×
INTELLIGENT WORK FORUMS
FOR ENGINEERING PROFESSIONALS

Log In

Come Join Us!

Are you an
Engineering professional?
Join Eng-Tips Forums!
  • Talk With Other Members
  • Be Notified Of Responses
    To Your Posts
  • Keyword Search
  • One-Click Access To Your
    Favorite Forums
  • Automated Signatures
    On Your Posts
  • Best Of All, It's Free!
  • Students Click Here

*Eng-Tips's functionality depends on members receiving e-mail. By joining you are opting in to receive e-mail.

Posting Guidelines

Promoting, selling, recruiting, coursework and thesis posting is forbidden.

Students Click Here

Jobs

Difference between Economically Feasible and Financially Feasible
2

Difference between Economically Feasible and Financially Feasible

Difference between Economically Feasible and Financially Feasible

(OP)
This may seem like a trivial question. On second thoughts, it probably is. And inane too.

But in your opinion, what is the difference between these two phrases "Economically Feasible" and "Financially Feasible"? Or, stuff it & whocares! there's no difference at all?

Obviously I have my views, but am curious to see what most people have to say about this.

---engineering your life---

RE: Difference between Economically Feasible and Financially Feasible

2
Financially feasible - The money is available to do it.

Economically feasible - If we do it, we can make money from it.

Regards,

RE: Difference between Economically Feasible and Financially Feasible

PSE - not a bad comparison...but I would think most people use the two interchangebly.

RE: Difference between Economically Feasible and Financially Feasible

From an engineering standpoint:

Economically feasible - The design is the lowest cost and best design that meets the market need.

Financially feasible - The design is a huge expensive kluge, but by doing it that way, we get to use that excess inventory from a past failed project and get the carrying cost off the books.

RE: Difference between Economically Feasible and Financially Feasible

Economically feasible. At the end of the assignment there is money left

Financially feasible At the beginning of the assignment finance is available. Don't know if it remains at the end.

RE: Difference between Economically Feasible and Financially Feasible

Economically feasible....the task has economic viability..it can be done

Financially feasible....You have the money to do it.

RE: Difference between Economically Feasible and Financially Feasible

I vote for PSE's definitions.

=====================================
Eng-tips forums: The best place on the web for engineering discussions.

RE: Difference between Economically Feasible and Financially Feasible

(OP)
I also agree with PSE's version.

Was just curious if people generally differentiated the terms or perhaps they used them interchangeably.

---engineering your life---

RE: Difference between Economically Feasible and Financially Feasible

I can see the differences as pointed out by PSE. I mean, there are two obviously differing definitions there. I am just not sure its so obvious which term should go with which definition. I would think either could go with either. But how would anyone know what definition was meant when either term were used?

Ed

www.engineerboards.com

RE: Difference between Economically Feasible and Financially Feasible

I utilized the distinction that finance deals with the "internal" business operations.  When you add in the marketplace (economy) you have gone "external" to the company.

Regards,

RE: Difference between Economically Feasible and Financially Feasible

Economically feasible - In first world markets, could be referring to the triple bottom line.

LewTam Inc.
Petrophysicist, Leading Hand, Natural Horseman, Prickle Farmer, Crack Shot, Venerable Yogi.

Red Flag This Post

Please let us know here why this post is inappropriate. Reasons such as off-topic, duplicates, flames, illegal, vulgar, or students posting their homework.

Red Flag Submitted

Thank you for helping keep Eng-Tips Forums free from inappropriate posts.
The Eng-Tips staff will check this out and take appropriate action.

Reply To This Thread

Posting in the Eng-Tips forums is a member-only feature.

Click Here to join Eng-Tips and talk with other members!


Resources