Feasibility Study Is an evaluation and analysis of a project or system that somebody has proposed The study tries to determine whether the project is technically and financially feasible Determines whether a project makes good business sense Types of Feasibility Studies MARKET STUDY TECHNICAL STUDY FINANCIAL STUDY SOCIO-ECONOMIC STUDY ORGANIZATION AND MANAGEMENT STUDY MARKET STUDY TO ESTIMATE THE PROBABILITY THAT A PRODUCT, SERVICE OR CUSTOMER EXPERIENCE STRATEGY WILL SUCCEED IN THE MARKET. CUSTOMER NEEDS PERCEPTIONS DEMAND POSITIONING AND COMPETITION TECHNICAL STUDY VALIDATING THAT A GIVEN TECHNOLOGY CAN SUPPORT REQUIREMENTS OR THAT A GOAL IS TECHNICALLY POSSIBLE.
DOES THE COMPANY HAVE THE TECHNOLOGICAL RESOURCES TO
UNDERTAKE THE PROJECT? ARE THE PROCESSES AND PROCEDURES CONDUCIVE TO PROJECT SUCCESS?