Feasibility Reports

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Feasibility Reports
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Definition

• A kind of recommendation report written for
  internal business use
• A document that evaluates at least two
  alternative courses of action
• Ex. Should we expand out product line to
  include this new item?

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Definition

• An argument that answers
• Questions of possibilities
• Questions of economic wisdom
• Questions of perception

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Six Steps to Prepare Feasibility Report

• Identify the Problem Clearly State
• What is working what is not?
• FLIP problem as opportunity by adding context
  What situation presents an opportunity?
• Establish Criteria for Responding to Problem
• Necessary
• Desirable
• Determine the Options Example replace or repair?

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Six Steps (continued)

• Study Each Option According to the Criteria
• Determine which criteria to examine
• Decide the range of correct values for each
  criterion (possible use logic boxes)
• Assign values to criterion

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Six Steps (continued)

• Draw Conclusions About Each Option
• Rank all the options
• Classify options in two categories
• Acceptable
• Unacceptable. Present a compound conclusion (Ex.
  one machine offers one advantage the other
  offers another advantage)
• Formulate a Rec. based on Conclusions

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Six Steps to Prepare Feasibility Report

• Determine the Options