FEASIBILITY STUDY
  • Feasibility study examines the viability or 
   sustainability of an idea, project, or business. 
   The study examines whether there are enough 
   resources to implement it, and the concept has 
   the potential to generate reasonable profits. 
  • In addition, it will demonstrate the benefits 
   received in return for taking the risk of 
   investing in the idea.
      TYPES OF FEASIBILITY
  • TECHNICAL FEASIBILITY
  • ECONOMIC FEASIBILITY
  • OPERATIONAL FEASIBILITY
  • LEGAL FEASIBILITY
  • TIME FEASIBILITY
      TECHNICAL FEASIBILITY
  • Technical feasibility includes checking for accessibility 
   to technical resources and applications within the 
   organization. 
  • If the resources already exist, we must then determine 
   if the technical team can customize the technology 
   into new working systems for the project. 
  • Not only do we need the correct technical resources, 
   but the equipment also needs to be evaluated to 
   ensure it has the proper hardware and software for 
   the proposed plan.
     ECONOMIC FEASIBILITY
  • Economic feasibility allows the company to 
   determine the cost and benefits analyses, 
   which helps provide decision-makers with a list 
   of potential economic benefits to the 
   organization. 
  • They need to know the total cost, including 
   accidental expenses, so that during the 
   project, they may be able to anticipate any 
   potential unforeseen monetary challenges.
     OPERATIONAL FEASIBILITY
  • Operational feasibility assesses how well a 
   proposed plan fits within the existing business 
   environment, and if developed, whether 
   current purchasers will use it. 
  • Some variables that affect the outcome of this 
   analysis are whether management support, 
   how buyers feel about the current system in 
   place and if the proposed system will benefit 
   the organization.