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  • Essay / Key Considerations of Feasibility Analysis

    Table of ContentsFeasibility StudyThe three key considerations involved in feasibility analysis are:Economic feasibilityTechnical feasibilitySocial feasibilityFeasibility studyThe feasibility of the project is analyzed in this phase and the business proposal is presented with a very general plan for the project and some cost estimates. During the system analysis, the feasibility study of the proposed system should be carried out. This is to ensure that the proposed system does not constitute a burden on the business. For the feasibility analysis, some understanding of the main system requirements is essential. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay. Three key considerations involved in the feasibility analysis are: Economic feasibility Technical feasibility Social feasibility Economic feasibility This study is carried out to verify the economic impact that the system will have. on the organization. The amount of funds the company can devote to research and development of the system is limited. Expenses must be justified. Thus, the system was developed within budget and this was achieved because most of the technologies used are freely available. Only customized products were to be purchased.Technical FeasibilityThis study is carried out to check the technical feasibility aspect, i.e. the technical requirements of the system. Any system developed should not require a lot of available technical resources. This will lead to high demands on the customer. The developed system should have modest requirements, as only minimal or no modifications are required for the implementation of this system. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a personalized trial Social feasibility The aspect of the study is to check the level of acceptance of the system by users. This includes the process of training users to use the system effectively. Users should not feel threatened by the system, but rather accept it as a necessity. The level of user acceptance depends solely on the methods used to raise user awareness and familiarity with the system. Their confidence level should be high so that they are able to give constructive criticism, which is welcome as they are the end user of the system..