A feasibility study is an analysis of the viability of an idea, project or product. It assesses the practicality of an envisaged outcome or goal, taking into consideration all relevant factors.
Significance of Feasibility study in Somalia
A feasibility study is important because it can help you to determine whether or not a project is worth pursuing. It can also help you to identify any potential problems or risks associated with a project, and to develop a plan for addressing them.
Conducting a feasibility study in Somalia
There are a number of different ways to conduct a feasibility study. The most important thing is to be thorough and to consider all of the relevant factors. Some of the things you may need to consider include:
• the need or demand for the product or service
• the market for the product or service
• the competition
• the potential customers or users
• the costs of developing and implementing the project
• the revenue or benefits that could be generated
• the risks and challenges associated with the project

Organizations often use feasibility studies to help them make decisions about whether or not to proceed with a particular project.
FTL Data Consulting offers Feasibility Studies in Somalia
FTL Data Consulting has been contracted to provide Feasibility Studies in Somalia.
The scope of work includes the development of a field study, technical analysis and an economic analysis.
The field study will assess the potential for doing projects in Somalia.
The technical analysis will assess the feasibility of implementing projects in Somalia.
The economic analysis will assess the potential economic benefits of projects in Somalia.
The study will be conducted over a period of six months.
The Feasibility Studies will be used to inform the decisions of the Government of Somalia and other stakeholders on the potential for the development of projects in Somalia.