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Feasibility Study in Software Development
A feasibility study in software engineering is a rigorous evaluation of the profitability and viability of a software development initiative. An IT consulting company with 35 years of experience, ScienceSoft helps businesses understand whether a new software project is worth their time and money.
Not Sure in Technical and Economic Viability of a Software Development Initiative?
What You Get with a Feasibility Study
We analyze your business needs, stated goals and current business processes to provide you with a feasibility study report. Our report contains:
Several software solution alternatives
with rated strengths and weaknesses for each suggested variation.
Advice on the best-fitting solution
with a clear rationale behind our suggestions.
Optimal tech stack and architecture design
ensuring high performance, usability, scalability, security, easy evolution, and cost-effectiveness of your solution.
An implementation roadmap
for a recommended solution to achieve the project goals and effectively address time and budget constraints.
Additionally, you can opt for a small proof-of-concept (PoC) to test and verify the chosen technologies. ScienceSoft delivers a PoC in 2-3 weeks.
Why Trust Feasibility Assessment to ScienceSoft
- 35 years in end-to-end software engineering.
- Over 4,000 successful projects.
- IT consultants with 10-20 years of hands-on experience in their expert fields.
- 750+ full-time employees onboard, including certified IT consultants, BAs, technical architects, and QA consultants.
- Recognized tech leader by BBB (rating: A+), Forrester, and Clutch.co.
- Profound experience in big data, IoT, AI/machine learning, blockchain, image analysis:
- Data analytics services since 1989.
- Big data consulting services since 2013.
- IoT consulting services since 2011.
- Mature quality management system confirmed by the ISO 9001 certification allowing to implement projects that fully meet our clients' quality, time, and budget expectations.
- Guaranteed security of the customers’ data we access proved by ISO 27001 certificate.
Explore Our Featured Success Stories
86 results for:
Fintech CRM Migration Consulting to Optimize Costs and Minimize Risks
ScienceSoft compared the three best-fitting CRM platforms in the context of Client needs and advised on the most feasible option. The company received detailed discovery documentation and a step-by-step plan for a smooth migration to Microsoft Dynamics 365 CRM.
NFT Marketplace Consulting to Reduce Time to Market
ScienceSoft delivered a business case and technical design for an NFT marketplace and built an interactive prototype to test the platform’s usability. With our assistance, the Client quickly proved the feasibility of its idea and confidently moved to development.
Dynamic WMS Prototype for Effective Warehouse Automation
ScienceSoft provided custom warehouse management system design, an interactive prototype, the optimal automation tech stack, and a detailed project plan in just 8 weeks. The Client was able to promptly start WMS development, optimize project costs, and minimize risks.
Case Study
Product Consulting and MVP Development for a Beauty Services Software Startup
ScienceSoft delivered clickable prototypes and a detailed MVP launch plan for an all-in-one beauty services web portal. The Client managed to attract new investors and partners, shorten the portal’s time to market, and ensure high user adoption.
Our Approach to Conducting a Feasibility Study
Grounded estimates
We provide you with a detailed feasibility report with a transparent rationale and all the supporting information attached.
Minimal disruption to your daily workflows and schedules
To minimize the interference with your processes, we:
- Inform you in advance about the number of your engagement hours we will need.
- Adjust our communication to your business hours and a preferred communication channel (email, voice/video calls).
- Report on the progress regularly.
Choose Your Service Option
Exploration of software solution alternatives
- You have an urging business need that can be solved with a software solution.
- We analyze your needs, define available solution variants, and help choose an optimal one in terms of operational and economic feasibility.
Analysis of several shortlisted software solutions
- You have a prepared list of comprehensively described software solutions but can’t choose the best one.
- We help you decide on the optimal option in terms of technical feasibility and cost/benefit ratio.
Assessment of the pre-selected software solution
- You have a detailed technical description of a pre-selected software solution.
- We help you outline the project budget (for in-house and outsourced software development), identify development risks, and assess overall software profitability.
Determine the Value of Your Project
Through a viability and profitability analysis, ScienceSoft’s consultants can provide a detailed explanation of whether your software project is worth implementing. We’ll assess it in terms of economic, technical and operational feasibility and deliver a structured software development strategy outline to maximize the possible value.