Construction Feasibility Studies

Overview

Feasibility studies in Smart Business 360 capture research for a project idea before full project execution. Each study includes market analysis, SWOT fields, risks, ROI estimates, optional attachments, and a status workflow.

Construction overview

Purpose of Feasibility Studies

Use feasibility studies to document whether a project idea is viable: estimated project cost, annual revenue, operating cost, payback period, qualitative SWOT analysis, and supporting files. Approved studies can proceed toward project creation and milestones.

Accessing Construction Feasibility

1. Sign in to Smart Business 360.
2. Open Feasibility Studies from the construction/research navigation.
3. Review the list of studies for your company.
4. Open a study to view details, attachments, and approval status.

Creating a Feasibility Study

1. Click create on the Feasibility Studies screen.
2. Select the Project Idea the study evaluates.
3. Enter a Title.
4. Complete ROI fields: Estimated Project Cost, Estimated Annual Revenue, Estimated Annual Operating Cost, and Payback (Years).
5. Set Status (Research Pending, Under Review, Approved, or Rejected).
6. Optionally attach a document with a title.
7. Click Save.

Entering Available Information

The create/edit form supports these verified fields:

Reviewing Feasibility Information

Open the study Details view to read all entered fields, view attachments, and check status. Activity is logged when studies are viewed, created, or updated.

Updating a Feasibility Study

1. Open the study from the index.
2. Click edit.
3. Update fields or upload a new attachment.
4. Save changes.

Updates record the modifying user and timestamp.

Saving/Finalizing the Study

Saving the form stores the study. To route for approval, submit the study from the details screen — this sets status to Under Review and creates an approval request with planner and CEO steps.

1. Complete required fields on the study.
2. Save the study.
3. From Details, submit for approval when ready.
4. Track approval progress in the approvals queue.

Troubleshooting

• Project idea missing — create a project idea in the same company first.
• Cannot submit for approval — study may already be Under Review.
• Attachment fails — check upload limits in System Settings.

Feature issues

FAQ

Related Construction Articles

• Construction Overview
• Project Creation
• Project Milestones
• Procurement