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feasibility study
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feasibility study : FOLDOC
feasibility study
Part of the {systems develpment life cycle} which aims to determine whether it is sensible to develop some system. The most popular model of feasibility study is "TELOS", standing for Technical, Economic, Legal, Operational, Schedule.
Technical Feasibility: does the technology exist to implement the proposed system? Is it a practical proposition?
Economic Feasibility: is the system cost-effective? Do benefits outweigh costs?
Legal Feasibility: is there any conflict between the proposed system and legal requirements, e.g. the Data Protection Act?
Operational Feasibility: are the current work practices and procedures adequate to support the new system?
Schedule Feasibility: can the system be developed in time?
After the feasibility study, the requirements analysis should be carried out.
(2006-07-11)



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