FUNDAMENTALS OF COMPUTER

Detailed explanation-1: -A feasibility study is an assessment of the practicality of a proposed plan or project. A feasibility study analyzes the viability of a project to determine whether the project or venture is likely to succeed.

Detailed explanation-2: -Two criteria should be considered when judging feasibility: the required cost and expected value. A feasibility study is a comprehensive evaluation of a proposed project that evaluates all factors critical to its success in order to assess its likelihood of success.

Detailed explanation-3: -A feasibility study is simply an assessment of the practicality of a proposed project plan or method. This is done by analyzing technical, economic, legal, operational and time feasibility factors. Just as the name implies, you’re asking, “Is this feasible?”

Detailed explanation-4: -Technical feasibility is a standard practice for companies to conduct feasibility studies before commencing work on a project. Businesses undertake a technical feasibility study to assess the practicality and viability of a product or service before launching it.

Detailed explanation-5: -Project feasibility is the study of a project’s various elements to determine if it has the potential for success. Before a project begins, a company can evaluate the project’s feasibility to identify obstacles, form strategies to overcome them and ultimately attract investors.