Feasibility studies aim to objectively and rationally uncover the strengths and weaknesses of an existing business or proposed venture, opportunities and threats present in the environment, the resources required to carry through, and ultimately the prospects for success. In its simplest terms, the two criteria to judge feasibility are cost required and value to be attained.
A well-designed feasibility study should provide a historical background of the business or project, a description of the product or service, accounting statements, details of the operations and management, marketing research and policies, financial data, legal requirements and tax obligations. Generally, feasibility studies precede technical development and project implementation.
A feasibility study evaluates the project's potential for success; therefore, perceived objectivity is an important factor in the credibility of the study for potential investors and lending institutions. It must therefore be conducted with an objective, unbiased approach to provide information upon which decisions can be based
While complex, the Mars One Mission is feasible. The science and technology required to place humans on Mars exists today. Much of what was learned from Skylab, Mir and the International Space Station has resulted in vital data, experiences with systems and related know-how -- all of which are applicable to living on Mars.
Mars One is not the first organization to ponder upon the idea of a manned mission to Mars. Blueprints of a Mars human settlement are flung across much of history-- from science fiction books to dossiers of national space agencies. And yet, no human has landed on Mars to this day. Why should Mars One succeed?
The Mars One mission plan is based on five pillars that ensure its practicality and success.