What techniques can you use to evaluate solution feasibility? (2024)

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1

Define criteria

2

Conduct research

3

Perform analysis

4

Test prototypes

5

Review results

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6

Monitor and evaluate

7

Here’s what else to consider

Evaluating solution feasibility is a crucial step in any decision-making or problem-solving process. It helps you assess whether a proposed solution is realistic, viable, and beneficial for your situation. However, how can you determine the feasibility of a solution without wasting time, money, or resources? In this article, you will learn about some techniques that can help you evaluate solution feasibility in a systematic and effective way.

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  • Rahul Pol Global People Leader, Pharmaceuticals

    What techniques can you use to evaluate solution feasibility? (3) 2

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What techniques can you use to evaluate solution feasibility? (8) What techniques can you use to evaluate solution feasibility? (9) What techniques can you use to evaluate solution feasibility? (10)

1 Define criteria

The first technique is to define the criteria that you will use to measure the feasibility of a solution. Criteria are the standards or requirements that a solution must meet to be considered feasible. For example, some common criteria are cost, time, quality, risk, impact, and alignment with goals. You can also use specific criteria that are relevant to your context, such as customer satisfaction, environmental sustainability, or legal compliance. By defining the criteria, you can clarify what you expect from a solution and how you will compare different options.

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    SWOT Analysis: Analyze the Strengths, Weaknesses, Opportunities, and Threats associated with the solution. This helps identify potential roadblocks and leverage existing strengths.

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  • Sarah D. Growth @ Google | Curious | Creative | Practical
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    In a case like design thinking, it's critical to keep parameters in mind.1. Purpose of Solution2. Problem being solved2. What is in & outside of this solution's scope3. Stay realistic4. How does this address the problem? Anything left out or less prioritized?5. Ideally a test trying multiple solutions for feed back from stakeholders!

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2 Conduct research

The second technique is to conduct research to gather relevant information and data about the solution and its context. Research can help you understand the current situation, the needs and preferences of the stakeholders, the available resources and constraints, and the potential outcomes and implications of the solution. You can use various methods of research, such as surveys, interviews, observations, experiments, or literature reviews. By conducting research, you can validate your assumptions, identify gaps and opportunities, and support your decisions with evidence.

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    Conducting research could be an incredible option to keep solution feasibility in check.While doing so, clearly defining research objective is very important in order to collect relevant, accurate and validated dataFor instance, if data is collected through surveys or questionnaires, it is crucial to ensure that they are designed properly to elicit desired responses and there is least inconsistency in the data, so one can vouch on for the accuracy of the outcome

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3 Perform analysis

The third technique is to perform analysis to evaluate the solution against the criteria and the research findings. Analysis can help you quantify and qualify the feasibility of a solution, as well as identify its strengths, weaknesses, opportunities, and threats. You can use various tools and techniques of analysis, such as cost-benefit analysis, SWOT analysis, risk analysis, or feasibility matrix. By performing analysis, you can compare and contrast different solutions, weigh the pros and cons, and determine the trade-offs and compromises.

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  • Ezenezie Eze Management Consultant, People and Technology
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    An assessment of the ROI aligned with impact and amount of effort is a great way to determine feasibility of any initiative. If the effort is low and impact is high, it is highly feasible, and vice versa.

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  • Abhi Kapoor ESG Enthusiast || UGC NET JRF Holder || Finance || Sustainability || Conversational AI || Educator || IIM Indore
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    Evaluating solutions involves thorough analysis—a practice integral in my professional experience. Techniques like cost-benefit and SWOT analysis provide a structured approach to assess feasibility, strengths, weaknesses, and risks. The practicality of employing tools such as the feasibility matrix has proven effective. This analytical process facilitates informed decision-making by comparing solutions, considering trade-offs, and understanding compromises. It's a succinct yet comprehensive methodology to ensure thorough evaluation and selection of solutions based on well-defined criteria and research findings.

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4 Test prototypes

The fourth technique is to test prototypes to simulate and observe the solution in action. Prototypes are simplified versions or models of the solution that can be used to demonstrate its functionality, usability, and desirability. You can use various forms of prototypes, such as sketches, mock-ups, wireframes, or minimum viable products. By testing prototypes, you can collect feedback from the users, stakeholders, or experts, as well as identify and resolve any issues or errors before implementing the solution.

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  • Susana Bejarano Ruiz Strategy | Inter-institutional Connections | Territorial and Generational Development | Leadership | Collaborative Solutions | Strengthening Communities and Businesses | Innovation for Social Impact
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    Most likely, a solution that arises as an idea en the problem-solving process, has already been considered, implemented or succeeded in the past in the same organization or others. Therefore, using those frameworks, methodologies and routes, may ease the procedure.

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5 Review results

The fifth technique is to review the results of the previous techniques and make a final judgment on the feasibility of the solution. Reviewing the results can help you summarize and synthesize the information and data that you have collected and analyzed, as well as highlight the key findings and recommendations. You can use various methods of reviewing the results, such as reports, presentations, or dashboards. By reviewing the results, you can communicate your conclusions and rationale, as well as justify your choice of solution.

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6 Monitor and evaluate

The sixth technique is to monitor and evaluate the solution after it has been implemented and see if it meets the criteria and the expectations. Monitoring and evaluating the solution can help you measure its performance, impact, and outcomes, as well as identify any deviations, challenges, or improvements. You can use various indicators and metrics to monitor and evaluate the solution, such as key performance indicators, customer feedback, or return on investment. By monitoring and evaluating the solution, you can ensure its sustainability, effectiveness, and efficiency, as well as learn from the experience and apply the lessons to future solutions.

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  • Richard Callais Grant Writer I Grant Coordinator I Technical Writer
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    To evaluate solution feasibility, start with a cost-benefit analysis, balancing potential gains against risks and resources. Use predictive analytics for data-driven forecasts. Set measurable objectives and key performance indicators (KPIs) for ongoing monitoring. Regularly review these KPIs to track progress and adjust as needed. Engage stakeholders for diverse insights and ensure goal alignment. Conduct a risk assessment to foresee and address potential issues. Adaptability is key; be ready to modify your approach based on real-time feedback and evolving circ*mstances. Gather and analyze both quantitative and qualitative feedback to continuously refine the solution.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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  • Rahul Pol Global People Leader, Pharmaceuticals
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    In my opinion, we should discuss widely used techniques of critical thinking and scenarios wherein those can be implemented. Following techniques should have been discussed for max benefit to readers -1. RCA or fishbone or 5-Why to understand the problems first and assess solutions against clearly defined challenges.2. SWOT analysis3. Mind mapping 4. Pareto analysisIt is crucial to select effective technique for the given scenario to identify the most workable solution.

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