The opportunity study is the main instrument used to develop a project idea in to a proposal. List at least 5 points the study has to analyze
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An opportunity study is carried at an initial phase which entails validation of the objective and longevity of a project.
Explanation:
- Validation of objective by weighing the pros and cons of a project.
- Exploring geographical location and economies of scale associated therein.
- Gathering basic requirements essential to develop a project.
- Taking the aid of analysts and researchers in conductance of opportunity study.
- Concluding on the study for analysis, whether to carry a feasibility study or not.
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Opportunity study for a project:
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