Explain term feasibility study

Explain term feasibility study? Specify some of the contents that feasibility report should consists of?

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A feasibility study is defined as an initial look at the existing information processing system for deciding how it might be computerized or improvised.

The contents of feasibility report are as given below:

a) A statement describing the purpose of system.
b) Definition of the system scope.
c) List of deficiencies of present system.
d) User requirements.
c) Cost and benefits of the development.
d) Conclusion and recommendations.

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