FEASIBILITY STUDY
\fˌiːzəbˈɪlɪti stˈʌdi], \fˌiːzəbˈɪlɪti stˈʌdi], \f_ˌiː_z_ə_b_ˈɪ_l_ɪ_t_i s_t_ˈʌ_d_i]\
Definitions of FEASIBILITY STUDY
- 2010 - Medical Dictionary Database
- 1910 - Black's Law Dictionary (2nd edition)
- 1985 - The Free On-line Dictionary of Computing
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Studies to determine the advantages or disadvantages, practicability, or capability of accomplishing a projected plan, study, or project.
By DataStellar Co., Ltd
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Analyzing to see if a project is technically doable, cost effective, and profitable. AKA feasibilty analysis. Refer to cost benefit analysis.
By Henry Campbell Black
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Part of the systems develpment life cyclewhich aims to determine whether it is sensible to develop somesystem. The most popular model of feasibility study is"TELOS", standing for Technical, Economic, Legal, Operational,Schedule.Technical Feasibility: does the technology exist to implementthe proposed system? Is it a practical proposition?Economic Feasibility: is the system cost-effective? Dobenefits outweigh costs?Legal Feasibility: is there any conflict between the proposedsystem and legal requirements, e.g. the Data Protection Act?Operational Feasibility: are the current work practices andprocedures adequate to support the new system?Schedule Feasibility: can the system be developed in time?After the feasibility study, the requirements analysisshould be carried out.
By Denis Howe
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