Proof of Concept
Validate some important principle, idea or design that is key to your plans.
Design Feasibility
Determining if a design idea will work in practice.
Experiment Feasibility
Initial validations of a planned experiment.
Capability Analysis
Determining if you or your team have the know-how and skills to do something or can efficiently acquire this knowledge.
Capacity Analysis
Modeling the resources required to deliver a plan and whether you have the capacity required.
Financial Feasibility
Feasibility of cost, revenue and margin estimates.
Market Feasibility
Validating volume, demand and market share forecasts.
Customer Feasibility
Validating assumptions you have made about the customer, customer needs and customer perceptions.
Technical Feasibility
Determining if a technology or technical design is possible and advisable.
Process Feasibility
Initial tests of processes and procedures to determine if a plan is a good idea.
Usability Testing
Testing how users will react to a proposed user experience.
Operational Feasibility
Determining if a proposed solution such as a system will efficiently support existing processes, practices and procedures.
Sensitivity Analysis
Determine the impact of an inaccurate forecast or estimate. For example, the impact on your sales volumes and margins if your costs are 10% higher.
Risk Analysis
Identify the total risk exposure linked to a proposed strategy, plan or design.
Economic Feasibility
Examining the economics of a project such as return on investment.
Legal & Regulatory Feasibility
Determining if a plan complies to laws and regulations or possible future regulations.
Social Feasibility
Determining if your plans will be socially acceptable and responsible.
Cultural Feasibility
Considering how things will be received in a particular cultural context.
Environmental Feasibility
Modeling the environmental impact of a plan.
Human Factors Feasibility
Considering the realistic psychological, social, cognitive and physical characteristics of people to validate a design or plan.
Political Feasibility
Validating your plans against political realities.
Opportunity Cost
Considering your best alternatives to a decision, solution, strategy, plan or design.
Sanity Check
Taking a step back from a strategy, design or plan to consider if it makes any sense whatsoever from a pragmatic or big picture perspective.
Prototypes
Creating a working version of something to test it against reality.
Cost
A solar manufacturing firm performs a study to determine if an innovative new design would be cost competitive given the current cost of required materials, components, energy, machines and labor.Technology
A space agency constructs a prototype to determine if a new type of spacecraft propulsion is technically feasible.Distribution
A fashion company develops a study to identify the risks and opportunities associated with launching a retail location in Singapore.Product Development
A fast moving consumer goods company commissions a market research firm to see if customers would buy a premium green tea from well known tea regions of Japan.Legal
A bank is considering launching an innovative new financial product. They begin with a feasibility study focused on legal aspects such as compliance and regulatory risks.Operations
A data center investigates the feasibility of energy self sufficiency using solar panels and battery systems with the grid as a backup.Education
A school district investigates the feasibility of giving every student a computing device for use in class. The study looks at issues such as cost, educational value, support processes and information security.Cities
A city studies at the feasibility of closing a section of the city to traffic in order to stimulate economic activity in the area with pedestrian zones. They collect feedback from people who commute to the area, neighborhood residents and businesses.Architecture
An architect develops a prototype to test a passive design that gets natural light deep into the rooms of a building.Entertainment
A producer with an idea for a television series funds a 5 minute demo to see how audiences react to it.Agriculture
A farmer experiments with bagging fruit in order to eliminate the use of pesticides.| Overview: Feasibility Study | ||
Type | ||
Definition (1) | A study designed to determine the risks and opportunities associated with a strategy, design, product or process. | |
Definition (1) | Research or testing to determine if something is possible and practical. | |
Related Concepts | Market ResearchBusiness ExperimentsTest and LearnStrategic PlanningBusiness Plan | |
