In general terms, the elements of a feasibility analysis for a project should cover the following:
Need analysis: pertinent questions that should be asked include:
Is the need significant enough to justify the proposed project?
Will the need still exist by the time the project is completed?
What are the alternate means of satisfying the need?
What are the economic, social, environmental, and political impacts of the need?
What will be required to satisfy the need?
Estimating project cost to an acceptable level of accuracy.
An analysis of the cash flow profile of the project.
Environmental, social, cultural, political, and economic impacts may be some of the factors that will determine how a project is perceived by the public.
Conclusions and Recommendations:
Overall outcome of the project analysis.