5 Types of Feasibility Study For Industrial Service
                     5 TYPES OF FEASIBILITY  STUDY FOR INDUSTRIAL SERVICE
Economic feasibility
Types of  Technical feasibility
Fea sibility  Operational feasibility
Study
Schedule feasibility  
Legal feasibility
About Us
A feasibility study aims to provide an independent  
assessment that examines all aspects of a proposed  
industrial project, including technical, economic,  
financial, legal, and environmental considerations.
A  feasibility study is a process where you assess the  
practicality of a proposed plan or method.
1. ECONOMIC FEASIBILITY
Economic feasibility allows the company 
to  determine the cost and benefits analyses, 
 which helps provide decision-makers with a  
list of potential economic benefits to the  
organization.
2 .  TECHNICAL FEASIBILITY
The technical feasibility studies can be applied to many  
types of projects, from software development to  
construction. Validate the technical resources and  
capabilities needed to convert the ideas into a working  
project or system. Technical feasibility includes  
checking for accessibility to technical resources and  
applications within the organization.
3. OPERATIONAL FEASIBILITY
Operational feasibility assesses how well a proposed  
plan fits within the existing business environment, and  
if developed, whether current purchasers will use it.
Some variables that affect the outcome of this analysis  
are whether management support etc..
4. SCHEDULE FEASIBILITY
This is also known as time visibility, this  
type of feasibility study can help you  
determine how reasonable the project’s  
timeline is when measured against existing  
projects and available resources.
5. LEGAL FEASIBILITY
legal feasibility checks to ensure that all parts of the  
proposed project adhere to legal rules and  requirements in 
that specific geographic area. Zoning  laws, social media 
laws and many others need to be  examined because the 
law must permit all aspects of  the project for an 
organization to get consent to  begin.
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