We analyse the ability to complete a project successfully, taking into account legal, economic, technological, scheduling and other factors. A feasibility study provides all the necessary information about the positive and negative outcomes of a project, to fully inform the client before investing too much time and money into the project. This allows them to make an informed decision about whether or not the project will succeed.
- A brief description of the business to assess more possible factors that could affect the study.
- The part of the business being examined.
- The human and economic factor.
- The possible solutions to the problem.
The operational feasibility assessment focuses on the degree to which the proposed development projects fits in with the existing business environment and objectives with regard to development schedule, delivery date, corporate culture, and existing business processes.
The technical feasibility assessment is focused on gaining an understanding of the present technical resources of the organisation and their applicability to the expected needs of the proposed system. It is an evaluation of the hardware and software and how it meets the need of the proposed system.
Schedule feasibility is a measure of how reasonable the project timetable is. Given our technical expertise, are the project deadlines reasonable? Some projects are initiated with specific deadlines. It is necessary to determine whether the deadlines are mandatory or desirable.