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FEASILIBITY STUDY: A Feasibiulity study is a test of a system proposal according to its workability, impact on the organization ability to meet user needs, and effective uses of resources.

It fopcuses on three major questions:

a) What are the user's demonstrable needs and how does a candidate system meet them?

b) what resources are available for a given candidate system? It is problem worth solving?

c) What is the impact of the candidate system on organization?

These question's answer revalue around investigation and evaluation of the performance and the cast of each system and final selection of best system.

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Related questions

Why is feasibility study important for system design?

Why is feasibility study important for system design?Read more: Why_is_feasibility_study_important_for_system_design


What is the general objectives of the feasibility study?

Feasibility is the study of whether or not a project is worth doing. The process followed in making this determination is called a feasibility study. The main objective of the feasibility study is to prepare 1) Project Specification 2) Cost Benefit Analysis 3) Prepare Feasibility Report. The project specification has all the information about the project which is more like a guideline for the project. It gives a great insight to the management about the kind of investment involved for undertaking a project along with the manpower, hardware, software and other factors. Cost Benefit analysis is a method to identify the gross benefit involved in the development and implementation of a new system. Basically, it tells the organization whether they are economically prepared for the project. Feasibility Report contains various feasibility studies like:- Technical Feasibility Economic Feasibility Operational Feasibility Social Feasibility Time Feasibility Management Feasibility And Legal Feasibility.


How do you make feasibility study on machine shop?

In order to make a feasibility study on machine shop, you would need to factor in all the aspects which makes the idea viable. This may include cost of set up, production output, maintenance cost and much more.


Why was it important for mendel to study such a large sample of pea plant?

(Apex Learning) A higher sample size gives more accurate results.


Explain all the inter-related types of feasibility studies?

What are the Types of Feasibility StudiesThere are many different types of feasibility studies; here is a list of some of the most common:Technical Feasibility - does the company have the technological resources to undertake the project? Are the processes and procedures conducive to project success?Schedule Feasibility - does the company currently have the time resources to undertake the project? Is the project completable in the available time?Economic Feasibility - given the financial resources of the company, is the project something that can be completed? The economic feasibility study is more commonly called the cost/benefit analysis.Cultural Feasibility - what will the impact on both local and general cultures be? What sort of environmental implications does the feasibility study have?Legal/Ethical Feasibility - what are the legal implications of the project? What sort of ethical considerations are there? You need to make sure that any project undertaken will meet all legal and ethical requirements before the project is on the table.Resource Feasibility - do you have enough resources, what resources will be required, what facilities will be required for the project, etc.Operational Feasibility - this measures how well your company will be able to solve problems and take advantage of opportunities that are presented during the course of the projectMarketing Feasibility - will anyone want the product once its done? What is the target demographic? Should there be a test run? Is there enough buzz that can be created for the product?Real Estate Feasibility - what kind of land or property will be required to undertake the project? What is the market like? What are the zoning laws? How will the business impact the area?Comprehensive Feasibility - this takes a look at the various aspects involved in the project - marketing, real estate, cultural, economic, etc. When undertaking a new business venture, this is the most common type of feasibility study performed.Arun Agrawal9456261654


Why was it important for Mendel to study such a large sample pea plants to determine the probability of inheritance?

Answer D- A higher sample size gives more accurate results- APEX LEARNING


Why was it important to Mendel to study such a large sample of pea plants to determine the probability of inheritance?

Answer D- A higher sample size gives more accurate results- APEX LEARNING


What are the advantages of a feasibility study?

It should help you validate assumptions you have which are key to a decision you're making about a project. You wouldn't want to do a study on every assumption but certain ones (e.g. population growth, churn, etc.) can be looked at closely in a study like this to give you more comfort on decisions.


Advantages and disadvantages of feasibility study?

Some strength I wrote for given case study in my assignment There are various strengths to carrying out a feasibility study, which essentially evaluates the viability of a strategy or plan to achieve improved outcomes. Feasibility studies are frequently used by businesses to increase earnings and prevent potential future losses. Feasibility studies have the following strengths: i Can improve earnings and save money Feasibility studies may be performed to examine consumer demand for a good or service and provide people with the information they need to decide if a venture will be profitable. E-Solution private limited may be able to reduce production costs if there is insufficient demand for a good or service. Only a feasibility study will be able to determine the level of demand from potential clients. If a product is in demand, E-Solution Private Limited might boost earnings by producing the item in accordance with the majority of client requirements. ii The efficient utilization of resources E-Solution Private Limited can make efficient use of resources thanks to feasibility studies, which ultimately saves the organization money and time. CEOs or project managers can utilize their own resources instead of spending money on things they might not require, as revealed by a feasibility study. iii Marketing is made simple. A feasibility study can help the project team understand the market and present demand for E-Solution Private Limited's goods and services. As a result, the project team will be able to promote E-Solution Private Limited's goods or services more effectively and target niche markets that will be more strength to the company. iv Deadlines By using feasibility studies, the project team is able to set deadlines for each stage of the project and offer E-Solution Private Limited a goal to strive for. This helps the project team stay on task and offers them a better understanding of how to advance the project's goals. v Making wise decisions One of the key strength of feasibility studies is that they help the project team make educated decisions about their plans, which are frequently the best ones for pushing the E-Solution Private Limited project forward.


Why was it important for mendel study such a large sample of pea plants?

(Apex Learning) A higher sample size gives more accurate results.


How to you make a feasibilty study?

Based on the size and/or complexity of the situation, the study effort may be broken down into smaller, more manageable pieces and prioritized accordingly. The typical process steps to conducting a feasibility study include those outlined below. It must be noted that these steps are often be conducted concurrently, iteratively and, in fact, some steps may be omitted entirely, depending on the complexity and criticality of the effort. Business Analysts uses this analysis in project management. Process steps include: Determine requirements for the study Determine objectives, scope and approach, and plan the effort Conduct a current state assessment Identify potential solutions Determine the feasibility of each option Document and communicate the results of the study, and obtain approval to develop the Business Case for the recommended solution. Online IT Guru provides Business Analyst courses with live projects. Check out for more details.


Why did Mendel study such a large sample of pea plants to determine the probability of inheritance?

The more samples you use, the closer your results will match probability.