Explain the objectives and importance of a feasibility study.

Explanation should include

• defining feasibility study
• summarizing reasons for conducting a feasibility study
• explaining the importance of using a feasibility study in guiding a project.

Process/Skill Questions:

• What are the five areas of feasibility involved in a feasibility study (technology and system, economic, legal, operational, schedule)?
• What is a cost-benefit analysis, and how is it a factor in an engineering design project?
• What is the difference between legal and ethical considerations in an engineering design project?