nonetheless, when conducting a feasibility study, you should create a front matter comprising the title of the report, your name, email, position in the organization, and your organization’s name.

Below the title, you should put down a list of contents you plan to include in the report. These are the headings and subheadings that make up the report’s body structure.

Include all the tables, illustrations, and figures. Note that the title page should not be numbered. Also, the front matter of FSR should not exceed 4 to 5 pages.

Report Body Format of FSR

The feasibility report body format comes in different styles, so you can select the most suitable one based on your preference. You may also seek the assistance of an expert supervisor or curator to guide you in choosing the right feasibility report format standards.

Some of the common feasibility study format tips, regardless of the style, include the following.

  • Every page should have an abbreviation of the main title, your name as the author, and page number at the top right corner.

  • The report should be structured into headings and subheadings: ensure they are formatted correctly.

  • The style of the headings should be consistent on all pages.

  • Use professional font, not too big and not too small.

  • Use the correct citation style.

Be sure to follow the correct feasibility study outlines to avoid having a hard time reviewing the report. 

Key Report Template Sections

Regardless of your project’s size, type, and scope, there are distinct steps in feasibility analysis. Here is a review of each step taken in feasibility reports.

  • Summary: it highlights the purpose of the report and how the research will benefit targeted audiences.

  • Background: this section describes the feasible study further, indicating who conducted it and when.

  • Analysis: it describes the steps in feasibility analysis and the method applied in conducting research.

  • Alternatives: this is an overview of other feasibility report ideas compared to the main study. 

  • Cost-Benefit: presents an evaluation of the main proposal to establish whether it is cost-effective or economically practical. This section shows why the proposal is the best among the others.

  • Conclusion: the final part summarizes the entire analysis and what you think about it. 

Back Matter of FSR

A feasibility report should have a reference page. This section includes all the cited materials such as books, reports, and articles. 

The first step is to craft a project description with detailed background information of what you aim to achieve.

For instance, if you are starting a marketing project and hoping to maximize sales, the description should be as follows:

“This project is a social media marketing campaign to enhance brand exposure and increase sales by improving one-on-one engagement with existing and potential customers. In this case, the possible solution can be 

  • creating an Instagram page and growing followers; 

  • involving social media influencer marketing.”

Tips for Writing an FSR Template

Are you wondering how to write a feasibility study report? Creating a sample covering all feasibility study steps can be helpful in such cases.

Writing a feasibility report sample is easy with the right tips. You can access a suitable feasibility report template online depending on your preference and use it to fill in the different sections. Here are specific tips for writing an FSR template to make the process simple even for beginners.

Identify Potential Solutions

This section entails the solutions that the project is likely to bring. Feasibility reports should include the results you are hoping to get by undertaking the project. For example:

“This project can be realized through applying the two well-researched solutions:

  • ordering a digital marketing campaign;

  • optimizing the website for SEO.” 

Determine Evaluation Criteria

Establish which criteria you intend to use to assess the highlighted solutions. Highlight the feasibility ideas that can be implemented to make the solutions achievable. For example:

“The potential solutions are thoroughly evaluated based on the following criteria: 

  • budget; 

  • timeline before seeing results.”

Propose the Most Reasonable Solution

After evaluating all the possible solutions, you should settle with the most feasible one. Your best choice should help your company optimize resources and maximize returns.

“After evaluating the possible solutions, the most feasible one is selected to ensure the project is cost-effective and will bring good returns.”

Conclusion

This is the last step of writing feasibility reports. It should summarize the rest of the sections and state the solution you have settled with as the most feasible:

“The project’s purpose is to optimize consumer engagement and increase sales. The most feasible solution has been identified and is ready for elaboration.” 

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