Commercial feasibility: identify the opportunities offered by your market, describe your potential leads and target customers.Legal feasibility: check if specific legal requirements are applicable, for example, laws relative to personal data protection.Operational and organisational feasibility: what are the organisational resources available to your business? Does it have access to the desired skills and knowledge? If not, could you train your employees, or would recruiting new staff be more appropriate?.Is it realistic to carry out this project? Would you need to acquire new equipment, or adapt existing technologies? Technical feasibility: think about the technologies available to your organisation.Doing so allows you to evaluate the profitability of your project. Economic and financial feasibility: look closely at the resources that will be required to complete the project, and compare them to the expected returns.This process aims at determining whether the project is viable (or doable), based on the analysis of its different aspects, including: The feasibility study is conducted during the first phase of the project life cycle.
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