9. FEASIBILITY STUDY

Once a preliminary area of application has been identified, it may then subjected to more rigorous examination in a feasibility study. In the previous unit we discussed the steps that make the initial investigation. By the initial investigation a user can recognized the need, user requirements are determined and the problem has been defined. Apart from this, an initial investigation has been launched to study the present system and verify the problem in systematic way. The next step is to determine exactly what the proposed system is to do by defining its expected performance. This kind of work has been carried out in feasibility study. A feasibility is carried out to select the best system the meet the performance requirements.

Feasibility study is the process of determination of whether or not a process is worth doing. The process followed in making this determination is called a feasibility study. These types of study determine if a project can and should be taken.

Once it has been determine that a project is feasible, the analyst can go a head and prepare the project specification which finalize project requirements. Generally feasibility study are taken within tight time constraints and normally culminate in a written and oral feasibility report. The contents and recommendation of such a study will be used as sound basis for deciding whether to proceed, postpone or cancel the project. Thus , since feasibility study may lead to the commitment of large resources, it become necessary that it should be conducted competently and no fundamental error of judgment are made.

In the conduct of feasibility study, the analyst has been usually considered following distinct but interrelated types of feasibility. They are:-

1. Technical feasibility
2. Operational feasibility
3. Economical feasibility