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A feasibility study is an assessment of the practicality of a project or system. A feasibility study aims to objectively and rationally uncover the strengths and weaknesses of an existing business or proposed venture, opportunities and threats present in the natural environment, the resources required to carry through, and ultimately the prospects for success.
There is no set way to conduct a Front-End Engineering study. Generally, FEE requires an engineer or a group of engineers to thoroughly and logically consider a proposed project. Example considerations may include: Degree of automation – depending on the application being considered, automation may or may not be appropriate. Determining the ...
Front-end loading (FEL), also referred to as Front-End Engineering Design (FEED), Front End Planning (FEP), pre-project planning (PPP), and early project planning, is the process for conceptual development of projects in processing industries such as upstream oil and gas, petrochemical, natural gas refining, extractive metallurgy, waste-to-energy, biotechnology, and pharmaceuticals.
There are 4 methods of verification: analysis, inspection, testing, and demonstration. Numerical software execution results or through-put on a network test, for example, provides analytical evidence that the requirement has been met. Inspection of vendor documentation or spec sheets also verifies requirements.
A feasibility study in 2015 identified the CRANDIC corridor as a potential route for commuter rail. Future studies assessed additional alternatives; in 2018 the line was studied for rail trail conversion, in 2020 conventional commuter rail was studied, and in early 2024 the line was studied for conversion into a paved busway .
A 1986 MBTA feasibility study for an extension to Charles/MGH evaluated a cut-and-cover tunnel beginning west of Bowdoin Street with no changes to Bowdoin station. The project was then estimated to cost $79–95 million (equivalent to $186–224 million in 2023).
The feasibility study is an evaluation and analysis of the potential of a proposed project to support the process of decision making. It outlines and analyses alternatives or methods of achieving the desired outcome. The feasibility study helps to narrow the scope of the project to identify the best scenario.
A phase-gate process (also referred to as a waterfall process) is a project management technique in which an initiative or project (e.g., new product development, software development, process improvement, business change) is divided into distinct stages or phases, separated by decision points (known as gates).