Debra:
I think it depends upon why you're doing the feasibility study in the
first place. If you are studying the possibility of your organization
to do a new line of research, or provide a new treatment service, I'd
say that would be a cost of doing business - indirect.
If you have an award in hand and need to, or have been requested by the
sponsor to, do a study on which way to take the research, it should be
direct.
Normally, a feasibility study is an examination of an optional process
of an existing operation. It can also be an evaluation of the
organization's carrying capacity for a new service or product. It
invariably involves an economic determination of which is better for the
organization in terms of opportunity costs - to leave the current
process alone, change the process, add the service, etc. A cost/benefit
analysis is a small part of this. Opportunity costs can be non-monetary.
Greg Schmidt
Hansen, Debra wrote:
>How do other institutions define "feasibility studies"? Additionally, how do you fund the cost of feasibility studies....as direct or indirect costs of doing research?
>
>Thanks!
>
>Deb
>
>***************************************************
>Debra K. Hansen
>Director of Sponsored Programs and Fiscal Affairs
>Marshfield Clinic Research Foundation
>1000 N Oak Avenue - 1R3
>Marshfield, WI 54449
>715-387-9130
>xxxxxx@mcrf.mfldclin.edu
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