Technology and System Feasibility
This involves questions such as whether the=== Operational feasibility === Is a measure of how well a proposed system solves the problems, and takes advantages of the opportunities identified during scope definition and how it satisfies the requirements identified in the requirements analysis phase of system development.
A project will fail if it takes too long to be completed before it is useful. Typically this means estimating how long the system will take to develop, and if it can be completed in a given time period using some methods like payback period.
Market and Real Estate Feasibility
Market Feasibility Study typically involves testing geographic locations for a real estate development project, and usually involves parcels of real estate land. Developers often conduct market studies to determine the best location within a jurisdiction, and to test alternative land uses for a given parcels. Jurisdictions often require developers to complete feasibility studies before they will approve a permit application for retail, commercial, industrial, manufacturing, housing, office or mixed-use project. Market Feasibility take into account the importance of the business in the selected area.
This involves questions such as how much time is available to
build the new system, when it can be built, whether it interferes
with normal business operations, type and amount of resources
required, dependencies, etc. Contingency and mitigation plans
should also be stated here.
In this stage, the project's alternatives are evaluated for their
impact on the local and general culture. For example,
environmental factors need to be considered and this factors are
to be well known. Further an enterprise's own culture can clash
with the results of the project.
of a proposed project
to determine if it (1) is technically feasible, (2) is feasible within the
and (3) will be profitable. Feasibility studies are almost
always conducted where large sums are at stake. Also called feasibility
analysis. See also cost