Feasibilities

The plural form of 'feasibility', which refers to the potential or likelihood of something being done or accomplished successfully. It involves an assessment of the practicality and possibility of a plan, project, or system. It considers various factors, including resources, costs, risks, technology, legal constraints, and market demand. The term often implies an evaluation process, seeking to determine whether a proposed action or idea is viable and worth pursuing. Evaluating feasibilities is crucial in decision-making processes across numerous domains, from engineering and business to public policy and scientific research. The process aims to mitigate potential failure by identifying and addressing challenges upfront.

Feasibilities meaning with examples

• The project manager presented the different product feasibilities to the stakeholders, emphasizing the challenges of implementing the new system. Each option was assessed on financial projections, technical requirements, and potential regulatory hurdles. A detailed report outlined the relative ease and projected returns of each strategy. This crucial assessment allowed the team to make the most effective strategic decision.
• Before launching the startup, extensive market research was conducted to analyze different business model feasibilities. The analysis considered factors such as market size, competition, and pricing strategies. The team evaluated their capital, human resources, and projected profitability. This exhaustive process allowed the founders to make the crucial, evidence-based decision to take their concept to market.
• The engineering team analyzed the construction feasibilities of the proposed bridge design, taking into account soil conditions, material costs, and environmental impact. They ran complex simulations and analyzed data to assess the structure's capacity and the timelines required to bring the project to completion. The aim was to produce a safe and efficient structure without unacceptable costs.
• The government tasked an independent body to examine the policy's social and economic feasibilities. They examined potential benefits, negative impacts, cost to taxpayers, and any legal or moral issues. They performed public consultations with stakeholders to determine support for the policies. The aim was to produce unbiased recommendations for the government to consider.
• Given the financial constraints and resource limitations, the project’s initial planning phase emphasized the need to review multiple program feasibilities. The team analyzed a wide range of implementation strategies, assessing how various choices would affect available resources. They then reviewed the plans with relevant personnel to get their input.
• The exploration team carefully investigated the technological feasibilities of extracting resources in the harsh polar conditions. They explored the types of equipment that would be needed and the potential risks to workers. After weeks of data analysis, the team would prepare a full report on their findings to their superiors.
• The committee evaluated the feasibilities of the various alternative solutions to increase water supply. Each proposed solution underwent a full technical and environmental review. They also investigated how these different potential actions would impact the local community. In the end, the board voted for the strategy with the best cost-benefit ratio.
• The development team carefully investigated the regulatory feasibilities associated with the creation of new pharmaceuticals. This included analyzing the timeline for required testing and the approvals that would be needed. This included evaluating each potential avenue with local, national and international agencies to prepare a full assessment.