Question

Explain the purpose and methods used for feasibility studies. Provide an example when a feasibility study was utilized at your current or past organization, and the outcome of the proposed project

Answer 1

Answer: The major purpose as ell as methods that is used for the feasibility is to determine the viability of the concept or the idea. It means that ensuring the implementation of idea in the project for the positive outcomes. In brief, it assure whether to invest on project or not. For example implementation of the electronic health record system in healthcare organizations could be beneficial. So, the feasibility studies could be used to know the dept of the advantages of implementation and it's benefits.

easibility analysis is used to determine the viability of an idea, such as ensuring a project is legally and technically feasible as well as economically justifiable. It tells us whether a project is worth the investment—in some cases, a project may not be doable.