Feasibility Studies

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A feasibility study is a preliminary study that is completed to determine a project's viability through identifying any fatal flaws and potential return on investments.  The results of the study are used to determine whether to proceed with the project. It provides a structured method that focuses on problems, identifies objectives, evaluates alternatives, and aids in the selection of the best solution.  It also describes current market situations, explores outcomes, and assesses the range of costs and benefits associated with the recommended action.

Over the years Byrne & Company has completed many feasibility studies for renewable fuels/energy projects.  Our feasibility studies are completed in two parts: the initial stage and the full study.  The initial stage identifies the fatal flaws, quickly determining whether the project is feasible or not.  If the project is found to be feasibile, a full feasibility study is completed.  By completing a two-phase study Byrne & Company is able to save companies valuable time and money if a project is not feasible.  By conducting a feasibility study, we can improve your confidence that the recommended action is the most viable and assure you that projects requiring additional resources can be successful.  The feasibility study is a strong base to use when developing a business plan.