Feasibility study in software development life cycle

FEASIBILITY STUDY in software development life cycle is a process that determines whether the solution under analysis is achievable, given the organization's resources and constraints.

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

The feasibility study is basically the test of the proposed system in the light of its workability, meeting user’s requirements, effective use of resources and .of course, the cost effectiveness. The main goal of feasibility study is not to solve the problem but to achieve the scope. In the process of feasibility study, the cost and benefits are estimated with greater accuracy.