Briefly describe the various types of project feasibility that must be evaluated.

What will be an ideal response?

Technical feasibility examines whether a project is feasible within the current limits of available technology. Determining the technical feasibility is critical when new technology is first being considered for use within an organization, prior to its widespread use. Economic feasibility determines whether the expected benefits associated with a project outweigh the expected costs sufficiently to make the project financially attractive. Legal feasibility determines whether laws or regulations may prevent or limit a systems development project. Legal feasibility involves an analysis of existing and future laws to determine the likelihood of legal action against the systems development project and the possible consequences of such action. Operational feasibility is concerned with how the system will be accepted by people and how well it will meet various system performance expectations. Schedule feasibility determines whether a project can be completed in a reasonable amount of time. This process involves balancing the time and resource requirements of the project with other projects.