The Systems Development Life Cycle: Planning and Scoping

The feasibility study looks at three main areas of feasibility:

1. Economical feasibility: Is building the new system cost effective?
2. Time feasibility: Do we have the time to develop the proposed system?
3. Technical feasibility: Is it technically possible to create the new system?

When creating a feasibility study, it is important to focus on three main areas — economic feasibility, time feasibility, and technical feasibility. Economic feasibility assesses the costs and benefits of the new system. Time feasibility evaluates the speed with which the new system can be built. Technical feasibility examines the technical aspects of the new system.