Preview

Feasibility Study

Satisfactory Essays
Open Document
Open Document
352 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Feasibility Study
2. SYSTEM STUDY

2.1 FEASIBILITY STUDY

The feasibility of the project is analyzed in this phase and business proposal is put forth with a very general plan for the project and some cost estimates. During system analysis the feasibility study of the proposed system is to be carried out. This is to ensure that the proposed system is not a burden to the company. For feasibility analysis, some understanding of the major requirements for the system is essential.

Three key considerations involved in the feasibility analysis are

□ ECONOMICAL FEASIBILITY □ TECHNICAL FEASIBILITY □ SOCIAL FEASIBILITY

ECONOMICAL FEASIBILITY

This study is carried out to check the economic impact that the system will have on the organization. The amount of fund that the company can pour into the research and development of the system is limited. The expenditures must be justified. Thus the developed system as well within the budget and this was achieved because most of the technologies used are freely available. Only the customized products had to be purchased.

TECHNICAL FEASIBILITY

This study is carried out to check the technical feasibility, that is, the technical requirements of the system. Any system developed must not have a high demand on the available technical resources. This will lead to high demands on the available technical resources. This will lead to high demands being placed on the client. The developed system must have a modest requirement, as only minimal or null changes are required for implementing this system.

SOCIAL FEASIBILITY

The aspect of study is to check the level of acceptance of the system by the user. This includes the process of training the user to use the system efficiently. The user must not feel threatened by the system, instead must accept it as a necessity. The level of acceptance by the users solely depends on the methods that are employed to

You May Also Find These Documents Helpful

  • Powerful Essays

    Ist 419 Final Project

    • 1770 Words
    • 8 Pages

    This paper is aimed to conduct a thorough analysis on determining the most appropriate system for the company and how to implement the system best.…

    • 1770 Words
    • 8 Pages
    Powerful Essays
  • Best Essays

    Service Request SR rm 022

    • 3499 Words
    • 10 Pages

    In response to this request, this document will outline the following items. The information-gathering techniques and systems analysis tools proposed for this project. Critical factors to ensure the sucessful gathering of information required for the project. Description of the project scope and the areas of project feasibility, and key stakeholders of which requirements will be collected are also discussed.…

    • 3499 Words
    • 10 Pages
    Best Essays
  • Good Essays

    Improving a company’s system helps aid in its success in today’s market as well as in the future of the company’s growth and stabilization. this new system that will enable the company to promptly accomplish these requirements without hesitation and will not interfere with the company’s time management protocols or add extra unneeded expenses.…

    • 753 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Xacc/210 Final Project

    • 522 Words
    • 3 Pages

    The first stage of the system development life cycle is planning. The objective and requirements of the project are determined at this phase. An evaluation of personnel and costs, as well as ideas for new products is prepared. Once this information is gathered it is analyzed to determine if there is any alternative products to be used. At which point if there is not, then…

    • 522 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    The main reason behind the development and implementation of a new system should be the value that it adds to the organization. No system, no matter how advanced or how many bells and whistles, is worth the cost in time and resources if it does not add value to the organization beyond the costs. For this reason, one business goal associated with this…

    • 688 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    To determine what kind of system they would need to use they need to do some research on what program would fit best with the company. They need to see if it is feasible to do the project. Some things to consider are: economic feasibility, operational feasibility, technical feasibility, schedule feasibility, legal and contractual feasibility, and political…

    • 269 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    mgmt305 db3

    • 289 Words
    • 2 Pages

    A feasibility study must be used first by management for this new system. This new system must be usable by management, and the employees will report their appearance. This new system must be analyzed to see if it is economically feasible, and technically feasible. This system will be designed with software, and tested and implemented. After this new system has been used for a while, the system will be updated, and tweaked for flaws, or mistakes from the startup.…

    • 289 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    CIS510 STUDENT GUIDE

    • 6331 Words
    • 26 Pages

    This course provides an integrated approach to system analysis and design processes. Students will explore advanced topics to evaluate and select system development methodologies and design system solutions. The role of effective interpersonal communication techniques and integration practices with users and user systems is emphasized.…

    • 6331 Words
    • 26 Pages
    Good Essays
  • Good Essays

    Case Study It

    • 600 Words
    • 3 Pages

    It was a lot of study and research performed prior to posting the entire idea of the project’s functionality and structure. Linda Watson tried to estimate the labor hours needed to implement the draft of the system. She has done her best to calculate the budget for the project. The estimates showed $ 250,000 – $ 350,000 to complete the project. After introducing the project, the company will constantly save $135,000 each year for a regular operations. Moreover, the PAS system will simplify operation structure of Consumers and Industrial Products. Inc., while also allowing for the company’s growth.…

    • 600 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Given these business requirements, the technical requirements could be defined. The chosen software should show…

    • 423 Words
    • 2 Pages
    Good Essays
  • Better Essays

    The service did extensive research about clients and potential clients to analyze their needs. After analyzing and evaluating the project was successful because management is satisfied with the new system which meets all the requirements and was within the budget.…

    • 1482 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Week 10 Assignment

    • 1474 Words
    • 5 Pages

    This paper will analyze techniques used for requirements determination, collection, and organization. It will also summarize effective communication techniques with various organizational stakeholders to collect information by using a variety of techniques that conveys proposed solution characteristics. Analyze and present methods to initiate, specify, and determine various aspects of feasibility of these projects. This paper will also develop a solution to proposed business problem using structured systems analysis and design methods. Finally, this paper will be written clearly and concisely about advanced systems analysis and design using proper writing mechanics and technical style conventions.…

    • 1474 Words
    • 5 Pages
    Powerful Essays
  • Better Essays

    I decided to choose this topic because I had the chance to work with the system in practice in the Automotive Lighting plant in Jihlava. I want to explain the origins of this technology and take a closer look at its major features. I will also try to show how this system increases business value and where its limitations are. Last but not least I show some example of practical use in small and medium companies and I will try to determine the latest trends in the industry of this technology. My chosen company is SAP which produces software in the fields of ERP, CRM and SCM.…

    • 928 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Feasibility is simply weather or not something can be done. The four tests are: operational feasibility: is the proposal desirable from an operational point of view. technical feasibility: are the necessary resources available to do the project. economic feasibility: what will the project cost, will it be acceptable from a financial point of view. schedule feasibility: is there adequate time to do the work.…

    • 758 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    G52FSE revision

    • 2357 Words
    • 10 Pages

    generally working as a team, this would cause all sorts of problems - we need…

    • 2357 Words
    • 10 Pages
    Good Essays