feasibility analysis

Feasibility studies aim 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.[1][2] In its simplest terms, the two criteria to judge feasibility are cost required and value to be attained.[3]
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.[1] 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.[citation needed] It must therefore be conducted with an objective, unbiased approach to provide information upon which decisions can be based.[citation needed]
Feasibility study topics echo[edit]
Common factors[edit]
The acronym TELOS refers to the five areas of feasibility - Technical, Economic, Legal, Operational, and Scheduling.
Technology and system feasibility
The assessment is based on an outline design of system requirements, to determine whether the company has the technical expertise to handle completion of the project. When writing a feasibility report, the following should be taken to consideration:
A brief description of the business to assess more possible factors which could affect the study
The part of the business being examined
The human and economic factor
The possible solutions to the problem
At this level, the concern is whether the proposal is both technically and legally feasible (assuming moderate cost).
Legal Feasibility
Determines whether the proposed system conflicts with legal