Software Development Lifecycle (SDLC): End-to-End Overview

A Feasibility Study is an analysis conducted to determine whether a proposed software project is Practical, Achievable, Profitable and worthy enough to invest time and resources into it.

Basically it should answer the question Should we build this system?

It is important because organizations must evaluate risks and viability in terms of time, effort, Money and Resources

Skipping feasibility can result mid-way project cancellation, financial losses, technical failure etc.

Output of Feasibility Study:

• Feasibility Report
• Go / No-Go Decision
• Budget recommendation
• Risk summary