What is the purpose of a feasibility study in software development?

The purpose of a feasibility study in software development primarily revolves around assessing whether a proposed project is viable and should move forward. This study evaluates various aspects such as technical feasibility, economic feasibility, legal feasibility, and operational feasibility. By conducting this analysis, stakeholders can identify potential risks, resource requirements, and the overall practicality of the project, helping to prevent unnecessary expenditures on projects that may not succeed.

While profitability might be considered within the context of economic feasibility, the feasibility study encompasses a broader perspective that includes multiple factors and will guide decision-making on whether or not to initiate the project. Thus, focusing specifically on determining if the project should commence aligns perfectly with the core objective of a feasibility study.