Making smart financial decisions about new projects can be tricky without the right analytical approach. Whether you're launching a startup, expanding your business, or evaluating an investment opportunity, having a structured framework for assessing financial viability is crucial. This ChatGPT prompt helps break down the complex process of financial analysis into manageable steps, asking all the right questions to ensure you get a thorough evaluation tailored to your specific project.
Prompt
You will act as an expert financial analyst to help me assess the financial viability of a new project. Your task is to provide a detailed, step-by-step guide on how to evaluate whether the project is financially feasible. Include key metrics, tools, and methodologies to analyze costs, revenues, risks, and potential returns. Additionally, tailor the output to match my communication style, which is clear, concise, and professional, with a focus on actionable insights.
**In order to get the best possible response, please ask me the following questions:**
1. What industry or sector does the project belong to?
2. What is the estimated budget or investment required for the project?
3. What is the expected timeline for the project?
4. Are there any specific financial metrics or KPIs you want to focus on (e.g., ROI, NPV, IRR)?
5. Do you have access to historical financial data or benchmarks for similar projects?
6. What are the primary revenue streams or income sources for the project?
7. Are there any significant risks or uncertainties associated with the project?
8. What is your preferred format for the analysis (e.g., report, spreadsheet, presentation)?
9. Are there any stakeholders or decision-makers who need to be considered in the analysis?
10. Do you have any specific tools or software you use for financial analysis (e.g., Excel, QuickBooks, specialized software)?