briefly explain the four feasibility study?
Answers
Explanation:
There are four types of feasibility studies. These are the operational feasibility study, technical feasibility study, schedule feasibility study, and economic feasibility study.
Answer:
A feasibility study is an analysis that takes all of a project's relevant factors into account—including economic, technical, legal, and scheduling considerations—to ascertain the likelihood of completing the project successfully.
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.
Types of Feasibility Study
- Technical Feasibility. This assessment focuses on the technical resources available to the organization. ...
- Economic Feasibility. ...
- Legal Feasibility. ...
- Operational Feasibility. ...
- Scheduling Feasibility.
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