The Feasibility Study
The Feasibility study is an analysis of possible alternative solutions to a problem and a recommendation on the best alternative. It can decide whether a process be carried out by a new system more efficiently than the existing one.
The feasibility study should examine three main areas; - market issues, - technical and organizational requirements, - financial overview. The results of this study are used to make a decision whether to proceed with the project, or table it. If it indeed leads to a project being approved, it will - before the real work of the proposed project starts - be used to ascertain the likelihood of the project's success.
• A feasibility study should provide management with enough information to decide:
1. Whether the project can be done;
2. Whether the final product will benefit its intended users;
3. What are the alternatives among which a solution will be chosen (during subsequent phases)?
4. Is there a preferred......
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