A procedure that identifies, describes, and evaluates candidates systems and selects the best system for the job. Depending on the results of the initial investigation, the survey is expanded to a more detailed feasibility study. Feasibility study is a test of system proposal according to its workability, impact on the organization, ability to meet user needs, and effective use of resources. It focuses on three major questions: 1)What are the user’s demonstrable needs and how does a candidate system meet them? 2)What resources are available for given candidate systems? Is the problem worth solving? 3)What are the likely impacts of the candidate system on the organization? How well does it fit within the organization’s master MIS plan? Each of these questions must be answered carefully. They revolve around investigation and evaluation of the problem, identification and description of candidate systems, specification of performance and the cost of each system, and the final selection of the best system. The objective of feasibility is not to solve the problem but to acquire the sense of its scope. During the study, the problem definition is crystallized and aspects of the problem to be included in the system are determined. Consequently, costs & benefits are estimated with greater accuracy at this stage. The result of the feasibility study is a formal proposal. This is simply a report – a formal document detailing the nature and scope of the proposed solution. The proposal summarizes what is going to be done. It consists of the following: 1)Statement of the problem – A carefully worded statement of the problem that led to analysis. 2)Summary of finding and recommendations – A list of major findings and recommendations of the study. It is ideal for the user who requires quick access to the analysis of the system under study. Conclusions are stated, followed by a list of the recommendations and a justification for them. 3)Details of findings – An outline of the methods and procedures undertaken by the existing system, followed by the existing system, followed by coverage of the objectives and procedure of the candidate system. 4)Recommendations and conclusions - Specific recommendations regarding the candidate system, including personnel assignment, costs, project schedules and target dates. After the proposal is reviewed management it becomes a formal agreement that way for Actual design and implementation. Some key considerations that are involved in the feasibility analysis are: 1)Technical Feasibility
1) Technical Feasibility:
This is concerned with specifying equipment and software that will successfully satisfy the user requirement. The technical needs of the system may vary considerably, but might include: •The facility to produce outputs in a given time.
•Response time under certain conditions.
•Ability to process a certain volume of transaction at a particular speed. •Facility to communicate data to distinct location.
The analyst must find out whether current technical resources, which are available in the organization, are capable of the user’s requirements. If not, the analyst with the help of vendors should confirm whether the technology is available and capable of user’s request.
2) Economic Feasibility:
Economic or financial feasibility is the second part of resource determination. The basic resources to consider are: •Management time
•Time spent by the system analysis team
•Cost of doing the full systems study
•Estimated cost of hardware
•Estimated cost of software and/or software development.
The concerned business must be able to see the value of the investment it is considering before committing to an entire study. If short-term costs are not overshadowed by long-term gains, or there is not an immediate...