You can use a Feasibility Study document to perform a preliminary study to determine a project’s viability, analyze the problem and then determine if it can be solved effectively. The results determine whether the solution should be implemented or not by helping you write the Problem Statement, Business Environment, Business Problem, Requirements Statement, Business Drivers, Feasibility Assessment, Feasibility Ranking, Ranking Criteria, Ranking Scores, Proposed System, Cost Analysis, and Recommendations. This activity takes place during the Project Initiation phase in the software development lifecycle and is created before significant expenses are engaged.

Feasibility Study Purpose :

  • Analyze an existing system to see if it is worth upgrading.
  • Determine if there is sufficient time to build the new system, when it can be built, whether it interferes with operations, type and amount of resources required, dependencies, etc.
  • Establish the cost-effectiveness of the proposed system; determine if the system conflicts with legal requirements.

Table of Contents

1.Executive Summary
2 Introduction
2.1 Purpose of this Document
2.2 Benefits
2.3 Justification
2.4 Scope
2.5 Relationship to Other Plans
3 Problem Statement
3.1 Business Environment
3.1.1 External Analysis
3.1.2 Business Vision
3.1.3 Business Units
3.1.4 Business Locations
3.1.5 Business Information
3.1.6 Business Technologies
3.1.7 Business Processes
3.2 Business Problem
3.2.1 Business Problem
3.2.2 Business Opportunity
4 Requirements Statement
4.1 Business Drivers
4.2 Business Requirements
5 Project Management
5.1 Sponsorship
5.2 Approach
5.3 Schedule
5.4 Resources
6 Feasibility Assessment
6.1 Option [#1]
6.1.1 Description
6.1.2 Assessment
6.1.3 Results
6.1.4 Risks
6.1.5 Issues
6.1.6 Assumptions
6.1.7 Benefits Realization
6.2 Option [#2]
6.3 Option [#3]
7 Feasibility Ranking
7.1 Ranking Criteria
7.2 Ranking Scores
8 Proposed System
8.1 Description of Proposed System
8.2 Improvements
8.3 Impacts
8.3.1 Equipment Impacts
8.3.2 Software Impacts
8.3.3 Organizational Impacts
8.3.4 Operational Impacts
8.3.5 Developmental Impacts
8.3.6 Site or Facility Impacts
8.3.7 Security and Privacy Impacts
9 Cost Analysis
10 Recommendations
10.1 Ranking Results
10.2 Best Option Recommendations
10.3 Best Option Satisfies Known Constraints
10.4 Best Option Satisfies Go/No Go Questions
10.5 Reasons For Rejected Other Options

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