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How to Conduct a Feasibility Study: Templates and Examples [2024] • Asana
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*[data-theme="gray"]{--bg:var(--black-20);--bg-medium:var(--black-50);--bg-medium-weak:var(--black-50);--bg-hover:var(--black-100);--bg-strong:var(--black-100);--border:var(--black-100);--border-weak:var(--black-100);--border-strong:var(--black-200);--text:var(--black-1000);--text-medium:var(--black-800);--text-weak:var(--black-600);--link-text:var(--black-1000);--link-text-hover:var(--black-600);--link-text-active:var(--black-1000);--icon:var(--black-1000);--icon-medium:var(--black-800);--icon-weak:var(--black-600);--icon-hover:var(--black-800);--icon-medium-hover:var(--black-600);--icon-disabled:var(--black-600);--btn-primary-background:var(--black-1000);--btn-primary-background-hover:var(--black-600);--btn-primary-background-selected:var(--black-1000);--btn-primary-background-disabled:var(--black-100);--btn-primary-text:var(--white);--btn-primary-text-disabled:var(--black-500);--btn-primary-icon:var(--black-100);--btn-primary-icon-disabled:var(--black-300);--btn-primary-outline:var(--black-20);--btn-primary-outline-hover:var(--black-20);--btn-secondary-background:var(--black-20);--btn-secondary-background-hover:var(--black-50);--btn-secondary-background-selected:var(--black-20);--btn-secondary-background-disabled:var(--black-20);--btn-secondary-text:var(--black-1000);--btn-secondary-text-disabled:var(--black-500);--btn-secondary-icon:var(--black-1000);--btn-secondary-icon-disabled:var(--black-1000);--btn-secondary-outline:var(--black-600);--btn-secondary-outline-hover:var(--black-600);--btn-tertiary-link-text:var(--black-1000);--btn-tertiary-link-text-hover:var(--black-600);--btn-tertiary-background:var(--black-1000);--btn-tertiary-background-hover:var(--black-600);--btn-tertiary-icon:var(--white);--chip-bg:var(--black-50);--chip-bg-hover:var(--black-100);--chip-bg-selected:var(--coral-0);--chip-text:var(--black-1000);--chip-text-selected:var(--coral-1000);--tag-bg:var(--black-100);--tag-text:var(--black-500);--accent-dark-coral:var(--coral-1000);--accent-dark-blue:var(--blue-1000);--accent-dark-green:var(--green-1000);--accent-dark-purple:var(--purple-1000);--accent-light-coral:var(--coral-0);--accent-light-blue:var(--blue-0);--accent-light-green:var(--green-0);--accent-light-purple:var(--purple-0);--accent-bright-coral:var(--glow-coral);--error:var(--red);--warning:var(--amber);--success:var(--green);--glow:var(--glow-white);--logo-text:var(--coral-1000);--logo-circles:var(--accent-bright-coral);--btn-google-background:var(--google-sign-up-blue);--btn-google-background-hover:var(--google-sign-up-blue-light);}html 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*[data-theme="dark-coral"]{--bg:var(--coral-1000);--bg-medium:var(--coral-950);--bg-medium-weak:var(--coral-950);--bg-hover:var(--coral-900);--bg-strong:var(--coral-800);--border:var(--coral-900);--border-weak:var(--coral-900);--border-strong:var(--coral-800);--text:var(--coral-0);--text-medium:var(--coral-200);--text-weak:var(--coral-400);--link-text:var(--white);--link-text-hover:var(--coral-300);--link-text-active:var(--white);--icon:var(--coral-200);--icon-medium:var(--coral-200);--icon-weak:var(--coral-400);--icon-hover:var(--coral-200);--icon-medium-hover:var(--coral-400);--icon-disabled:var(--coral-400);--btn-primary-background:var(--coral-0);--btn-primary-background-hover:var(--coral-300);--btn-primary-background-selected:var(--coral-0);--btn-primary-background-disabled:var(--coral-950);--btn-primary-text:var(--coral-1000);--btn-primary-text-disabled:var(--coral-900);--btn-primary-icon:var(--coral-1000);--btn-primary-icon-disabled:var(--coral-700);--btn-primary-outline:var(--coral-1000);--btn-primary-outline-hover:var(--coral-1000);--btn-secondary-background:var(--coral-1000);--btn-secondary-background-hover:var(--coral-900);--btn-secondary-background-selected:var(--coral-1000);--btn-secondary-background-disabled:var(--coral-1000);--btn-secondary-text:var(--coral-0);--btn-secondary-text-disabled:var(--coral-500);--btn-secondary-icon:var(--coral-0);--btn-secondary-icon-disabled:var(--coral-0);--btn-secondary-outline:var(--coral-400);--btn-secondary-outline-hover:var(--coral-400);--btn-tertiary-link-text:var(--coral-0);--btn-tertiary-link-text-hover:var(--coral-300);--btn-tertiary-background:var(--coral-0);--btn-tertiary-background-hover:var(--coral-300);--btn-tertiary-icon:var(--coral-1000);--chip-bg:var(--coral-950);--chip-bg-hover:var(--coral-900);--chip-bg-selected:var(--coral-800);--chip-text:var(--coral-0);--chip-text-selected:var(--coral-0);--tag-bg:var(--coral-900);--tag-text:var(--coral-0);--accent-dark-coral:var(--coral-1000);--accent-dark-blue:var(--coral-1000);--accent-dark-green:var(--coral-1000);--accent-dark-purple:var(--coral-1000);--accent-light-coral:var(--coral-0);--accent-light-blue:var(--coral-0);--accent-light-green:var(--coral-0);--accent-light-purple:var(--coral-0);--accent-bright-coral:var(--glow-coral);--error:var(--red);--warning:var(--amber);--success:var(--green);--glow:var(--glow-coral);--logo-text:var(--coral-0);--logo-circles:var(--accent-bright-coral);--btn-google-background:var(--coral-0);--btn-google-background-hover:var(--coral-300);}html 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2H5V2.5C5 3.35 5.65 4 6.5 4H9.5C10.35 4 11 3.35 11 2.5V2H12C13.1 2 14 2.9 14 4V13Z"></path></svg><span>Project management</span></div></a></li><li class="_nav_hamburger-section__item__qWD2x"><a class="_nav_card-link__U1lGF" href="/features/goals-reporting"><div class="_nav_card-link__name__ADncl _nav_card-link__name--pad-left__jtZAF _nav_card-link__name--is-bold___Uloi"><svg width="18" height="18" viewBox="0 0 16 16" xmlns="http://www.w3.org/2000/svg" role="graphics-symbol" aria-labelledby="goal-icon-title-id" aria-hidden="true" fill="var(--lightmode-icon)" style="fill:var(--lightmode-icon)"><title id="goal-icon-title-id">goal icon</title><path d="M14.8417 13.2322L11.7917 8.53223C12.5417 7.68223 12.9917 6.53223 12.9917 5.28223C12.9917 2.53223 10.7417 0.282227 7.99167 0.282227C5.24167 0.332227 2.99167 2.58223 2.99167 5.33223C2.99167 6.58223 3.44167 7.68223 4.19167 8.58223L1.14167 13.2822C0.741673 13.8822 0.691673 14.6822 1.04167 15.3322C1.39167 15.9822 2.04167 16.3822 2.79167 16.3822H13.1917C13.9417 16.3822 14.5917 15.9822 14.9417 15.3322C15.2917 14.6322 15.2917 13.8822 14.8417 13.2322ZM3.99167 5.33223C3.99167 3.13223 5.79167 1.33223 7.99167 1.33223C10.1917 1.33223 11.9917 3.13223 11.9917 5.33223C11.9917 6.23223 11.6917 7.03223 11.2417 7.68223L9.69167 5.28223C9.34167 4.73223 8.69167 4.38223 8.04167 4.38223C7.34167 4.38223 6.74167 4.73223 6.39167 5.28223L4.84167 7.68223C4.29167 7.03223 3.99167 6.23223 3.99167 5.33223ZM10.5417 8.43223C9.84167 8.98223 8.94167 9.33223 7.99167 9.33223C7.04167 9.33223 6.14167 8.98223 5.44167 8.43223L7.14167 5.83223C7.34167 5.53223 7.64167 5.38223 7.99167 5.38223C8.34167 5.38223 8.64167 5.53223 8.84167 5.83223L10.5417 8.43223ZM14.0917 14.8322C13.8917 15.1822 13.5917 15.3322 13.1917 15.3322H2.79167C2.44167 15.3322 2.09167 15.1322 1.89167 14.8322C1.69167 14.4822 1.74167 14.1322 1.94167 13.8322L4.89167 9.33223C5.74167 9.98223 6.79167 10.3822 7.99167 10.3822C9.14167 10.3822 10.2417 9.98223 11.0917 9.33223L14.0417 13.8322C14.2417 14.0822 14.2417 14.4822 14.0917 14.8322Z"></path></svg><span>Goals and reporting</span></div></a></li><li class="_nav_hamburger-section__item__qWD2x"><a class="_nav_card-link__U1lGF" href="/product/ai"><div class="_nav_card-link__name__ADncl _nav_card-link__name--pad-left__jtZAF _nav_card-link__name--is-bold___Uloi"><svg width="18" height="18" viewBox="0 0 16 16" xmlns="http://www.w3.org/2000/svg" role="graphics-symbol" aria-labelledby="asana-intelligence-icon-title-id" aria-hidden="true" fill="var(--lightmode-icon)" style="fill:var(--lightmode-icon)"><title id="asana-intelligence-icon-title-id">asana-intelligence icon</title><path d="M11.082 0.0429688H12.668V0.496094C12.668 1.00684 12.8709 1.49667 13.232 1.85783C13.5932 2.21898 14.083 2.42187 14.5937 2.42187H15.0469V4.00781H14.5937C14.083 4.00781 13.5932 4.21071 13.232 4.57186C12.8709 4.93301 12.668 5.42284 12.668 5.93359V6.38672H11.082V5.93359C11.082 5.42284 10.8791 4.93301 10.518 4.57186C10.1568 4.21071 9.667 4.00781 9.15625 4.00781H8.70312V2.42187H9.15625C9.667 2.42187 10.1568 2.21898 10.518 1.85783C10.8791 1.49667 11.082 1.00684 11.082 0.496094V0.0429688ZM11.875 1.28908C11.7429 1.74202 11.4984 2.15902 11.1588 2.49864C10.8192 2.83826 10.4022 3.08272 9.94923 3.21485C10.4022 3.34697 10.8192 3.59142 11.1588 3.93104C11.4984 4.27067 11.7429 4.68767 11.875 5.14061C12.0071 4.68767 12.2516 4.27067 12.5912 3.93104C12.9308 3.59142 13.3478 3.34697 13.8008 3.21485C13.3478 3.08272 12.9308 2.83826 12.5912 2.49864C12.2516 2.15902 12.0071 1.74202 11.875 1.28908ZM3.71875 2.76172H5.53125V3.21484C5.53125 4.1524 5.79037 4.81557 6.21982 5.24502C6.64927 5.67447 7.31244 5.93359 8.25 5.93359H8.70312V7.74609H8.25C7.31244 7.74609 6.64927 8.00522 6.21982 8.43466C5.79037 8.86411 5.53125 9.52729 5.53125 10.4648V10.918H3.71875V10.4648C3.71875 9.52996 3.45478 8.86624 3.02161 8.43561C2.58798 8.00452 1.92354 7.74609 1 7.74609H0.546875V5.93359H1C1.93756 5.93359 2.60073 5.67447 3.03018 5.24502C3.45963 4.81557 3.71875 4.1524 3.71875 3.21484V2.76172ZM4.60674 3.66797C4.53202 4.57003 4.22691 5.32992 3.67099 5.88584C3.11507 6.44176 2.35518 6.74686 1.45312 6.82158V6.85849C2.34592 6.93393 3.10362 7.23926 3.66054 7.79291C4.2189 8.34801 4.53014 9.10769 4.60639 10.0117H4.64326C4.71798 9.10966 5.02309 8.34977 5.57901 7.79385C6.13493 7.23793 6.89482 6.93282 7.79687 6.85811V6.82158C6.89482 6.74686 6.13493 6.44176 5.57901 5.88584C5.02309 5.32992 4.71798 4.57003 4.64326 3.66797H4.60674ZM9.26953 9.10547H10.8555V9.55859C10.8555 10.0693 11.0584 10.5592 11.4195 10.9203C11.7807 11.2815 12.2705 11.4844 12.7812 11.4844H13.2344V13.0703H12.7812C12.2705 13.0703 11.7807 13.2732 11.4195 13.6344C11.0584 13.9955 10.8555 14.4853 10.8555 14.9961V15.4492H9.26953V14.9961C9.26953 14.4853 9.06664 13.9955 8.70548 13.6344C8.34433 13.2732 7.8545 13.0703 7.34375 13.0703H6.89062V11.4844H7.34375C7.8545 11.4844 8.34433 11.2815 8.70548 10.9203C9.06664 10.5592 9.26953 10.0693 9.26953 9.55859V9.10547ZM10.0625 10.3516C9.93038 10.8045 9.68592 11.2215 9.3463 11.5611C9.00668 11.9008 8.58968 12.1452 8.13673 12.2773C8.58968 12.4095 9.00668 12.6539 9.3463 12.9935C9.68592 13.3332 9.93038 13.7502 10.0625 14.2031C10.1946 13.7502 10.4391 13.3332 10.7787 12.9935C11.1183 12.6539 11.5353 12.4095 11.9883 12.2773C11.5353 12.1452 11.1183 11.9008 10.7787 11.5611C10.4391 11.2215 10.1946 10.8045 10.0625 10.3516Z"></path></svg><span>Asana AI</span></div></a></li><li class="_nav_hamburger-section__item__qWD2x"><a class="_nav_card-link__U1lGF" href="/features/workflow-automation"><div class="_nav_card-link__name__ADncl _nav_card-link__name--pad-left__jtZAF _nav_card-link__name--is-bold___Uloi"><svg width="18" height="18" viewBox="0 0 16 16" xmlns="http://www.w3.org/2000/svg" role="graphics-symbol" aria-labelledby="workflow-icon-title-id" aria-hidden="true" fill="var(--lightmode-icon)" style="fill:var(--lightmode-icon)"><title id="workflow-icon-title-id">workflow icon</title><path d="M11.625 5.87256H13.625C14.45 5.87256 15.125 5.19756 15.125 4.37256V2.37256C15.125 1.54756 14.45 0.872559 13.625 0.872559H11.625C10.8 0.872559 10.125 1.54756 10.125 2.37256V2.87256H6.325C6.09 1.59256 4.97 0.622559 3.625 0.622559C2.11 0.622559 0.875 1.85756 0.875 3.37256C0.875 4.71756 1.845 5.83756 3.125 6.07256V9.87256H2.625C1.8 9.87256 1.125 10.5476 1.125 11.3726V13.3726C1.125 14.1976 1.8 14.8726 2.625 14.8726H4.625C5.45 14.8726 6.125 14.1976 6.125 13.3726V12.8726H13.425L11.77 14.5276C11.575 14.7226 11.575 15.0376 11.77 15.2326C11.87 15.3326 11.995 15.3776 12.125 15.3776C12.255 15.3776 12.38 15.3276 12.48 15.2326L14.98 12.7326C15.08 12.6326 15.125 12.5026 15.125 12.3776C15.125 12.3776 15.125 12.3776 15.125 12.3726C15.125 12.2226 15.055 12.0926 14.955 12.0026L12.47 9.51756C12.275 9.32256 11.96 9.32256 11.765 9.51756C11.57 9.71256 11.57 10.0276 11.765 10.2226L13.41 11.8726H6.125V11.3726C6.125 10.5476 5.45 9.87256 4.625 9.87256H4.125V6.07256C5.24 5.86756 6.12 4.98756 6.325 3.87256H10.125V4.37256C10.125 5.19756 10.8 5.87256 11.625 5.87256ZM11.125 2.37256C11.125 2.09756 11.35 1.87256 11.625 1.87256H13.625C13.9 1.87256 14.125 2.09756 14.125 2.37256V4.37256C14.125 4.64756 13.9 4.87256 13.625 4.87256H11.625C11.35 4.87256 11.125 4.64756 11.125 4.37256V2.37256ZM4.625 10.8726C4.9 10.8726 5.125 11.0976 5.125 11.3726V13.3726C5.125 13.6476 4.9 13.8726 4.625 13.8726H2.625C2.35 13.8726 2.125 13.6476 2.125 13.3726V11.3726C2.125 11.0976 2.35 10.8726 2.625 10.8726H4.625ZM3.625 5.12256C2.66 5.12256 1.875 4.33756 1.875 3.37256C1.875 2.40756 2.66 1.62256 3.625 1.62256C4.59 1.62256 5.375 2.40756 5.375 3.37256C5.375 4.33756 4.59 5.12256 3.625 5.12256Z"></path></svg><span>Workflows and automation</span></div></a></li><li class="_nav_hamburger-section__item__qWD2x"><a class="_nav_card-link__U1lGF" href="/features/resource-management"><div class="_nav_card-link__name__ADncl _nav_card-link__name--pad-left__jtZAF _nav_card-link__name--is-bold___Uloi"><svg width="18" height="18" viewBox="0 0 16 16" xmlns="http://www.w3.org/2000/svg" role="graphics-symbol" aria-labelledby="portfolio-icon-title-id" aria-hidden="true" fill="var(--lightmode-icon)" style="fill:var(--lightmode-icon)"><title id="portfolio-icon-title-id">portfolio icon</title><path fill-rule="evenodd" d="M14.5 4c.85 0 1.5.65 1.5 1.5v7c0 1.4-1.1 2.5-2.5 2.5h-11C1.1 15 0 13.9 0 12.5v-10C0 1.65.65 1 1.5 1h4.6c.2 0 .35.1.45.25L7.6 3.2c.25.5.75.8 1.3.8h5.6Zm.5 1.5v7c0 .85-.65 1.5-1.5 1.5h-11c-.85 0-1.5-.65-1.5-1.5V5h13.5c.3 0 .5.2.5.5ZM6.9 4c-.1-.1-.15-.2-.2-.3L5.8 2H1.5c-.3 0-.5.2-.5.5V4h5.9Z" clip-rule="evenodd"></path></svg><span>Resource management</span></div></a></li><li class="_nav_hamburger-section__item__qWD2x"><a class="_nav_card-link__U1lGF" href="/features/admin-security/"><div class="_nav_card-link__name__ADncl _nav_card-link__name--pad-left__jtZAF _nav_card-link__name--is-bold___Uloi"><svg width="18" height="18" viewBox="0 0 16 16" xmlns="http://www.w3.org/2000/svg" role="graphics-symbol" aria-labelledby="my-task-icon-title-id" aria-hidden="true" fill="var(--lightmode-icon)" style="fill:var(--lightmode-icon)"><title id="my-task-icon-title-id">my-task icon</title><path d="M7.975 8.5c2.2 0 4-1.8 4-4s-1.8-4-4-4-4 1.8-4 4 1.8 4 4 4Zm0-7c1.65 0 3 1.35 3 3s-1.35 3-3 3-3-1.35-3-3 1.35-3 3-3Zm6.5 10.9c-.3 0-.5.2-.5.5V15c0 .3.2.5.5.5s.5-.2.5-.5v-2.1c0-.3-.2-.5-.5-.5Zm-2.4-2.4c0-.3-.2-.5-.5-.5h-7.2c-1.9 0-3.4 1.5-3.4 3.4V15c0 .3.2.5.5.5s.5-.2.5-.5v-2.1c0-1.3 1.1-2.4 2.4-2.4h7.2c.3 0 .5-.2.5-.5Zm2.8-.4c-.2-.2-.5-.2-.7 0l-4.05 4.05-1.35-1.35c-.2-.2-.5-.2-.7 0-.2.2-.2.5 0 .7l1.7 1.7c.1.1.2.15.35.15.15 0 .25-.05.35-.15l4.4-4.4c.2-.2.2-.5 0-.7Z"></path></svg><span>Admin and security</span></div></a></li></ul></div><div class="_nav_hamburger-section__16fMk _nav_hamburger-section--featured__GDm6R"><h3 class="_nav_hamburger-section__name__wyHBS">ALL PLANS</h3><ul class="_nav_hamburger-section__items__jOZly"><li class="_nav_hamburger-section__item__qWD2x"><a class="_nav_card-link__U1lGF" href="/pricing"><div class="_nav_card-link__name__ADncl 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8C3.4 7.65 3.65 7.4 4 7.4C4.35 7.4 4.6 7.65 4.6 8ZM4.6 11C4.6 11.35 4.35 11.6 4 11.6C3.65 11.6 3.4 11.35 3.4 11C3.4 10.65 3.65 10.4 4 10.4C4.35 10.4 4.6 10.65 4.6 11Z"></path></svg><span>Personal</span></div></a></li><li class="_nav_hamburger-section__item__qWD2x"><a class="_nav_card-link__U1lGF" href="/plan/starter"><div class="_nav_card-link__name__ADncl _nav_card-link__name--pad-left__jtZAF"><svg width="18" height="18" viewBox="0 0 16 16" xmlns="http://www.w3.org/2000/svg" role="graphics-symbol" aria-labelledby="premium-icon-title-id" aria-hidden="true" fill="rgb(147, 140, 225)" style="fill:rgb(147, 140, 225)"><title id="premium-icon-title-id">premium icon</title><path d="M13.5 6.48755C13.5 3.43755 11.05 0.987549 8 0.987549C4.95 0.987549 2.5 3.43755 2.5 6.48755C2.5 7.93755 3.05 9.28755 4 10.2375V16.4875C4 16.6875 4.1 16.8375 4.25 16.9375C4.4 17.0375 4.6 17.0375 4.75 16.9375L8 15.0875L11.25 16.9375C11.35 16.9875 11.4 16.9875 11.5 16.9875C11.6 16.9875 11.65 16.9875 11.75 16.9375C11.9 16.8375 12 16.6875 12 16.4875V10.2375C12.95 9.28755 13.5 7.93755 13.5 6.48755ZM8 1.98755C10.5 1.98755 12.5 3.98755 12.5 6.48755C12.5 8.98755 10.5 10.9875 8 10.9875C5.5 10.9875 3.5 8.98755 3.5 6.48755C3.5 3.98755 5.5 1.98755 8 1.98755ZM8.25 14.0375C8.1 13.9375 7.9 13.9375 7.75 14.0375L5 15.6375V11.0875C5.85 11.6375 6.9 11.9875 8 11.9875C9.1 11.9875 10.15 11.6375 11 11.0875V15.6375L8.25 14.0375Z"></path></svg><span>Starter</span></div></a></li><li class="_nav_hamburger-section__item__qWD2x"><a class="_nav_card-link__U1lGF" href="/plan/advanced"><div class="_nav_card-link__name__ADncl _nav_card-link__name--pad-left__jtZAF"><svg width="18" height="18" viewBox="0 0 16 16" xmlns="http://www.w3.org/2000/svg" role="graphics-symbol" aria-labelledby="briefcase-icon-title-id" aria-hidden="true" fill="rgb(93, 162, 131)" style="fill:rgb(93, 162, 131)"><title id="briefcase-icon-title-id">briefcase icon</title><path d="M4 13.5V5.5H5V13.5H11V5.5H12V13.5H13C13.5523 13.5 14 13.0523 14 12.5V6.5C14 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5.28009C2.20011 4.98009 2.70011 4.93009 3.00011 5.18009L8.00011 9.28009L13.0001 5.18009C13.3001 4.93009 13.8001 4.98009 14.0501 5.28009C14.3001 5.58009 14.2501 6.08009 13.9501 6.33009L8.45011 10.8301C8.35011 10.9301 8.15011 10.9801 8.00011 10.9801Z"></path></svg></button><nav class="_nav_mobile-drawer__section-items__z2iCe" inert=""><div class="_nav_hamburger-section__16fMk"><h3 class="_nav_hamburger-section__name__wyHBS">Teams</h3><ul class="_nav_hamburger-section__items__jOZly"><li class="_nav_hamburger-section__item__qWD2x"><a class="_nav_card-link__U1lGF" href="/teams/operations"><div class="_nav_card-link__name__ADncl"><span>Operations</span></div></a></li><li class="_nav_hamburger-section__item__qWD2x"><a class="_nav_card-link__U1lGF" href="/teams/marketing"><div class="_nav_card-link__name__ADncl"><span>Marketing</span></div></a></li><li class="_nav_hamburger-section__item__qWD2x"><a class="_nav_card-link__U1lGF" href="/teams/it"><div 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2.48745L14.5377 7.48745C14.8377 7.78745 14.8377 8.23745 14.5377 8.53745L9.5377 13.5375C9.3877 13.6875 9.1877 13.7375 8.9877 13.7375C8.7877 13.7375 8.5877 13.6875 8.4377 13.5375C8.13769 13.2375 8.13769 12.7875 8.4377 12.4875L12.1377 8.78745H1.9877C1.5877 8.78745 1.2377 8.43745 1.2377 8.03745C1.2377 7.63745 1.5877 7.23745 1.9877 7.23745Z"></path></svg></div></a></li></ul></div><div class="_nav_hamburger-section__16fMk _nav_hamburger-section--featured__GDm6R"><h3 class="_nav_hamburger-section__name__wyHBS">Featured Reads</h3><ul class="_nav_hamburger-section__items__jOZly"><li class="_nav_hamburger-section__item__qWD2x"><a class="_nav_card-resource__vYrMj" href="https://resources.asana.com/asana-intelligence-demo?utm_medium=web&utm_source=megamenu&utm_campaign=ai24-demo"><img class="_nav_card-resource__image__K5HZI" alt="" style="opacity:0"/><noscript><img src="https://assets.asana.biz/m/3c783c71ef817d3e/original/WEBINAR-PNG-24AI-ON_DEMAND-800x512-v2.png" alt=""/></noscript><div 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1.5877 7.23745 1.9877 7.23745Z"></path></svg></span></div></a></li><li class="_nav_hamburger-section__item__qWD2x"><a class="_nav_card-resource__vYrMj" href="https://asana.com/resources/state-of-ai-work?utm_medium=web&utm_source=nav&utm_campaign=soai25"><img class="_nav_card-resource__image__K5HZI" alt="" style="opacity:0"/><noscript><img src="https://assets.asana.biz/m/4bfad42502bff345/original/05-31-2024-State-of-AI-at-Work-Hero-Image.png" alt=""/></noscript><div class="_nav_card-resource__right-container__XsQMk"><span class="_nav_card-resource__category__ctFl5">Report</span><span class="_nav_card-resource__label__giwhF">The State of AI at Work 2024 - The Work Innovation Lab</span><span class="_nav_card-resource__cta-text__7UTMu">Read more<svg width="14" height="14" viewBox="0 0 16 16" xmlns="http://www.w3.org/2000/svg" role="graphics-symbol" aria-labelledby="arrow-right-icon-title-id" aria-hidden="false" fill="var(--lightmode-icon)" style="fill:var(--lightmode-icon)"><title 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icon</title><path d="M8.00011 10.9801C7.85011 10.9801 7.65011 10.9301 7.55011 10.8301L2.05011 6.33009C1.75011 6.08009 1.70011 5.58009 1.95011 5.28009C2.20011 4.98009 2.70011 4.93009 3.00011 5.18009L8.00011 9.28009L13.0001 5.18009C13.3001 4.93009 13.8001 4.98009 14.0501 5.28009C14.3001 5.58009 14.2501 6.08009 13.9501 6.33009L8.45011 10.8301C8.35011 10.9301 8.15011 10.9801 8.00011 10.9801Z"></path></svg></button><nav class="_nav_mobile-drawer__section-items__z2iCe" inert=""><div class="_nav_hamburger-section__16fMk"><h3 class="_nav_hamburger-section__name__wyHBS">Learn</h3><ul class="_nav_hamburger-section__items__jOZly"><li class="_nav_hamburger-section__item__qWD2x"><a class="_nav_card-link__U1lGF" href="https://help.asana.com"><div class="_nav_card-link__name__ADncl"><span>Help Center</span></div></a></li><li class="_nav_hamburger-section__item__qWD2x"><a class="_nav_card-link__U1lGF" href="https://academy.asana.com"><div class="_nav_card-link__name__ADncl"><span>Asana 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class="_nav_card-link__name__ADncl"><span>Customer Success</span></div></a></li></ul></div><div class="_nav_hamburger-section__16fMk _nav_hamburger-section--featured__GDm6R"><h3 class="_nav_hamburger-section__name__wyHBS">Templates</h3><ul class="_nav_hamburger-section__items__jOZly"><li class="_nav_hamburger-section__item__qWD2x"><a class="_nav_card-link__U1lGF" href="/templates/cross-functional-project-plan"><div class="_nav_card-link__name__ADncl"><span>Project plans</span></div></a></li><li class="_nav_hamburger-section__item__qWD2x"><a class="_nav_card-link__U1lGF" href="/templates/team-goals-planning-example"><div class="_nav_card-link__name__ADncl"><span>Team goals & objectives</span></div></a></li><li class="_nav_hamburger-section__item__qWD2x"><a class="_nav_card-link__U1lGF" href="/templates/business-continuity-plan"><div class="_nav_card-link__name__ADncl"><span>Team continuity</span></div></a></li><li class="_nav_hamburger-section__item__qWD2x"><a class="_nav_card-link__U1lGF" href="/templates/qbr-meeting-agenda"><div class="_nav_card-link__name__ADncl"><span>Meeting agenda</span></div></a></li><li class="_nav_hamburger-section__item__qWD2x"><a class="_nav_card-link__U1lGF" href="/templates"><div class="_nav_card-link__name__ADncl _nav_card-link__name--is-bold___Uloi"><span>View all templates</span><svg width="14" height="14" viewBox="0 0 16 16" xmlns="http://www.w3.org/2000/svg" role="graphics-symbol" aria-labelledby="arrow-right-icon-title-id" aria-hidden="true" fill="var(--lightmode-icon)" style="fill:var(--lightmode-icon)"><title id="arrow-right-icon-title-id">arrow-right icon</title><path fill="currentColor" d="M1.9877 7.23745H12.1877L8.4877 3.53745C8.1877 3.23745 8.1877 2.78745 8.4877 2.48745C8.7877 2.18745 9.2377 2.18745 9.5377 2.48745L14.5377 7.48745C14.8377 7.78745 14.8377 8.23745 14.5377 8.53745L9.5377 13.5375C9.3877 13.6875 9.1877 13.7375 8.9877 13.7375C8.7877 13.7375 8.5877 13.6875 8.4377 13.5375C8.13769 13.2375 8.13769 12.7875 8.4377 12.4875L12.1377 8.78745H1.9877C1.5877 8.78745 1.2377 8.43745 1.2377 8.03745C1.2377 7.63745 1.5877 7.23745 1.9877 7.23745Z"></path></svg></div></a></li></ul></div></nav></div><a class="_nav_mobile-drawer__link__yam_R" href="/enterprise">Enterprise</a><a class="_nav_mobile-drawer__link__yam_R" href="/pricing">Pricing</a></ul><div class="_nav_mobile-drawer-buttons__QzO_E"><a class="_nav_button-cta___INC7 _nav_hide-on-mobile__OVrVQ hide-on-logged-in" title="Get started" href="/create-account">Get started</a><a class="_nav_button-cta___INC7 _nav_hide-on-non-mobile__1Ruyc hide-on-logged-in" title="Get started" href="/create-account">Get started</a><a class="_nav_button-cta___INC7 _nav_button-cta--type-secondary__wr1qf hide-on-logged-in" title="Log In" href="https://app.asana.com/">Log In</a><a class="_nav_button-cta___INC7 hide-on-logged-out" title="Launch Asana" href="https://app.asana.com/">Launch Asana</a></div></div><div class="_nav_dropdown-footer__4avDy"><ul class="_nav_dropdown-footer__buttons__F4Vxf"><a class="_nav_dropdown-footer__button__v9vx5" href="/sales" tabindex="-1">Contact sales</a><div class="_nav_dropdown-footer__separator__kQ4ao"></div><a class="_nav_dropdown-footer__button__v9vx5" href="/go/demo" tabindex="-1">View demo</a><div class="_nav_dropdown-footer__separator__kQ4ao"></div><a class="_nav_dropdown-footer__button__v9vx5" href="/download" tabindex="-1">Download App</a></ul></div></div><div class="_nav_desktop-drawer__qquVR"><div class="_nav_desktop-drawer__body-grid__9_bjv"><div class="_nav_desktop-drawer__body-inner-container__oQV64"><div id="dropdown-body-why-asana" class="_nav_dropdown-body__0TBLP"><div class="_nav_dropdown-body__left-container__wJ3jx"><div class="_nav_desktop-drawer-section__9FiqV"><span class="_nav_desktop-drawer-section__name__5MOqu">PLATFORM</span><div class="_nav_desktop-drawer-section__items-area__v_s35"><ul><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/product"><div class="_nav_card-link__name__ADncl"><span>Product overview</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/features"><div class="_nav_card-link__name__ADncl"><span>All features</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/whats-new"><div class="_nav_card-link__name__ADncl"><span>Latest feature release</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/apps"><div class="_nav_card-link__name__ADncl"><span>App integrations</span></div></a></li></ul></div></div><div class="_nav_desktop-drawer-section__9FiqV _nav_desktop-drawer-section--span-two-columns__jod4j"><span class="_nav_desktop-drawer-section__name__5MOqu">CAPABILITIES</span><div class="_nav_desktop-drawer-section__items-area__v_s35 _nav_desktop-drawer-section__items-area--two-columns-grid__exA5V"><ul><li class="_nav_desktop-drawer-section__item__7HUrW _nav_desktop-drawer-section__item--pad-top__vP3qb"><a class="_nav_card-link__U1lGF" href="/features/project-management"><div class="_nav_card-link__name__ADncl _nav_card-link__name--pad-left__jtZAF _nav_card-link__name--is-bold___Uloi"><svg width="18" height="18" viewBox="0 0 16 16" xmlns="http://www.w3.org/2000/svg" role="graphics-symbol" aria-labelledby="project-icon-title-id" aria-hidden="true" fill="var(--lightmode-icon)" style="fill:var(--lightmode-icon)"><title id="project-icon-title-id">project icon</title><path d="M5 6.75C5.4 6.75 5.75 7.1 5.75 7.5C5.75 7.9 5.4 8.25 5 8.25C4.6 8.25 4.25 7.9 4.25 7.5C4.25 7.1 4.6 6.75 5 6.75ZM11.5 7H7.5C7.2 7 7 7.2 7 7.5C7 7.8 7.2 8 7.5 8H11.5C11.8 8 12 7.8 12 7.5C12 7.2 11.8 7 11.5 7ZM11.5 10H7.5C7.2 10 7 10.2 7 10.5C7 10.8 7.2 11 7.5 11H11.5C11.8 11 12 10.8 12 10.5C12 10.2 11.8 10 11.5 10ZM5 9.75C5.4 9.75 5.75 10.1 5.75 10.5C5.75 10.9 5.4 11.25 5 11.25C4.6 11.25 4.25 10.9 4.25 10.5C4.25 10.1 4.6 9.75 5 9.75ZM12 1H10.9C10.7 0.4 10.15 0 9.5 0H6.5C5.85 0 5.3 0.4 5.1 1H4C2.35 1 1 2.35 1 4V13C1 14.65 2.35 16 4 16H12C13.65 16 15 14.65 15 13V4C15 2.35 13.65 1 12 1ZM6.5 1H9.5C9.8 1 10 1.2 10 1.5V2.5C10 2.8 9.8 3 9.5 3H6.5C6.2 3 6 2.8 6 2.5V1.5C6 1.2 6.2 1 6.5 1ZM14 13C14 14.1 13.1 15 12 15H4C2.9 15 2 14.1 2 13V4C2 2.9 2.9 2 4 2H5V2.5C5 3.35 5.65 4 6.5 4H9.5C10.35 4 11 3.35 11 2.5V2H12C13.1 2 14 2.9 14 4V13Z"></path></svg><span>Project management</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW _nav_desktop-drawer-section__item--pad-top__vP3qb"><a class="_nav_card-link__U1lGF" href="/features/goals-reporting"><div class="_nav_card-link__name__ADncl _nav_card-link__name--pad-left__jtZAF _nav_card-link__name--is-bold___Uloi"><svg width="18" height="18" viewBox="0 0 16 16" xmlns="http://www.w3.org/2000/svg" role="graphics-symbol" aria-labelledby="goal-icon-title-id" aria-hidden="true" fill="var(--lightmode-icon)" style="fill:var(--lightmode-icon)"><title id="goal-icon-title-id">goal icon</title><path d="M14.8417 13.2322L11.7917 8.53223C12.5417 7.68223 12.9917 6.53223 12.9917 5.28223C12.9917 2.53223 10.7417 0.282227 7.99167 0.282227C5.24167 0.332227 2.99167 2.58223 2.99167 5.33223C2.99167 6.58223 3.44167 7.68223 4.19167 8.58223L1.14167 13.2822C0.741673 13.8822 0.691673 14.6822 1.04167 15.3322C1.39167 15.9822 2.04167 16.3822 2.79167 16.3822H13.1917C13.9417 16.3822 14.5917 15.9822 14.9417 15.3322C15.2917 14.6322 15.2917 13.8822 14.8417 13.2322ZM3.99167 5.33223C3.99167 3.13223 5.79167 1.33223 7.99167 1.33223C10.1917 1.33223 11.9917 3.13223 11.9917 5.33223C11.9917 6.23223 11.6917 7.03223 11.2417 7.68223L9.69167 5.28223C9.34167 4.73223 8.69167 4.38223 8.04167 4.38223C7.34167 4.38223 6.74167 4.73223 6.39167 5.28223L4.84167 7.68223C4.29167 7.03223 3.99167 6.23223 3.99167 5.33223ZM10.5417 8.43223C9.84167 8.98223 8.94167 9.33223 7.99167 9.33223C7.04167 9.33223 6.14167 8.98223 5.44167 8.43223L7.14167 5.83223C7.34167 5.53223 7.64167 5.38223 7.99167 5.38223C8.34167 5.38223 8.64167 5.53223 8.84167 5.83223L10.5417 8.43223ZM14.0917 14.8322C13.8917 15.1822 13.5917 15.3322 13.1917 15.3322H2.79167C2.44167 15.3322 2.09167 15.1322 1.89167 14.8322C1.69167 14.4822 1.74167 14.1322 1.94167 13.8322L4.89167 9.33223C5.74167 9.98223 6.79167 10.3822 7.99167 10.3822C9.14167 10.3822 10.2417 9.98223 11.0917 9.33223L14.0417 13.8322C14.2417 14.0822 14.2417 14.4822 14.0917 14.8322Z"></path></svg><span>Goals and reporting</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW _nav_desktop-drawer-section__item--pad-top__vP3qb"><a class="_nav_card-link__U1lGF" href="/product/ai"><div class="_nav_card-link__name__ADncl _nav_card-link__name--pad-left__jtZAF _nav_card-link__name--is-bold___Uloi"><svg width="18" height="18" viewBox="0 0 16 16" xmlns="http://www.w3.org/2000/svg" role="graphics-symbol" aria-labelledby="asana-intelligence-icon-title-id" aria-hidden="true" fill="var(--lightmode-icon)" style="fill:var(--lightmode-icon)"><title id="asana-intelligence-icon-title-id">asana-intelligence icon</title><path d="M11.082 0.0429688H12.668V0.496094C12.668 1.00684 12.8709 1.49667 13.232 1.85783C13.5932 2.21898 14.083 2.42187 14.5937 2.42187H15.0469V4.00781H14.5937C14.083 4.00781 13.5932 4.21071 13.232 4.57186C12.8709 4.93301 12.668 5.42284 12.668 5.93359V6.38672H11.082V5.93359C11.082 5.42284 10.8791 4.93301 10.518 4.57186C10.1568 4.21071 9.667 4.00781 9.15625 4.00781H8.70312V2.42187H9.15625C9.667 2.42187 10.1568 2.21898 10.518 1.85783C10.8791 1.49667 11.082 1.00684 11.082 0.496094V0.0429688ZM11.875 1.28908C11.7429 1.74202 11.4984 2.15902 11.1588 2.49864C10.8192 2.83826 10.4022 3.08272 9.94923 3.21485C10.4022 3.34697 10.8192 3.59142 11.1588 3.93104C11.4984 4.27067 11.7429 4.68767 11.875 5.14061C12.0071 4.68767 12.2516 4.27067 12.5912 3.93104C12.9308 3.59142 13.3478 3.34697 13.8008 3.21485C13.3478 3.08272 12.9308 2.83826 12.5912 2.49864C12.2516 2.15902 12.0071 1.74202 11.875 1.28908ZM3.71875 2.76172H5.53125V3.21484C5.53125 4.1524 5.79037 4.81557 6.21982 5.24502C6.64927 5.67447 7.31244 5.93359 8.25 5.93359H8.70312V7.74609H8.25C7.31244 7.74609 6.64927 8.00522 6.21982 8.43466C5.79037 8.86411 5.53125 9.52729 5.53125 10.4648V10.918H3.71875V10.4648C3.71875 9.52996 3.45478 8.86624 3.02161 8.43561C2.58798 8.00452 1.92354 7.74609 1 7.74609H0.546875V5.93359H1C1.93756 5.93359 2.60073 5.67447 3.03018 5.24502C3.45963 4.81557 3.71875 4.1524 3.71875 3.21484V2.76172ZM4.60674 3.66797C4.53202 4.57003 4.22691 5.32992 3.67099 5.88584C3.11507 6.44176 2.35518 6.74686 1.45312 6.82158V6.85849C2.34592 6.93393 3.10362 7.23926 3.66054 7.79291C4.2189 8.34801 4.53014 9.10769 4.60639 10.0117H4.64326C4.71798 9.10966 5.02309 8.34977 5.57901 7.79385C6.13493 7.23793 6.89482 6.93282 7.79687 6.85811V6.82158C6.89482 6.74686 6.13493 6.44176 5.57901 5.88584C5.02309 5.32992 4.71798 4.57003 4.64326 3.66797H4.60674ZM9.26953 9.10547H10.8555V9.55859C10.8555 10.0693 11.0584 10.5592 11.4195 10.9203C11.7807 11.2815 12.2705 11.4844 12.7812 11.4844H13.2344V13.0703H12.7812C12.2705 13.0703 11.7807 13.2732 11.4195 13.6344C11.0584 13.9955 10.8555 14.4853 10.8555 14.9961V15.4492H9.26953V14.9961C9.26953 14.4853 9.06664 13.9955 8.70548 13.6344C8.34433 13.2732 7.8545 13.0703 7.34375 13.0703H6.89062V11.4844H7.34375C7.8545 11.4844 8.34433 11.2815 8.70548 10.9203C9.06664 10.5592 9.26953 10.0693 9.26953 9.55859V9.10547ZM10.0625 10.3516C9.93038 10.8045 9.68592 11.2215 9.3463 11.5611C9.00668 11.9008 8.58968 12.1452 8.13673 12.2773C8.58968 12.4095 9.00668 12.6539 9.3463 12.9935C9.68592 13.3332 9.93038 13.7502 10.0625 14.2031C10.1946 13.7502 10.4391 13.3332 10.7787 12.9935C11.1183 12.6539 11.5353 12.4095 11.9883 12.2773C11.5353 12.1452 11.1183 11.9008 10.7787 11.5611C10.4391 11.2215 10.1946 10.8045 10.0625 10.3516Z"></path></svg><span>Asana AI</span></div></a></li></ul><ul><li class="_nav_desktop-drawer-section__item__7HUrW _nav_desktop-drawer-section__item--pad-top__vP3qb"><a class="_nav_card-link__U1lGF" href="/features/workflow-automation"><div class="_nav_card-link__name__ADncl _nav_card-link__name--pad-left__jtZAF _nav_card-link__name--is-bold___Uloi"><svg width="18" height="18" viewBox="0 0 16 16" xmlns="http://www.w3.org/2000/svg" role="graphics-symbol" aria-labelledby="workflow-icon-title-id" aria-hidden="true" fill="var(--lightmode-icon)" style="fill:var(--lightmode-icon)"><title id="workflow-icon-title-id">workflow icon</title><path d="M11.625 5.87256H13.625C14.45 5.87256 15.125 5.19756 15.125 4.37256V2.37256C15.125 1.54756 14.45 0.872559 13.625 0.872559H11.625C10.8 0.872559 10.125 1.54756 10.125 2.37256V2.87256H6.325C6.09 1.59256 4.97 0.622559 3.625 0.622559C2.11 0.622559 0.875 1.85756 0.875 3.37256C0.875 4.71756 1.845 5.83756 3.125 6.07256V9.87256H2.625C1.8 9.87256 1.125 10.5476 1.125 11.3726V13.3726C1.125 14.1976 1.8 14.8726 2.625 14.8726H4.625C5.45 14.8726 6.125 14.1976 6.125 13.3726V12.8726H13.425L11.77 14.5276C11.575 14.7226 11.575 15.0376 11.77 15.2326C11.87 15.3326 11.995 15.3776 12.125 15.3776C12.255 15.3776 12.38 15.3276 12.48 15.2326L14.98 12.7326C15.08 12.6326 15.125 12.5026 15.125 12.3776C15.125 12.3776 15.125 12.3776 15.125 12.3726C15.125 12.2226 15.055 12.0926 14.955 12.0026L12.47 9.51756C12.275 9.32256 11.96 9.32256 11.765 9.51756C11.57 9.71256 11.57 10.0276 11.765 10.2226L13.41 11.8726H6.125V11.3726C6.125 10.5476 5.45 9.87256 4.625 9.87256H4.125V6.07256C5.24 5.86756 6.12 4.98756 6.325 3.87256H10.125V4.37256C10.125 5.19756 10.8 5.87256 11.625 5.87256ZM11.125 2.37256C11.125 2.09756 11.35 1.87256 11.625 1.87256H13.625C13.9 1.87256 14.125 2.09756 14.125 2.37256V4.37256C14.125 4.64756 13.9 4.87256 13.625 4.87256H11.625C11.35 4.87256 11.125 4.64756 11.125 4.37256V2.37256ZM4.625 10.8726C4.9 10.8726 5.125 11.0976 5.125 11.3726V13.3726C5.125 13.6476 4.9 13.8726 4.625 13.8726H2.625C2.35 13.8726 2.125 13.6476 2.125 13.3726V11.3726C2.125 11.0976 2.35 10.8726 2.625 10.8726H4.625ZM3.625 5.12256C2.66 5.12256 1.875 4.33756 1.875 3.37256C1.875 2.40756 2.66 1.62256 3.625 1.62256C4.59 1.62256 5.375 2.40756 5.375 3.37256C5.375 4.33756 4.59 5.12256 3.625 5.12256Z"></path></svg><span>Workflows and automation</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW _nav_desktop-drawer-section__item--pad-top__vP3qb"><a class="_nav_card-link__U1lGF" href="/features/resource-management"><div class="_nav_card-link__name__ADncl _nav_card-link__name--pad-left__jtZAF _nav_card-link__name--is-bold___Uloi"><svg width="18" height="18" viewBox="0 0 16 16" xmlns="http://www.w3.org/2000/svg" role="graphics-symbol" aria-labelledby="portfolio-icon-title-id" aria-hidden="true" fill="var(--lightmode-icon)" style="fill:var(--lightmode-icon)"><title id="portfolio-icon-title-id">portfolio icon</title><path fill-rule="evenodd" d="M14.5 4c.85 0 1.5.65 1.5 1.5v7c0 1.4-1.1 2.5-2.5 2.5h-11C1.1 15 0 13.9 0 12.5v-10C0 1.65.65 1 1.5 1h4.6c.2 0 .35.1.45.25L7.6 3.2c.25.5.75.8 1.3.8h5.6Zm.5 1.5v7c0 .85-.65 1.5-1.5 1.5h-11c-.85 0-1.5-.65-1.5-1.5V5h13.5c.3 0 .5.2.5.5ZM6.9 4c-.1-.1-.15-.2-.2-.3L5.8 2H1.5c-.3 0-.5.2-.5.5V4h5.9Z" clip-rule="evenodd"></path></svg><span>Resource management</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW _nav_desktop-drawer-section__item--pad-top__vP3qb"><a class="_nav_card-link__U1lGF" href="/features/admin-security/"><div class="_nav_card-link__name__ADncl _nav_card-link__name--pad-left__jtZAF _nav_card-link__name--is-bold___Uloi"><svg width="18" height="18" viewBox="0 0 16 16" xmlns="http://www.w3.org/2000/svg" role="graphics-symbol" aria-labelledby="my-task-icon-title-id" aria-hidden="true" fill="var(--lightmode-icon)" style="fill:var(--lightmode-icon)"><title id="my-task-icon-title-id">my-task icon</title><path d="M7.975 8.5c2.2 0 4-1.8 4-4s-1.8-4-4-4-4 1.8-4 4 1.8 4 4 4Zm0-7c1.65 0 3 1.35 3 3s-1.35 3-3 3-3-1.35-3-3 1.35-3 3-3Zm6.5 10.9c-.3 0-.5.2-.5.5V15c0 .3.2.5.5.5s.5-.2.5-.5v-2.1c0-.3-.2-.5-.5-.5Zm-2.4-2.4c0-.3-.2-.5-.5-.5h-7.2c-1.9 0-3.4 1.5-3.4 3.4V15c0 .3.2.5.5.5s.5-.2.5-.5v-2.1c0-1.3 1.1-2.4 2.4-2.4h7.2c.3 0 .5-.2.5-.5Zm2.8-.4c-.2-.2-.5-.2-.7 0l-4.05 4.05-1.35-1.35c-.2-.2-.5-.2-.7 0-.2.2-.2.5 0 .7l1.7 1.7c.1.1.2.15.35.15.15 0 .25-.05.35-.15l4.4-4.4c.2-.2.2-.5 0-.7Z"></path></svg><span>Admin and security</span></div></a></li></ul></div></div></div><div class="_nav_dropdown-body__right-container__mnSYq"><div class="_nav_desktop-drawer-section__9FiqV"><span class="_nav_desktop-drawer-section__name__5MOqu">ALL PLANS</span><div class="_nav_desktop-drawer-section__items-area__v_s35"><ul><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/pricing"><div class="_nav_card-link__name__ADncl _nav_card-link__name--pad-left__jtZAF"><svg width="18" height="18" viewBox="0 0 16 16" xmlns="http://www.w3.org/2000/svg" role="graphics-symbol" aria-labelledby="list-icon-title-id" aria-hidden="true" fill="#646F79" style="fill:#646F79"><title id="list-icon-title-id">list icon</title><path d="M13 1.5H3C1.35 1.5 0 2.85 0 4.5V11.5C0 13.15 1.35 14.5 3 14.5H13C14.65 14.5 16 13.15 16 11.5V4.5C16 2.85 14.65 1.5 13 1.5ZM15 11.5C15 12.6 14.1 13.5 13 13.5H3C1.9 13.5 1 12.6 1 11.5V4.5C1 3.4 1.9 2.5 3 2.5H13C14.1 2.5 15 3.4 15 4.5V11.5ZM13 5C13 5.3 12.8 5.5 12.5 5.5H6.5C6.2 5.5 6 5.3 6 5C6 4.7 6.2 4.5 6.5 4.5H12.5C12.8 4.5 13 4.7 13 5ZM6 8C6 7.7 6.2 7.5 6.5 7.5H9.5C9.8 7.5 10 7.7 10 8C10 8.3 9.8 8.5 9.5 8.5H6.5C6.2 8.5 6 8.3 6 8ZM12 11C12 11.3 11.8 11.5 11.5 11.5H6.5C6.2 11.5 6 11.3 6 11C6 10.7 6.2 10.5 6.5 10.5H11.5C11.8 10.5 12 10.7 12 11ZM4.6 5C4.6 5.35 4.35 5.6 4 5.6C3.65 5.6 3.4 5.35 3.4 5C3.4 4.65 3.65 4.4 4 4.4C4.35 4.4 4.6 4.65 4.6 5ZM4.6 8C4.6 8.35 4.35 8.6 4 8.6C3.65 8.6 3.4 8.35 3.4 8C3.4 7.65 3.65 7.4 4 7.4C4.35 7.4 4.6 7.65 4.6 8ZM4.6 11C4.6 11.35 4.35 11.6 4 11.6C3.65 11.6 3.4 11.35 3.4 11C3.4 10.65 3.65 10.4 4 10.4C4.35 10.4 4.6 10.65 4.6 11Z"></path></svg><span>Personal</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/plan/starter"><div class="_nav_card-link__name__ADncl _nav_card-link__name--pad-left__jtZAF"><svg width="18" height="18" viewBox="0 0 16 16" xmlns="http://www.w3.org/2000/svg" role="graphics-symbol" aria-labelledby="premium-icon-title-id" aria-hidden="true" fill="rgb(147, 140, 225)" style="fill:rgb(147, 140, 225)"><title id="premium-icon-title-id">premium icon</title><path d="M13.5 6.48755C13.5 3.43755 11.05 0.987549 8 0.987549C4.95 0.987549 2.5 3.43755 2.5 6.48755C2.5 7.93755 3.05 9.28755 4 10.2375V16.4875C4 16.6875 4.1 16.8375 4.25 16.9375C4.4 17.0375 4.6 17.0375 4.75 16.9375L8 15.0875L11.25 16.9375C11.35 16.9875 11.4 16.9875 11.5 16.9875C11.6 16.9875 11.65 16.9875 11.75 16.9375C11.9 16.8375 12 16.6875 12 16.4875V10.2375C12.95 9.28755 13.5 7.93755 13.5 6.48755ZM8 1.98755C10.5 1.98755 12.5 3.98755 12.5 6.48755C12.5 8.98755 10.5 10.9875 8 10.9875C5.5 10.9875 3.5 8.98755 3.5 6.48755C3.5 3.98755 5.5 1.98755 8 1.98755ZM8.25 14.0375C8.1 13.9375 7.9 13.9375 7.75 14.0375L5 15.6375V11.0875C5.85 11.6375 6.9 11.9875 8 11.9875C9.1 11.9875 10.15 11.6375 11 11.0875V15.6375L8.25 14.0375Z"></path></svg><span>Starter</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/plan/advanced"><div class="_nav_card-link__name__ADncl _nav_card-link__name--pad-left__jtZAF"><svg width="18" height="18" viewBox="0 0 16 16" xmlns="http://www.w3.org/2000/svg" role="graphics-symbol" aria-labelledby="briefcase-icon-title-id" aria-hidden="true" fill="rgb(93, 162, 131)" style="fill:rgb(93, 162, 131)"><title id="briefcase-icon-title-id">briefcase icon</title><path d="M4 13.5V5.5H5V13.5H11V5.5H12V13.5H13C13.5523 13.5 14 13.0523 14 12.5V6.5C14 5.94772 13.5523 5.5 13 5.5H11H5H3C2.44772 5.5 2 5.94772 2 6.5V12.5C2 13.0523 2.44772 13.5 3 13.5H4ZM5 4.5V3.5C5 2.39543 5.89543 1.5 7 1.5H9C10.1046 1.5 11 2.39543 11 3.5V4.5H13C14.1046 4.5 15 5.39543 15 6.5V12.5C15 13.6046 14.1046 14.5 13 14.5H3C1.89543 14.5 1 13.6046 1 12.5V6.5C1 5.39543 1.89543 4.5 3 4.5H5ZM6 4.5H10V3.5C10 2.94772 9.55229 2.5 9 2.5H7C6.44772 2.5 6 2.94772 6 3.5V4.5Z"></path></svg><span>Advanced</span></div></a></li></ul></div></div></div></div><div id="dropdown-body-solutions" class="_nav_dropdown-body__0TBLP"><div class="_nav_dropdown-body__left-container__wJ3jx"><div class="_nav_desktop-drawer-section__9FiqV"><span class="_nav_desktop-drawer-section__name__5MOqu">Teams</span><div class="_nav_desktop-drawer-section__items-area__v_s35"><ul><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/teams/operations"><div class="_nav_card-link__name__ADncl"><span>Operations</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/teams/marketing"><div class="_nav_card-link__name__ADncl"><span>Marketing</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/teams/it"><div class="_nav_card-link__name__ADncl"><span>IT</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/teams/leaders"><div class="_nav_card-link__name__ADncl"><span>Leaders</span></div></a></li></ul></div></div><div class="_nav_desktop-drawer-section__9FiqV"><span class="_nav_desktop-drawer-section__name__5MOqu">Industries</span><div class="_nav_desktop-drawer-section__items-area__v_s35"><ul><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/industry/healthcare"><div class="_nav_card-link__name__ADncl"><span>Healthcare</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/industry/retail"><div class="_nav_card-link__name__ADncl"><span>Retail</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/industry/education"><div class="_nav_card-link__name__ADncl"><span>Education</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/industry/nonprofit"><div class="_nav_card-link__name__ADncl"><span>Nonprofit</span></div></a></li></ul></div></div><div class="_nav_desktop-drawer-section__9FiqV"><span class="_nav_desktop-drawer-section__name__5MOqu">Use Cases</span><div class="_nav_desktop-drawer-section__items-area__v_s35"><ul><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/uses/goal-management"><div class="_nav_card-link__name__ADncl"><span>Goal management</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/uses/organizational-planning"><div class="_nav_card-link__name__ADncl"><span>Organizational planning</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/uses/project-intake"><div class="_nav_card-link__name__ADncl"><span>Project intake</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/uses/resource-planning"><div class="_nav_card-link__name__ADncl"><span>Resource planning</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/uses/product-launch"><div class="_nav_card-link__name__ADncl"><span>Product launches</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/uses"><div class="_nav_card-link__name__ADncl _nav_card-link__name--is-bold___Uloi"><span>View all use cases</span><svg width="14" height="14" viewBox="0 0 16 16" xmlns="http://www.w3.org/2000/svg" role="graphics-symbol" aria-labelledby="arrow-right-icon-title-id" aria-hidden="true" fill="var(--lightmode-icon)" style="fill:var(--lightmode-icon)"><title id="arrow-right-icon-title-id">arrow-right icon</title><path fill="currentColor" d="M1.9877 7.23745H12.1877L8.4877 3.53745C8.1877 3.23745 8.1877 2.78745 8.4877 2.48745C8.7877 2.18745 9.2377 2.18745 9.5377 2.48745L14.5377 7.48745C14.8377 7.78745 14.8377 8.23745 14.5377 8.53745L9.5377 13.5375C9.3877 13.6875 9.1877 13.7375 8.9877 13.7375C8.7877 13.7375 8.5877 13.6875 8.4377 13.5375C8.13769 13.2375 8.13769 12.7875 8.4377 12.4875L12.1377 8.78745H1.9877C1.5877 8.78745 1.2377 8.43745 1.2377 8.03745C1.2377 7.63745 1.5877 7.23745 1.9877 7.23745Z"></path></svg></div></a></li></ul></div></div></div><div class="_nav_dropdown-body__right-container__mnSYq"><div class="_nav_desktop-drawer-section__9FiqV"><span class="_nav_desktop-drawer-section__name__5MOqu">Featured Reads</span><div class="_nav_desktop-drawer-section__items-area__v_s35"><ul><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-resource__vYrMj" href="https://resources.asana.com/asana-intelligence-demo?utm_medium=web&utm_source=megamenu&utm_campaign=ai24-demo"><img class="_nav_card-resource__image__K5HZI" alt="" style="opacity:0"/><noscript><img src="https://assets.asana.biz/m/3c783c71ef817d3e/original/WEBINAR-PNG-24AI-ON_DEMAND-800x512-v2.png" alt=""/></noscript><div class="_nav_card-resource__right-container__XsQMk"><span class="_nav_card-resource__category__ctFl5">Demo</span><span class="_nav_card-resource__label__giwhF">AI has joined the team</span><span class="_nav_card-resource__cta-text__7UTMu">Watch now<svg width="14" height="14" viewBox="0 0 16 16" xmlns="http://www.w3.org/2000/svg" role="graphics-symbol" aria-labelledby="arrow-right-icon-title-id" aria-hidden="false" fill="var(--lightmode-icon)" style="fill:var(--lightmode-icon)"><title id="arrow-right-icon-title-id">arrow-right icon</title><path fill="currentColor" d="M1.9877 7.23745H12.1877L8.4877 3.53745C8.1877 3.23745 8.1877 2.78745 8.4877 2.48745C8.7877 2.18745 9.2377 2.18745 9.5377 2.48745L14.5377 7.48745C14.8377 7.78745 14.8377 8.23745 14.5377 8.53745L9.5377 13.5375C9.3877 13.6875 9.1877 13.7375 8.9877 13.7375C8.7877 13.7375 8.5877 13.6875 8.4377 13.5375C8.13769 13.2375 8.13769 12.7875 8.4377 12.4875L12.1377 8.78745H1.9877C1.5877 8.78745 1.2377 8.43745 1.2377 8.03745C1.2377 7.63745 1.5877 7.23745 1.9877 7.23745Z"></path></svg></span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-resource__vYrMj" href="https://asana.com/resources/state-of-ai-work?utm_medium=web&utm_source=nav&utm_campaign=soai25"><img class="_nav_card-resource__image__K5HZI" alt="" style="opacity:0"/><noscript><img src="https://assets.asana.biz/m/4bfad42502bff345/original/05-31-2024-State-of-AI-at-Work-Hero-Image.png" alt=""/></noscript><div class="_nav_card-resource__right-container__XsQMk"><span class="_nav_card-resource__category__ctFl5">Report</span><span class="_nav_card-resource__label__giwhF">The State of AI at Work 2024 - The Work Innovation Lab</span><span class="_nav_card-resource__cta-text__7UTMu">Read more<svg width="14" height="14" viewBox="0 0 16 16" xmlns="http://www.w3.org/2000/svg" role="graphics-symbol" aria-labelledby="arrow-right-icon-title-id" aria-hidden="false" fill="var(--lightmode-icon)" style="fill:var(--lightmode-icon)"><title id="arrow-right-icon-title-id">arrow-right icon</title><path fill="currentColor" d="M1.9877 7.23745H12.1877L8.4877 3.53745C8.1877 3.23745 8.1877 2.78745 8.4877 2.48745C8.7877 2.18745 9.2377 2.18745 9.5377 2.48745L14.5377 7.48745C14.8377 7.78745 14.8377 8.23745 14.5377 8.53745L9.5377 13.5375C9.3877 13.6875 9.1877 13.7375 8.9877 13.7375C8.7877 13.7375 8.5877 13.6875 8.4377 13.5375C8.13769 13.2375 8.13769 12.7875 8.4377 12.4875L12.1377 8.78745H1.9877C1.5877 8.78745 1.2377 8.43745 1.2377 8.03745C1.2377 7.63745 1.5877 7.23745 1.9877 7.23745Z"></path></svg></span></div></a></li></ul></div></div></div></div><div id="dropdown-body-resources" class="_nav_dropdown-body__0TBLP"><div class="_nav_dropdown-body__left-container__wJ3jx"><div class="_nav_desktop-drawer-section__9FiqV"><span class="_nav_desktop-drawer-section__name__5MOqu">Learn</span><div class="_nav_desktop-drawer-section__items-area__v_s35"><ul><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="https://help.asana.com"><div class="_nav_card-link__name__ADncl"><span>Help Center</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="https://academy.asana.com"><div class="_nav_card-link__name__ADncl"><span>Asana Academy</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/certifications"><div class="_nav_card-link__name__ADncl"><span>Certifications</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="https://forum.asana.com"><div class="_nav_card-link__name__ADncl"><span>Forums</span></div></a></li></ul></div></div><div class="_nav_desktop-drawer-section__9FiqV"><span class="_nav_desktop-drawer-section__name__5MOqu">Discover</span><div class="_nav_desktop-drawer-section__items-area__v_s35"><ul><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/resources"><div class="_nav_card-link__name__ADncl"><span>Work management hub</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/customers"><div class="_nav_card-link__name__ADncl"><span>Customer stories</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/events"><div class="_nav_card-link__name__ADncl"><span>Events</span></div></a></li></ul></div></div><div class="_nav_desktop-drawer-section__9FiqV"><span class="_nav_desktop-drawer-section__name__5MOqu">SUPPORT & SERVICES</span><div class="_nav_desktop-drawer-section__items-area__v_s35"><ul><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="https://help.asana.com/s/#chat"><div class="_nav_card-link__name__ADncl"><span>Get support</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/developers"><div class="_nav_card-link__name__ADncl"><span>Developer support</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/partners"><div class="_nav_card-link__name__ADncl"><span>Partners</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/customer-success"><div class="_nav_card-link__name__ADncl"><span>Customer Success</span></div></a></li></ul></div></div></div><div class="_nav_dropdown-body__right-container__mnSYq"><div class="_nav_desktop-drawer-section__9FiqV"><span class="_nav_desktop-drawer-section__name__5MOqu">Templates</span><div class="_nav_desktop-drawer-section__items-area__v_s35"><ul><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/templates/cross-functional-project-plan"><div class="_nav_card-link__name__ADncl"><span>Project plans</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/templates/team-goals-planning-example"><div class="_nav_card-link__name__ADncl"><span>Team goals & objectives</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/templates/business-continuity-plan"><div class="_nav_card-link__name__ADncl"><span>Team continuity</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/templates/qbr-meeting-agenda"><div class="_nav_card-link__name__ADncl"><span>Meeting agenda</span></div></a></li><li class="_nav_desktop-drawer-section__item__7HUrW"><a class="_nav_card-link__U1lGF" href="/templates"><div class="_nav_card-link__name__ADncl 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e5kwoqa1"><svg class="css-1nbnd85 e5kwoqa0" xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 12 12"><path d="M6.26154.536743l-.85527.820367 3.84 3.97963H.676086v1.32655H9.24627l-3.84 3.97961.85527.8204 5.06186-5.28874v-.34909L6.26154.536743z"></path></svg>Types of feasibility studies</a></li><li><a href="#feasibility-assessment-checklist" class="css-39cf8k-p3 e5kwoqa1"><svg class="css-1nbnd85 e5kwoqa0" xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 12 12"><path d="M6.26154.536743l-.85527.820367 3.84 3.97963H.676086v1.32655H9.24627l-3.84 3.97961.85527.8204 5.06186-5.28874v-.34909L6.26154.536743z"></path></svg>Feasibility assessment checklist</a></li><li><a href="#6-steps-to-conduct-a-feasibility-study" class="css-39cf8k-p3 e5kwoqa1"><svg class="css-1nbnd85 e5kwoqa0" xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 12 12"><path d="M6.26154.536743l-.85527.820367 3.84 3.97963H.676086v1.32655H9.24627l-3.84 3.97961.85527.8204 5.06186-5.28874v-.34909L6.26154.536743z"></path></svg>6 steps to conduct a feasibility study</a></li><li><a href="#feasibility-study-examples" class="css-39cf8k-p3 e5kwoqa1"><svg class="css-1nbnd85 e5kwoqa0" xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 12 12"><path d="M6.26154.536743l-.85527.820367 3.84 3.97963H.676086v1.32655H9.24627l-3.84 3.97961.85527.8204 5.06186-5.28874v-.34909L6.26154.536743z"></path></svg>Feasibility study examples</a></li><li><a href="#which-phase-of-the-project-management-process-involves-feasibility-studies" class="css-39cf8k-p3 e5kwoqa1"><svg class="css-1nbnd85 e5kwoqa0" xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 12 12"><path d="M6.26154.536743l-.85527.820367 3.84 3.97963H.676086v1.32655H9.24627l-3.84 3.97961.85527.8204 5.06186-5.28874v-.34909L6.26154.536743z"></path></svg>Which phase of the project management process involves feasibility studies?</a></li><li><a href="#achieve-project-success-with-asana" class="css-39cf8k-p3 e5kwoqa1"><svg class="css-1nbnd85 e5kwoqa0" xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 12 12"><path d="M6.26154.536743l-.85527.820367 3.84 3.97963H.676086v1.32655H9.24627l-3.84 3.97961.85527.8204 5.06186-5.28874v-.34909L6.26154.536743z"></path></svg>Achieve project success with Asana</a></li></ol></nav><style data-emotion="css ooqcio">.css-ooqcio{position:relative;grid-column:1/-1;padding:24px 0 48px;}@media (min-width: 768px){.css-ooqcio{grid-column:4/span 7;}}@media (min-width: 1440px){.css-ooqcio{grid-column:3/span 8;}}@media (min-width: 768px){.css-ooqcio{padding:0 0 80px;}}</style><div class="css-ooqcio e1x5e4oa2"><style data-emotion="css scpm7b">.css-scpm7b{color:#0D0E10;-webkit-text-decoration:underline;text-decoration:underline;margin-bottom:16px;top:-9px;}</style><a href="/templates" class="cta-arrow-link css-scpm7b" title="View Templates">View Templates<div class="arrowPacman"><div class="arrowPacman-clip"><svg width="21px" height="14px" viewBox="0 0 21 14" 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auto;padding:0;margin-bottom:24px;}.css-i2qdm0>hr:not(:first-of-type){margin-top:16px;}.css-i2qdm0 .e1lx0a7x7{margin:0;margin:0 auto;padding:0;padding-bottom:24px;}.css-i2qdm0 .e1lx0a7x7:not(:first-of-type){padding-top:16px;}.css-i2qdm0 .eis99gl0{margin:0 auto;padding:0;padding-bottom:24px;}.css-i2qdm0 .eis99gl0:not(:first-of-type){padding-top:16px;}.css-i2qdm0 .e1nzrvca0{margin:0 auto;padding:0;margin-bottom:24px;}.css-i2qdm0 .e1nzrvca0:not(:first-of-type){margin-top:16px;}.css-i2qdm0 .e1iv4o8r0{margin:0 auto;padding:0;margin-bottom:24px;}.css-i2qdm0 .e1iv4o8r0:not(:first-of-type){margin-top:16px;}.css-i2qdm0 table th>p,.css-i2qdm0 table td>p{padding-bottom:0;}.css-i2qdm0 .e87a4mj2{padding:0;margin:16px auto;}</style><div class="e1x5e4oa0 css-i2qdm0 e10vhuws5"><style data-emotion="css 14vz9u5">.css-14vz9u5{margin:0 0 16px 0;padding:16px;border:solid 1px #CBD4DB;border-radius:3px;}.css-14vz9u5 p{margin-bottom:0;}</style><div class="css-14vz9u5 ela6qok3"><style data-emotion="css 1mrzl2f-heading-5">.css-1mrzl2f-heading-5{font-family:"TWK Lausanne","Helvetica Neue","Helvetica",sans-serif;font-size:18px;font-weight:500;line-height:140%;letter-spacing:0;margin-bottom:8px;}@media (min-width: 768px){.css-1mrzl2f-heading-5{font-size:24px;line-height:120%;}}</style><h3 class="css-1mrzl2f-heading-5 ela6qok1">Summary</h3><style data-emotion="css af9lzq">.css-af9lzq{display:grid;grid-gap:16px 32px;}</style><div class="css-af9lzq ela6qok2"><p>Conducting a feasibility study is an important step in successful project management. By evaluating the viability of a proposed project, a feasibility study helps you identify potential challenges and opportunities, ensuring you make informed decisions. In this guide, we’ll walk you through how to conduct a feasibility study with practical templates and real-world examples, designed for project managers seeking to optimize their project planning process.</p></div></div><p>It can be exciting to run a large, complex project that has a huge potential impact on your organization. On the one hand, you’re driving real change. On the other hand, failure is intimidating. </p><p>That’s where a feasibility study comes in. If you’ve never used a feasibility study for <style data-emotion="css qzfvjq-link-2-inline-regular">.css-qzfvjq-link-2-inline-regular{background-color:transparent;cursor:pointer;font-weight:inherit;-webkit-text-decoration:none;text-decoration:none;position:relative;color:inherit;-webkit-text-decoration:underline;text-decoration:underline;font-family:"TWK Lausanne","Helvetica Neue","Helvetica",sans-serif;font-size:14px;font-weight:500;line-height:150%;letter-spacing:0;font-size:inherit!important;font-weight:inherit!important;line-height:inherit!important;font-family:inherit;color:inherit;text-underline-offset:4px;text-decoration-thickness:1px!important;}.css-qzfvjq-link-2-inline-regular:hover{color:var(--lightmode-link-hover);-webkit-text-decoration:none;text-decoration:none;}.css-qzfvjq-link-2-inline-regular:hover path{fill:var(--lightmode-link-hover);}.css-qzfvjq-link-2-inline-regular 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Neue","Helvetica",sans-serif;font-size:14px;font-weight:500;line-height:150%;letter-spacing:0;font-size:inherit!important;font-weight:inherit!important;line-height:inherit!important;font-family:inherit;color:inherit;text-underline-offset:4px;text-decoration-thickness:1px!important;}.css-ph5of6-link-2-inline-regular:hover{color:var(--lightmode-link-hover);-webkit-text-decoration:none;text-decoration:none;}.css-ph5of6-link-2-inline-regular:hover path{fill:var(--lightmode-link-hover);}.css-ph5of6-link-2-inline-regular svg{height:10px;padding-left:4px;}.css-ph5of6-link-2-inline-regular:hover{border:none;color:var(--lightmode-link-hover);-webkit-text-decoration:underline;text-decoration:underline;}@media (min-width: 768px){.css-ph5of6-link-2-inline-regular{font-size:16px;}}.css-ph5of6-link-2-inline-regular>u{text-decoration-thickness:1px!important;}.css-ph5of6-link-2-inline-regular:hover,.css-ph5of6-link-2-inline-regular:hover u{color:var(--lightmode-link-text-weak-hover);}.css-ph5of6-link-2-inline-regular:active,.css-ph5of6-link-2-inline-regular:active u{color:inherit;}</style><a href="https://asana.com/resources/benefits-project-management" class="e10vhuws4 css-ph5of6-link-2-inline-regular">project management</a> before, this article will walk you through everything you need to know to get started. </p><style data-emotion="css 1tumojf">.css-1tumojf{grid-column:1/-1;border-radius:8px;background-color:var(--lightmode-accent-purple-light);}.css-1tumojf h5,.css-1tumojf .e1iv4o8r4{color:var(--lightmode-text-strong);}</style><div class="css-1tumojf e1iv4o8r0"><style data-emotion="css 1y4tr9t">.css-1y4tr9t{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-flex-flow:column-reverse nowrap;-webkit-flex-flow:column-reverse nowrap;-ms-flex-flow:column-reverse nowrap;flex-flow:column-reverse nowrap;padding:16px;}@media (min-width: 1120px){.css-1y4tr9t{padding:0;-webkit-box-flex-flow:row nowrap;-webkit-flex-flow:row nowrap;-ms-flex-flow:row nowrap;flex-flow:row nowrap;-webkit-box-pack:justify;-webkit-justify-content:space-between;justify-content:space-between;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;}}</style><div class="css-1y4tr9t e1iv4o8r5"><style data-emotion="css mdakmq">.css-mdakmq{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-flex-flow:column nowrap;-webkit-flex-flow:column nowrap;-ms-flex-flow:column nowrap;flex-flow:column nowrap;-webkit-flex:1;-ms-flex:1;flex:1;}.css-mdakmq div:first-of-type{-webkit-flex:1;-ms-flex:1;flex:1;}.css-mdakmq h5{margin-bottom:8px;}.css-mdakmq .e1iv4o8r4{margin-bottom:24px!important;}@media (min-width: 1120px){.css-mdakmq{padding:24px;-webkit-box-flex-flow:row nowrap;-webkit-flex-flow:row nowrap;-ms-flex-flow:row nowrap;flex-flow:row nowrap;width:100%;-webkit-box-pack:justify;-webkit-justify-content:space-between;justify-content:space-between;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;}.css-mdakmq .e1iv4o8r4{margin-bottom:0!important;}}</style><div class="css-mdakmq e1iv4o8r1"><div><h5>See Asana in action</h5><style data-emotion="css nh1jjy-p2">.css-nh1jjy-p2{font-family:"TWK Lausanne","Helvetica Neue","Helvetica",sans-serif;font-size:14px;font-weight:300;line-height:150%;letter-spacing:0.02em;}@media (min-width: 768px){.css-nh1jjy-p2{font-size:16px;}}</style><p class="css-nh1jjy-p2 e1iv4o8r4">Drive clarity and impact at scale by connecting work and workflows to company-wide goals.</p></div><style data-emotion="css 3jpi69">.css-3jpi69 .e1cevdd10{padding-top:0;}</style><div class="css-3jpi69 e1iv4o8r2"><style data-emotion="css zagzpr-link-2">.css-zagzpr-link-2{height:auto;display:inline-block;font-family:"TWK Lausanne","Helvetica 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id="what-is-a-feasibility-study">What is a feasibility study? </h2><p>A feasibility study—sometimes called a feasibility analysis or feasibility report—is a way to evaluate whether or not a <a href="https://asana.com/resources/project-management-plan" class="e10vhuws4 css-ph5of6-link-2-inline-regular">project plan</a> could be successful. A feasibility study evaluates the practicality of your project plan in order to judge whether or not you’re able to move forward with the project. </p><p>It does so by answering two questions: </p><ul><li><p>Does our team have the required tools or resources to complete this project? </p></li><li><p>Will there be a high enough return on investment to make the project worth pursuing? </p></li></ul><h3 id="benefits-of-conducting-a-feasibility-study">Benefits of conducting a feasibility study</h3><p>There are several key benefits to conducting a feasibility study before launching a new project:</p><ul><li><p>Confirms market opportunities and the target market before investing significant resources</p></li><li><p>Identifies potential issues and risks early on</p></li><li><p>Provides in-depth data for better decision making on the proposed project's viability</p></li><li><p>Creates documentation on expected costs and benefits, including financial analysis</p></li><li><p>Obtains stakeholder buy-in by demonstrating due diligence</p></li></ul><p>Feasibility studies are important for projects that represent significant investments for your business. Projects that also have a large potential impact on your presence in the market may also require a feasibility assessment. </p><p>As the <a href="https://asana.com/resources/become-a-project-manager" class="e10vhuws4 css-ph5of6-link-2-inline-regular">project manager</a>, you may not be directly responsible for driving the feasibility study, but it’s important to know what these studies are. By understanding the different elements that go into a feasibility study, you can better support the team driving the feasibility study and ensure the best outcome for your project.</p><h2 id="when-should-you-conduct-a-feasibility-analysis">When should you conduct a feasibility analysis?</h2><p>A feasibility study should be conducted after the project has been pitched but before any work has actually started. The study is part of the project planning process. In fact, it’s often done in conjunction with a <a href="https://asana.com/resources/swot-analysis" class="e10vhuws4 css-ph5of6-link-2-inline-regular">SWOT analysis</a> or <a href="http://asana.com/resources/project-risk-management-process" class="e10vhuws4 css-ph5of6-link-2-inline-regular">project risk assessment</a>, depending on the specific project. </p><p><b>Feasibility studies help: </b></p><ul><li><p>Confirm market opportunities before committing to a project</p></li><li><p>Narrow your business alternatives</p></li><li><p>Create documentation about the benefits and disadvantages of your proposed initiative</p></li><li><p>Provide more information before making a go-or-no-go decision</p></li></ul><p><b>You likely don’t need a feasibility study if:</b></p><ul><li><p>You already know the project is feasible</p></li><li><p>You’ve run a similar project in the past</p></li><li><p>Your competitors are succeeding with a similar initiative in market</p></li><li><p>The project is small, straightforward, and has minimal long-term business impact</p></li><li><p>Your team ran a similar feasibility analysis within the past three years</p></li></ul><p>One thing to keep in mind is that a feasibility study is not a project pitch. During a project pitch, you’re evaluating whether or not the project is a good idea for your company and whether the goals of the project are in line with your overall strategic plan. Typically, once you’ve established that the project is a good idea, you'll run a feasibility study to confirm that the project is possible with the tools and resources you have at your disposal. </p><h2 id="types-of-feasibility-studies">Types of feasibility studies</h2><p>There are five main types of feasibility studies: technical feasibility, financial feasibility, market feasibility (or market fit), operational feasibility, and legal feasibility. Most comprehensive feasibility studies will include an assessment of all five of these areas.</p><h3 id="technical-feasibility">Technical feasibility</h3><p>A technical feasibility study reviews the technical resources available for your project. This study determines if you have the right equipment, enough equipment, and the right technical knowledge to complete your <a href="https://asana.com/resources/how-project-objectives" class="e10vhuws4 css-ph5of6-link-2-inline-regular">project objectives</a>. For example, if your project plan proposes creating 50,000 products per month, but you can only produce 30,000 products per month in your factories, this project isn’t technically feasible. </p><h3 id="financial-feasibility">Financial feasibility</h3><p>Financial feasibility describes whether or not your project is fiscally viable. A financial feasibility report includes a <a href="https://asana.com/resources/cost-benefit-analysis" class="e10vhuws4 css-ph5of6-link-2-inline-regular">cost-benefit analysis</a> of the project. It also forecasts an expected return on investment (ROI) and outlines any financial risks. The goal at the end of the financial feasibility study is to understand the economic benefits the project will drive. </p><h3 id="market-feasibility">Market feasibility</h3><p>The market feasibility study is an evaluation of how your team expects the project’s deliverables to perform in the market. This part of the report includes a market analysis, a market competition breakdown, and sales projections. </p><h3 id="operational-feasibility">Operational feasibility</h3><p>An operational feasibility study evaluates whether or not your organization is able to complete this project. This includes staffing requirements, organizational structure, and any applicable legal requirements. At the end of the operational feasibility study, your team will have a sense of whether or not you have the resources, skills, and competencies to complete this work. </p><h3 id="legal-feasibility">Legal feasibility</h3><p>A legal feasibility analysis assesses whether the proposed project complies with all relevant legal requirements and regulations. This includes examining legal and regulatory barriers, necessary permits, licenses, or certifications, potential legal liabilities or risks, and intellectual property considerations. The legal feasibility study ensures that the project can be completed without running afoul of any laws or incurring undue legal exposure for the organization.</p><style data-emotion="css 89xr04-p1-primary-regular">.css-89xr04-p1-primary-regular{border-radius:3px;font-weight:500;cursor:pointer;letter-spacing:0.5px;text-align:center;-webkit-text-decoration:none;text-decoration:none;-webkit-transition:background-color 150ms,color 150ms ease-in-out;transition:background-color 150ms,color 150ms ease-in-out;white-space:nowrap;display:block;color:white;background:#0D0E10;border:1px solid transparent;font-family:"TWK Lausanne","Helvetica Neue","Helvetica",sans-serif;font-size:15px;font-weight:300;line-height:150%;letter-spacing:0.02em;height:48px;padding:0 24px;color:white;margin:0 auto 16px auto;width:-webkit-fit-content;width:-moz-fit-content;width:fit-content;min-height:48px;height:auto;white-space:pre-wrap;line-height:32px;padding-top:8px;padding-bottom:8px;}.css-89xr04-p1-primary-regular:hover ,.css-89xr04-p1-primary-regular:focus {color:var(--lightmode-button-text-primary-hover);background:var(--lightmode-button-primary-hover);border:1px solid var(--lightmode-button-primary-hover);}@media (min-width: 768px){.css-89xr04-p1-primary-regular{font-size:20px;}}</style><style data-emotion="css 1j1ilq0-p1-primary-regular">.css-1j1ilq0-p1-primary-regular{border-radius:3px;font-weight:500;cursor:pointer;letter-spacing:0.5px;text-align:center;-webkit-text-decoration:none;text-decoration:none;-webkit-transition:background-color 150ms,color 150ms ease-in-out;transition:background-color 150ms,color 150ms ease-in-out;white-space:nowrap;display:block;color:white;background:#0D0E10;border:1px solid transparent;font-family:"TWK Lausanne","Helvetica Neue","Helvetica",sans-serif;font-size:15px;font-weight:300;line-height:150%;letter-spacing:0.02em;height:48px;padding:0 24px;color:white;margin:0 auto 16px auto;width:-webkit-fit-content;width:-moz-fit-content;width:fit-content;min-height:48px;height:auto;white-space:pre-wrap;line-height:32px;padding-top:8px;padding-bottom:8px;}.css-1j1ilq0-p1-primary-regular:hover ,.css-1j1ilq0-p1-primary-regular:focus {color:var(--lightmode-button-text-primary-hover);background:var(--lightmode-button-primary-hover);border:1px solid var(--lightmode-button-primary-hover);}@media (min-width: 768px){.css-1j1ilq0-p1-primary-regular{font-size:20px;}}</style><a href="/features/project-management" class="et8z7v0 css-1j1ilq0-p1-primary-regular" title="Try Asana for project management">Try Asana for project management</a><h2 id="feasibility-assessment-checklist">Feasibility assessment checklist</h2><p>Most feasibility studies are structured in a similar way. These documents serve as an assessment of the practicality of a proposed business idea. Creating a clear feasibility study helps project stakeholders during the decision making process. </p><p>The essential elements of a feasibility study are: </p><ul><li><p>An <a href="https://asana.com/resources/executive-summary-examples" class="e10vhuws4 css-ph5of6-link-2-inline-regular"><b>executive summary</b></a> describing the project’s overall viability</p></li><li><p>A <b>description of the product or service</b> being developed during this project</p></li><li><p>Any <b>technical considerations</b>, including technology, equipment, or staffing</p></li><li><p>The <b>market survey</b>, including a study of the current market and the marketing strategy </p></li><li><p>The <b>operational feasibility study</b> evaluates whether or not your team’s current organizational structure can support this initiative</p></li><li><p>The <a href="https://asana.com/resources/create-project-management-timeline-template" class="e10vhuws4 css-ph5of6-link-2-inline-regular"><b>project timeline</b></a></p></li><li><p><b>Financial projections</b> based on your financial feasibility report</p></li></ul><style data-emotion="css 12u5ihq">.css-12u5ihq{margin:0 0 16px 0;}</style><style data-emotion="css h65oso-link-3">.css-h65oso-link-3{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-box-pack:start;-ms-flex-pack:start;-webkit-justify-content:flex-start;justify-content:flex-start;color:var(--lightmode-link-text);-webkit-transition:all 0.3s;transition:all 0.3s;position:relative;font-family:"TWK Lausanne","Helvetica Neue","Helvetica",sans-serif;font-size:12px;font-weight:500;line-height:150%;letter-spacing:0;padding:0;margin:0 0 16px 0;}@media (min-width: 768px){.css-h65oso-link-3{font-size:13px;}}.css-h65oso-link-3:hover{border-bottom:0;color:var(--lightmode-link-hover);}.css-h65oso-link-3:hover path{fill:var(--lightmode-link-hover);}.css-h65oso-link-3:hover div{border-color:var(--lightmode-link-hover);}.css-h65oso-link-3:hover div:before{border-left-color:var(--lightmode-link-hover);}.css-h65oso-link-3:active{border-bottom:0;background-color:var(--lightmode-bg-active);color:var(--lightmode-link-text);}.css-h65oso-link-3:active path{fill:var(--lightmode-link-text);}.css-h65oso-link-3:active div{border-color:var(--lightmode-link-text);}.css-h65oso-link-3:active div:before{border-left-color:var(--lightmode-link-text);}</style><a class="et8z7v0 css-h65oso-link-3 e1koaidd0" href="/resources/executive-summary-examples">Read: How to write an executive summary, with examples<style data-emotion="css 1k6cidy">.css-1k6cidy{width:11px;height:11px;margin-left:8px;}.css-1k6cidy path{fill:currentColor;}</style><svg class="css-1k6cidy e1koaidd3" xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 12 12"><path d="M6.26154.536743l-.85527.820367 3.84 3.97963H.676086v1.32655H9.24627l-3.84 3.97961.85527.8204 5.06186-5.28874v-.34909L6.26154.536743z"></path></svg></a><h2 id="6-steps-to-conduct-a-feasibility-study">6 steps to conduct a feasibility study</h2><p>You likely won’t be conducting the feasibility study yourself, but you will probably be called on to provide insight and information. To conduct a feasibility study, hire a trained consultant or, if you have an in-house <a href="https://asana.com/resources/pmo-project-management-office" class="e10vhuws4 css-ph5of6-link-2-inline-regular">project management office (PMO)</a>, ask if they take on this type of work. In general, here are the steps they’ll take to complete this work: </p><h3 id="1-run-a-preliminary-analysis">1. Run a preliminary analysis</h3><p>Creating a feasibility study is a time-intensive process. Before diving into the feasibility study, it’s important to evaluate the project for any obvious and insurmountable roadblocks. For example, if the project requires significantly more budget than your organization has available, you likely won’t be able to complete it. Similarly, if the <a href="https://asana.com/resources/what-are-project-deliverables" class="e10vhuws4 css-ph5of6-link-2-inline-regular">project deliverables</a> need to be live and in the market by a certain date but won’t be available for several months after that, the project likely isn’t feasible either. These types of large-scale obstacles make a feasibility study unnecessary because it’s clear the project is not viable.</p><a class="et8z7v0 css-h65oso-link-3 e1koaidd0" href="/resources/brainstorming-techniques ">Read: 29 brainstorming techniques: effective ways to spark creativity<svg class="css-1k6cidy e1koaidd3" xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 12 12"><path d="M6.26154.536743l-.85527.820367 3.84 3.97963H.676086v1.32655H9.24627l-3.84 3.97961.85527.8204 5.06186-5.28874v-.34909L6.26154.536743z"></path></svg></a><h3 id="2-evaluate-financial-feasibility">2. Evaluate financial feasibility</h3><p>Think of the financial feasibility study as the projected income statement for the project. This part of the feasibility study clarifies the expected project income and outlines what your organization needs to invest—in terms of time and money—in order to hit the project objectives. </p><p>During the financial feasibility study, take into account whether or not the project will impact your business's cash flow. Depending on the complexity of the initiative, your internal PMO or external consultant may want to work with your financial team to run a cost-benefit analysis of the project. </p><h3 id="3-run-a-market-assessment">3. Run a market assessment</h3><p>The market assessment, or market feasibility study, is a chance to identify the demand in the market. This study offers a sense of expected revenue for the project and any potential market risks you could run into. </p><p>The market assessment, more than any other part of the feasibility study, is a chance to evaluate whether or not there’s an opportunity in the market. During this study, it’s critical to evaluate your competitor’s positions and analyze demographics to get a sense of how the project will go. </p><h3 id="4-consider-technical-and-operational-feasibility">4. Consider technical and operational feasibility</h3><p>Even if the financials are looking good and the market is ready, this initiative may not be something your organization can support. To evaluate operational feasibility, consider any staffing or equipment requirements this project needs. What organizational resources—including time, money, and skills—are necessary in order for this project to succeed? </p><p>Depending on the project, it may also be necessary to consider the legal impact of the initiative. For example, if the project involves developing a new patent for your product, you will need to involve your legal team and incorporate that requirement into the project plan.</p><a class="et8z7v0 css-h65oso-link-3 e1koaidd0" href="/resources/resource-management-plan">Read: Your guide to getting started with resource management<svg class="css-1k6cidy e1koaidd3" xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 12 12"><path d="M6.26154.536743l-.85527.820367 3.84 3.97963H.676086v1.32655H9.24627l-3.84 3.97961.85527.8204 5.06186-5.28874v-.34909L6.26154.536743z"></path></svg></a><h3 id="5-review-project-points-of-vulnerability">5. Review project points of vulnerability</h3><p>At this stage, your internal PMO team or external consultant have looked at all four elements of your feasibility study—financials, market analysis, technical feasibility, and operational feasibility. Before running their recommendations by you and your stakeholders, they will review and analyze the data for any inconsistencies. This includes ensuring the income statement is in line with your market analysis. Similarly, now that they’ve run a technical feasibility study, are any liabilities too big of a red flag? (If so, create a <a href="https://asana.com/resources/contingency-plan" class="e10vhuws4 css-ph5of6-link-2-inline-regular">contingency plan</a>!) </p><p>Depending on the complexity of your project, there won’t always be a clear answer. A feasibility analysis doesn’t provide a black-and-white decision for a complex problem. Rather, it helps you come to the table with the right questions—and answers—so you can make the best decision for your project and for your team.</p><a class="et8z7v0 css-h65oso-link-3 e1koaidd0" href="/resources/contingency-plan">Read: 8 steps to create a contingency plan to prevent business risks<svg class="css-1k6cidy e1koaidd3" xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 12 12"><path d="M6.26154.536743l-.85527.820367 3.84 3.97963H.676086v1.32655H9.24627l-3.84 3.97961.85527.8204 5.06186-5.28874v-.34909L6.26154.536743z"></path></svg></a><h3 id="6-propose-a-decision">6. Propose a decision</h3><p>The final step of the feasibility study is an <a href="https://asana.com/resources/executive-summary-examples" class="e10vhuws4 css-ph5of6-link-2-inline-regular">executive summary</a> touching on the main points and proposing a solution. </p><p>Depending on the complexity and scope of the project, your internal PMO or external consultant may share the feasibility study with stakeholders or present it to the group in order to field any questions live. Either way, with the study in hand, your team now has the information you need to make an informed decision. </p><a href="/features/project-management" class="et8z7v0 css-1j1ilq0-p1-primary-regular" title="Try Asana for project management">Try Asana for project management</a><h2 id="feasibility-study-examples">Feasibility study examples</h2><p>To better understand the concepts behind feasibility assessments, here are two hypothetical examples demonstrating how these studies can be applied in real-world scenarios.</p><h3 id="example-1-new-product-development">Example 1: New product development</h3><p>A consumer goods company is considering launching a new product line. Before investing in new product development, they conduct a feasibility study to assess the proposed project.</p><p><b>The feasibility study includes:</b></p><ul><li><p>Market research to gauge consumer interest, assess competitor offerings, and estimate potential market share for the target market.</p></li><li><p>Technological considerations, including R&D requirements, production processes, and any necessary patents or certifications.</p></li><li><p>In-depth financial analysis projects sales volumes, revenue, costs, and profitability over a multi-year period.</p></li><li><p>Evaluation of organizational readiness, including the skills of the current management team and staff to bring the new product to market.</p></li><li><p>Assessment of legal feasibility to ensure compliance with regulations and identify any potential liability issues.</p></li></ul><p>The comprehensive feasibility study identifies a promising market opportunity for the new business venture. The company decides to proceed with the new project, using the feasibility report as a template for their business development process. The study helps secure funding from key decision-makers, setting this start-up product initiative up for success.</p><h3 id="example-2-real-estate-development-deal">Example 2: Real estate development deal</h3><p>A property developer is evaluating the feasibility of purchasing land for a new residential community. They commission a feasibility study to determine the viability of this real estate development project.</p><p><b>The feasibility assessment covers:</b></p><ul><li><p>Detailed analysis of the local housing market, including demand drivers, comparable properties, pricing, and absorption rates.</p></li><li><p>Site planning to assess the property's capacity, constraints, and technological considerations.</p></li><li><p>In-depth review of legal feasibility, including zoning, permitting, environmental regulations, and other potential legal hurdles.</p></li><li><p>Financial analysis modeling various development scenarios and estimating returns on investment.</p></li><li><p>Creation of an opening day balance sheet projecting the assets, liabilities, and equity for the proposed project.</p></li><li><p>Sensitivity analysis to evaluate the impact of changes in key assumptions on the project's scope and profitability.</p></li></ul><p>The feasibility study concludes that while the real estate start-up is viable, it carries significant risk. Based on these findings, the developer makes an informed decision to move forward, but with a revised project's scope and a phased approach to mitigate risk. The comprehensive feasibility analysis proves critical in guiding this major investment decision.</p><h2 id="which-phase-of-the-project-management-process-involves-feasibility-studies">Which phase of the project management process involves feasibility studies?</h2><p>Feasibility studies are a key part of the project initiation and planning phases. They are typically conducted after a project has been conceptualized but before significant resources are invested in detailed planning and execution.</p><p>The purpose of a feasibility assessment is to objectively evaluate the viability of a proposed project, considering factors such as technical feasibility, market demand, financial costs and benefits, legal requirements, and organizational readiness. By thoroughly assessing these aspects, a feasibility study helps project stakeholders make an informed go-or-no-go decision.</p><p>While feasibility studies are a critical tool in the early stages of project management, they differ from other planning documents like project charters, business cases, and business plans. Here's a closer look at these key differences:</p><h3 id="feasibility-study-vs-project-charter">Feasibility study vs. project charter</h3><p>A <a href="https://asana.com/resources/project-charter" class="e10vhuws4 css-ph5of6-link-2-inline-regular">project charter</a> is a relatively informal document to pitch your project to stakeholders. Think of the charter as an elevator pitch for your project objectives, scope, and responsibilities. Typically, your <a href="https://asana.com/resources/project-sponsor" class="e10vhuws4 css-ph5of6-link-2-inline-regular">project sponsor</a> or executive stakeholders review the charter before ratifying the project. </p><p>A feasibility study should be implemented after the project charter has been ratified. This isn’t a document to pitch whether or not the project is in line with your team’s goals—rather, it’s a way to ensure the project is something you and your team can accomplish.</p><a class="et8z7v0 css-h65oso-link-3 e1koaidd0" href="/resources/project-charter">Read: 3 elements every project charter needs<svg class="css-1k6cidy e1koaidd3" xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 12 12"><path d="M6.26154.536743l-.85527.820367 3.84 3.97963H.676086v1.32655H9.24627l-3.84 3.97961.85527.8204 5.06186-5.28874v-.34909L6.26154.536743z"></path></svg></a><h3 id="feasibility-study-vs-business-case">Feasibility study vs. business case</h3><p>A <a href="https://asana.com/resources/business-case" class="e10vhuws4 css-ph5of6-link-2-inline-regular">business case</a> is a more formalized version of the project charter. While you’d typically create a project charter for small or straightforward initiatives, you should create a business case if you are pitching a large, complex initiative that will make a major impact on the business. This longer, more formal document will also include financial information and typically involve more senior stakeholders. </p><p>After your business case is approved by relevant stakeholders, you'll run a feasibility study to make sure the work is doable. If you find it isn’t, you might return to your executive stakeholders and request more resources, tools, or time in order to ensure your business case is feasible.</p><a class="et8z7v0 css-h65oso-link-3 e1koaidd0" href="/resources/business-case">Read: The beginner’s guide to writing an effective business case<svg class="css-1k6cidy e1koaidd3" xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 12 12"><path d="M6.26154.536743l-.85527.820367 3.84 3.97963H.676086v1.32655H9.24627l-3.84 3.97961.85527.8204 5.06186-5.28874v-.34909L6.26154.536743z"></path></svg></a><h3 id="feasibility-study-vs-business-plan">Feasibility study vs. business plan</h3><p>A business plan is a formal document outlining your organization’s goals. You typically write a business plan when founding your company or when your business is going through a significant shift. Your business plan informs a lot of other business decisions, including your three- to five-year <a href="https://asana.com/resources/strategic-planning" class="e10vhuws4 css-ph5of6-link-2-inline-regular">strategic plan</a>. </p><p>As you implement your business and strategic plan, you’ll invest in individual projects. A feasibility study is a way to evaluate the practicality of any given individual project or initiative.</p><a class="et8z7v0 css-h65oso-link-3 e1koaidd0" href="/resources/strategic-planning">Read: New to strategic planning? Start here.<svg class="css-1k6cidy e1koaidd3" xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 12 12"><path d="M6.26154.536743l-.85527.820367 3.84 3.97963H.676086v1.32655H9.24627l-3.84 3.97961.85527.8204 5.06186-5.28874v-.34909L6.26154.536743z"></path></svg></a><h2 id="achieve-project-success-with-asana">Achieve project success with Asana</h2><p>Are you done with your feasibility study? You’re ready to run a project! Set your project up for success by tracking your progress with a<a href="https://asana.com/uses/work-management" class="e10vhuws4 css-ph5of6-link-2-inline-regular"> work management tool</a> like Asana. From the small stuff to the big picture,<a href="http://asana.com/product" class="e10vhuws4 css-ph5of6-link-2-inline-regular"> Asana</a> organizes work so teams know what to do, why it matters, and how to get it done. </p><a href="/features/project-management" class="et8z7v0 css-1j1ilq0-p1-primary-regular" title="Try Asana for project management">Try Asana for project management</a><p></p></div></div></section></section><style data-emotion="css 1nukvj5">.css-1nukvj5{background-color:var(--lightmode-bg-strong);padding-top:calc(96px * 0.5);padding-bottom:calc(96px * 0.5);}@media (min-width: 768px){.css-1nukvj5{padding-top:calc(128px * 0.5);padding-bottom:calc(128px * 0.5);}}@media (min-width: 1120px){.css-1nukvj5{padding-top:calc(160px * 0.5);padding-bottom:calc(160px * 0.5);}}.css-1nukvj5>*{-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;}</style><section class="css-1nukvj5 enbnr6z0"><style data-emotion="css 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By evaluating the viability of a proposed project, a feasibility study helps you identify potential challenges and opportunities, ensuring you make informed decisions. In this guide, we’ll walk you through how to conduct a feasibility study with practical templates and real-world examples, designed for project managers seeking to optimize their project planning process.","cta":null,"reactKey":"65F0FXgcaWfjn8xYbmBdgI"}}},"content":[]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"It can be exciting to run a large, complex project that has a huge potential impact on your organization. On the one hand, you’re driving real change. On the other hand, failure is intimidating. ","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"That’s where a feasibility study comes in. 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","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"A feasibility study—sometimes called a feasibility analysis or feasibility report—is a way to evaluate whether or not a ","marks":[],"data":{}},{"nodeType":"hyperlink","data":{"uri":"https://asana.com/resources/project-management-plan"},"content":[{"nodeType":"text","value":"project plan","marks":[],"data":{}}]},{"nodeType":"text","value":" could be successful. A feasibility study evaluates the practicality of your project plan in order to judge whether or not you’re able to move forward with the project. ","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"It does so by answering two questions: ","marks":[],"data":{}}]},{"nodeType":"unordered-list","data":{},"content":[{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Does our team have the required tools or resources to complete this project? ","marks":[],"data":{}}]}]},{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Will there be a high enough return on investment to make the project worth pursuing? 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Projects that also have a large potential impact on your presence in the market may also require a feasibility assessment. ","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"As the ","marks":[],"data":{}},{"nodeType":"hyperlink","data":{"uri":"https://asana.com/resources/become-a-project-manager"},"content":[{"nodeType":"text","value":"project manager","marks":[],"data":{}}]},{"nodeType":"text","value":", you may not be directly responsible for driving the feasibility study, but it’s important to know what these studies are. By understanding the different elements that go into a feasibility study, you can better support the team driving the feasibility study and ensure the best outcome for your project.","marks":[],"data":{}}]},{"nodeType":"heading-2","data":{},"content":[{"nodeType":"text","value":"When should you conduct a feasibility analysis?","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"A feasibility study should be conducted after the project has been pitched but before any work has actually started. The study is part of the project planning process. In fact, it’s often done in conjunction with a ","marks":[],"data":{}},{"nodeType":"hyperlink","data":{"uri":"https://asana.com/resources/swot-analysis"},"content":[{"nodeType":"text","value":"SWOT analysis","marks":[],"data":{}}]},{"nodeType":"text","value":" or ","marks":[],"data":{}},{"nodeType":"hyperlink","data":{"uri":"http://asana.com/resources/project-risk-management-process"},"content":[{"nodeType":"text","value":"project risk assessment","marks":[],"data":{}}]},{"nodeType":"text","value":", depending on the specific project. ","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Feasibility studies help: ","marks":[{"type":"bold"}],"data":{}}]},{"nodeType":"unordered-list","data":{},"content":[{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Confirm market opportunities before committing to a project","marks":[],"data":{}}]}]},{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Narrow your business alternatives","marks":[],"data":{}}]}]},{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Create documentation about the benefits and disadvantages of your proposed initiative","marks":[],"data":{}}]}]},{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Provide more information before making a go-or-no-go decision","marks":[],"data":{}}]}]}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"You likely don’t need a feasibility study if:","marks":[{"type":"bold"}],"data":{}}]},{"nodeType":"unordered-list","data":{},"content":[{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"You already know the project is feasible","marks":[],"data":{}}]}]},{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"You’ve run a similar project in the past","marks":[],"data":{}}]}]},{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Your competitors are succeeding with a similar initiative in market","marks":[],"data":{}}]}]},{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"The project is small, straightforward, and has minimal long-term business impact","marks":[],"data":{}}]}]},{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Your team ran a similar feasibility analysis within the past three years","marks":[],"data":{}}]}]}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"One thing to keep in mind is that a feasibility study is not a project pitch. During a project pitch, you’re evaluating whether or not the project is a good idea for your company and whether the goals of the project are in line with your overall strategic plan. Typically, once you’ve established that the project is a good idea, you'll run a feasibility study to confirm that the project is possible with the tools and resources you have at your disposal. ","marks":[],"data":{}}]},{"nodeType":"heading-2","data":{},"content":[{"nodeType":"text","value":"Types of feasibility studies","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"There are five main types of feasibility studies: technical feasibility, financial feasibility, market feasibility (or market fit), operational feasibility, and legal feasibility. Most comprehensive feasibility studies will include an assessment of all five of these areas.","marks":[],"data":{}}]},{"nodeType":"heading-3","data":{},"content":[{"nodeType":"text","value":"Technical feasibility","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"A technical feasibility study reviews the technical resources available for your project. This study determines if you have the right equipment, enough equipment, and the right technical knowledge to complete your ","marks":[],"data":{}},{"nodeType":"hyperlink","data":{"uri":"https://asana.com/resources/how-project-objectives"},"content":[{"nodeType":"text","value":"project objectives","marks":[],"data":{}}]},{"nodeType":"text","value":". For example, if your project plan proposes creating 50,000 products per month, but you can only produce 30,000 products per month in your factories, this project isn’t technically feasible. ","marks":[],"data":{}}]},{"nodeType":"heading-3","data":{},"content":[{"nodeType":"text","value":"Financial feasibility","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Financial feasibility describes whether or not your project is fiscally viable. A financial feasibility report includes a ","marks":[],"data":{}},{"nodeType":"hyperlink","data":{"uri":"https://asana.com/resources/cost-benefit-analysis"},"content":[{"nodeType":"text","value":"cost-benefit analysis","marks":[],"data":{}}]},{"nodeType":"text","value":" of the project. It also forecasts an expected return on investment (ROI) and outlines any financial risks. The goal at the end of the financial feasibility study is to understand the economic benefits the project will drive. ","marks":[],"data":{}}]},{"nodeType":"heading-3","data":{},"content":[{"nodeType":"text","value":"Market feasibility","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"The market feasibility study is an evaluation of how your team expects the project’s deliverables to perform in the market. This part of the report includes a market analysis, a market competition breakdown, and sales projections. ","marks":[],"data":{}}]},{"nodeType":"heading-3","data":{},"content":[{"nodeType":"text","value":"Operational feasibility","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"An operational feasibility study evaluates whether or not your organization is able to complete this project. This includes staffing requirements, organizational structure, and any applicable legal requirements. At the end of the operational feasibility study, your team will have a sense of whether or not you have the resources, skills, and competencies to complete this work. ","marks":[],"data":{}}]},{"nodeType":"heading-3","data":{},"content":[{"nodeType":"text","value":"Legal feasibility","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"A legal feasibility analysis assesses whether the proposed project complies with all relevant legal requirements and regulations. This includes examining legal and regulatory barriers, necessary permits, licenses, or certifications, potential legal liabilities or risks, and intellectual property considerations. The legal feasibility study ensures that the project can be completed without running afoul of any laws or incurring undue legal exposure for the organization.","marks":[],"data":{}}]},{"nodeType":"embedded-entry-block","data":{"target":{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"v26e80k8u0jb"}},"id":"5kBGRe1w1CIvi3lKAhpM76","type":"Entry","createdAt":"2021-06-29T21:16:37.490Z","updatedAt":"2024-11-12T14:18:11.278Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":3335,"revision":983,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"cta"}},"locale":"en-US"},"fields":{"internalTitle":"[Button] Try Asana for project management - /features/project-management","text":"Try Asana for project management","link":"/features/project-management","isButton":true,"isSecondary":false,"componentName":"cta","reactKey":"5kBGRe1w1CIvi3lKAhpM76"}}},"content":[]},{"nodeType":"heading-2","data":{},"content":[{"nodeType":"text","value":"Feasibility assessment checklist","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Most feasibility studies are structured in a similar way. These documents serve as an assessment of the practicality of a proposed business idea. Creating a clear feasibility study helps project stakeholders during the decision making process. ","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"The essential elements of a feasibility study are: ","marks":[],"data":{}}]},{"nodeType":"unordered-list","data":{},"content":[{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"An ","marks":[],"data":{}},{"nodeType":"hyperlink","data":{"uri":"https://asana.com/resources/executive-summary-examples"},"content":[{"nodeType":"text","value":"executive summary","marks":[{"type":"bold"}],"data":{}}]},{"nodeType":"text","value":" describing the project’s overall viability","marks":[],"data":{}}]}]},{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"A ","marks":[],"data":{}},{"nodeType":"text","value":"description of the product or service","marks":[{"type":"bold"}],"data":{}},{"nodeType":"text","value":" being developed during this project","marks":[],"data":{}}]}]},{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Any ","marks":[],"data":{}},{"nodeType":"text","value":"technical considerations","marks":[{"type":"bold"}],"data":{}},{"nodeType":"text","value":", including technology, equipment, or staffing","marks":[],"data":{}}]}]},{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"The ","marks":[],"data":{}},{"nodeType":"text","value":"market survey","marks":[{"type":"bold"}],"data":{}},{"nodeType":"text","value":", including a study of the current market and the marketing strategy ","marks":[],"data":{}}]}]},{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"The ","marks":[],"data":{}},{"nodeType":"text","value":"operational feasibility study","marks":[{"type":"bold"}],"data":{}},{"nodeType":"text","value":" evaluates whether or not your team’s current organizational structure can support this initiative","marks":[],"data":{}}]}]},{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"The ","marks":[],"data":{}},{"nodeType":"hyperlink","data":{"uri":"https://asana.com/resources/create-project-management-timeline-template"},"content":[{"nodeType":"text","value":"project timeline","marks":[{"type":"bold"}],"data":{}}]},{"nodeType":"text","value":"","marks":[],"data":{}}]}]},{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Financial projections","marks":[{"type":"bold"}],"data":{}},{"nodeType":"text","value":" based on your financial feasibility report","marks":[],"data":{}}]}]}]},{"nodeType":"embedded-entry-block","data":{"target":{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"v26e80k8u0jb"}},"id":"5BlqHjGc0guNQJQw5sE6yd","type":"Entry","createdAt":"2021-05-06T22:01:14.395Z","updatedAt":"2024-08-27T07:01:41.354Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":631,"revision":103,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"cta"}},"locale":"en-US"},"fields":{"internalTitle":"[Link] Read: How to write an executive summary, with examples - /resources/executive-summary-examples","text":"Read: How to write an executive summary, with examples","link":"/resources/executive-summary-examples","isButton":false,"isSecondary":true,"componentName":"cta","reactKey":"5BlqHjGc0guNQJQw5sE6yd"}}},"content":[]},{"nodeType":"heading-2","data":{},"content":[{"nodeType":"text","value":"6 steps to conduct a feasibility study","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"You likely won’t be conducting the feasibility study yourself, but you will probably be called on to provide insight and information. To conduct a feasibility study, hire a trained consultant or, if you have an in-house ","marks":[],"data":{}},{"nodeType":"hyperlink","data":{"uri":"https://asana.com/resources/pmo-project-management-office"},"content":[{"nodeType":"text","value":"project management office (PMO)","marks":[],"data":{}}]},{"nodeType":"text","value":", ask if they take on this type of work. In general, here are the steps they’ll take to complete this work: ","marks":[],"data":{}}]},{"nodeType":"heading-3","data":{},"content":[{"nodeType":"text","value":"1. Run a preliminary analysis","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Creating a feasibility study is a time-intensive process. Before diving into the feasibility study, it’s important to evaluate the project for any obvious and insurmountable roadblocks. For example, if the project requires significantly more budget than your organization has available, you likely won’t be able to complete it. Similarly, if the ","marks":[],"data":{}},{"nodeType":"hyperlink","data":{"uri":"https://asana.com/resources/what-are-project-deliverables"},"content":[{"nodeType":"text","value":"project deliverables","marks":[],"data":{}}]},{"nodeType":"text","value":" need to be live and in the market by a certain date but won’t be available for several months after that, the project likely isn’t feasible either. These types of large-scale obstacles make a feasibility study unnecessary because it’s clear the project is not viable.","marks":[],"data":{}}]},{"nodeType":"embedded-entry-block","data":{"target":{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"v26e80k8u0jb"}},"id":"61Q6sQ2NlyP8JSpJ4GCABE","type":"Entry","createdAt":"2021-06-07T19:35:01.045Z","updatedAt":"2024-10-30T12:15:05.508Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":193,"revision":72,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"cta"}},"locale":"en-US"},"fields":{"internalTitle":"[Link] Read: 29 brainstorming techniques: effective ways to spark creativity - /resources/brainstorming-techniques","text":"Read: 29 brainstorming techniques: effective ways to spark creativity","link":"/resources/brainstorming-techniques ","isButton":false,"isSecondary":true,"componentName":"cta","reactKey":"61Q6sQ2NlyP8JSpJ4GCABE"}}},"content":[]},{"nodeType":"heading-3","data":{},"content":[{"nodeType":"text","value":"2. Evaluate financial feasibility","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Think of the financial feasibility study as the projected income statement for the project. This part of the feasibility study clarifies the expected project income and outlines what your organization needs to invest—in terms of time and money—in order to hit the project objectives. ","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"During the financial feasibility study, take into account whether or not the project will impact your business's cash flow. Depending on the complexity of the initiative, your internal PMO or external consultant may want to work with your financial team to run a cost-benefit analysis of the project. ","marks":[],"data":{}}]},{"nodeType":"heading-3","data":{},"content":[{"nodeType":"text","value":"3. Run a market assessment","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"The market assessment, or market feasibility study, is a chance to identify the demand in the market. This study offers a sense of expected revenue for the project and any potential market risks you could run into. ","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"The market assessment, more than any other part of the feasibility study, is a chance to evaluate whether or not there’s an opportunity in the market. During this study, it’s critical to evaluate your competitor’s positions and analyze demographics to get a sense of how the project will go. ","marks":[],"data":{}}]},{"nodeType":"heading-3","data":{},"content":[{"nodeType":"text","value":"4. Consider technical and operational feasibility","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Even if the financials are looking good and the market is ready, this initiative may not be something your organization can support. To evaluate operational feasibility, consider any staffing or equipment requirements this project needs. What organizational resources—including time, money, and skills—are necessary in order for this project to succeed? ","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Depending on the project, it may also be necessary to consider the legal impact of the initiative. For example, if the project involves developing a new patent for your product, you will need to involve your legal team and incorporate that requirement into the project plan.","marks":[],"data":{}}]},{"nodeType":"embedded-entry-block","data":{"target":{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"v26e80k8u0jb"}},"id":"5h33Z1s0f7wKmOSNbRfjvK","type":"Entry","createdAt":"2021-04-26T23:11:32.412Z","updatedAt":"2024-11-25T10:49:13.307Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":1707,"revision":316,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"cta"}},"locale":"en-US"},"fields":{"internalTitle":"[Link] Read: Your guide to getting started with resource management - /resources/resource-management-plan","text":"Read: Your guide to getting started with resource management","link":"/resources/resource-management-plan","isButton":false,"isSecondary":true,"componentName":"cta","reactKey":"5h33Z1s0f7wKmOSNbRfjvK"}}},"content":[]},{"nodeType":"heading-3","data":{},"content":[{"nodeType":"text","value":"5. Review project points of vulnerability","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"At this stage, your internal PMO team or external consultant have looked at all four elements of your feasibility study—financials, market analysis, technical feasibility, and operational feasibility. Before running their recommendations by you and your stakeholders, they will review and analyze the data for any inconsistencies. This includes ensuring the income statement is in line with your market analysis. Similarly, now that they’ve run a technical feasibility study, are any liabilities too big of a red flag? (If so, create a ","marks":[],"data":{}},{"nodeType":"hyperlink","data":{"uri":"https://asana.com/resources/contingency-plan"},"content":[{"nodeType":"text","value":"contingency plan","marks":[],"data":{}}]},{"nodeType":"text","value":"!) ","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Depending on the complexity of your project, there won’t always be a clear answer. A feasibility analysis doesn’t provide a black-and-white decision for a complex problem. Rather, it helps you come to the table with the right questions—and answers—so you can make the best decision for your project and for your team.","marks":[],"data":{}}]},{"nodeType":"embedded-entry-block","data":{"target":{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"v26e80k8u0jb"}},"id":"6k4FTKdhziwXTZDKAmWimK","type":"Entry","createdAt":"2021-07-28T00:16:34.551Z","updatedAt":"2024-05-30T08:15:00.195Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":147,"revision":37,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"cta"}},"locale":"en-US"},"fields":{"internalTitle":"[Link] Read: 8 steps to create a contingency plan to prevent business risks - /resources/contingency-plan","text":"Read: 8 steps to create a contingency plan to prevent business risks","link":"/resources/contingency-plan","isButton":false,"isSecondary":true,"componentName":"cta","reactKey":"6k4FTKdhziwXTZDKAmWimK"}}},"content":[]},{"nodeType":"heading-3","data":{},"content":[{"nodeType":"text","value":"6. Propose a decision","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"The final step of the feasibility study is an ","marks":[],"data":{}},{"nodeType":"hyperlink","data":{"uri":"https://asana.com/resources/executive-summary-examples"},"content":[{"nodeType":"text","value":"executive summary","marks":[],"data":{}}]},{"nodeType":"text","value":" touching on the main points and proposing a solution. ","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Depending on the complexity and scope of the project, your internal PMO or external consultant may share the feasibility study with stakeholders or present it to the group in order to field any questions live. Either way, with the study in hand, your team now has the information you need to make an informed decision. ","marks":[],"data":{}}]},{"nodeType":"embedded-entry-block","data":{"target":{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"v26e80k8u0jb"}},"id":"5kBGRe1w1CIvi3lKAhpM76","type":"Entry","createdAt":"2021-06-29T21:16:37.490Z","updatedAt":"2024-11-12T14:18:11.278Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":3335,"revision":983,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"cta"}},"locale":"en-US"},"fields":{"internalTitle":"[Button] Try Asana for project management - /features/project-management","text":"Try Asana for project management","link":"/features/project-management","isButton":true,"isSecondary":false,"componentName":"cta","reactKey":"5kBGRe1w1CIvi3lKAhpM76"}}},"content":[]},{"nodeType":"heading-2","data":{},"content":[{"nodeType":"text","value":"Feasibility study examples","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"To better understand the concepts behind feasibility assessments, here are two hypothetical examples demonstrating how these studies can be applied in real-world scenarios.","marks":[],"data":{}}]},{"nodeType":"heading-3","data":{},"content":[{"nodeType":"text","value":"Example 1: New product development","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"A consumer goods company is considering launching a new product line. Before investing in new product development, they conduct a feasibility study to assess the proposed project.","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"The feasibility study includes:","marks":[{"type":"bold"}],"data":{}}]},{"nodeType":"unordered-list","data":{},"content":[{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Market research to gauge consumer interest, assess competitor offerings, and estimate potential market share for the target market.","marks":[],"data":{}}]}]},{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Technological considerations, including R\u0026D requirements, production processes, and any necessary patents or certifications.","marks":[],"data":{}}]}]},{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"In-depth financial analysis projects sales volumes, revenue, costs, and profitability over a multi-year period.","marks":[],"data":{}}]}]},{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Evaluation of organizational readiness, including the skills of the current management team and staff to bring the new product to market.","marks":[],"data":{}}]}]},{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Assessment of legal feasibility to ensure compliance with regulations and identify any potential liability issues.","marks":[],"data":{}}]}]}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"The comprehensive feasibility study identifies a promising market opportunity for the new business venture. The company decides to proceed with the new project, using the feasibility report as a template for their business development process. The study helps secure funding from key decision-makers, setting this start-up product initiative up for success.","marks":[],"data":{}}]},{"nodeType":"heading-3","data":{},"content":[{"nodeType":"text","value":"Example 2: Real estate development deal","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"A property developer is evaluating the feasibility of purchasing land for a new residential community. They commission a feasibility study to determine the viability of this real estate development project.","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"The feasibility assessment covers:","marks":[{"type":"bold"}],"data":{}}]},{"nodeType":"unordered-list","data":{},"content":[{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Detailed analysis of the local housing market, including demand drivers, comparable properties, pricing, and absorption rates.","marks":[],"data":{}}]}]},{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Site planning to assess the property's capacity, constraints, and technological considerations.","marks":[],"data":{}}]}]},{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"In-depth review of legal feasibility, including zoning, permitting, environmental regulations, and other potential legal hurdles.","marks":[],"data":{}}]}]},{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Financial analysis modeling various development scenarios and estimating returns on investment.","marks":[],"data":{}}]}]},{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Creation of an opening day balance sheet projecting the assets, liabilities, and equity for the proposed project.","marks":[],"data":{}}]}]},{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Sensitivity analysis to evaluate the impact of changes in key assumptions on the project's scope and profitability.","marks":[],"data":{}}]}]}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"The feasibility study concludes that while the real estate start-up is viable, it carries significant risk. Based on these findings, the developer makes an informed decision to move forward, but with a revised project's scope and a phased approach to mitigate risk. The comprehensive feasibility analysis proves critical in guiding this major investment decision.","marks":[],"data":{}}]},{"nodeType":"heading-2","data":{},"content":[{"nodeType":"text","value":"Which phase of the project management process involves feasibility studies?","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Feasibility studies are a key part of the project initiation and planning phases. They are typically conducted after a project has been conceptualized but before significant resources are invested in detailed planning and execution.","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"The purpose of a feasibility assessment is to objectively evaluate the viability of a proposed project, considering factors such as technical feasibility, market demand, financial costs and benefits, legal requirements, and organizational readiness. By thoroughly assessing these aspects, a feasibility study helps project stakeholders make an informed go-or-no-go decision.","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"While feasibility studies are a critical tool in the early stages of project management, they differ from other planning documents like project charters, business cases, and business plans. Here's a closer look at these key differences:","marks":[],"data":{}}]},{"nodeType":"heading-3","data":{},"content":[{"nodeType":"text","value":"Feasibility study vs. project charter","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"A ","marks":[],"data":{}},{"nodeType":"hyperlink","data":{"uri":"https://asana.com/resources/project-charter"},"content":[{"nodeType":"text","value":"project charter","marks":[],"data":{}}]},{"nodeType":"text","value":" is a relatively informal document to pitch your project to stakeholders. Think of the charter as an elevator pitch for your project objectives, scope, and responsibilities. Typically, your ","marks":[],"data":{}},{"nodeType":"hyperlink","data":{"uri":"https://asana.com/resources/project-sponsor"},"content":[{"nodeType":"text","value":"project sponsor","marks":[],"data":{}}]},{"nodeType":"text","value":" or executive stakeholders review the charter before ratifying the project. ","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"A feasibility study should be implemented after the project charter has been ratified. This isn’t a document to pitch whether or not the project is in line with your team’s goals—rather, it’s a way to ensure the project is something you and your team can accomplish.","marks":[],"data":{}}]},{"nodeType":"embedded-entry-block","data":{"target":{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"v26e80k8u0jb"}},"id":"477npX58fzAC2PFkvfAfns","type":"Entry","createdAt":"2021-06-29T22:05:41.833Z","updatedAt":"2024-11-14T10:49:34.182Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":351,"revision":67,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"cta"}},"locale":"en-US"},"fields":{"internalTitle":"[Link] Read: 3 elements every project charter needs - /resources/project-charter","text":"Read: 3 elements every project charter needs","link":"/resources/project-charter","isButton":false,"isSecondary":true,"componentName":"cta","reactKey":"477npX58fzAC2PFkvfAfns"}}},"content":[]},{"nodeType":"heading-3","data":{},"content":[{"nodeType":"text","value":"Feasibility study vs. business case","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"A ","marks":[],"data":{}},{"nodeType":"hyperlink","data":{"uri":"https://asana.com/resources/business-case"},"content":[{"nodeType":"text","value":"business case","marks":[],"data":{}}]},{"nodeType":"text","value":" is a more formalized version of the project charter. While you’d typically create a project charter for small or straightforward initiatives, you should create a business case if you are pitching a large, complex initiative that will make a major impact on the business. This longer, more formal document will also include financial information and typically involve more senior stakeholders. ","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"After your business case is approved by relevant stakeholders, you'll run a feasibility study to make sure the work is doable. 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