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feasibility study

   Also found in: Dictionary/thesaurus, Financial, Acronyms, Wikipedia 0.01 sec.
feasibility study
The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented.
feasibility study [‚fēz·ə′bil·əd·ē ‚stəd·ē]
(systems engineering)
A study of applicability or desirability of any management or procedural system from the standpoint of advantages versus disadvantages in any given case.
A study to determine the time at which it would be practicable or desirable to install such a system when determined to be advantageous.
A study to determine whether a plan is capable of being accomplished successfully.
feasibility study
A detailed investigation and analysis conducted to determine the financial, economic, technical, or other advisability of a proposed project.
(systems analysis)feasibility study - Part of the systems develpment life cycle which aims to determine whether it is sensible to develop some system. The most popular model of feasibility study is "TELOS", standing for Technical, Economic, Legal, Operational, Schedule.

Technical Feasibility: does the technology exist to implement the proposed system? Is it a practical proposition?

Economic Feasibility: is the system cost-effective? Do benefits outweigh costs?

Legal Feasibility: is there any conflict between the proposed system and legal requirements, e.g. the Data Protection Act?

Operational Feasibility: are the current work practices and procedures adequate to support the new system?

Schedule Feasibility: can the system be developed in time?

After the feasibility study, the requirements analysis should be carried out.
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Ltd have announced the selection of JGC Corporation as the Project Management Services Contractor to conduct a feasibility study for the development of the Rabigh Phase II Project Saudi Arabian Oil Company ("Saudi Aramco") and Sumitomo Chemical Co.
Aramco, Sumitomo Chemical select Project Management Services ... by Mena Report
A feasibility study into building the road from Swans Corner at Nunthorpe to Longlands in Middlesbrough has been commissioned by Middlesbrough and Redcar and Cleveland Councils.
Hopes as bypass study is planned by Evening Gazette (Middlesbrough, England)
s commercial real estate market; however, an investor should be wary of investing their money in such opportunities unless a feasibility study shows positive results These studies, completed by independent third party companies, take into consideration a number of different characteristics in order to come to some sort of conclusion about the predicted financial success of a particular self storage facility There are many units or facilities of self storage for sale in today?
Self Storage for Sale ? the Helpfulness of Feasibility Study by Chris Anderson, PhD / Business community
 
 
 
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