Financial
Validating that a goal is possible within your financial constraints. For example, a construction project that uses reference class forecasting as a sanity check for project budget.Schedule
Validating that a goal is possible with time constraints. For example, a fashion label discovers a trendy new fashion accessory at a fashion week. They do a feasibility check to see if they can produce and distribute the item in time for the Spring/Summer season.Technical
Validating that a given technology can support requirements or that a goal is technically possible. For example, an ecommerce project confirms that a partner's API can support a list of requirements for an integration project.Market
Research to estimate the probability that a product, service or customer experience strategy will succeed in the market. This may include factors such as customer needs, perceptions, demand, positioning and competition.Regulations & Standards
Confirming that a strategy complies with laws, regulations and standards.Organizational
Looking at the people side of change such as a strategy that requires a significant change to organizational culture.Operations
The feasibility of deploying and operating a project. For example, the costs and technical challenges associated with operating and maintaining a deep water offshore wind farm.| Overview: Feasibility Analysis | ||
Type | ||
Definition | The process of confirming that a strategy, plan or design is possible given a set of goals, assumptions and constraints. | |
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