SYSTEM ANALYSIS AND DESIGN
Feasibility Study
Feasibility Study can be considered as preliminary investigation that helps the
management to take decision about whether study of system should be feasible for
development or not.
It identifies the possibility of improving an existing system, developing a new
system, and produce refined estimates for further development of system.
It is used to obtain the outline of the problem and decide whether feasible or
appropriate solution exists or not.
The main objective of a feasibility study is to acquire problem scope instead
of solving the problem.
The output of a feasibility study is a formal system proposal act as decision
document which includes the complete nature and scope of the proposed
system.
Steps Involved in Feasibility Analysis
The following steps are to be followed while performing feasibility analysis −
Form a project team and appoint a project leader.
Develop system flowcharts.
Identify the deficiencies of current system and set goals.
Enumerate the alternative solution or potential candidate system to meet
goals.
Determine the feasibility of each alternative such as technical feasibility,
operational feasibility, etc.
Weight the performance and cost effectiveness of each candidate system.
Rank the other alternatives and select the best candidate system.
Prepare a system proposal of final project directive to management for
approval.
SYSTEM ANALYSIS AND DESIGN
Types of Feasibilities
Economic Feasibility
It is evaluating the effectiveness of candidate system by using cost/benefit
analysis method.
It demonstrates the net benefit from the candidate system in terms of benefits
and costs to the organization.
The main aim of Economic Feasibility Analysis (EFS) is to estimate the
economic requirements of candidate system before investments funds are
committed to proposal.
It prefers the alternative which will maximize the net worth of organization by
earliest and highest return of funds along with lowest level of risk involved in
developing the candidate system.
Technical Feasibility
It investigates the technical feasibility of each implementation alternative.
It analyzes and determines whether the solution can be supported by existing
technology or not.
The analyst determines whether current technical resources be upgraded or
added it that fulfill the new requirements.
It ensures that the candidate system provides appropriate responses to what
extent it can support the technical enhancement.
SYSTEM ANALYSIS AND DESIGN
Operational Feasibility
It determines whether the system is operating effectively once it is developed
and implemented.
It ensures that the management should support the proposed system and its
working feasible in the current organizational environment.
It analyzes whether the users will be affected and they accept the modified or
new business methods that affect the possible system benefits.
It also ensures that the computer resources and network architecture of
candidate system are workable.
Behavioral Feasibility
It evaluates and estimates the user attitude or behavior towards the
development of new system.
It helps in determining if the system requires special effort to educate, retrain,
transfer, and changes in employee’s job status on new ways of conducting
business.
Schedule Feasibility
It ensures that the project should be completed within given time constraint or
schedule.
It also verifies and validates whether the deadlines of project are reasonable
or not.
