What is the difference between a business case and a feasibility study?
While both feasibility study and business case consider worth, viability and options for a new business or government initiative, the focus of each document is different.
The feasibility study focus is to evaluate technical and economic viability of a new initiative by establishing what criteria are to be met to attain the desired outcome and reasoning if and how the organisation can meet these criteria, given its current vision, capabilities and resources. Feasibility studies generally assume that the funds for realisation of the initiative are available.
The business case focus is to justify approval to proceed and allocation of funds for realisation of the suggested new initiative. Business cases generally assume that the initiative is feasible and aim to build a funding submission based on conclusions of the preceding feasibility study.
Julia Podgorbunskaya, CPA, Head Planner at Professional Business Plans
December 2018
(61) 02 4295 0079
Julia@ProfessionalBusinessPlans.com.au
www.ProfessionalBusinessPlans.com.au
The feasibility study focus is to evaluate technical and economic viability of a new initiative by establishing what criteria are to be met to attain the desired outcome and reasoning if and how the organisation can meet these criteria, given its current vision, capabilities and resources. Feasibility studies generally assume that the funds for realisation of the initiative are available.
The business case focus is to justify approval to proceed and allocation of funds for realisation of the suggested new initiative. Business cases generally assume that the initiative is feasible and aim to build a funding submission based on conclusions of the preceding feasibility study.
Julia Podgorbunskaya, CPA, Head Planner at Professional Business Plans
December 2018
(61) 02 4295 0079
Julia@ProfessionalBusinessPlans.com.au
www.ProfessionalBusinessPlans.com.au
