Technical Feasibility

Definition: The process of proving that the concept is technically possible.

Objective: The objective of the technical feasibility step is to confirm that the product will perform and to verify that there are no production barriers.

Product: The product of this activity is a working model.

Technical Activities: During the technical feasibility step the following must be completed.

• Test for technical feasibility;

• Examine the operational requirements;

• Identify potential safety and environmental hazards;

• Conduct a preliminary production feasibility assessment;

• Conduct a preliminary manufacturing assessment;

• Estimate engineering prototype costs

Technical Information: The technical feasibility step generates knowledge about the product or process's design, performance, production requirements, and preliminary production costs.

Assessment:

Do you have a working model of the product?

Have you evaluated the safety factors of the model?

Have you evaluated the environmental factors?

Have you evaluated the feasibility of producing the product?

Have you measured how the product will perform?

Do you have a design for the product?

Do you have a design for the production process?

 

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The Arkansas Small Business and Technology Development Center is funded in part through a cooperative agreement with the U.S. Small Business Administration through a partnership with the University of Arkansas at Little Rock College of Business and other institutions of higher education. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. It is the goal of UALR to eliminate discriminatory harassment and to promote equal opportunity regardless of race, gender, color, national origin, sexual orientation, age, religion, veteran's status, or disability.