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6. 5. 4. 3. 2. 7.Content 1. Feasibility Study Economic Feasibility Study Technical Feasibility Study Operational Feasibility Study Behavioral Feasibility Study Schedule Feasibility Study Steps Involved In The Feasibility Study .

and ultimately the prospects for success.FEASIBILITY STUDY ‡ Feasibility Studies aim to objectively and rationally uncover the strengths and weaknesses of the existing business or proposed venture. the resources required to carry through. opportunities and threats as presented by the environment. .

 Development costs.ECONOMIC FEASIBILITY STUDY ‡ The most frequently used method for evaluating the effectiveness of a new system.  Operating costs. . ‡ To determine the benefits and savings that are expected from a candidate system and compare them with costs. ‡ Cost-based study: It is important to identify cost and benefit factors.

TECHNICAL FEASIBILITY STUDY ‡ ‡ ‡ ‡ Following things should be considered Determine available hardware Determine available computer configuration Determine available software .

.OPERATIONAL FEASIBILITY STUDY ‡ A measure of how well a proposed system solves the problems. and takes advantage of the opportunities identified during scope definition and how it satisfies the requirements identified in the requirements analysis phase of system development.

‡ No specialized training would be needed. only a few hours of instructed demo needs to be given to the user.BEHAVIOURAL FEASIBILITY STUDY ‡ The staff of the organization was open-minded towards the acceptance of this new concept. .

SCHEDULE FEASIBILITY STUDY ‡ A project will fail if it takes too long to be completed before it is useful. ‡ Estimating how long the system will take to develop. ‡ You need to determine whether the deadlines are mandatory or desirable. . ‡ Schedule feasibility is a measure of how reasonable the project timetable is.

Enumerate the candidate systems. Selecting the best candidate for the system and preparing the final report for the management.STEPS IN THE FEASIBILITY STUDY Forming a team for the specific project and appointing a suitable leader. Reviewing the performance of the system and performing the cost analysis. Preparing layouts and flowcharts of the system. Identify and describe the characters of the candidate systems. Determining the performance of each candidate system with the standards set. .