Quick Overview
- 1#1: LivePlan - Cloud-based business planning software that automates financial forecasting, scenario analysis, and feasibility studies for startups and small businesses.
- 2#2: PlanGuru - Financial forecasting and budgeting software designed for creating detailed feasibility analyses, cash flow projections, and what-if scenarios.
- 3#3: Quantrix - Multi-dimensional modeling platform for complex financial simulations and feasibility assessments beyond traditional spreadsheets.
- 4#4: Anaplan - Connected planning platform enabling integrated financial, operational, and scenario-based feasibility modeling at enterprise scale.
- 5#5: Workday Adaptive Planning - Cloud FP&A solution for collaborative budgeting, forecasting, and feasibility studies with real-time scenario planning.
- 6#6: Enloop - Automated business plan generator with built-in financial projections, performance scoring, and feasibility evaluation tools.
- 7#7: ProModel - Discrete event simulation software for analyzing operational feasibility, process optimization, and resource requirements.
- 8#8: Lumivero @RISK - Risk analysis tool using Monte Carlo simulation integrated with Excel for quantitative feasibility and uncertainty modeling.
- 9#9: Microsoft Project - Project management software with scheduling, resource allocation, and cost analysis features for technical and schedule feasibility studies.
- 10#10: Smartsheet - Collaborative work management platform with customizable templates for conducting project feasibility assessments and reporting.
Tools were selected based on feature depth (including forecasting, scenario modeling, and risk analysis), usability, reliability, and value, ensuring they address the diverse needs of businesses seeking to streamline feasibility evaluations.
Comparison Table
This comparison table breaks down key features and usability of feasibility study software, including popular tools like LivePlan, PlanGuru, Quantrix, Anaplan, Workday Adaptive Planning, and more. Readers will discover tailored insights to choose the right software for their project needs and goals.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | LivePlan Cloud-based business planning software that automates financial forecasting, scenario analysis, and feasibility studies for startups and small businesses. | specialized | 9.7/10 | 9.8/10 | 9.5/10 | 9.3/10 |
| 2 | PlanGuru Financial forecasting and budgeting software designed for creating detailed feasibility analyses, cash flow projections, and what-if scenarios. | specialized | 8.7/10 | 9.2/10 | 7.8/10 | 8.4/10 |
| 3 | Quantrix Multi-dimensional modeling platform for complex financial simulations and feasibility assessments beyond traditional spreadsheets. | enterprise | 8.7/10 | 9.4/10 | 7.6/10 | 8.1/10 |
| 4 | Anaplan Connected planning platform enabling integrated financial, operational, and scenario-based feasibility modeling at enterprise scale. | enterprise | 8.4/10 | 9.2/10 | 7.1/10 | 8.0/10 |
| 5 | Workday Adaptive Planning Cloud FP&A solution for collaborative budgeting, forecasting, and feasibility studies with real-time scenario planning. | enterprise | 8.7/10 | 9.2/10 | 7.8/10 | 8.0/10 |
| 6 | Enloop Automated business plan generator with built-in financial projections, performance scoring, and feasibility evaluation tools. | specialized | 7.4/10 | 7.2/10 | 8.5/10 | 7.6/10 |
| 7 | ProModel Discrete event simulation software for analyzing operational feasibility, process optimization, and resource requirements. | specialized | 8.2/10 | 9.1/10 | 6.7/10 | 7.6/10 |
| 8 | Lumivero @RISK Risk analysis tool using Monte Carlo simulation integrated with Excel for quantitative feasibility and uncertainty modeling. | specialized | 8.4/10 | 9.2/10 | 7.8/10 | 8.0/10 |
| 9 | Microsoft Project Project management software with scheduling, resource allocation, and cost analysis features for technical and schedule feasibility studies. | enterprise | 7.4/10 | 8.0/10 | 6.5/10 | 6.8/10 |
| 10 | Smartsheet Collaborative work management platform with customizable templates for conducting project feasibility assessments and reporting. | enterprise | 7.4/10 | 7.2/10 | 8.1/10 | 7.0/10 |
Cloud-based business planning software that automates financial forecasting, scenario analysis, and feasibility studies for startups and small businesses.
Financial forecasting and budgeting software designed for creating detailed feasibility analyses, cash flow projections, and what-if scenarios.
Multi-dimensional modeling platform for complex financial simulations and feasibility assessments beyond traditional spreadsheets.
Connected planning platform enabling integrated financial, operational, and scenario-based feasibility modeling at enterprise scale.
Cloud FP&A solution for collaborative budgeting, forecasting, and feasibility studies with real-time scenario planning.
Automated business plan generator with built-in financial projections, performance scoring, and feasibility evaluation tools.
Discrete event simulation software for analyzing operational feasibility, process optimization, and resource requirements.
Risk analysis tool using Monte Carlo simulation integrated with Excel for quantitative feasibility and uncertainty modeling.
Project management software with scheduling, resource allocation, and cost analysis features for technical and schedule feasibility studies.
Collaborative work management platform with customizable templates for conducting project feasibility assessments and reporting.
LivePlan
specializedCloud-based business planning software that automates financial forecasting, scenario analysis, and feasibility studies for startups and small businesses.
Automated financial forecasting engine that generates interactive scenario models and integrates real-time data for precise feasibility projections
LivePlan is a powerful business planning platform designed to help users create comprehensive business plans, financial forecasts, and performance dashboards essential for feasibility studies. It provides step-by-step guidance, industry-specific templates, and advanced forecasting tools to evaluate market viability, operational feasibility, and financial projections for new ventures or projects. With integrations like QuickBooks and real-time benchmarking, it streamlines the entire feasibility assessment process from ideation to execution.
Pros
- Robust financial forecasting with scenario analysis and automated P&L, cash flow, and balance sheets
- Intuitive step-by-step wizard and customizable templates tailored for feasibility studies
- Real-time performance dashboards and industry benchmarking for data-driven decisions
Cons
- Premium features require higher-tier plans, which may not suit very small budgets
- Steeper learning curve for advanced financial modeling
- Primarily cloud-based, lacking full offline functionality
Best For
Entrepreneurs, startups, and consultants conducting thorough feasibility studies for new business ideas or expansions.
Pricing
Standard plan at $20/month (billed annually), Premium at $40/month, and Team at $60/month with advanced collaboration.
PlanGuru
specializedFinancial forecasting and budgeting software designed for creating detailed feasibility analyses, cash flow projections, and what-if scenarios.
Driver-based planning engine for dynamic, assumption-driven financial projections and retrospective variance analysis
PlanGuru is a robust financial planning and forecasting software that enables users to build detailed budgets, projections, and financial models essential for feasibility studies. It supports comprehensive cash flow analysis, P&L and balance sheet forecasting, and scenario planning to evaluate project viability. The tool integrates seamlessly with Excel, allowing for flexible modeling and what-if analysis tailored to business decisions.
Pros
- Powerful driver-based forecasting and scenario analysis
- Accurate consolidation of financial statements
- Strong Excel integration for custom modeling
Cons
- Steep learning curve for beginners
- Limited non-financial feasibility tools like market analysis
- Pricing can be high for solo users
Best For
Financial analysts and consultants conducting in-depth financial feasibility studies for small to mid-sized businesses.
Pricing
Starts at $99/month per user (billed annually), with tiers up to $299/month for advanced features; free trial available.
Quantrix
enterpriseMulti-dimensional modeling platform for complex financial simulations and feasibility assessments beyond traditional spreadsheets.
True multi-dimensional arrays that model relationships across multiple axes without cumbersome formulas or pivots
Quantrix Modeler is a sophisticated multi-dimensional spreadsheet platform designed for advanced financial modeling, planning, and analysis, particularly suited for feasibility studies involving complex projections and scenarios. It transcends traditional spreadsheets by enabling true multi-dimensional matrices that handle variables like time, products, regions, and assumptions simultaneously, facilitating accurate cash flow forecasting, NPV/IRR calculations, and sensitivity analysis. The software supports large datasets without performance degradation and integrates with databases and Excel for seamless workflows.
Pros
- Exceptional multi-dimensional modeling for complex feasibility scenarios
- Superior scalability and performance with massive datasets
- Robust built-in functions for financial forecasting and what-if analysis
Cons
- Steep learning curve for users accustomed to Excel
- Enterprise-level pricing not ideal for small teams or individuals
- Limited third-party integrations and community resources
Best For
Enterprise financial analysts and planning teams handling intricate multi-dimensional feasibility studies with large-scale data.
Pricing
Custom enterprise pricing; annual subscriptions typically start at $5,000+ per user with volume discounts.
Anaplan
enterpriseConnected planning platform enabling integrated financial, operational, and scenario-based feasibility modeling at enterprise scale.
Hyperblock technology enabling infinite hierarchies and lightning-fast recalculations for dynamic what-if scenario analysis
Anaplan is a cloud-based connected planning platform that excels in multidimensional financial modeling, scenario planning, and real-time collaboration for business forecasting and budgeting. For feasibility studies, it enables detailed what-if analyses, risk assessments, and financial projections by integrating data across departments. Its scalable architecture supports enterprise-level feasibility evaluations, from market entry to investment viability.
Pros
- Advanced multi-dimensional modeling for complex financial scenarios
- Real-time collaboration and data integration across teams
- Scalable for enterprise-wide feasibility studies with fast calculations
Cons
- Steep learning curve requiring training for non-experts
- High cost unsuitable for small teams or simple studies
- Overkill for basic feasibility assessments focused on non-financial aspects
Best For
Large enterprises needing robust financial modeling and scenario planning within comprehensive feasibility studies.
Pricing
Custom enterprise subscription pricing, typically starting at $25,000+ annually based on users, modules, and usage.
Workday Adaptive Planning
enterpriseCloud FP&A solution for collaborative budgeting, forecasting, and feasibility studies with real-time scenario planning.
Driver-based planning engine that dynamically links operational drivers to financial outcomes for precise scenario forecasting
Workday Adaptive Planning is a cloud-based enterprise planning platform that excels in financial budgeting, forecasting, and scenario modeling, making it suitable for conducting detailed feasibility studies. It supports driver-based planning, what-if analysis, and collaborative modeling to evaluate project viability across financial, operational, and risk dimensions. Seamlessly integrated with Workday's ERP and HCM solutions, it provides real-time data synchronization and customizable dashboards for stakeholder reporting.
Pros
- Robust scenario planning and what-if modeling for comprehensive feasibility assessments
- Deep integration with Workday ERP for accurate, real-time data inputs
- Scalable for enterprise-level complexity with collaborative multi-user access
Cons
- Steep learning curve for non-experts due to advanced customization
- High enterprise pricing limits accessibility for smaller organizations
- Overkill for simple feasibility studies without full Workday ecosystem
Best For
Large enterprises with Workday infrastructure needing sophisticated financial modeling for complex feasibility studies.
Pricing
Custom enterprise subscription pricing, typically starting at $50,000+ annually depending on users, modules, and deployment scale.
Enloop
specializedAutomated business plan generator with built-in financial projections, performance scoring, and feasibility evaluation tools.
AI-powered plan scoring that rates completeness and quality on a 100-point scale
Enloop is an AI-assisted business plan software that automates the creation of professional business plans, complete with financial forecasts, market analysis, and performance scoring. It guides users through structured templates to input data, generating text, charts, and projections suitable for assessing business viability. While strong in financial and market feasibility, it lacks dedicated modules for technical, operational, or legal feasibility analysis, making it more of a business planning tool adaptable for basic feasibility studies.
Pros
- Intuitive wizard-style interface simplifies plan creation
- Automatic financial forecasting with charts and projections
- Plan performance scoring provides objective feedback
Cons
- Limited depth for non-financial feasibility aspects like technical or risk analysis
- Customization options are basic compared to specialized tools
- Subscription required for full exports and advanced features
Best For
Small business owners or startups needing quick financial feasibility assessments within a business plan framework.
Pricing
Free limited plan; Detailed ($19.95/mo or $15/mo annually); Performance ($39.95/mo or $24/mo annually).
ProModel
specializedDiscrete event simulation software for analyzing operational feasibility, process optimization, and resource requirements.
ProcessOptimizer with SimRunner for automated, simulation-based multi-scenario optimization
ProModel is a leading discrete-event simulation software designed for modeling, analyzing, and optimizing complex processes in manufacturing, logistics, healthcare, and more. It enables users to conduct feasibility studies by simulating real-world scenarios, predicting outcomes, and testing 'what-if' analyses with detailed statistical outputs. The tool's 3D visualization and animation features make it easier to communicate results to stakeholders for informed decision-making.
Pros
- Robust discrete-event simulation engine for accurate feasibility modeling
- Advanced 3D animation and visualization for stakeholder presentations
- Built-in optimization tools like SimRunner for scenario testing
Cons
- Steep learning curve requiring simulation expertise
- High cost unsuitable for small teams or one-off studies
- Resource-intensive, demanding powerful hardware for large models
Best For
Industrial engineers and operations managers in manufacturing or logistics performing detailed process feasibility studies.
Pricing
Quote-based enterprise licensing; perpetual licenses start around $15,000-$25,000 with annual maintenance fees of 18-20%.
Lumivero @RISK
specializedRisk analysis tool using Monte Carlo simulation integrated with Excel for quantitative feasibility and uncertainty modeling.
Patented Monte Carlo simulation that natively runs in Excel spreadsheets
@RISK by Lumivero is an advanced risk analysis software that integrates directly with Microsoft Excel to enable Monte Carlo simulations and probabilistic modeling. It allows users to replace uncertain variables in spreadsheets with probability distributions, running thousands of iterations to generate risk-adjusted forecasts for metrics like NPV, IRR, and cash flows. Primarily used in feasibility studies for quantitative risk assessment, it provides tornado charts, sensitivity analysis, and scenario comparisons to evaluate project viability under uncertainty.
Pros
- Seamless integration with Excel for familiar spreadsheet workflows
- Powerful Monte Carlo simulation engine with customizable distributions
- Rich visualization tools like tornado and spider charts for risk insights
Cons
- Requires Microsoft Excel, limiting standalone use
- Steep learning curve for users new to probabilistic modeling
- Lacks built-in tools for non-quantitative feasibility aspects like market research
Best For
Financial analysts and project managers performing quantitative risk analysis in Excel-based feasibility studies.
Pricing
Perpetual license starts at $1,495 per user; annual subscription from $895; volume and academic discounts available.
Microsoft Project
enterpriseProject management software with scheduling, resource allocation, and cost analysis features for technical and schedule feasibility studies.
Critical Path Method (CPM) analysis for identifying essential project dependencies and bottlenecks in feasibility planning
Microsoft Project is a robust project management software that enables detailed planning, scheduling, resource allocation, and progress tracking for complex projects. For feasibility studies, it supports key elements like Gantt charts for timelines, budget forecasting, and resource estimation to assess project viability. While powerful for operational planning, it requires customization for specialized feasibility aspects such as market analysis or financial modeling. Its deep integration with the Microsoft ecosystem enhances collaboration and data visualization.
Pros
- Advanced Gantt charts and critical path analysis for timeline feasibility
- Comprehensive resource and cost management tools
- Seamless integration with Microsoft 365, Excel, and Power BI
Cons
- Steep learning curve for non-expert users
- High subscription costs not ideal for small teams or one-off studies
- Lacks built-in tools for non-PM feasibility elements like market research
Best For
Enterprise teams in the Microsoft ecosystem conducting detailed project planning and scheduling as part of feasibility assessments.
Pricing
Plans start at $10/user/month (Plan 1, web-only), $30/user/month (Plan 3), up to $55/user/month (Plan 5); desktop versions from $620 one-time or via Microsoft 365 subscriptions.
Smartsheet
enterpriseCollaborative work management platform with customizable templates for conducting project feasibility assessments and reporting.
Dynamic sheet automations that trigger workflows based on feasibility data changes, bridging spreadsheets and project management
Smartsheet is a cloud-based work management platform that blends spreadsheet functionality with project management tools, enabling users to build customizable sheets, dashboards, forms, and automations for organizing and analyzing data. It supports collaborative planning, task tracking, and reporting, making it adaptable for feasibility studies by structuring market, financial, technical, and operational data. While not purpose-built for feasibility analysis, its formulas, charts, and scenario modeling capabilities allow teams to evaluate project viability effectively.
Pros
- Highly flexible sheets and formulas for custom feasibility data analysis and scenario planning
- Real-time collaboration ideal for team-based viability assessments
- Extensive integrations with tools like Excel, Google Workspace, and CRM systems
Cons
- No native feasibility study templates or advanced financial modeling tools
- Steep learning curve for complex automations and advanced features
- Limited free tier; full capabilities require paid plans
Best For
Teams familiar with spreadsheets who need a collaborative platform to adapt for general project feasibility studies without specialized software.
Pricing
Pro plan at $7/user/month (annual billing), Business at $25/user/month, Enterprise custom; 30-day free trial available.
Conclusion
A thorough comparison of leading feasibility study tools reveals LivePlan as the top choice, excelling in automating financial forecasting and scenario analysis for startups and small businesses. PlanGuru stands out with its detailed cash flow projections and what-if scenarios, while Quantrix impresses through multi-dimensional modeling for complex, beyond-traditional spreadsheet assessments. These tools cater to diverse needs, simplifying the process of evaluating project viability.
Kickstart your feasibility studies with LivePlan to experience its intuitive automation and comprehensive features, turning complex analyses into clear, actionable insights.
Tools Reviewed
All tools were independently evaluated for this comparison
Referenced in the comparison table and product reviews above.