Saturday, July 20, 2019

Essays --

Though the definition of feasibility studies varies in every source, most of its defining characteristics can be found in Blanchard’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 study’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 system’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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