Feasibility Analysis
Feasibility analysis is a critical examination of a project’s viability. It addresses factors, such as the costs, benefits, risks, and other issues, that can make or break a project. Even though your project may be a great idea, you still must determine whether it is cost-effective, carries minimal risk, and has the capacity to produce the deliverables.
Using the readings for the week, the South University Online Library, and the Internet, respond to the following:
Why is a feasibility analysis essential when proposing a healthcare informatics project?
What data will you need to conduct a feasibility analysis?
What methods or processes will you use to collect these data?
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