Project Viability Evaluation
Market Research
Target Audience:
Identify and understand the potential users or buyers of the product.
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10
Competitive Analysis:
Examine the current market landscape. Who are the competitors, and what are they offering?
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10
Market Size and Growth:
Estimate the potential size of the market and its growth rate.
0
10
Technical Feasibility
Technological Challenges:
Identify any potential technological barriers or challenges in executing the project.
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10
Resource Availability:
Ensure that the necessary technical resources, both in terms of personnel and technology, are available or can be procured.
0
10
Financial Analysis
Cost Estimation:
Calculate the estimated total cost of the project, including development, marketing, distribution, and post-launch support.
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10
Revenue Forecast:
Estimate the potential revenue from the project based on market size, pricing strategy, and sales projections.
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10
Return on Investment (ROI):
Compare the projected revenue with the estimated costs to determine the potential ROI.
0
10
Break-even Analysis:
Determine how long it will take for the project to become profitable.
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10
Strategic Alignment
Organizational Goals:
Ensure that the project aligns with the broader goals and objectives of the organization.
0
10
Brand Consistency:
Check if the project aligns with the company's brand image and values.
0
10
Regulatory and Compliance Considerations
Legal or Regulatory Barriers:
Identify any legal or regulatory barriers that might affect the project, especially if it's in a heavily regulated industry.
0
10
Compliance with Laws:
Ensure that the project will comply with all relevant laws, regulations, and industry standards.
0
10
Risk Assessment
Identify Potential Risks:
List potential risks associated with the project, both internal (e.g., technical challenges, team dynamics) and external (e.g., market shifts, regulatory changes).
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10
Risk Mitigation:
Develop strategies to mitigate or manage these risks.
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10
Stakeholder Feedback
Engage with Stakeholders:
Engage with potential stakeholders, including team members, investors, partners, and potential customers, to gather feedback on the project's viability. This feedback can provide valuable insights and highlight potential challenges or opportunities that may not have been considered.
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10
Pilot or Prototype
Consider a Prototype:
Before fully committing, consider creating a small-scale version or prototype of the project to test its viability in real-world conditions. This can provide tangible data and feedback to inform the decision to proceed.
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10
Total Score:
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