Develop · Step 04

Testing whether a project can be built.

Feasibility is the discipline of finding out whether a defined project can be delivered and sustained. We coordinate the market, technical, economic, site, and infrastructure analysis that answers the question before capital is committed.

01

Why feasibility matters

Better to fail a study than a project.

The expensive failures are the ones where a question that could have been answered on paper was answered in the field instead. Feasibility exists to move those questions forward — to the cheapest point at which it is still possible to be wrong about them.

We coordinate the analyses a project needs and hold the results to a readiness standard. A project that clears feasibility is not guaranteed; it is credible enough to justify the far larger commitments that follow.

Where a question gets answered

The cheap answer and the expensive one.

Every test on this page is a question that will be answered either way. Feasibility only decides when.

Demand

Answered in the field: Discovered once the asset is running.

Answered on paper: Established before commitment.

Site & infrastructure

Answered in the field: Power, water, or transport found wanting mid-build.

Answered on paper: Confirmed against the site first.

Economics

Answered in the field: Hold only in the case that was assumed.

Answered on paper: Tested across a realistic range.

Cost of being wrong

Answered in the field: Borne in construction.

Answered on paper: Borne in a study.

Clearing feasibility makes a project credible enough to justify what follows. It does not make it certain.

03

What we test

Five questions feasibility answers.

Market

Is there real, durable demand for what the project produces?

Demand

Technical

Can it be built with available technology, methods, and inputs?

Engineering

Economic

Do the economics work across a realistic range of assumptions?

Economics

Site & infrastructure

Does the location support it — land, power, water, transport, workforce?

Site

Readiness

Is the project ready to move to structuring and partnership?

Readiness
04

Stage 3 of 5 · Develop

What must be true to leave Develop.

  1. Identify
  2. Structure
  3. Develop
  4. Prepare
  5. Deliver

We test feasibility through market, technical, economic, and site analysis, give the project its delivery architecture of scope, governance, risk allocation, and milestones, and assemble the public, private, financial, and technical participants it needs to advance.

  1. Step 04Feasibility & ReadinessThis page
  2. Step 05Delivery Architecture
  3. Step 06Partnership Development

Gate 3 · feasible & structured

Feasibility tested by market, technical, economic, and site analysis; scope, governance, risk allocation, and milestones set; and the participants named, not hoped for.

No project moves to the next stage until this is true. The standard is the same for every sector and every sponsor.

Next stage · PrepareFunding Readiness
05

Common questions

The questions worth answering on paper.

We coordinate them, drawing on the appropriate technical, market, and economic specialists, and hold the results to a consistent readiness standard.

It either returns for redefinition or stops. Rigorous feasibility work protects sponsors and partners from committing to projects that cannot be sustained.

Because a project that only works under a single optimistic case is not durable. Testing across a realistic range shows whether the economics hold when conditions move, which is what later commitments depend on.

Chiefly the willingness to fund honest analysis before committing to build. This is deliberately the cheapest point at which to answer hard questions, so the effort spent here is small against the exposure it prevents.

It varies with the scale and sector of the project. What is fixed is the standard, not the schedule: the project does not advance until the analysis meets a defined level of readiness.

06

Ready to test a project’s feasibility?

We will coordinate the analysis that tells you whether it can be built and sustained.

Feasibility & Readiness — Applied America