Product Feasibility

We carry out a feasibility study to save our clients' time and money by:

• Quickly identifying if the product idea will work
• Estimating costs for the stages to follow
• Defining a clear plan to deliver the product

A feasibility study is often necessary to prove that a concept will work. There may be critical items that are required for the full function of the product which are unknown or untested. A feasibility study sets out to verify the critical factors in the product design and prove that these are achievable.

The study should confirm whether the required outcome is possible and at the required price point to ensure market viability.

A feasibility study may include:

• Identification of product and regulatory requirements
• Testing the function properties of materials and components to be used
• Identification of electronic components and proof of their function to specification
• Identification of manufacturing processes to be used
• Costing exercise for key components
• Costing for the product development cycle