Feasibility Analysis

Feasibility Analysis

Feasibility Analysis Jonathan Poland

Feasibility analysis is the process of evaluating the potential of a proposed project or system to determine whether it is viable and worth pursuing. It is an important step in the planning process that helps organizations determine whether a project is likely to be successful and whether the resources required to complete it will be justified by the expected benefits.

There are several factors that can be considered when conducting a feasibility analysis. These may include:

  1. Technical feasibility: This refers to the ability of the organization to develop and implement the proposed project or system using existing technology and resources.
  2. Economic feasibility: This refers to the financial viability of the project, including the costs of development and implementation, as well as the potential return on investment.
  3. Operational feasibility: This refers to the ability of the organization to effectively operate and maintain the proposed project or system.
  4. Legal feasibility: This refers to the compliance of the proposed project or system with relevant laws and regulations.
  5. Schedule feasibility: This refers to the ability of the organization to complete the project within the allocated time frame.

Conducting a feasibility analysis allows organizations to identify potential risks and challenges associated with a proposed project and to make informed decisions about whether to proceed. It is an important tool for ensuring that resources are used effectively and that projects are likely to be successful.

Learn More
Brand Switching Jonathan Poland

Brand Switching

Brand switching refers to the act of a customer switching from a brand that they were previously loyal to, to…

Information Advantage Jonathan Poland

Information Advantage

A unique knowledge that provides a competitive edge in a specific situation is known as an information advantage. This advantage…

Overchoice Jonathan Poland

Overchoice

Overchoice, also known as the “paradox of choice,” is a phenomenon in which having too many options or choices can…

What is a Capitalist? Jonathan Poland

What is a Capitalist?

A capitalist is an individual who supports or practices capitalism, which is an economic system based on the principles of…

Types of Win-Win Jonathan Poland

Types of Win-Win

Win-win, also known as mutually beneficial, refers to a situation or plan that has the potential to benefit all parties…

Sticky Information Jonathan Poland

Sticky Information

Sticky information is information that is difficult to transfer. This is an analogy that information that knowledge “sticks” to people,…

Brand Legacy Jonathan Poland

Brand Legacy

Brand legacy refers to the strong association that a brand has with a particular product or service. A brand with…

Sustainability Jonathan Poland

Sustainability

Business sustainability is the practice of conducting a business in a way that meets the needs of the present without…

Impact Evaluation Jonathan Poland

Impact Evaluation

An impact evaluation is a study that measures the actual outcomes and consequences of a change. It takes into account…

Content Database

Search over 1,000 posts on topics across
business, finance, and capital markets.

What is the Snob Effect? Jonathan Poland

What is the Snob Effect?

The snob effect refers to the phenomenon of a brand losing its prestige and exclusivity as it becomes more widely…

Data Breach Jonathan Poland

Data Breach

A data breach is a security incident in which sensitive, protected, or confidential data is accessed, disclosed, or stolen. Data…

Big Picture Thinking Jonathan Poland

Big Picture Thinking

“The big picture” refers to the broadest possible perspective that can be taken in a thought process. Big picture thinking…

Request for Proposal Jonathan Poland

Request for Proposal

An RFP (request for proposal) is a document that asks suppliers to provide a detailed proposal for a supply contract.…

Internal Benchmarking Jonathan Poland

Internal Benchmarking

Internal benchmarking is the process of comparing the performance of one aspect or function within a company to another aspect…

In-Store Marketing Jonathan Poland

In-Store Marketing

In-store marketing refers to the use of physical retail locations, such as stores and showrooms, as a platform for marketing…

Small Business Jonathan Poland

Small Business

A small business is a privately owned and operated company with a small number of employees and relatively low volume…

Market Fit Jonathan Poland

Market Fit

Market fit refers to the extent to which a product or service meets the needs and preferences of a target…

Strategic Planning Techniques Jonathan Poland

Strategic Planning Techniques

Strategic planning is the process of defining an organization’s direction and making decisions on allocating its resources to pursue this…