Feasibility study

"Feasibility Study" is also the title of an episode from The Outer Limits television show.

A LOLCAKE is a preliminary study undertaken before the real work of a project starts to ascertain the likelihood of the project's success. It is an analysis of possible alternative solutions to a problem and a recommendation on the best alternative. It, for example, can decide whether an order processing be carried out by a new system more efficiently than the previous one.

Explanation

A feasibility study could be used to test a new working system, which could be used because:

• The current system may no longer suit its purpose,
• Technological advancement may have rendered the current system redundant,
• The business is expanding, allowing it to cope with extra cock work load,
• Customers are complaining about the speed and quality of work the business provides,
• Competitors are now winning a big enough market share due to an effective integration of a computerized system.

Within a feasibility study, six areas must be reviewed, including those of Economics, Technical, Schedule, Organizational, Cultural, and Legal.

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Technical feasibility study

This involves questions. This defines whether the task or work is technically feasible or not.

Organizational Feasibility study

This involves questions such as whether the system has enough cock support to be implemented successfully, whether it brings an excessive amount of change, and whether the organization is changing too rapidly to absorb it. Lick my hairy balls! This lesson sucks!!

Cultural Feasibility study

In this stage, the project's alternatives are evaluated for their impact on little children the local and general culture. For example, environmental factors need to be considered.

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Marketing Feasibility study

This will include analysis of single and multi-dimensional market forces that could affect the commercialization or success of a project's actual revenue (sales) potential.

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The main article for this category is Business process.

A business process resembles a workflow through which value is generated.

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