REQUIREMENTS ENGINEERING
REQUIREMENTS GATHERING AND ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In terms of savings or in profit to the firm.
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In goods.
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In profit and stipends.
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None of the above.
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Detailed explanation-1: -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-2: -A feasibility study is designed to help decision-makers determine whether or not a proposed project or investment is likely to be successful. It identifies both the known costs and the expected benefits. In business, “successful” means that the financial return exceeds the cost.
Detailed explanation-3: -There are four main elements that go into a feasibility study: technical feasibility, financial feasibility, market feasibility (or market fit), and operational feasibility.