Feasibility studies.
An organisation has many drivers that can cause the need for change -- and it is often a project that emerges, as the way to deliver this change.
It has been determined that there are six main drivers, and any one or more of these could result in a need for change:
- Market Demand
- business need
- customer request
- technological advance
- legal requirement
- social need
Whatever the driver, it might be wise in some cases to determine whether this change is feasible or not, and examined options for the way forward. This is the feasibility study.
Dependant upon the outcome and recommendation of the feasibility study, a project may be started.
Feasibility studies may be carried out as a project in its own right. These can vary in their size, complexity, and time duration.
At its simplest, a feasibility study consists of gathering evidence and data, evaluating options, and recommending the best way forward (this is normally done by way of a formal end -- feasibility report).
