What are the five components of feasibility study?

Answer 1

A feasibility study typically includes five key components:

1. Technical Feasibility assesses whether the project can be successfully developed with the current technology and resources.
2. Economic Feasibility evaluates the financial aspects, including cost-benefit analysis and funding sources.
3. Legal Feasibility examines any legal or regulatory requirements that may impact the project.
4. Operational Feasibility analyzes whether the organization has the capacity and resources to implement the project.
5. Schedule Feasibility considers the timeline for project completion and whether it aligns with organizational goals.