The document discusses feasibility studies, which aim to independently assess all aspects of a proposed project, including technical, economic, legal, and environmental considerations, to determine if it is viable. There are five main types of feasibility studies: technical, economic, legal, operational, and scheduling. A feasibility study process typically involves information assessment, collection, and reporting. It helps determine if a project is worth pursuing and provides a plan and budget if it moves forward.

1. Feasibility Study

2. What do you mean by feasibility
studies?
• A feasibility study is a preliminary exploration
of a proposed project or undertaking to
determine its merits and viability.
• A feasibility study aims to provide an
independent assessment that examines all
aspects of a proposed project, including
technical, economic, financial, legal, and
environmental considerations.

3. What is feasibility study and its
features?
• A feasibility study—sometimes called a
feasibility analysis or feasibility report—is a
way to evaluate whether or not a project plan
could be successful.
• A feasibility study evaluates the practicality of
your project plan in order to judge whether or
not you're able to move forward with the
project.

4. Understanding A Feasibility Study
• Project management is the process of
planning, organizing, and managing resources
to bring about the successful completion of
specific project goals and objectives.
• A feasibility study is a preliminary exploration
of a proposed project or undertaking to
determine its merits and viability.

5. • A feasibility study aims to provide an
independent assessment that examines all
aspects of a proposed project, including
technical, economic, financial, legal, and
environmental considerations.
• This information then helps decision-makers
determine whether or not to proceed with the
project.

6. • The feasibility study results can also be used
to create a realistic project plan and budget.
Without a feasibility study, it cannot be easy
to know whether or not a proposed project is
worth pursuing.

7. Types of Feasibility Study
• There are five types of feasibility study—
– 1. Technical Feasibility
– 2. Economic Feasibility
– 3. Legal Feasibility
– 4. Operational Feasibility
– 5. Scheduling Feasibility

8. Technical Feasibility –
• In Technical Feasibility current resources both
hardware software along with required
technology are analyzed/assessed to develop
project. This technical feasibility study gives
report whether there exists correct required
resources and technologies which will be used
for project development. Along with this,
feasibility study also analyzes technical skills and
capabilities of technical team, existing
technology can be used or not, maintenance and
up-gradation is easy or not for chosen
technology etc.

9. Operational Feasibility –
• In Operational Feasibility degree of
providing service to requirements is
analyzed along with how much easy
product will be to operate and
maintenance after deployment. Along with
this other operational scopes are
determining usability of product,
Determining suggested solution by
software development team is acceptable
or not etc.

10. Economic Feasibility –
• In Economic Feasibility study cost and benefit of
the project is analyzed. Means under this
feasibility study a detail analysis is carried out
what will be cost of the project for development
which includes all required cost for final
development like hardware and software
resource required, design and development cost
and operational cost and so on. After that it is
analyzed whether project will be beneficial in
terms of finance for organization or not.

11. Legal Feasibility –
• In Legal Feasibility study project is
analyzed in legality point of view. This
includes analyzing barriers of legal
implementation of project, data protection
acts or social media laws, project
certificate, license, copyright etc. Overall it
can be said that Legal Feasibility Study is
study to know if proposed project conform
legal and ethical requirements.

12. Schedule Feasibility –
• In Schedule Feasibility Study mainly
timelines/deadlines is analyzed for
proposed project which includes how
many times teams will take to
complete final project which has a
great impact on the organization as
purpose of project may fail if it can’t
be completed on time.

13. Aim of feasibility study :
• the overall objective of the organization
are covered and contributed by the
system or not.
• the implementation of the system be
done using current technology or not.
• can the system be integrated with the
other system which are already exist

14. Feasibility Study Process :
• The below steps are carried out during
entire feasibility analysis.
1. Information assessment
2. Information collection
3. Report writing
4. General information

15. Need of Feasibility Study :
• Feasibility study is so important stage
of Software Project Management
Process as after completion of feasibility
study it gives a conclusion of whether to
go ahead with proposed project as it is
practically feasible or to stop proposed
project here as it is not right/feasible to
develop or to think/analyze about
proposed project again.

16. • Along with this Feasibility study helps in
identifying risk factors involved in
developing and deploying system and
planning for risk analysis also narrows
the business alternatives and enhance
success rate analyzing different
parameters associated with proposed
project development.

17. Feasibility Report Includes
• A high-level plan with the most
important activities and milestones
• Discussion of business considerations
• Risk analysis. What could be the
problem? What is your fallback plan?

18. Feasibility Study Report

19. 1. Definitions, acronyms, and
abbreviations
• This section should contain brief
descriptions of possible definitions,
acronyms, and abbreviations.
• These are displayed so that anyone can
interpret them correctly.
• If not, please explain that it is not
applicable. It must be listed in
alphabetical order.

20. 2. Overview
• Use this section to describe what
is included in the rest of the
software proof-of-concept
documentation. It is similar to the
end of the introduction of an
academic paper.

21. 3. Purpose
• Clearly and concisely describe the
purpose of the project. Lighting traits
focus on the management level. Use
infinitives.

22. 4. Scope/Range
• Describe the project’s scope and
highlight which aspects are covered
and which are not. For uncovered
aspects: Justify why they are not
covered.

23. 5. Current diagnosis
• Describe your current situation. Describe
the software, its version, the supplier, a
brief description of its characteristics,
and how it is used.
• Highlight the current environment and
the difficulty of that environment.
• Attach supporting documents such as
receipts, contracts, spreadsheets,
reports, etc.

24. 6. Requirement
• One of the key points of the
feasibility study document is covered
in a dedicated post on requirements.

25. 7. Proposed alternative
• List all alternatives for solving the
problem, including the one you
suggested. Look for similar solutions
in the market or academic research
in this area. Consider analysis time,
implementation, and training time
for the proposed tool.

26. 8. Benefits
• State the expected benefits of
implementing the system. Tangible
and intangible benefits.

27. 9. Cost
• Allocate costs for implementing
alternatives as accurately as possible.
• Please enter the source of the expense.
risk Identify potential risks associated
with alternatives.
• It also identifies preventive and
emergency measures. Consider different
risks such as people; organization, tools;
and requirements.

28. 10. Timeline
• Presentation of preparatory
activities, including dates and
resources. Based on the phases of
software development.

29. Feasibility Studies: Common Problems
• The scope of the report is uncertain. Without
a clear definition of the range, this is the case
• It is unclear whether the project is feasible.
• The plan does not describe activities in
sufficient detail to estimate effort.
• Believable.
• The project is too unclear. The report must
describe how you will act. Monitor progress
and adjust scope as needed.

30. Conclusion
• A pre-feasibility study can save time and
money when planning new software
projects because it helps plan them
efficiently.
• This project helps determine whether a
new system is technically viable before
investing in its development.
• Therefore, it is crucial in software
engineering.