A feasibility study and action plan involves a thorough analysis of an operation and results in a number of concrete suggestions for improvement based on the operation’s unique conditions. Based on the feasibility study, a concrete action plan is devised to achieve these goals. This action plan allots both time and resources. How long it takes to conduct a feasibility study and create an action plan depends upon the scope and complexity of your operation. Contact us to discuss what it would mean for your particular operation.
Having Part Development carry out a feasibility study offers several advantages, such as:
- Identification of areas of potential improvement, with concrete improvement suggestions
- Improved decision making based on quantified improvement potential
- Correct prioritization of improvement activities
- Improved basis for making budget decisions