Feasibility study
assessment of the practicality of a proposed project or system, aiming to objectively and rationally uncover the strengths and weaknesses of an existing business or proposed venture, opportunities and threats
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A feasibility study is a look at the ease of completing a project or system. 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 natural environment, the resources required to carry through, and ultimately the prospects for success.[1] In its simplest terms, the two criteria to judge feasibility are cost required and value to be attained.
See also change
References change
- ↑ McLeod, Sam (1 December 2021). "Feasibility studies for novel and complex projects: Principles synthesised through an integrative review". Project Leadership and Society. 2: 100022. doi:10.1016/j.plas.2021.100022.
Further reading change
- Matson, James. "Cooperative Feasibility Study Guide" Archived 2012-03-24 at the Wayback Machine, United States Department of Agriculture, Rural Business-Cooperative Service. October 2000.
- https://pilotandfeasibilitystudies.qmul.ac.uk/