Feasibility Study
Feasibility Study
Summary
The eventual feasibility of a Development Trust depends on a number of key factors which correspond to areas of good practice or competence.
A well-conceived start up process involving key interests in developing a bid to funders based on an outline business plan.
Recruiting high-calibre people from public, private and voluntary sectors for the Board to develop a shared mission. They will be responsible for the governance of the Trust.
Establishing sound management practices
Making communications a two-way process – both presenting ideas well, and listening to others
Planning for financial sustainability from the start
Following sound project management practices
The Competence summary sheet, and other main competence sheets, provide more detailed checklists.
Any feasibility work should, therefore, aim to answer the question: How can we create a competent Development Trust?
From the above it should be clear that feasibility is more than a question of identifying project opportunities and funding sources. It also involves finding people with commitment and skills, and ways