Definitions
- Referring to the possibility of something being done or achieved. - Talking about the practicality or likelihood of a plan or project being successful. - Describing the extent to which something is possible or achievable given the available resources and circumstances.
- Referring to the ability of something to survive or thrive in a particular environment or situation. - Talking about the likelihood of a business or project being profitable or successful. - Describing the potential for something to be effective or useful in achieving a particular goal or objective.
List of Similarities
- 1Both words refer to the possibility or likelihood of something being successful.
- 2Both words are used to evaluate plans, projects, or ideas.
- 3Both words are concerned with the practicality or effectiveness of something.
What is the difference?
- 1Scope: Feasibility is more focused on whether something is possible or achievable given the available resources and circumstances, while viability is more concerned with whether something is likely to be successful or effective in achieving a particular goal or objective.
- 2Emphasis: Feasibility emphasizes the practicality or workability of something, while viability emphasizes the potential for success or profitability.
- 3Application: Feasibility is often used in the context of evaluating plans or projects, while viability is often used in the context of assessing the potential for a business or product to be successful.
- 4Timeframe: Feasibility is often used to assess the short-term practicality of something, while viability is often used to assess the long-term potential for success or profitability.
- 5Connotation: Feasibility is neutral in connotation, while viability has a positive connotation as it implies potential for success or profitability.
Remember this!
Feasibility and viability are both words used to evaluate the practicality or potential for success of plans, projects, or ideas. However, feasibility is more focused on whether something is possible or achievable given the available resources and circumstances, while viability is more concerned with whether something is likely to be successful or effective in achieving a particular goal or objective. Additionally, feasibility is often used in the context of evaluating short-term plans or projects, while viability is often used to assess the long-term potential for success or profitability of a business or product.
