Feasibility Study:
Feasibility is a process that
identifies , describes and evaluates proposed system and selects the best
system for the job. During the study, the problem definition is solved and all
aspects of problem to be included in the system are determined. Size of
project, cost and benefits are also estimated with greater accuracy. The result
of feasibility study is simply a report which is a formal document detailing
the nature and scope of the proposed solution.
Types-
1. Technical
feasibility
2. Economical
feasibility
3. Operational
feasibility
4. Behavioral feasibility
1.
Technical
feasibility:
It
determines whether the technology needed for the proposed system is available
and how it can be integrated within the organisation. Technical evaluation must
also assess whether the staff have technical expert to understand and use the
new technology.
2.
Economical
feasibility:
The
purpose of assessing economical feasibility is to identify the financial
benefits and cost associated with the development of the system. Economic
feasibility is often known as the cost benefit analysis. To carry out an
economical feasibility study it is necessary to estimate actual money value
against activities needed for implementing the system.
3.
Operational
feasibility:
It
is concerned with human, organisational and political aspects.
It
includes two ways–
i.
Technical performance:
It
includes issues such as whether the system can provide the right information
for organisation’s personnel at right time and right place.
ii.
Acceptance within the organisation:
It
determines the general attitudes and job skills of existing personnel and
whether any changes in job work will be acceptable by the current users.
4. Behavioral feasibility:
It
includes how strong the reaction of staff will be towards the development of
new system that involves computer’s use in their daily work. So resistant to
change is identified.
Ø After
feasibility study feasibility report is prepared and submitted to the management.
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