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Feasibility Analysis

This presentation will probably involve audience discussion, which will create action items. Use PowerPoint to keep track of these action items during your presentation In Slide Show, click on the right mouse button Select “Meeting Minder” Select the “Action Items” tab

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Feasibility Analysis

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  1. This presentation will probably involve audience discussion, which will create action items. Use PowerPoint to keep track of these action items during your presentation • In Slide Show, click on the right mouse button • Select “Meeting Minder” • Select the “Action Items” tab • Type in action items as they come up • Click OK to dismiss this box • This will automatically create an Action Item slide at the end of your presentation with your points entered. Feasibility Analysis Martha Grabowski LeMoyne College

  2. Feasibility • Measure of how beneficial or practical the • development of an information system • will be to an organization. • Feasibility Analysis • Process by which feasibility is measured • Continuing process of feasibility assessment

  3. Tests of Feasibility • Operational Feasibility • Technical Feasibility • Schedule Feasibility • Economic Feasibility

  4. Tests of Feasibility • Operational Feasibility • How well will the solution work in the organization? • Technical Feasibility • How practical is the technical solution? • How available are technical resources and expertise?

  5. Tests of Feasibility • Schedule Feasibility • How reasonable is the project timetable? • Economic Feasibility • How cost-effective is the project or solution? • Cost-benefit analysis

  6. Operational Feasibility • Questions to Ask • Is the problem worth solving? • Will the solution to the problem work? • How do end users and management feel about the solution? • Has a usability analysis been conducted?

  7. Technical Feasibility • Questions to Ask • Is the proposed solution practical? • Do we possess the necessary technology? • Do we possess the necessary technical expertise? • Is the schedule reasonable?

  8. Economic Feasibility • Cost-benefit analyses • How much will the system cost? • Development costs • Operation costs • Maintenance and support costs • Do we possess the necessary technology? • Do we possess the necessary technical expertise? • Is the schedule reasonable?

  9. Cost Analysis

  10. Benefit Analysis • Benefit analyses • Tangible benefits can be easily quantified. • Measured in terms of monthly or annual savings, or of profit to organization • Intangible benefits more difficult to quantify.

  11. Benefit Analysis • Tangible Benefits • Fewer processing errors • Increased throughput • Decreased response time • Elimination of job steps • Increased sales • Reduced credit losses • Reduced expenses • Intangible Benefits • Improved customer goodwill • Improved employee morale • Better service to community • Better decision-making

  12. Economic Feasibility • Payback analysis • How long will it take to recoup the costs of this project? • Return on investment (ROI) analysis • Net present value analysis

  13. Feasibility Analysis • Compare candidate systems on basis of several characteristics • Better analysts always consider multiple solutions

  14. Candidate Systems Matrix

  15. Feasibility Analysis Matrix

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