Pillar 1
Business evaluation
On the one hand, we evaluate business considerations from the perspective of internal processes, and on the other hand, from external data such as economic and digital market indicators that show trends within and outside your industry. Considering these and the envisioned requirements of a given digital project, we refine the original concept and determine the functional business flow for it.
Pillar 2
Technology evaluation
We perform a technology audit on your current IT ecosystem regarding where and how data would be provided for your digital project. This means creating the high-level functional requirements and mapping all potential data exchange points based on a specified flow that was designed according to the business evaluation results.
Pillar 3
Cost evaluation
Cost evaluation is a critical and highly specialised part of a Digital Feasibility Audit that directly impacts the bottom line of a potential project outcome. We define the financial impact by an agile approach that offers modular budgeting and helps you build a sustainable business case. This allows your business to invest the required minimum at first in order to have the flexibility to scale your investments later, once the project starts delivering its first results. In addition to this, we estimate tentative future costs that are plausible for the defined model.
Benefits
Brings to light new digital opportunities and risks that were not evident from the start
Gather insights that help management teams and stakeholders in decision-making
Identifies the resource needs for implementation in detail
Pinpoints/Uncovers the strengths and weaknesses of internal processes
What to expect
The outcome of the Digital Feasibility Audit is an analysis that helps you determine whether the proposed project is feasible and should go ahead
DELIVERABLE Your digital feasibility audit will be delivered by our experts on workshops and documented in PDF format
What you shouldn’t expect
It doesn’t replace market research to define your personalised digital strategy
It is not a Digital Due Diligence analysis
It doesn’t stand as a digital product documentation
It’s not an all-in-one generic feasibility, the audit is strongly connected to a predefined project
When is recommended
Your company wants to launch a new digital product or service
To address rapid market changes, you have created a concept on how you want to shift to digital, and you want to evaluate how feasible it is
You have a strategic plan that describes an innovative business model that you want to evaluate before putting it in action
You plan to expand your business to new markets with existing digital tools/solutions, and you need to evaluate if the company is prepared for it
Process
1. Strategic kick-off workshop
to settle the project objectives and expectations
2. Process audit
to analyse as-is and to-be processes and map potential gaps that hinder your expected outcome
Min. 5 workshops are recommended
3. Data analysis
to evaluate all collected internal and external data through a business classification that assists in taking strategic directions
4. Technology audit
to define the technology-specific requirements that meet the needs of your current IT ecosystems
Min. 3 workshops are recommended
5. Cost evaluation
to forecast the financial resources needed to deliver the project
6. Business case
to justify the project based on its expected business value
Min. 1 workshop is recommended
What to prepare
Please collect any available material on the following topics
Digital Due Diligence Analysis
Not sure what that covers?
Competitor Analysis
Not mandatory if you have a DDD Analysis
Business Process Documentation
Technology Architecture Documentation
Who needs to be involved:
Decision-making
Chief Marketing Officer
Chief Information Officer
Chief Technology Officer
Chief Experience Officer
Future Project Owner
Operative support
Depending of the type and size of the project, you may need to involve the
Product Department
Research and Development Department
Purchasing Department
Marketing and Sales Department
HR Department
Accounting and Finance Department
Technology Department
Opportunities
Digital Feasibility Audit
Take measure of your next digital concept, today
If you have a grand idea for a new digital project, but you are uncertain whether it will be viable either from the perspective of business, technology, or finances, then we can assist you in making a data-based and strategically founded decision by conducting a Digital Feasibility Audit. Explore the true potential of your digital endeavours in a coordinated, ROI-driven way.
The road to sustainable digital growth
Digital Feasibility Audit
Digital Feasibility