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 ?
Interested parties must submit their expressions of interest and identify the specific utility component they would want to cover in the feasibility study by June 20 this year.
To undertake a feasibility study on location options for Circle of Life Thunderbird House programs.
The completed feasibility study will include demographic and financial analyses and recommendations concerning whether and how the organization should proceed with PACE development.
Cash flow should be addressed as part of a feasibility study.
The feasibility study should not create an illusion that the design is "fail safe.
At the Galore Creek project, the Company plans to spend approximately $40 million on programs that are planned to lead to completion of a feasibility study in the second half of 2006 and to assist permit completion in 2007.
Jaguar is filing its feasibility study for the mine in Q1 2006;
The increase in spending was related to the definition drilling program and feasibility study initiated in May 2005.
AXMIN is sufficiently confident of the economic potential of the Passendro Gold Project that it has already commenced the 12 month environmental baseline study, under the supervision of the independent Golder Associates (UK) Limited and has also commenced infill drilling to feasibility study standards under the guidance of independent SRK (UK) Ltd.
Crowflight, the Company)(TSX VENTURE:CML) is pleased to announce the filing of the Feasibility Study for the Bucko Lake Nickel Project Wabowden, Manitoba, recently completed by Micon International.
This completes resource definition drilling which will be incorporated in PolyMet's soon to be completed feasibility study.
will be used to fund the completion of the feasibility study of the Kamoto Joint Venture under the Option Agreement;