Feasibility Study Definition/Meaning:
A study carried out prior to a development project in order to
establish that the proposed system is feasible and can serve a useful purpose.
Feasibility studies can be purely paper exercises or can involve the
construction of experimental or prototype systems. Often a feasibility study
will not address the entire scope of the proposed system, but will concentrate
on specific areas or decisions where the feasibility is regarded as questionable
or the potential risk is greatest.