What is a feasibility study?

Question

Accepted Answer

**Feasibility study** — assessment of project viability.

**Types of feasibility:**
- **Technical** — can it be built?
- **Economic** — is it financially viable?
- **Operational** — will it work in practice?
- **Legal** — is it compliant?
- **Schedule** — can it be done on time?

**Steps:**
1. Define objectives.
2. Evaluate alternatives.
3. Analyze costs and benefits.
4. Assess risks.
5. Make recommendation.

**Cost-Benefit Analysis:**
```
Costs:
- Development: $100,000
- Infrastructure: $20,000
- Training: $10,000
Total: $130,000

Benefits:
- Efficiency gains: $80,000/year
- Cost savings: $50,000/year
Total: $130,000/year

ROI: 100% in Year 1
```

**BA role:** Gather data, analyze options, present findings.

Business Analyst: What is a feasibility study?