Feasibility study Feasibility analysis guides the organization in determining whether to proceed with a project. It also identifies the important risks associated with the project. Technical feasibility: Technical feasibility assesses the possibility of success and failure of the project. Economic feasibility: Economic feasibility can be understood from a cost$/$benefit analysis, which identifies costs and benefits associated with the project, assigns values to them, and then calculates the net benefit. Operational feasibility: Operational feasibility measures the suitability of the proposed system with regard to human factors. It is an assessment of the system's acceptance $($or rejection$)$ by the people within the organization.