How to you make a feasibilty study?

Answer 1

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.

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Answer 2

A feasibility study is typically conducted by gathering and analyzing relevant data to assess the viability of a proposed project. The study should include an analysis of the project's goals, potential risks, costs, timeline, and expected benefits. Once all these factors are evaluated, a decision can be made on whether to move forward with the project.

Answer 3

Feasibility by definition means the likelyhood of a project being finished.