What does technical feasibility involve?

Technical feasibility primarily involves evaluating the knowledge of current and emerging technological solutions to determine whether the proposed system can be developed and implemented using the available technology. This assessment includes looking at hardware requirements, software capabilities, and the overall suitability and compatibility of technology to meet the project specifications. Furthermore, understanding technological trends helps ensure that the system not only aligns with existing infrastructure but is also scalable and sustainable for future needs.

In contrast, assessing the financial impact of the proposed system pertains more to economic feasibility, which evaluates costs and potential financial benefits. User satisfaction is tied to operational feasibility, focusing on how well the system will meet user expectations and needs. Market research and competitor analysis relate to the commercial viability of the project rather than its technical aspects. Each of these areas plays a crucial role in the overall project evaluation but does not specifically address the technical feasibility aspect like knowledge of current and emerging technologies does.