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Feasibility Studies

            
             A feasibility study investigates the practicality of the proposed solution, it asks the question "is it suitable?", the difference between feasibility & ability is that of possible versus suitable.
             A feasibility study examines.
            
             • Financial feasibility.
            
             • Technical feasibility.
            
             • Scheduled feasibility.
            
             • Operational feasibility.
             Choosing a solution.
             For a proposed solution the feasibility study will recommend wether or not it is suitable. If two or more different proposals are considered feasible, then a choice has to be made. Normally the users (usually management) will decide which solution fits best their needs.
             Reasons given for choosing one alternate over others may include difference in:.
            
             • Costs - if all other things are equal , then it will be hard to justify choosing a more expensive alternative.
            
             • Implementation - getting a system operational quickly can be important , but not if it affects other outcomes. What is the advantage of a system that can be installed and operating in a few weeks if it will take several months to train the staff to use it.
            
             • Staff Expertise - a system that can use existing staff resources may be preferable, both socially & financially, to one that will require the use of outside experts.
            
             • Flexibility & Future Expansion - all systems have a limited useful life. A solution that can extend its life by meeting changing needs and future expansion demands will save considerable time and money in the future.
            
             •Complexity A simpler solution that meets all the requirements is often a better solution.
             The final decision will often depend on negotiations and discussed involving several of these points:.
             Once a decision has been made, a functional specification is usually prepared. Table 1.3 summarises a typical specification for a company that is about to introduce an e-commerce (Internet trading) system for customer orders and product information.


Essays Related to Feasibility Studies

1. IT projecy management

In order to manage a system development well, the participation of users is a must, assigning the appropriate staff and defining their roles can help a lot, the procedure of writing down the statement of the project's nature & scope and conducting feasibility study would increase the possibility of success. Examples of feasibilities are technical feasibility, operational feasibility and economical feasibility. ... All the reasons mentioned above are elements that increase the possibility of failure in any system development cycle and in order to work on solving them, they should deter...

  • Word Count: 532
  • Approx Pages: 2
  • Grade Level: Undergraduate

2. System Development Life Cycle

WESTCON, San Francisco, 1970 1.2.1 Feasibility: Establish scope & objectives; determine whether project is viable 1.2.2 Analysis: Define what constitutes a solution to the problem 1.2.3 Design: identify in detail how the system will be constructed 1.2.4 Implement: Write the program & procedures; install 1.2.5 Test: test system 1.2.6 Maintain: Provide support & enhancements http://www.doc.mmu.ac.uk/online/SAD/T02/sdlc.htm 1.3.1 Problem Definition: Establish what the problem is 1.3.2 Feasibility Study: Establish scope & objectives; determine whether project...

  • Word Count: 1215
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3. Adopting Customized Dining Options

Keywords: customized dining plan, students, administration, on-campus, off-campus, faculty Executive Summary On February 6, 2014, I had started researching the issues in regards to the current TAMU dining plan options and asked students and faculty to participate in a feasibility study for the adoption of a customized dining plan option. ... On the basis of these conclusions, I recommend TAMU to proceed with its feasibility study of the costs and benefits of adopting a customized dining option for students attending TAMU. Introduction On February 6, 2014, I had started researching the issue...

  • Word Count: 1830
  • Approx Pages: 7
  • Grade Level: Undergraduate

4. Case Study on the Channel Tunnel

In this case study, this Chunnel is analyzed based on system engineering life cycle model as shown in Figure 1 on how successive the Chunnel project was. ... However this idea was ignored until revived by Thome de Gamond in 1857 and were further researched and studies been conducted by the Channel Tunnel Study Group in 1957. In November 1973, the project of the construction and the operations of a railway tunnel under the Channel Tunnel Study Group was launched at Chequers by Edward Heath, British Prime Minister, and Georges Pompidou, French President, when a Franco-British Channel Tunnel Tr...

  • Word Count: 1767
  • Approx Pages: 7
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5. Engineering Economy

One alternative that may be feasible in a decision situation is making no change to the current operation or set of conditions (i.e., doing nothing). If you judge this option feasible, make sure it is considered in the analysis. ... If all prospective outcomes of the feasible alternatives were exactly the same, there would be no basis or need for comparison. ... This, of course, will not be feasible with some of the outcomes. ... Only post-evaluations will highlight this type of weakness in the engineering economy studies being done in an organization. ...

  • Word Count: 1419
  • Approx Pages: 6
  • Grade Level: Undergraduate

6. Immigration

"The Center for Immigration Studies estimated in 1995 that immigration costs us a net $29 billion a year--more than the combined budgets of the Departments of State, Justice and Interior."... Moreover an analysis of the proposal feasibility which includes the arguments in favor of and the criticisms of the proposal and what groups are pointing out these deficiencies. ...

  • Word Count: 629
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7. Analysis of "A Proposal to Abolish Grading"

The idea of this is a great concept, but I do not believe that it is a feasible one. Goodman opens his essay with somewhat a challenge for a group of Ivy League schools to do away with testing, and the results will be drastic based on how the student studies. ... Also my parents were always on my case about studying for tests. ... He says that it is not fair for a student who is earnestly studying and trying to do well and receive an F. ... Overall he has a valid argument; it is just not a feasible plan of action to get rid of the grading system. ...

  • Word Count: 803
  • Approx Pages: 3
  • Has Bibliography
  • Grade Level: High School

8. Euthanasia - Care, Not Killing

Promoting palliative care is the best and one of the few solutions for euthanasia because of its functionality, operational feasibility and as well its social and cultural acceptance. ... Another subject matter to consider while evaluating the solution is operational feasibility. Operational feasibility is the organizations availability of a trained staff and a budget. ... On the other hand, a study by psychologists Smith and Bond (1998) shows the culture differences in conformity between western and eastern societies. ... Also keeping in mind different considerations like operational feasibi...

  • Word Count: 986
  • Approx Pages: 4
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