{"id":157,"date":"2023-05-14T14:58:15","date_gmt":"2023-05-14T14:58:15","guid":{"rendered":"https:\/\/itnotes.apjsoftwares.com\/?p=157"},"modified":"2023-05-14T14:58:15","modified_gmt":"2023-05-14T14:58:15","slug":"feasibility-study-technical","status":"publish","type":"post","link":"https:\/\/itnotes.apjsoftwares.in\/index.php\/2023\/05\/14\/feasibility-study-technical\/","title":{"rendered":"Feasibility study: Technical"},"content":{"rendered":"\n<p>Feasibility Study can be considered as a preliminary investigation that helps the management to make decisions about whether study of a system should be feasible for development or not.<\/p>\n\n\n\n<ul>\n<li>It identifies the possibility of improving an existing system, developing a new system, and producing refined estimates for further development of the system.<\/li>\n\n\n\n<li>It is used to obtain the outline of the problem and decide whether a feasible or appropriate solution exists or not.<\/li>\n\n\n\n<li>The main objective of a feasibility study is to acquire problem scope instead of solving the problem.<\/li>\n\n\n\n<li>The output of a feasibility study is a formal system proposal that acts as a decision document which includes the complete nature and scope of the proposed system.<\/li>\n<\/ul>\n\n\n\n<p>Steps Involved in Feasibility Analysis<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The following steps are to be followed while performing feasibility analysis \u2212<\/strong><\/h3>\n\n\n\n<ul>\n<li>Form a project team and appoint a project leader.<\/li>\n\n\n\n<li>Develop system flowcharts.<\/li>\n\n\n\n<li>Identify the deficiencies of the current system and set goals.<\/li>\n\n\n\n<li>Enumerate the alternative solution or potential candidate system to meet goals.<\/li>\n\n\n\n<li>Determine the feasibility of each alternative such as technical feasibility, operational feasibility, etc.<\/li>\n\n\n\n<li>Weight the performance and cost effectiveness of each candidate system.<\/li>\n\n\n\n<li>Rank the other alternatives and select the best candidate system.<\/li>\n\n\n\n<li>Prepare a system proposal of final project directive to management for approval.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-center\"><img decoding=\"async\" loading=\"lazy\" src=\"blob:https:\/\/itnotes.apjsoftwares.com\/1d334dc7-2f77-4e64-8024-6bee4749eb06\" width=\"617\" height=\"241\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Feasibility Study can be considered as a preliminary investigation that helps the management to make&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[],"_links":{"self":[{"href":"https:\/\/itnotes.apjsoftwares.in\/index.php\/wp-json\/wp\/v2\/posts\/157"}],"collection":[{"href":"https:\/\/itnotes.apjsoftwares.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itnotes.apjsoftwares.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itnotes.apjsoftwares.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/itnotes.apjsoftwares.in\/index.php\/wp-json\/wp\/v2\/comments?post=157"}],"version-history":[{"count":1,"href":"https:\/\/itnotes.apjsoftwares.in\/index.php\/wp-json\/wp\/v2\/posts\/157\/revisions"}],"predecessor-version":[{"id":158,"href":"https:\/\/itnotes.apjsoftwares.in\/index.php\/wp-json\/wp\/v2\/posts\/157\/revisions\/158"}],"wp:attachment":[{"href":"https:\/\/itnotes.apjsoftwares.in\/index.php\/wp-json\/wp\/v2\/media?parent=157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itnotes.apjsoftwares.in\/index.php\/wp-json\/wp\/v2\/categories?post=157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itnotes.apjsoftwares.in\/index.php\/wp-json\/wp\/v2\/tags?post=157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}