Feasibility study

From Simple English Wikipedia, the free encyclopedia

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.

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References[change | change source]

  1. 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.

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