It is evaluating the effectiveness of the candidate system by using a cost/benefit analysis method.
It demonstrates the net benefit from the candidate system in terms of benefits and costs to the organisation.
The main aim of Economic Feasibility Analysis (EFS) is to estimate the economic requirements of the candidate system before investment funds are committed to the proposal.
It prefers the alternative which will maximise the net worth of the organisation 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 to fulfil the new requirements.
It ensures that the candidate system provides appropriate responses to what extent it can support the technical enhancement.
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 organisational 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 systems are workable.
Behavioural Feasibility
It evaluates and estimates the user attitude or behaviour towards the development of a new system.
It helps in determining if the system requires special effort to educate, retrain, transfer, and changes in employee’s job status in new ways of conducting business.
Schedule Feasibility
It ensures that the project should be completed within a given time constraint or schedule.
It also verifies and validates whether the deadlines of projects are reasonable or not.
anand.johari1994