feasiblity study
“once the problem identification process has been completed and an idea of a solution or a number of possible solutions (or a number of possible solutions) have been established but before any large project is approved a tourough investigation of the implications costs and benifits of the system should be unertaken. This investigation is refered to as feasibility study. The main reason for conducting a feasibility study in broad terms is to see if creating the system will be worth while. WHat defines “”worthwhile”” will vary from a compnay to compnay and system to system. Generally speaking it is a balanced act- can the cost of developing the system be justified by the benfifits the system will deliver?”