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Project Background and History

executive summaryThe Executive Summary

To enhance the clarity of a feasibility study, it is very important to begin with a brief summary of the proposal. This brief summary is usually referred to as the “executive summary”. It provides a glimpse into the contents of the study and tells the potential investor whether the project is worth investing in or even whether the proposal is worth reading.  Another purpose of the executive summary is to attract the attention of the reader, particularly the appraisal officer of a bank or lending institution to read on and internalize the contents. The summary should therefore be very short and certainly not more than one or two pages.

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Introduction To A Feasibility Study

A feasibility study is a fundamental document for starting and implementing a new or existing business enterprise. It is an important aid in project formulation and implementation. The study helps the promoters and other investors to generate, crystallise and focus their ideas, to set objectives and monitor performance against them. The feasibility study is used as a proposal to outside potential investors such as development, merchant and commercial banks,  venture capital companies, bilateral and multilateral lending institutions and others for external funding either in form of loan, lease or equity participation.  It is therefore important that the document must be persuasive enough to convince potential investors of the need for funding. Some researchers also refer to a feasibility study as a proposal, a business plan, a prospectus or a game plan.Continue Reading

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