Types of Feasibility Study in Software Project Development Last Updated : 10 May, 2024 Comments Improve Suggest changes Like Article Like Report Feasibility Study in Software Engineering is a study to evaluate feasibility of proposed project or system. Feasibility study is one of stage among important four stages of Software Project Management Process. As name suggests feasibility study is the feasibility analysis or it is a measure of the software product in terms of how much beneficial product development will be for the organization in a practical point of view. Feasibility study is carried out based on many purposes to analyze whether software product will be right in terms of development, implementation, contribution of project to the organization etc. Types of Feasibility StudyThe feasibility study mainly concentrates on below five mentioned areas. Among these Economic Feasibility Study is most important part of the feasibility analysis and Legal Feasibility Study is less considered feasibility analysis. Technical Feasibility: In Technical Feasibility current resources both hardware software along with required technology are analyzed/assessed to develop project. This technical feasibility study gives report whether there exists correct required resources and technologies which will be used for project development. Along with this, feasibility study also analyzes technical skills and capabilities of technical team, existing technology can be used or not, maintenance and up-gradation is easy or not for chosen technology etc.Operational Feasibility: In Operational Feasibility degree of providing service to requirements is analyzed along with how much easy product will be to operate and maintenance after deployment. Along with this other operational scopes are determining usability of product, Determining suggested solution by software development team is acceptable or not etc. Economic Feasibility: In Economic Feasibility study cost and benefit of the project is analyzed. Means under this feasibility study a detail analysis is carried out what will be cost of the project for development which includes all required cost for final development like hardware and software resource required, design and development cost and operational cost and so on. After that it is analyzed whether project will be beneficial in terms of finance for organization or not. Legal Feasibility: In Legal Feasibility study project is analyzed in legality point of view. This includes analyzing barriers of legal implementation of project, data protection acts or social media laws, project certificate, license, copyright etc. Overall it can be said that Legal Feasibility Study is study to know if proposed project conform legal and ethical requirements. Schedule Feasibility: In Schedule Feasibility Study mainly timelines/deadlines is analyzed for proposed project which includes how much time teams will take to complete final project which has a great impact on the organization as purpose of project may fail if it can't be completed on time.Cultural and Political Feasibility: This section assesses how the software project will affect the political environment and organizational culture. This analysis takes into account the organization's culture and how the suggested changes could be received there, as well as any potential political obstacles or internal opposition to the project. It is essential that cultural and political factors be taken into account in order to execute projects successfully.Market Feasibility: This refers to evaluating the market's willingness and ability to accept the suggested software system. Analyzing the target market, understanding consumer wants and assessing possible rivals are all part of this study. It assists in identifying whether the project is in line with market expectations and whether there is a feasible market for the good or service being offered.Resource Feasibility: This method evaluates if the resources needed to complete the software project successfully are adequate and readily available. Financial, technological and human resources are all taken into account in this study. It guarantees that sufficient hardware, software, trained labor and funding are available to complete the project successfully.Aim of Feasibility StudyThe overall objective of the organization are covered and contributed by the system or not.The implementation of the system be done using current technology or not.Can the system be integrated with the other system which are already existFeasibility Study ProcessThe below steps are carried out during entire feasibility analysis. Information assessment: It assesses the original project concept and establishes the main aims and objectives.Information collection: It collects the necessary information and data required to evaluate the project's many components.Report writing: It produces an in-depth feasibility report that details the analysis and results.General information: It gives a summary of the main points discussed in the report on the feasibility study.Need of Feasibility StudyFeasibility study is so important stage of Software Project Management Process as after completion of feasibility study it gives a conclusion of whether to go ahead with proposed project as it is practically feasible or to stop proposed project here as it is not right/feasible to develop or to think/analyze about proposed project again. Along with this Feasibility study helps in identifying risk factors involved in developing and deploying system and planning for risk analysis also narrows the business alternatives and enhance success rate analyzing different parameters associated with proposed project development. Comment More infoAdvertise with us Next Article Difference between Project Report and Feasibility Report S Satyabrata_Jena Follow Improve Article Tags : Software Engineering Similar Reads Project Management Tutorial for 2024 Project management is the organized approach to planning, executing, monitoring, and closing projects. This project management tutorial is best suited for students and aspiring project managers, providing a deep understanding of many different aspects of project management. This project management t 15+ min read Project Management BasicsCharacteristics of Project - Project ManagementA project is a combination of interrelated activities to achieve a specific objective within a schedule, budget, and quality. It involves the coordination of group activity, wherein the manager plans, organizes, staffs directs, and controls to achieve an objective, with constraints on time, cost, an 5 min read What is a Project in Project Management?In the field of project management, a project is a brief undertaking that is carried out to produce a special good, service, or outcome. There are several planned tasks involved all with clear outputs, boundaries, and restrictions. This article focuses on discussing Projects in Project Management.Ta 6 min read What is Project Management System?A project management system is a software or application used to efficiently plan, carry out, oversee, and manage projects. Task scheduling, resource allocation, budget management, collaboration tools, and reporting capabilities are some of the elements that are usually included in order to optimize 10 min read Role and Responsibilities of a software Project Manager - Software EngineeringA software project manager is the most important person inside a team who takes the overall responsibilities to manage the software projects and plays an important role in the successful completion of the projects. This article focuses on discussing the role and responsibilities of a software projec 5 min read Best Project Management Certifications of 2025PMCs or Project Management Certifications can offer you a competitive edge for helping you proceed ahead in your career, along with overall sustainability, call it your career catalyst, which will be adding credibility to your career graph by offering you recognition at a global level in the softwar 10 min read Phases of the Project Management LifecycleIn this article, we will discuss the overview of project management Also, we will discuss the phases of project management and then finally conclude with the description of each phase in detail. Let's discuss it one by one. Table of Content What is Project management ? Five phases of project managem 11 min read Phases of the Project Management LifecycleWhat is Stakeholder? Defination, Types and ExamplesIn simple words, anyone having any type of relation/interest in the project is known as a stakeholder. The term Software Project Stakeholder refers to, "a person, group or company that is directly or indirectly involved in the project and who may affect or get affected by the outcome of the project" 4 min read Types of Feasibility Study in Software Project DevelopmentFeasibility Study in Software Engineering is a study to evaluate feasibility of proposed project or system. Feasibility study is one of stage among important four stages of Software Project Management Process. As name suggests feasibility study is the feasibility analysis or it is a measure of the s 5 min read Difference between Project Report and Feasibility ReportProject reports provide a detailed analysis of the design, execution, and outcomes of a project, whereas feasibility reports assess a project's feasibility by examining operational, financial, and technological aspects to determine its viability. In this article, we are going to learn the difference 4 min read Phases of Project Management ProcessProject management involves several key phases that guide the project from initiation to completion, ensuring that objectives are met efficiently and effectively. It's like having a step-by-step guide to follow, ensuring you stay on track and reach your goals smoothly. These phases typically include 7 min read Project Evaluation and Review Technique (PERT)Project Evaluation and Review Technique (PERT) is a procedure through which activities of a project are represented in its appropriate sequence and timing. It is a scheduling technique used to schedule, organize and integrate tasks within a project. PERT is basically a mechanism for management plann 7 min read Project Planning & ExecutionProject Management Process ActivitiesPrinciples of Project Management Process Activities : Project management is the use of methods, tools and processes to effectively plan and execute projects. Successful project management uses teams and resources to complete project tasks within time, cost and scope. The purpose of a project is defi 4 min read Work Breakdown Structure - Software EngineeringA Work Breakdown Structure includes dividing a large and complex project into simpler, manageable, and independent tasks. The root of this tree (structure) is labeled by the Project name itself. For constructing a work breakdown structure, each node is recursively decomposed into smaller sub-activit 2 min read Resource AllocationTo assign the available resources in an economic way is known as resource allocation. The planning of the activities and the resource required by these activities while taking into consideration both resources availability and project time is termed as resource allocation in project management. Ther 2 min read Change Management in Project ManagementChange management in Project Management is a process of handling changes that come up during a project. It is a way to keep things running smoothly and make sure the project stays on track, even when things shift unexpectedly. Here we are learning about the Change management in details: Table of Con 6 min read Risk Management in ProjectPrinciples of Risk Management and ParadigmRisk Management is an approach that helps in managing and making the best use of the available resources. A computer code project may be laid low with an outsized sort of risk so as to be ready to consistently establish the necessary risks that could have an effect on a computer code project. Table 4 min read Essential Activities of Risk ManagementRisk management is the area which tries to ensure that the impact of risks on cost, quality and schedule is minimized. The main purpose of risk management is to identify and manage the risks associated with a software project and solve the problem. Estimating the risks that can affect the project sc 3 min read What are the Five Steps in Risk Management Process in project management?Risks are an inherent part of any Project that has been initiated to deliver some end product to the customers. This is why Project Professionals always need to take care of the potential disruptions in the middle of the Project phases. This article focuses on discussing the Risk Management Process 8 min read Short note on Risk Assessment and Risk MitigationSoftware Risk is a problem that may or may not occur that shows the uncertainty of risks but if occurs, unwanted losses threats, or consequences will occur. It is generally caused due to a lack of incomplete information, control, or time. Table of Content What is Risk Assessment? What is Risk Mitiga 3 min read Methods for Identifying RisksIdentifying risk is one of most important or essential and initial steps in risk management process. By chance, if failure occurs in identifying any specific or particular risk, then all other steps that are involved in risk management will not be implemented for that particular risk. For identifyin 4 min read Risk Mitigation, Monitoring, and Management (RMMM) planRMMM Plan : A risk management technique is usually seen in the software Project plan. This can be divided into Risk Mitigation, Monitoring, and Management Plan (RMMM). In this plan, all works are done as part of risk analysis. As part of the overall project plan project manager generally uses this R 4 min read Procedural and Quantitative Approach to Quality Management A quality product does exactly what the user want it to do. The quality of software can be interpreted in terms of satisfying the requirements of the user. Quality management is one of the vital phases in Software Project Management which relates to the planning, designing, implementing, and monitor 4 min read Team Collaboration TipsWhat are Remote Project Management Strategies for Collaboration?There has been an increase in remote work worldwide and this implies that effective remote project management is now required. One of the major issues that need to be addressed to succeed with a project as teams get more geographically dispersed is the ability to work together. This article focuses 5 min read Project Organizations and their ResponsibilitiesProject Organization is actually a structure that simply facilitates and motivates coordination and implementation of activities of the project. Their main purpose is to simply create an environment that encourages development of interactions between team members with very less amount of disruptions 3 min read Project Management MethodologiesWhat are Agile Family of Flexible Project Management Methodologies?The Agile family of methodologies is one of the revolutionary trends in project management that completely changes the attitude toward the task solution. These are various project management approaches that focus on agility, incremental development, and teamwork in engaging relevant stakeholders. Th 9 min read Agile Change ManagementChange is an irreversible phenomenon that exists at all times, especially nowadays. The dynamic business context demands flexibility to survive through competition. It is here that the concept of agile change management is introduced. Agile change management is a fluid, flexible model that fits well 14 min read Agile Methodology BasicsAgile Development Models - Software EngineeringIn earlier days, the Iterative Waterfall Model was very popular for completing a project. But nowadays, developers face various problems while using it to develop software. The main difficulties included handling customer change requests during project development and the high cost and time required 11 min read Agile Methodology Advantages and DisadvantagesAgile Software Development Methodology is a process of software development similar to other software development methodologies like waterfall models, V-models, iterative models, etc. Agile methodology follows the iterative as well as incremental approach that emphasizes the importance of delivering 4 min read Agile Software Process and its PrinciplesAn Agile software process is designed to handle the unpredictability inherent in most software projects. It recognizes that requirements and customer priorities can change rapidly, and it is difficult to predict the necessary design before construction begins. Agile processes integrate design and co 4 min read What are the benefits of Agile?An Agile framework refers to a collection of practices and principles that provide guidance for the adaptable development, execution, and management of projects. Agile methodologies place emphasis on collaboration to customer feedback and quick iterations. Unlike project management methods Agile doe 4 min read Difference between Agile and Scrum TestingAgile and Scrum are important factors of Project Management that help to make the process manageable and easy for future use. Here we are learning about Scrum and agile in detail point related to both.What is Agile TestingAgile Testing is a Type of Software Testing that follows the principles of agi 3 min read Agile vs Waterfall Project ManagementIn Project management, two methodologies that stand out for their distinct approaches are Agile and Waterfall. These methods represent contrasting approach in how projects are planned, executed, and delivered. Waterfall is a traditional, linear approach, where each phase of the project is completed 7 min read Project Management FrameworksWhat is Scrum in Software Development?Scrum is a popular framework that is used whenever we want to develop complex products, Ken Schwaber and Jeff Sutherland are known as the people who developed Scrum. Scrum is a type of Agile framework. Table of Content What is a scrum in software development?Silent features of Scrum Advantage of Scr 3 min read What are Epics & User stories in Agile?Agile is a collaborative approach and is widely adopted by teams. There are several iterations in Agile as there is no limit to backtracking to the previous development phase. In this way, agile serves the best version as the final product. Epic and User Stories are two important concepts used for r 4 min read Like