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 ?
The parties will provide the developer of the feasibility study with all the necessary information, including data on the parameters of power plants, electric networks, control systems and emergency control systems, telemetry information transmission systems, and consumer load.
'However, after conducting the feasibility study, the final cost of the gas supply project will be assessed by Gazprom,' said sources.
The parliamentarians were told that the feasibility study of the dam was conducted five years ago but China later proposed to carry out a fresh feasibility study in three years but was unacceptable.
Contracts for the Araguaia feasibility study went to the WorleyParsons Group to undertake process engineering, Snowden Mining Industry Consultants to undertake mine planning and mineral resource and reserve estimates, and Environmental Resources Management (ERM) to undertake the hydrogeology and environmental and social permitting.
A feasibility study is an integral part of cooperative business development and should be undertaken by an experienced development practitioner.
JOGMEC funding is in place to advance the project through completion of a feasibility study.
has been engaged as of September 2016 to provide a feasibility study for a 143 unit residential for-sale grouping of houses and attached condominium unit rental community on about 31.46[+ or -] acres located in Santa Rosa, California.
Although at the start of every year, the start of the construction of a gas supply network is also announced, in reality this process has not yet begun as the company to draft the feasibility study is still being looked for.
TWO of Wales' biggest colleges will consider a merger after the launch of a feasibility study into closer partnership working.
Transportation Undersecretary for Project Implementation Julianito Bucayan said the final site for the new port in Cebu will depend on the outcome of the feasibility study that is still being conducted.
Forsys Metals Corporation recently announced it will initiate a feasibility study for its Norasa uranium project.
The Swiss company Holinger won the tender for development of the feasibility study for Tokmok water supply and drainage system rehabilitation, AKIpress was told in Tokmok mayor's office.