Topic > Key considerations of the feasibility analysis

Index Feasibility study Three key considerations involved in the feasibility analysis are: Economic feasibility Technical feasibility Social feasibility Feasibility study In this phase the feasibility of the project is analyzed and the commercial 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 must be carried out. This is to ensure that the proposed system does not constitute a burden on the company. For the feasibility analysis, it is essential to understand the main requirements of the system. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essayThe three key considerations involved in the feasibility analysis are:Economic feasibilityTechnical feasibilitySocial feasibilityEconomic feasibilityThis study is carried out to check the economic impact that the system will have on the organization. The amount of funds the company can invest in research and development of the system is limited. Expenses must be justified. Therefore the developed system also fits within the budget and this was achieved because most of the technologies used are freely available. Only customized products had to be purchased. Technical Feasibility This study is carried out to verify the aspect of technical feasibility, i.e. the technical requirements of the system. Any developed system must not have a high demand on available technical resources. This will lead to high demands on the customer. The developed system must have modest requirements, as only minimal or no changes are required to implement this system. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay Social Feasibility The aspect of the study is to check the level of acceptance of the system by the users. This includes the process of training users to use the system efficiently. Users should not feel threatened by the system, but should accept it as a necessity. The level of user acceptance depends solely on the methods used to educate users about the system and familiarize them with it. Their level of trust needs to be increased so that they are able to give constructive criticism, which is welcomed, as they are the end users of the system.