What is the difference between a business case and a feasibility study?
While both business case and feasibility study consider worth, viability and options for a new business or government initiative, the focus of each document is different.
A feasibility study focuses on evaluation of technical, economic and other viabilities 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.
A business case focuses on justification of a suggested new initiative, seeking an approval to proceed and allocation of the required funds. 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
last updated August 2025
(61) 02 8072 8929
[email protected]
www.ProfessionalBusinessPlans.com.au
A feasibility study focuses on evaluation of technical, economic and other viabilities 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.
A business case focuses on justification of a suggested new initiative, seeking an approval to proceed and allocation of the required funds. 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
last updated August 2025
(61) 02 8072 8929
[email protected]
www.ProfessionalBusinessPlans.com.au