Recruiter's Glossary

Examples: Cost Estimation • Economic Impact • Regulatory Framework

Feasibility Study

Term from Infrastructure Development industry explained for recruiters

A Feasibility Study is a detailed assessment that helps organizations decide if a proposed project is worth pursuing. It's like a thorough research project that looks at whether an idea can actually work in the real world, considering things like costs, technical requirements, and potential problems. Project managers and engineers use these studies to help decision-makers understand if they should invest time and money into a project. Think of it as a "reality check" before starting any major construction or infrastructure project. Similar terms you might see include "viability assessment," "preliminary study," or "project assessment."

Examples in Resumes

Led Feasibility Study for $50M highway expansion project, resulting in project approval

Conducted Feasibility Study and Project Assessment for new water treatment facility

Managed team of experts during Feasibility Analysis of proposed railway extension

Typical job title: "Feasibility Study Consultants"

Also try searching for:

Project Manager Infrastructure Consultant Development Analyst Planning Engineer Project Feasibility Specialist Infrastructure Planning Consultant Project Assessment Manager

Where to Find Feasibility Study Consultants

Professional Organizations

Job Boards

Professional Networks

Example Interview Questions

Senior Level Questions

Q: Can you describe a complex feasibility study you managed and what made it successful?

Expected Answer: Look for answers that show experience managing large-scale studies, coordinating multiple stakeholders, and making clear recommendations based on comprehensive analysis. They should mention risk assessment, cost-benefit analysis, and stakeholder management.

Q: How do you handle conflicting stakeholder interests in a feasibility study?

Expected Answer: Strong answers should demonstrate experience in stakeholder management, conflict resolution, and ability to balance different needs while maintaining objectivity in the study's conclusions.

Mid Level Questions

Q: What key components do you include in a feasibility study?

Expected Answer: Should mention technical feasibility, financial analysis, market assessment, environmental impact, and regulatory requirements. Look for structured approach to organizing and presenting findings.

Q: How do you determine if a project is financially feasible?

Expected Answer: Should discuss basic financial concepts like ROI, payback period, and cost-benefit analysis. Should show understanding of budget considerations and funding sources.

Junior Level Questions

Q: What is the purpose of a feasibility study?

Expected Answer: Should explain that it's to determine if a project is viable before committing resources, including assessment of technical, financial, and practical aspects.

Q: What research methods do you use in feasibility studies?

Expected Answer: Should mention data collection methods, market research, site surveys, and consultation with experts. Look for understanding of basic research principles.