A feasibility study is an analysis of how successfully a project can be completed, accounting for variuos factors that may affect it.
Feasibility studies are used to determine potential positive and negative outcomes of a project before investing a considerable amount of time and money into it. The feasibilty studies we build tells you all you need to know about the potential success of your event.
Some of the questions it will answer:
- Is my planned event too expensive?
- What is the minimum ticket price I need to charge to break even?
- What is my break even number in terms of tickets sold,at a certain ticket price?
- What will your VAT liability be on this event.
Once feasibility study is signed off it is converted into a budget.