Feasibility study for projects above USD 1M [Mandatory] A feasibility study is required for projects whose expected value is above USD 1 million. Key components of a feasibility study include: Description of the context Definition of objectives and logic of the intervention Identification of the project   Demand and option analysis Environmental and social considerations including Environmental and Social Impact Assessments   Technical design and cost estimates Plan for implementation and - if applicable - operation of the project Financial, economic and sensitivity analysis Risk analysis Conclusions and recommendations