Economic feasilibilty study (EFS) - WAAM -
Term
Economic feasilibilty study (EFS)
Glossary
A cost/benefit analysis of a state agency’s proposed electronic payment
acceptance and/or disbursement project that should demonstrate the economic feasibility (net benefit) of the proposed project. RCW 43.41.180 authorizes OFM to approve the electronic transfer of funds when economically feasible, and the EFS is the way the impact to the state is documented.