Project Feasibility CIS 255

Types of Feasibility Economic Operational Technical Schedule Legal and contractual Political

Economic Identify the benefits and the costs associated with the development of the plan

Benefits and Costs Cost reduction Error Reduction Increased Flexibiltiy Speed Improved planning and control New markets and opportunities System development New hardware and software Training Data or system conversion

Tangible/Intangible Tangible benefits or costs are ones that can be measured in dollars Intangible benefits or costs are those that cannot be directly measured in dollars

Operational Feasibilty The process of examining the likelihood that the project will achieve its desired goals.

Technical Feasibility Examines the company’s abiltiy to construct the proposed system Includes assessment of potential hardware and software needs

Schedule Feasibility Examines whether a given project can be done in a time frame that meets the needs of the organization

Legal and Contractual Study of any Legal or contractual issues related to the project Labor relations and regulations Safety regulation Copyright or patent laws Antitrust laws

Political Feasibility The attitudes and position of stakeholders regarding the project.