Table of Contents
What is feasibility example?
For example, an automobile prototype is a tool for the feasibility study, an experiment on rats to develop a new medicine is a procedure of feasibility analysis, checking the configuration and features before purchasing a laptop resembles feasibility tests.
What is financial aspect in feasibility study?
Financial feasibility focuses specifically on the financial aspects of the study. It assesses the economical viability of a proposed venture by evaluating the startup costs, operating expenses, cash flow and making a forecast of future performance. Preparing a profit plan and making cash flow projections.
What does feasibility mean in research?
A feasibility study is an assessment of the practicality of a proposed plan or project. A feasibility study analyzes the viability of a project to determine whether the project or venture is likely to succeed.
What is financial aspect?
adj. 1 of or relating to finance or finances. 2 of or relating to persons who manage money, capital, or credit.
What are the aspects of feasibility study?
Five key areas of a feasibility study are technical, economic, legal, operational and scheduling.
What are the different aspects of feasibility study?
What is the purpose of a feasibility study?
A feasibility study is designed to answer whether or not a proposed project or idea should go forward by determining whether the project or plan is practical and doable. A feasibility study can identify the strengths and weaknesses of the proposed plan.
What are four types of feasibility?
The four types of feasibility are operational, economic, technical and schedule. Economic feasibility is the one that focuses on the total cost of ownership. Operational feasibility is influenced primarily by users because they are the ones that will be using the system and a bad system could cause a lot of turn over or end user problems.
What is the difference between feasibility and acceptability?
Feasibility is regarding the finance resources. Acceptability is about risk return and stake holders reaction. suitability is about whether strategy address the issues identified when considering the strategic position of the company.
What does the word feasibility mean?
Feasibility is defined as the state of something being possible or suitable.
Why to write a feasibility study?
The main reason why you would create a feasibility study document is to check whether or not you should commit your time and resources towards a project. A feasibility study may reveal new challenges or concepts which may completely change the scope of a project.