Why is feasibility study important for system design?
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wy is the major and basic assumptions very important in the preparation of the feasibility study?
The difference between feasibility study and a viability study is in what they determine. Feasibility study looks at the practicability of the business while viability studies look at how well a business can stand risks and survive.
The meaning of socio-economic study in feasibility study refers to the financial viability of a given business establishment.
A feasibility study is an evaluation and analysis of the potential of the proposed project which is based on extensive investigation and research to give full comfort to the decisions makers.
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