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Summary
A feasibility study offers more than a simple go/no-go decision. It can also assess an institution's capacity for securing significant funding.
Area of Science:
- Business and Finance
- Organizational Management
Background:
- Feasibility studies are often narrowly viewed as binary decision tools.
- Institutions require robust financial planning beyond initial project approval.
Purpose of the Study:
- To broaden the perceived scope of feasibility studies.
- To highlight the strategic financial planning capabilities inherent in feasibility assessments.
Main Methods:
- Conceptual analysis of feasibility study frameworks.
- Case study examples illustrating financial capacity assessment.
Main Results:
- Feasibility studies can quantify an institution's fundraising potential.
- The process can identify specific strategies for capital acquisition.
Conclusions:
- Feasibility studies should be utilized for strategic financial assessment.
- Expanding the role of feasibility studies enhances institutional financial readiness.