Define the following Feasibility Study

A Management Information System ICT Revision Questions and Answers

Answer
Feasibility study is about process of evaluating viability of the project from various prospects of the operation, technology and economy. The project will be subjected for the real development only after confirming its positive feasibility test. The process of determining the feasibility is done after defining the requirements of the project.

The various areas of determining the feasibility can be listed as:
• Operational Feasibility
• Technical Feasibility
• Economical Feasibility



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