You can use this Feasibility Study template to perform a preliminary study to determine a project’s viability, analyze the problem and then determine if it can be solved effectively. The results determine whether the solution should be implemented or not. This activity takes place during the Project Initiation phase in the software development lifecycle and is created before significant expenses are engaged.
Use this template to:
- Analyze an existing system to see if it is worth upgrading.
- Determine if there is sufficient time to build the new system, when it can be built, whether it interferes with operations, type and amount of resources required, dependencies, etc.
- Establish the cost-effectiveness of the proposed system; determine if the system conflicts with legal requirements.
This Feasibility Study includes a 28-page template in MS Word™ format, which can be easily modified for your next project. This template helps you write the Problem Statement, Business Environment, Business Problem, Requirements Statement, Business Drivers, Feasibility Assessment, Feasibility Ranking, Ranking Criteria, Ranking Scores, Proposed System, Cost Analysis, and Recommendations.