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feasibility study

a study designed to determine the practicability of a system or plan
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
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analysis or research into the practicality of a proposed plan or method, based on factors like marketplace, competition, available technology, manpower, and financial resources's 21st Century Lexicon
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feasibility study in Technology

systems analysis
Part of the systems develpment life cycle which aims to determine whether it is sensible to develop some system. The most popular model of feasibility study is "TELOS", standing for Technical, Economic, Legal, Operational, Schedule.
Technical Feasibility: does the technology exist to implement the proposed system? Is it a practical proposition?
Economic Feasibility: is the system cost-effective? Do benefits outweigh costs?
Legal Feasibility: is there any conflict between the proposed system and legal requirements, e.g. the Data Protection Act?
Operational Feasibility: are the current work practices and procedures adequate to support the new system?
Schedule Feasibility: can the system be developed in time?
After the feasibility study, the requirements analysis should be carried out.

The Free On-line Dictionary of Computing, © Denis Howe 2010
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