Before elaborate planning and development, a feasibility study is essential, especially for large investments. Through assessment of possible system alternatives, technical solutions and resource-demand based on situation analysis and analysis of objectives, the study ranges from problem-identification to the outline of advisable system development. Since feasibility studies cover risk and stakeholder analysis, composition of such study and consistent implementation of its suggestions are means of cutting down project risks radically. Main parts of a feasibility study are:
- current situation analysis
- rough summary of requirements
- mapping-out of feasible implementation alternatives
- drafting of the chosen implementation alternative
- cost-benefit analysis
- stakeholder analysis
- risk analysis
- sustainability analysis.
EU project preparation needs special feasibility studies; meeting content and structural requirements set by Managing Authorities is greatly important. eGov Consulting Ltd. has several feasibility study references in relation to priority project ideas and tenders of respective operative programs.