feasibility study

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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

An analysis of the possibilities for a project or structure; which typically includes factors regarding zoning, alternative uses, building codes, financial, environmental, design and historic significance.

feasibility study

A detailed investigation and analysis conducted to determine the financial, economic, technical, or other advisability of a proposed project.

feasibility study

(systems analysis)
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.

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.
References in periodicals archive ?
3) calculate weights for each factor using the analytic hierarchy process (AHP) and develop a feasibility analysis model based on Monte Carlo simulations;
Each training recipient was asked (he or she knew this in advance) to use their newly gained knowledge by: (1) training an additional 10 technical assistance providers in their state, and (2) presenting a feasibility analysis and a business plan for a designated agricultural marketing cooperative in their community.
Therefore, a feasibility analysis should also consider certain ownership and capitalization issues.
"One of the things you have to build into the feasibility analysis of your valuation," says Lubarsky, "is what kind of major improvements are going to have to take place in the physical plant over the next five or ten years.
Studley's development advisory professionals assist brokerage teams company-wide with consulting capabilities in land use, entitlement procedures, construction, feasibility analysis, financial engineering and public-private partnerships.
Tommy Heinrich, project manager for AIDEA, says, "This is basically a marketing and feasibility analysis study.
He also worked at HVS International's New York office, where he consulted on more than $2 billion in hospitality real estate, including expert testimony, valuations, feasibility analysis, operational consulting and strategic marketing initiatives.
During the 203k consultation process, 203k consultants will complete a feasibility analysis, which will determine the scope of the repairs required on the property.
Peter Linneman, chief economist of NAI Global and principal of Linneman Associates, a company that provides strategic research, M&A analysis, market studies and feasibility analysis to a number of leading U.S.