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Question: What do you mean by feasibility study ?

Posted by: J.r. B. on 19.11.2015

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Answer:

Feasibility study is just a work done before a project or assignment or task. This study tells that is it really possible to complete this project or assignment with the given time,resources and infrastructure. 

Answer:

It is the measure and the study of how beneficial the development of the system would be to the organization. This is known as feasibility study. The measurement of feasibility is known as feasibility study. There are number of aspects which are taken into consideration while the feasibility studies. Firstly the project team is formed then with the help of flowcharts and other forms of documentations the characteristics of the system are identified. The system is evaluated and measured against the expected performance. A suitable candidate is selected for the job and a final report is made and presented to the management for further evaluations.

 There are number of steps in the feasibility study, some of them are

 1) Forming a team for the specific project and appointing a suitable leader.

 2) Preparing layouts and flowcharts of the system.

 3) Enumerate the candidate systems.

 4) Identify and describe the characters of the candidate systems.

 5) Determining the performance of each candidate system with the standards set.

 6) Reviewing the performance of the system and performing the cost analysis.

 7) Selecting the best candidate for the system and preparing the final report for the management.

Answer:

Feasibility study is to check whether the given task is technically possible to do with in given time, budget and resources.

Answer:

An analysis and evaluation of a proposed project to determine if it (1) is technically feasible, (2) is feasible within the estimated cost, and (3) will be profitable

Answer:

an assessment of the practicality of a proposed plan or method.

Answer:

A feasibility study aims to objectively and rationally uncover the strengths and weaknesses of an existing business or proposed venture, opportunities and threats present in the environment, the resources required to carry through, and ultimately the prospects for success.In its simplest terms, the two criteria to judge feasibility are cost required and value to be attained.

A well-designed feasibility study should provide a historical background of the business or project, a description of the product or service, accounting statements, details of the operations and management, marketing research and policies, financial data, legal requirements and tax obligations.Generally, feasibility studies precede technical development and project implementation.

A feasibility study evaluates the project's potential for success; therefore, perceived objectivity is an important factor in the credibility of the study for potential investors and lending institutions.It must therefore be conducted with an objective, unbiased approach to provide information upon which decisions can be based.

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