Pre-study
Before you start developing a new product or service, it is crucial to know whether it is technically feasible, what the market is like and what it will cost. A carefully conducted feasibility study will provide you with clear answers to these questions and a solid basis for further decisions.
Create the right conditions for a successful solution
At ACTE Solutions, we know that a well-conducted feasibility study is crucial to developing a sustainable and cost-effective solution. The aim of our work is to work together to analyse your needs, your market and the technical possibilities that exist. This is to ensure that your project is feasible, both from a technical and financial perspective.
Through a needs analysis or detailed specification, we not only lay the groundwork for the right decision, but also for the design of the future end product, ensuring that the solution is scalable, user-friendly and optimised for your needs. The result of the feasibility study is a solution proposal that gives you a clear way forward, with a realistic assessment of whether the project is feasible, what resources are required and at what cost.
What is included in our feasibility study?
Detailed specification - a clear plan for development
If you already have an idea of what you want to develop but need to ensure that all technical requirements are defined, we will produce a detailed specification. This will include:
- Technical requirements and system architecture - We define the functionality, performance and integration possibilities of the solution.
- Integration with existing systems - We analyse how the solution will interact with your current systems and third-party services.
- Feasibility analysis - We evaluate whether the project is technically feasible and what limitations may exist.
- Security and compliance - We ensure that the solution meets industry standards and relevant legal requirements.
- Time and resource planning - We produce a strategic plan for development with estimated development time, resource needs and costs.
- Basis for the design of the final product - We define how the final product should be designed and function, to fulfil your and your customers' requirements.
A detailed specification reduces the risk of unexpected costs, delays and technical challenges during the development phase.
Needs analysis - understanding your challenges and opportunities
If you are at an earlier stage and need to understand what type of solution best fulfils your needs, we will conduct a needs analysis. This includes:
- Mapping of business requirements - We analyse your specific needs and objectives.
- Market analysis - We analyse existing solutions and identify competitive advantages.
- Target group analysis - We ensure that the solution is user-friendly and customised to your customers' expectations.
- Risk and feasibility assessment - We identify potential obstacles and evaluate whether it is technically feasible to implement the project.
- Cost analysis - We make an initial estimate of development costs and total budget.
- Design of the final product - We map out what functions and features the end product should have to meet your long-term goals.
A needs analysis gives you an objective insight into what options are available, what is realistic to implement and at what cost.
Proposed solutions - a concrete way forward
Whether we have worked on a detailed specification or a needs analysis, the feasibility study is summarised in a solution proposal. This includes:
- Recommended technical solution - We present the most efficient and cost-effective solution.
- Feasibility assessment - We determine whether the idea is feasible and how it can be developed.
- Implementation strategy - A clear plan for development and implementation.
- Cost estimation and ROI - A detailed analysis of development costs, operating costs and potential return on investment.
- Basic product strategy - A plan for how the final product will be designed and optimised to meet both technical and business requirements.
By working strategically with our feasibility study, we ensure that you get a solution that is feasible, cost-effective and sustainable over time.
Why choose ACTE Solutions for your feasibility study?
We have extensive experience in helping companies evaluate the feasibility and profitability of their ideas. Our methodology is based on in-depth analyses, market knowledge and technical expertise, ensuring that you get a solution that not only works today, but is also sustainable in the future.
By combining technical feasibility with an end-product design strategy, we help you minimise risk, optimise the development process and ensure a competitive solution.
Want to know more about how a feasibility study can help your business?
Contact us today for a consultation!