FEASIBILITY STUDY

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Economic Feasibility The economic feasibility study evaluate the cost of the software development against the ultimate income or benefits gets from the developed system. The requirements come from various stakeholders. This includes the delays and acceptable risks.

What is the market like? It explores technical aspects of the project and product such as usability, maintainability, productivity and integration ability.

What is Feasibility Study? Types of Feasibility. Explain Feasibility Study Process

Every project is feasible provided given unlimited resources and infinite time. Unfortunately the development of a computer-based system is more likely to be plagued by resource scarcity and stringent schedules. It is both necessary and prudent to evaluate the feasibility of a project at earliest possible time. Wastage of manpower and financial resources and untold professional embarrassment can be avoided if an ill-conceived system is recognized early in the development phase. So a detailed study was carried out to check the workability of the proposed system. A study of resource availability that may affect the ability to achieve an acceptable system. Technical feasibility is the most difficult area to ensure at initial stage. Since te objectives, functions, performance cannot be predicted to its fullest, everything seems possible, provided the right assumptions are made. It is essential that the process of analysis and definition can be conducted in parallel with an assessment of technical feasibility. The consideration that is normally associated with technical feasibility includes resource availability at the organization where the project is to be developed and implemented. It deals with the consideration about working of the system after installation. The proposed system would be beneficial to its users as their needs are fully satisfied. As this project satisfies all the requirements of the users it is operationally feasible. All the operational aspects are considered carefully feasibility study in software engineering. Only by spending tie to evaluate feasibility we will be able to reduce the chances for extreme embracement at later stages of a project. Thus, considering the above facts management felts that the project is feasible. Financial Feasibility: Financial feasibility should be distinguished from economic feasibility. Financial feasibility involves the capability of the project organization to raise the appropriate funds needed to implement the proposed project. Project financing can be a major obstacle in large multi-party projects because of the level of capital required. Loan availability, credit worthiness, equity, and loan schedule are important aspects of financial feasibility analysis. Cultural Feasibility: Cultural feasibility deals with the compatibility of the proposed project with the cultural setup of the project environment. In labor-intensive projects, planned functions must be integrated with the local cultural practices and beliefs. For example, religious beliefs may influence what an individual is willing to do or not do. Social Feasibility : Social feasibility addresses the influences that a proposed project may have on the social system in the project environment. The ambient social structure may be such that certain categories of workers may be in short supply or nonexistent. The effect of the Project on the social status of feasibility study in software engineering project participants must be assessed to ensure compatibility. It should be recognized that workers in certain industries may have certain status symbols within the society. Market Feasibility: Another concern is market variability and impact on the project. This area should not be confused with the Economic Feasibility. The market needs analysis to view the potential impacts of market demand, competitive activities, etc. Price war activities by competitors, whether local, regional, national or international, must also be analyzed for early contingency funding and debt service negotiations during the start-up, ramp-up, and commercial start-up phases of the project. Do you have any recommendations for newbie blog writers?.

Domain Analysis Every software falls into some domain category. Usability and ease of use: Users will be provided with a complete user manual as a pdf. It must be identified that employees in the particular industries may have specific status symbols within the society. Points of contact provide a list of points of organizational contact with users for information and coordination. What speeds of input and output should be achieved at particular quality of printing. Conclusion When the feasibility study suggest that the project being considered is feasible operationally, technically and economically. As the software is implemented as a freeware and open source system, the code will be available for free Costs associated with delivery: At the initial stage the associated cost will be for the hosting cost. Since it automates some key features associated in college education process, the users can increase the revenue. Additional investors and other sources of funds are considered by the project proponents for their projects in many cases.