Feasibility Assessment
You’re an entrepreneur with a breakthrough innovation. But will the new product concept work? What technical obstacles will you need to overcome? Is it commercially feasible in an established market?
Or you’re a product manager in an established brand looking to develop a new product or feature to fit within your portfolio. Can you be confident it will meet the demands of size, cost and performance before investing further in product development?
A product feasibility study will minimise risk as early in the process as possible and unlock funding. We will evaluate:
- The technical proposition and how best to implement a specific function or capability
- Cost estimation, to develop the product and to achieve the agreed price point when the product goes to market
- Prototype development for selective implementation of features / capability
- Regulatory and compliance review
- Supply chain and manufacturing requirements
- Essential trade-offs: mechanical, electronic, software and design
What happens in product design feasibility study?
As specialists in feasibility assessment we know the right questions to ask to ensure that key technical risks are identified and eliminated at an early stage in the development process.
Analogous: Have similar problems been solved before, and in what ways?
Analytical: Calculation, modelling, and simulation will help us assess the technical feasibility of the product.
Practical: Through creation of physical models, we can assess multiple ways of solving functional, capability or performance challenges.