What Does Feasibility Study Mean?
A feasibility study is a study, usually done by engineers, that establishes whether conditions are right to implement a particular project. Feasibility studies can be done for many purposes, and are sometimes done in IT in order to look at feasibility for new hardware and software setups.
Techopedia Explains Feasibility Study
Sometimes a feasibility study is done as part of a systems development lifecycle, in order to drive precision for the implementation of technologies. Engineers might look at a five-point model called TELOS — this includes the following components:
