The document discusses the purpose and components of a feasibility study for a proposed IT system. A feasibility study evaluates the costs and benefits to determine if a project should proceed. It assesses technical feasibility by evaluating hardware, software, and technology requirements. It also considers operational feasibility by examining human, organizational, and political factors. Additionally, it analyzes economic feasibility by identifying one-time and recurring costs and determining if the benefits outweigh the costs. The feasibility study helps a steering committee decide whether a proposed system is viable.