Feasibility Study
A Feasibility Study is a detailed evaluation that helps companies decide if a project is worth pursuing. It's like a business plan that looks at whether a project can work technically and make money. In exploration and project development, these studies examine things like the amount of resources available, the costs of getting them out, and if the project can be profitable. Companies use these studies before making big investments in mines, oil fields, or other resource projects. You might also see this called a "Feasibility Analysis," "Project Feasibility Assessment," or "Economic Feasibility Report."
Examples in Resumes
Managed a team of 15 specialists conducting a Feasibility Study for a $200M mining project
Led technical writing and data analysis for Feasibility Analysis of offshore drilling locations
Coordinated environmental impact assessments as part of Project Feasibility Studies
Typical job title: "Feasibility Study Managers"
Also try searching for:
Where to Find Feasibility Study Managers
Professional Organizations
Job Boards
Professional Networks
Example Interview Questions
Senior Level Questions
Q: How do you manage stakeholder expectations during a feasibility study?
Expected Answer: Should discuss experience in communicating with different stakeholder groups, managing timelines and budgets, and handling potential conflicts between technical requirements and business goals.
Q: Can you describe a challenging feasibility study you managed and how you overcame the main obstacles?
Expected Answer: Should demonstrate leadership experience, problem-solving abilities, and understanding of both technical and economic aspects of project evaluation.
Mid Level Questions
Q: What are the key components you would include in a feasibility study?
Expected Answer: Should mention market analysis, technical requirements, financial projections, risk assessment, and environmental considerations.
Q: How do you ensure the accuracy of cost estimates in a feasibility study?
Expected Answer: Should explain methods for gathering reliable data, using historical information, consulting experts, and applying appropriate contingency factors.
Junior Level Questions
Q: What is the difference between a preliminary feasibility study and a detailed feasibility study?
Expected Answer: Should explain that preliminary studies are higher-level assessments with broader estimates, while detailed studies involve more precise analysis and detailed engineering work.
Q: What tools and software do you use in conducting feasibility studies?
Expected Answer: Should mention experience with common project management tools, spreadsheet software, and possibly industry-specific modeling software.
Experience Level Indicators
Junior (0-3 years)
- Data collection and organization
- Basic financial analysis
- Report writing
- Understanding of project management basics
Mid (3-7 years)
- Project coordination
- Detailed cost analysis
- Risk assessment
- Stakeholder communication
Senior (7+ years)
- Team leadership
- Strategic planning
- Complex project management
- High-level decision making
Red Flags to Watch For
- Limited understanding of financial analysis
- No experience with large-scale projects
- Poor communication skills
- Lack of industry-specific knowledge
- No experience with risk assessment
Related Terms
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