What aspect is considered in the economic dimension of feasibility analysis?

The economic dimension of feasibility analysis focuses primarily on the cost-benefit analysis, which evaluates the financial viability of a project or system. This aspect involves comparing the expected costs of the project against the anticipated benefits, helping to determine whether the investment will be worthwhile. It assesses not only direct costs such as development and implementation but also ongoing operational costs and potential revenue or savings generated by the project.

By conducting a cost-benefit analysis, stakeholders can identify whether the benefits sufficiently outweigh the costs, leading to more informed decision-making regarding project feasibility. This crucial step helps organizations to allocate resources effectively and supports strategic planning efforts by ensuring that financially sound projects are pursued.

In contrast, timeline considerations, technical risks, and organizational impacts, while important, fall under different dimensions of feasibility analysis. These factors are essential in evaluating overall project feasibility, but they do not directly pertain to the economic dimension, which is focused specifically on the financial rationale behind a project.