Course Content
Innovations in Business
Innovations in Business: Types of Innovations, Creating and Identifying Opportunities, Screening of Business Ideas
0/5
Business Plan and Feasibility Analysis
Business Plan and Feasibility Analysis: Concept and Process of Technical, Market, and Financial Analysis
0/4
Sickness in Small Industries
Sickness in Small Industries: Reasons and Rehabilitation
0/2
Unit X: Test Your Knowledge
Unit X: Test Your Knowledge
0/1
Unit X: Entrepreneurship Development

๐Ÿ› ๏ธ Technical Feasibility Analysis

Technical feasibility analysis evaluates whether the proposed product or service can be successfully designed, engineered, and produced using current technology and available resources. It typically includes:


  • ๐Ÿ“ Crucial technical specifications with respect to the design and product safety

Ensures the product meets safety standards and design expectations.


  • โš™๏ธ Engineering requirements

Covers material, machine, and system specifications necessary to build the product. Indicates emphasis on detailed technical planning.


  • ๐Ÿงช Product testing

Validates that the prototype meets technical standards. Reinforces its importance in feasibility.


Despite the repetition, all five are core aspects of technical feasibility and highlight the critical steps required for evaluating the viability of the product from a technical standpoint.