This document discusses the importance of feasibility reports in technical communications and business situations. It provides explanations of key terms and concepts related to feasibility studies. Specifically, it addresses the following key points:
1) A feasibility report analyzes the technical, economic, legal, operational, and schedule feasibility of a proposed system to determine if it is effective and can be implemented successfully.
2) Major components of a feasibility report include an executive summary, descriptions of feasibility study findings, and recommendations.
3) Feasibility studies are necessary for business situations like determining the best location for a new project, evaluating the potential impact of a new system, and deciding how to implement a plan effectively.