Difference between Economically Feasible and Financially Feasible 2

[ddkm]

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---

 

[PSE]

Financially feasible - The money is available to do it.

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

Regards,

 

[JAE]

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

 

[Comcokid]

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.

 

[arunmrao]

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.

 

[Ron]

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

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

 

[electricpete]

I vote for PSE's definitions.

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[ddkm]

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---

 

[HVACctrl]

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

http://www.engineerboards.com

 

[PSE]

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,

 

[lewtam]

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.