Feasibility Study Template
What is Feasibility Study Template?
A Feasibility Study Template is a structured framework used to evaluate the viability of a proposed project or initiative, particularly in complex systems and architecture contexts, such as those examined within frameworks like TOGAF (The Open Group Architecture Framework). This template typically includes sections to assess the project's technical, operational, and financial feasibility, enabling solution architects to systematically analyze whether the proposed solution aligns with organizational goals and requirements. Best practices in utilizing a Feasibility Study Template involve defining clear objectives, conducting stakeholder analysis, evaluating resource availability, and identifying potential risks and constraints. By adhering to a well-defined template, architects can facilitate informed decision-making, ensuring that investments in new technologies or approaches are strategically justified and aligned with the broader enterprise architecture.
Feasibility Study Template for Enterprise Architecture
Document Control
- Version: 1.0
- Date: YYYY-MM-DD
- Author: [Author Name]
- Reviewer: [Reviewer Name]
- Approval: [Approval Name]
Table of Contents
Executive Summary
Provide a high-level overview of the feasibility study, including key findings and recommendations.
Project Background
Describe the context and background of the project that is being assessed.
Objectives
List the key objectives of the project.
Scope
Define the scope of the feasibility study, including what will and will not be covered.
Stakeholders
Identify key stakeholders involved in the project.
Current State Assessment
Analyze the current state of the enterprise architecture, including strengths and weaknesses.
Proposed Solution
Outline the proposed solution and how it addresses the identified needs and gaps.
Feasibility Analysis
8.1 Technical Feasibility
Assess whether the technology required for the solution is available and viable.
8.2 Operational Feasibility
Evaluate if the organization is capable of supporting the proposed solution from an operational perspective.
8.3 Economic Feasibility
Analyze the cost-benefit of the proposed solution, including budget estimates and financial implications.
8.4 Legal and Ethical Feasibility
Check if there are any legal or ethical concerns associated with the proposed solution.
Risk Analysis
Identify potential risks associated with the project and proposed mitigation strategies.
Recommendations
Provide actionable recommendations based on the findings of the feasibility study.
Appendices
Include any supplementary material, data, or documentation relevant to the study.
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