Project Feasibility Study Template
Evaluate project viability with comprehensive feasibility analysis templates.
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How This Template Works
Before committing budget and resources to a major project, a structured feasibility study separates viable initiatives from risky gambles. This Project Feasibility Study template provides a systematic framework for evaluating technical, economic, legal, and operational feasibility — giving decision-makers the evidence they need to greenlight or shelve a proposal.
The template walks you through market analysis, technical requirements, cost-benefit projections, risk identification, and a final recommendation matrix. Use it alongside our [Project Business Case Template](/templates/project-business-case-template) for the financial justification and our [Project Risk Register](/templates/project-risk-register) for detailed risk tracking.
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Frequently Asked Questions
When should I use a feasibility study vs a business case?
A feasibility study comes first — it determines whether a project is viable at all. A business case comes after, justifying the investment with detailed financial analysis. This template handles the feasibility assessment; our Project Business Case template handles the financial justification.
Who typically conducts a project feasibility study?
Usually a cross-functional team led by the project sponsor or a senior project manager. Technical leads assess technical feasibility, finance assesses economic feasibility, and legal reviews regulatory constraints.
What format is this template in?
This is a Word document (.docx) with structured sections, tables, and prompts that guide you through each feasibility dimension. It's fully editable in Microsoft Word or Google Docs.
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