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NAME : Abhishek Pawar




4 4 2 10
The Feasibility Study is an evaluation and analysis of the potential of a proposed project which is
based on extensive investigation and research to support the process of decision making.
Feasibility studies aim to objectively and rationally uncover the strengths and weaknesses of an existing
business or proposed venture, opportunities and threats present in the to carry through, and ultimately the
prospects for success. In its simplest terms, the two criteria to judge feasibility are cost required
and value to be attained.
A feasibility study evaluates the project's potential for success; therefore, perceived objectivity is an
important factor in the credibility of the study for potential investors and lending institutions. It must
therefore be conducted with an objective, unbiased approach to provide information upon which decisions
can be based.

Types of Feasibility:
1. Legal Feasibility
2. Operational Feasibility
3. Economic Feasibility
4. Technical Feasibility
5. Schedule Feasibility
Other Feasibility types:
1. Resource feasibility
2. Cultural feasibility
3. Financial feasibility

Legal Feasibility
Determines whether the proposed system conflicts with legal requirements, e.g. a data processing system
must comply with the local Data Protection Acts.
Operational Feasibility
Operational feasibility is a measure of how well a proposed system solves the problems, and takes
advantage of the opportunities identified during scope definition and how it satisfies the requirements
identified in the requirements analysis phase of system development.

Economic Feasibility
The purpose of the economic feasibility assessment is to determine the positive economic benefits to the
organization that the proposed system will provide. It includes quantification and identification of all the
benefits expected. This assessment typically involves a cost/ benefits analysis.
Technical Feasibility
The technical feasibility assessment is focused on gaining an understanding of the present technical
resources of the organization and their applicability to the expected needs of the proposed system. It is
an evaluation of the hardware and software and how it meets the need of the proposed system
Schedule Feasibility
A project will fail if it takes too long to be completed before it is useful. Typically this means estimating
how long the system will take to develop, and if it can be completed in a given time period using some
methods like payback period. Schedule feasibility is a measure of how reasonable the project timetable
is. Given our technical expertise, are the project deadlines reasonable? Some projects are initiated with
specific deadlines. It is necessary to determine whether the deadlines are mandatory or desirable.
Resource feasibility
This involves questions such as how much time is available to build the new system, when it can be built,
whether it interferes with normal business operations, type and amount of resources required,
dependencies, and developmental procedures with company revenue prospectus.
Cultural feasibility
In this stage, the project's alternatives are evaluated for their impact on the local and general culture. For
example, environmental factors need to be considered and these factors are to be well known. Further an
enterprise's own culture can clash with the results of the project.
Financial feasibility
In case of a new project, financial viability can be judged on the following parameters:
Total estimated cost of the project
Financing of the project in terms of its capital structure, debt equity ratio and promoter's share of total
Existing investment by the promoter in any other business
Projected cash flow and profitability

Market research study and analysis
This is one of the most important sections of the feasibility study as it examines the marketability of the
product or services and convinces readers that there is a potential market for the product or services.[ If a
significant market for the product or services cannot be established, then there is no project.
Typically, market studies will assess the potential sales of the product, absorption and market capture
rates and the project's timing.
The feasibility study outputs the feasibility study report, a report detailing the evaluation criteria, the study
findings, and the recommendations.
Reasons to Do a Feasibility Study
Conducting a feasibility study is a good business practice. If you examine successful businesses, you will
find that they did not go into a new business venture without first thoroughly examining all of the issues
and assessing the probability of business success.
Below are other reasons to conduct a feasibility study.
Gives focus to the project and outline alternatives.
Narrows business alternatives
Identifies new opportunities through the investigative process.
Identifies reasons not to proceed.
Enhances the probability of success by addressing and mitigating factors early on that could
affect the project.
Provides quality information for decision making.
Provides documentation that the business venture was thoroughly investigated.
Helps in securing funding from lending institutions and other monetary sources.
Helps to attract equity investment.
The feasibility study is a critical step in the business assessment process. If properly conducted, it may be
the best investment you ever made.
Results and Conclusions
The conclusions of the feasibility study should outline in depth the various scenarios examined and the
implications, strengths and weaknesses of each. The project leaders need to study the feasibility study
and challenge its underlying assumptions. This is the time to be skeptical.
Dont expect one alternative to jump off the page as being the best scenario. Feasibility studies do not
suddenly become positive or negative. As you accumulate information and investigate alternatives,
neither a positive nor negative outcome may emerge. The decision of whether to proceed is often not
clear cut. Major stumbling blocks may emerge that negate the project. Sometimes these weaknesses can
be overcome. Rarely does the analysis come out overwhelmingly positive. The study will help you assess
the tradeoff between the risks and rewards of moving forward with the business project.
Remember, it is not the purpose of the feasibility study or the role of the consultant to decide whether or
not to proceed with a business idea. It is the role of the project leaders to make this decision, using
information from the feasibility study and input from consultants.

Feasibility report on the project includes various types of feasibility measures as given above.
Legal Feasibility:
The Project follows the legal norms which it should necessarily follow. It ensures that an
authorized legal user can only access the system. Without the permissions of the administrator i.e.
authorized legal user no one can access the data illegally.
Operational Feasibility:
The Project is operationally feasible. It ensures this by providing user with ease of operating the
system. The user can access the system by various devices such as any smartphone or a computer or a
device with internet connection.
The user can access the system by a local Wi-Fi connection on a smartphone or any other device
when the user is near the system. The User can also access the system via. Internet which can be
accessed by any smartphone or computer. This ensures that the user can easily operate the system as
and when he needs
Technical Feasibility:
The system is expected to handle signals over a Wi-Fi connection which will in turn convert them
to analog signals over the server. The different ports available on server will operate different devices
needed to be automated.
The database is also provided on the server which will consist of User data, Current Status, Ports
Details, etc.
Schedule Feasibility:
The proposed system should be completed within duration of eight months. The given deadline
by the organization is 31st Jan 2014.It is mandatory to complete the project within the given deadline.
Other feasibility types:
Resource feasibility:
The resources required for the proposed system are a server viz. raspberry pi, bread board,
router, relays, etc. The server is most important resource as it is required to manipulate the signals as and
when required
Cultural feasibility:
Our proposed project is cultural feasible as it doesnt impact local and general culture. It is cultural
feasible to build as it doesnt harm environment.
Financial feasibility:
Total estimated cost of the project is around 6000 INR. This cost is financial feasible for the organization
as well as the customers.
Feasibility report on the project includes various types of feasibility measures as given above.
Legal Feasibility:
It follows up all the requisites for proper working of an organization as per the norms provided by the
government. Our IT industry meets all the legal requirements of the government and various standards..
The various requirements include working time of an employee, minimum salary for each employee and
Operational Feasibility:
The organization provides an easily operable product for the customer. Industry does meet all the
operational requirements. These requirements include precise, accurate software products. Operational
feasibility may differ from product to product.
Technical Feasibility:
Technical feasibility includes various software and Hardware required to build the variety of products. This
software includes programming languages, networking software and many more. The hardware are built
up and programmed in the organization. Then this both are integrated properly and then provided to the
Other feasibility types:
Resource feasibility:
The Organization requires various resources like capital, infrastructure, and man power .etc. All these
resources are available for the industry.
Cultural feasibility:
It embarks on a healthy relationship with the society so that a proper cultural and social bondage is there
between organization and society. Our industry is culturally feasible as it meets all the cultural, social
Financial feasibility:
Total estimated cost of the industry is around 150 crore. This cost is financial feasible for the organization
and well administered by the committee for financial transactions. The organization properly administers
the financial aspect and devise a proper cost for its variety of products, so that the customers could avail
the products.
According to the feasibility report building up the industry is quite feasible. The Organization also follows
all the legal requisites. All the required resources are available. The Organization is also culturally
feasible. The financial feasibility is maintained by the financial committee.