Business Case and Feasibility Analysis is a structured pre-investment evaluation process that determines whether a proposed information system acquisition, development, or implementation should proceed. A business case documents the justification for the investment — articulating the problem being solved, expected benefits, estimated costs, risks, and alternatives considered. Feasibility analysis independently assesses four dimensions: (1) Financial feasibility — whether the investment generates acceptable return, evaluated through NPV, IRR, and payback period; (2) Technical feasibility — whether the technology can be built, integrated, and sustained given current and projected capabilities; (3) Operational feasibility — whether the organization can absorb and effectively use the system given staffing, processes, and culture; and (4) Schedule feasibility — whether the project can be delivered within acceptable time constraints given dependencies, resource availability, and business windows. Together, these four dimensions produce a governance-ready go/no-go (or conditional-proceed) decision package. This is NOT a project plan (which governs execution after approval), NOT a requirements document (which defines what to build), and NOT a post-implementation review (which validates whether assumptions held true after delivery).
Where it stops · what it isn't
- —IS: A pre-investment decision document synthesizing financial, technical, operational, and schedule feasibility into a governance-ready recommendation
- —IS: A stakeholder alignment tool that surfaces competing interests — finance, operations, IT — before project initiation
- —IS: An assumption-documentation instrument — the explicit record of what must be true for the investment to succeed
- —IS NOT: A project plan, charter, or execution roadmap (those follow feasibility approval)
- —IS NOT: A requirements specification or system design document
- —IS NOT: A one-time static artifact — feasibility findings must be reassessed at governance gates throughout delivery
- —IS NOT: A pure financial model — non-financial dimensions (technical risk, operational readiness) carry equal weight in the final recommendation
- —IS NOT: A vendor evaluation or RFP process, though vendor viability is an input to technical and operational feasibility
Connected concepts in the graph
Every cubelet sits in a knowledge graph. Here's what this one connects to.
REQUIRESSystem Development Methodologies (SDLC)IT Cost Categorization and Budgeting Fundamentals
ENABLESProject Governance and ManagementIT Acquisition and Contract Management
RELATED TOPostimplementation ReviewRequirements Analysis and Design
PART OFIS Acquisition, Development, and Implementation Domain (CISA)
CONSTRAINSIT Portfolio Management and Capital Allocation