Feasibility definitions
| Word backwards | ytilibisaef |
|---|---|
| Part of speech | Noun |
| Syllabic division | fea-si-bil-i-ty |
| Plural | The plural of the word "feasibility" is "feasibilities." |
| Total letters | 11 |
| Vogais (3) | e,a,i |
| Consonants (6) | f,s,b,l,t,y |
Feasibility is the analysis of how likely a project or a plan is to be successful. It involves assessing various factors such as financial, technical, operational, and legal aspects to determine if a project is viable or not.
Financial Feasibility
Financial feasibility looks at the costs involved in carrying out a project and the potential revenues or benefits it will generate. It involves conducting a cost-benefit analysis to determine if the project is financially viable and if the returns justify the investments made.
Technical Feasibility
Technical feasibility assesses whether the technology and resources required for the project are readily available or can be developed within the required timeframe. It looks at whether the project can be implemented using existing technology or if new technology needs to be developed.
Operational Feasibility
Operational feasibility evaluates how well a project fits within the existing operational processes and procedures of an organization. It considers factors such as resources, skills, and capabilities needed to execute the project successfully.
Legal Feasibility
Legal feasibility examines the legal and regulatory requirements that need to be met for the project to proceed. It looks at whether the project complies with laws, regulations, and industry standards to ensure that the project can be implemented without any legal issues.
Feasibility studies are essential for businesses and organizations to make informed decisions about whether to proceed with a project or not. They help identify potential risks and challenges that may arise during the project implementation and enable stakeholders to assess the project's potential for success.
Overall, conducting a feasibility study is crucial to determine the viability of a project and ensure that resources are invested in projects that have a high likelihood of success.
Feasibility Examples
- The feasibility study concluded that the project was unlikely to be profitable.
- We need to assess the feasibility of implementing a new software system.
- Before launching the product, we must determine its technical feasibility.
- The feasibility of expanding our business internationally is being explored.
- The feasibility analysis revealed potential risks that need to be addressed.
- It is important to consider the financial feasibility of the proposed investment.
- The feasibility of building a new bridge in the city is being evaluated.
- The preliminary study will focus on the environmental feasibility of the project.
- The feasibility report highlighted key findings regarding the proposed merger.
- To determine the feasibility of the project, a cost-benefit analysis will be conducted.