A feasibility study is carried out to see whether a solution is achievable, given a development companies limited resources: money, time, technical ability, as well as their reputation.

1. Time feasibility

<aside> ⏱️ Calculating how long it will take to complete

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• Late projects face repercussions and possible legal action
• The customer will want a project by a deadline which should be compared with how long the project is going to take to complete to determine the time feasibility
• You need a full understanding of the staff skill-level, thus how long it will take them to complete specific tasks
• Late projects go over budget because of dev wages

2. Economic feasibility

<aside> 💸 Is it going to be profitable?

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Costs:

• Software licences
• Hardware
• Human resources/wages
• Training
• The development company's running costs

All of those have to be taken into account to check that the project is affordable in the short and long-term.