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Feasibility Study
Feasibility Study Chapter 3
FEASIBILITY STUDY:
A feasibility study is a preliminary study undertaken to determine and document a projects viability.
The results of this study are used to make a decision whether to proceed with the project, or not.
A feasibility study could be used to test a new working system, which could be used because:
Users are complaining about the speed and quality of work the business providers,
Competitors are now winning a big enough market share due to effective integrations of a
computerized system.
There are six Areas which must be reviewed when starting the feasibility study.
1. Economics
2. Technical
3. Schedule
4. Operational
5. Cultural
6. Legal
cost. As people will buy from home also they have no need to rush to the store. People will facilitate
with this system and they will more eager to buy from your store.
The system has a very bright chance of being implemented, as it has been developed keeping in
mind all the organization requirements.
This system increases the output of the overall system by decreasing the workload.
Software is an intellectual property, so legal feasibility also arises. All organizations have some such
information, which has to keep secret and confidential.
SUMMARY:
In this chapter I highlighted following topics: