Chapter 3 Feasibility Study
Chapter 3 Feasibility Study
Chapter 3 Feasibility Study
Feasibility study is one of stage among important four stages of Software Project
Management Process. As name suggests feasibility study is the feasibility analysis
or it is a measure of the software product in terms of how much beneficial product
development will be for the organization in a practical point of view.
The feasibility study mainly concentrates on below five mentioned areas. Among
these Economic Feasibility Study is most important part of the feasibility analysis
and Legal Feasibility Study is less considered feasibility analysis.
1. Technical Feasibility –
2. Operational Feasibility
3. Economic Feasibility –
In Economic Feasibility study cost and benefit of the project is analyzed. Means
under this feasibility study a detail analysis is carried out what will be cost of the
project for development which includes all required cost for final development
like hardware and software resource required, design and development cost
and operational cost and so on. After that it is analyzed whether project will be
beneficial in terms of finance for organization or not.
4. Legal Feasibility
5. Schedule Feasibility –
In Schedule Feasibility Study mainly timelines/deadlines is analyzed for
proposed project which includes how many times teams will take to complete
final project which has a great impact on the organization as purpose of project
may fail if it can’t be completed on time.
the overall objective of the organization are covered and contributed by the
system or not.
the implementation of the system be done using current technology or not.
can the system be integrated with the other system which are already exist
The below steps are carried out during entire feasibility analysis.
For example one may need to have more storage if the volume of transactions goes
up. Considerations like compatibility and interfacing should be clearly stated.
Upgradability should also specified-such as a new process.
After the system requirements are understood, specification for the systems to be
acquired and prepared. These are used to prepare a Request for proposal . The
RFP is sent to the vendor from the vendor database or is used to advertise for bids
from vendors. The RFP should clearly contain: