Thursday, January 23, 2020
Essays --
Though the definition of feasibility studies varies in every source, most of its defining characteristics can be found in Blanchardââ¬â¢s System Engineering and Analysis textbook [1]. The general goal of a feasibility study is to evaluate whether the proposed system concept is designed within the cost, schedule, and technical risk constraints that can work for the stakeholders needs. The feasibility studyââ¬â¢s second function is to illustrate the possibility of acquiring potential solutions [2]. The third goal of feasibility is to draw out quantitative or semi-quantitative assessments, and finally, it identifies alternative technological approaches [1]. Feasibility studies may include exploration of alternative conceptual designs, operational functions, system components, and technology choices, in case the systemââ¬â¢s components and concepts were indistinct; and its immediate consequences may include risk analysis of requirements [2]. The study is vital in the overall pro cess on team communication and initial evaluation should be done during the conceptual design process. Following the exampl...
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