A prefeasibility study offers a high-level scan of a project's viability, while a feasibility study delivers a detailed, validated roadmap for implementation. The key difference lies in the depth, certainty, and investment-readiness of the analysis.
Prefeasibility Study: Early Screening & Strategic Framing
Purpose: To assess whether a project idea is worth pursuing further.
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Project Concept Definition
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Broad articulation of the idea, objectives, and potential scope
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Identification of multiple scenarios or options
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Preliminary Market Assessment
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High-level demand analysis
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Identification of target segments and competitors
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Initial Technical Assessment
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Basic evaluation of location, infrastructure, and technology options
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Identification of potential constraints or enablers
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Indicative Financial Analysis
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Rough cost estimates (CAPEX/OPEX)
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Preliminary revenue projections
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Early-stage IRR/NPV estimates
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Regulatory and Environmental Scan
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Identification of key permits and compliance issues
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Early environmental and social risk flags
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Risk Identification
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Broad risk categories (technical, financial, institutional)
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No detailed mitigation plans yet
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Go/No-Go Decision Support
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Recommendation on whether to proceed to full feasibility
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Prioritization of scenarios or project configurations
