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 ?
He also directed health officials to prepare a feasibility report and PC-I of the hospital for initiating work.
The RM6.3 billion undersea tunnel and three paired roads project was awarded to Consortium Zenith in 2013 and they were given until April 30,2016 to complete the feasibility report.
Feasibility report contains cost of construction, medical equipments, human resource and cost of running hospital.
Khetaguri said that a tri-lateral agreement was signed on the level of ministers for the project and that a company was now being founded in Romania which would draft the feasibility report and then begin to search for investors to build terminals are related infrastructure in Georgia and Romania.
The feasibility report was submitted by OVL and its partners - the Indian Oil Corporation (IOC) and Oil India Ltd last December.
But the feasibility report says, ``The ecological factors do not pose an insurmountable obstacle to the scheme.''
Operating partners are responsible for a detailed analysis of operating statements, expenses and associated costs, and also provide input for the financial feasibility report that is prepared by Cambridge for the institutional partner.
The meeting also decided to ink feasibility report within a week to restore passenger flights from Islamabad to Muzaffarabad.
On the occasion, Advisor to CM directed officers of KP IT Board to prepare feasibility report for Digital Skill Based Training for students.
According to a university official, the government has allocated Rs50 million for the project and a feasibility report has been prepared by a renowned company.
According to media reports, directions have been given to directorate of colleges for preparation of a feasibility report of colleges in this regard.
This project is estimated to cost $7 to $8 billion, which would be ascertained after the finalization of the feasibility report.